Fixed Price IPO | ₹12 Cr | Listed at BSE SME | Thu, Aug 29, 2024 - Mon, Sep 2, 2024
Travels & Rentals IPO is a fixed price issue of ₹12.24 crores. The issue is entirely a fresh issue of 0.31 crore shares of ₹12.24 crore.
Travels & Rentals IPO bidding started from Aug 29, 2024 and ended on Sep 2, 2024. The allotment for Travels & Rentals IPO was finalized on Sep 3, 2024. The shares got listed on BSE SME on Sep 5, 2024.
Travels & Rentals IPO price is ₹40 per share. The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (3000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (6,000 shares), amounting to ₹2,40,000.
Finshore Management Services Ltd. is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue. The Market Maker of the company is Black Fox Financial Pvt.Ltd..
Refer to Travels & Rentals IPO RHP for detailed Information.
IPO Open
Thu, Aug 29, 2024
IPO Close
Mon, Sep 2, 2024
Issue Price
₹40 per share
Market Cap (Pre-IPO)
₹44.81 Cr
| IPO Date | 29 Aug to 2 Sep, 2024 |
| Listed on | Thu, Sep 5, 2024 |
| Face Value | ₹10 per share |
| Issue Price | ₹40 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 30,60,000 shares (agg. up to ₹12 Cr) |
| Reserved for Market Maker | 1,53,000 shares Black Fox Financial Pvt.Ltd. (agg. up to ₹0.6120 Cr) |
| Fresh Issue (Ex Market Maker) | 29,07,000 shares (agg. up to ₹12 Cr) |
| Net Offered to Public | 29,07,000 shares (agg. up to ₹12 Cr) |
| Share Holding Pre Issue | 81,42,685 shares |
| Share Holding Post Issue | 1,12,02,685 shares |
| BSE Script Code | 544242 |
| ISIN | INE0SG001011 |
Travels & Rentals IPO comprises a total issue size of 30,60,000 shares. The net offer to the public is 29,07,000 shares, after excluding 1,53,000 shares allotted on a firm basis. Of the Net offer 14,52,000 (49.95%) allocated to NII 14,55,000 (50.05%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 14,52,000 | 49.95% | 47.45% |
| Retail Shares Offered | 14,55,000 | 50.05% | 47.55% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,53,000 | 5.00% | |
| Total Shares Offered | 30,60,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,20,000 |
| Retail (Max) | 1 | 3,000 | ₹1,20,000 |
| HNI (Min) | 2 | 6,000 | ₹2,40,000 |
Incorporated in 1996, Travels & Rentals Limited provides a wide range of travel-related products and services for complete travel solutions. The company offers airline tickets, hotels, tour packages, rail tickets, as well as additional services like travel insurance, passport & visa processing, and tickets for activities and attractions.
The products/services of the company include the following:
The company has a strong network with travel agents across Europe, the USA, South and Southeast Asia, the Middle East, Africa, and Australia.
The company is accredited by the International Air Transport Association (IATA) in Geneva, Switzerland. It is also recognized by the Ministry of Tourism, Government of India and is a member of both the Travel Agent Association of India (TAAI) and the Indian Association of Tour Operators (IATO).
As of March 31, 2024 the company has 58 employees.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 24.70 | 16.47 | 13.34 |
| Total Income | 8.04 | 5.79 | 2.91 |
| Profit After Tax | 2.97 | 1.51 | 0.69 |
| NET Worth | 14.78 | 7.42 | 4.91 |
| Reserves and Surplus | 6.64 | 5.40 | 3.15 |
| Total Borrowing | 4.71 | 5.61 | 7.55 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet the Working Capital Requirements | 8.03 |
| 2 | General Corporate Purposes | 2.50 |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 26.72% |
| ROCE | 27.54% |
| Debt/Equity | 0.32 |
| RoNW | 20.06% |
| PAT Margin | 36.91% |
| Price to Book Value | 2.20 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 3.64 | 2.65 |
| P/E (x) | 10.98 | 15.11 |
| Promoter Holding | 86.48% | 62.86% |
| Market Cap | ₹44.81 Cr. |
The Travels & Rentals IPO is subscribed 608.46 times on September 2, 2024 6:19:08 PM (Day 3). The public issue subscribed 429.9 times in the retail category, [.] times in the QIB category, and 754.64 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 754.64 | 14,53,500 | 1,09,68,63,000 |
| Retail | 429.9 | 14,53,500 | 62,48,58,000 |
| Total | 608.46 | 29,07,000 | 1,76,87,79,000 |
Total Application : 2,58,337
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manager Fees, Underwriting commission, including other intermediaries Fees, Printing and distribution of Issue Stationary | 0.71 |
| 2 | Regulators Including Stock Exchanges | 0.14 |
| 3 | Advertising, Selling, Marketing and Advisory Expenses | 0.86 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹40.00 |
| Open | ₹55.00 |
| Low | ₹52.25 |
| High | ₹57.75 |
| Last Trade | ₹57.75 |
Lead Manager Reports
Travels & Rentals IPO is a SME IPO of 30,60,000 equity shares of the face value of ₹10 aggregating up to ₹12 Crores. The issue is priced at ₹40 per share. The minimum order quantity is 3000.
The IPO opens on Thu, Aug 29, 2024, and closes on Mon, Sep 2, 2024.
Cameo Corporate Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Travels & Rentals IPO using UPI as a payment gateway. Zerodha customers can apply in Travels & Rentals IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Travels & Rentals IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Travels & Rentals IPO opens on Thu, Aug 29, 2024 and closes on Mon, Sep 2, 2024.
Travels & Rentals IPO lot size is 3000, and the minimum amount required for application is ₹1,20,000.
You can apply in Travels & Rentals IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Travels & Rentals IPO will be done on Tuesday, September 3, 2024, and the allotted shares will be credited to your demat account by Wed, Sep 4, 2024. Check the Travels & Rentals IPO allotment status.
The Travels & Rentals IPO listing date is on Thu, Sep 5, 2024.
