The Travels & Rentals IPO is scheduled to open on August 29, 2024, and will close on September 02, 2024. This offering is structured as a Fixed Price Issue, aiming to raise approximately ₹12.24 crores. Specifically, the IPO includes a fresh issue of ₹12.24 crores, in addition to an offer for the sale of up to 3,060,000 equity shares, each with a face value of ₹10.
Table of contents
- Travels & Rentals IPO Overview
- Company Details
- Key Dates
- Financials (₹ in Crores)
- Objective of the Issue
- Company Promoters
- Travels & Rentals IPO GMP (Grey Market Premium)
- IPO Application Form PDF
- Travels & Rentals IPO Subscription Status
- Travels & Rentals IPO Allotment Status
- IPO Review
- Travels & Rentals IPO Registrar
- Travels & Rentals IPO Lead Manager
- Contact
- FAQs
Travels & Rentals IPO Overview
| Overview Points | Description |
|---|---|
| Company Name | Travels & Rentals Limited |
| Industry | Travelling |
| IPO Issue Type | Fixed Price Issue |
| Open Date | August 29, 2024 |
| Close Date | September 02, 2024 |
| Total Issue Size | ₹12.24 Crores (3,060,000 Equity Shares) |
| Face Value | ₹10 Per Equity Share |
| Fresh Issue | ₹12.24 Crores (3,060,000 Equity Shares) |
| Price Band | ₹40 Per Share |
| Listing on | BSE SME |
| Lot Size | 3000 Shares |
| Offer for Sale | 1,455,000 |
| Shares Offered to Retail | 50% |
| Shares Offered to QIB | 0% |
| Shares Offered to HNI | 50% |
Company Details
Travels & Rentals Private Limited began as a partnership firm named “M/s. Travels & Rentals” in 1990. The company was incorporated in 1996, taking over the operations of the original partnership. Specializing in comprehensive travel solutions, the company offers a wide range of services including airline ticketing, hotel bookings, and tailored travel packages. Additionally, they provide value-added services like travel insurance, passport and visa processing, and event ticketing.
With over 25 years of experience, Travels & Rentals Private Limited crafts personalized tour packages that showcase the best of India. Accredited by IATA and recognized by the Ministry of Tourism, Government of India, and TAAI, the company’s success is built on its confidence, expertise, and robust infrastructure.
Key Dates
| Events | Date |
|---|---|
| IPO Open Date | August 29, 2024 |
| IPO Close Date | September 02, 2024 |
| Basis of Allotment | September 03, 2024 |
| Refunds | September 04, 2024 |
| Credit to Demat Account | September 04, 2024 |
| IPO Listing Date | September 06, 2024 |
Financials (₹ in Crores)
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | ₹24.69 | ₹16.47 | ₹13.34 |
| Revenue | ₹8.03 | ₹5.79 | ₹2.90 |
| Profit After Tax | ₹2.96 | ₹1.50 | ₹0.69 |
| Net Worth | ₹14.78 | ₹7.41 | ₹4.90 |
| Reserves and Surplus | ₹6.64 | ₹5.40 | ₹3.14 |
| Total Borrowing | ₹4.70 | ₹5.60 | ₹7.55 |
Objective of the Issue
- Working Capital Requirement
- General Corporate Expenses
Company Promoters
- Mr. Devendra Bharat Parekh
- Mrs. Karuna Parekh
- Mrs. Anupama Singhi
- Mr. Tushar Singhi
Travels & Rentals IPO GMP (Grey Market Premium)
Curious about the latest Grey Market Premium (GMP) for the Travels & Rental’s IPO? Look no further! Visit our dedicated IPO GMP section where we keep you in the loop with daily updates on all IPOs, including Travels & Rentals. Additionally, stay ahead of the game with real-time GMP insights that can help you make informed investment decisions. Whether you’re a seasoned investor or just getting started, our updates have got you covered!
IPO Application Form PDF
To download the IPO application form, simply check out the IPO Forms. Additionally, you can download the ASBA IPO Forms PDF.
Travels & Rentals IPO Subscription Status
This IPO subscription kicks off on August 29, 2024! Meanwhile, if you’re looking to stay updated with the latest subscription figures, head over to our IPO Subscription section for real-time data on all ongoing IPOs. Moreover, don’t miss out on the action—track the progress as it happens!
Travels & Rentals IPO Allotment Status
To check the Travels & Rental’s IPO allotment status go to the IPO registrar website Cameo Corporate or go to IPO Allotment.
To check allotment status. Firstly, follow the steps below:
- Firstly, go to the link given above.
- Secondly, select the company name.
- Then, enter your PAN Number, Beneficiary Number, Application Number, or CAF Number.
- Finally, submit the details to get the allotment status.
IPO Review
Strengths:
- The company offers comprehensive logistical solutions, making it a one-stop shop for B2B clients.
- Its capability to integrate road, rail, and sea transportation into a single supply chain enables flexible and optimized routes.
- By serving a variety of industries, including glass, plywood, paper, edible oil, and steel, the company reduces reliance on any single sector.
- Tailored logistics solutions provide a competitive edge by meeting specific client needs.
- Based in Chennai and focused on B2B services, the company is strategically positioned to serve the industrial needs of South India.
Risks:
- The company might struggle with rapidly scaling operations or managing larger and more complex logistical needs.
- Exposure to industry-specific downturns could impact demand for its logistics services.
- Although multimodal logistics is an advantage, it carries risks due to reliance on multiple transportation networks.
- The logistics sector is fiercely competitive, with many established companies offering similar services.
- The industry is heavily regulated, facing challenges related to transportation, environmental laws, and customs compliance.
Travels & Rentals IPO Registrar
CAMEO CORPORATE SERVICES LIMITED
“Subramanian Building”, No. 01, Club House Road,
Mount Road, Chennai – 600 002, Tamil Nadu
Phone: +91-44-40020700, 28460390
Email: ipo@cameoindia.com
Website: www.cameoindia.com
Travels & Rentals IPO Lead Manager
- Finshore Management Services Limited
Contact
Travels & Rentals Limited
161, Lenin Sarani
Dharmatala
Kolkata – 700013,
Phone: +91 33 40000777
Email: cs@travelsandrentals.com
Website: https://www.travelsandrentals.in/
FAQs
Travels & Rentals offer size is ₹12.24 crores.
Travels & Rentals public offer price is ₹40 per share.
Travels & Rentals offers a lot size is 3000 shares.
For Travels & Rentals IPO GMP please refer to this IPO GMP Page.
Travels & Rentals IPO allotment date is September 3, 2024.
Travels & Rental’s IPO listing date is September 5, 2024. The IPO is to be listed on BSE.
For the latest news on Upcoming IPOs and IPO GMP, follow IPOGMP.IN. Additionally, connect with us on Twitter, Facebook, and Instagram.
