Travels and Rentals IPO

#1. Quick Intro to Travels & Rentals IPO

The initial public offering (IPO) of Travels & Rentals will open for subscription on August 29 and close on September 02, comprising issues of Rs.12.24 crore. An investor can apply for the issue for a minimum of 3000 shares and the listing will happen on September 05, 2024.  

Travels & Rentals Limited (1996) offers a comprehensive range of travel-related products and services for end-to-end travel solutions, including airline tickets, hotels and tour packages, rail tickets as well as ancillary value-added services such as travel insurance, passport & visa processing and tickets for activities and attractions.

The company is accredited by IATA (International Air Transport Association, Geneva, Switzerland), recognized by the Ministry of Tourism, Government of India, a member of TAAI (Travel Agent Association of India) and a member of IATO (Indian Association of Tour Operators.

Check out the IPO allotment status on IPO Deliver.

#2. IPO Object of Travels & Rentals    

The company intends to use the IPO Funds for the following purposes: 

1. Funding the working capital requirement of the company.
2. General corporate purposes and issue expenses. 

#3. Travels & Rentals Core Strengths 

1. Skilled and Quality staff
2. Product offering 
3. Scalable business model
4. Smooth flow of operation

#4. Travels & Rentals IPO Review & Rating

Issue Size	Rs.12.24 crore
Issue Price	Rs.40 per share
Minimum Lot Size	3000 Shares
Total Profit (Latest)	Rs.296.55 Lakhs
ROE (%)	26.72
RONW (%)	27.54
Listing on	BSE (SME)
IPO Deliver Rating	One

 

#5. Travels & Rentals IPO Dates, Price Band & Details

Travels & Rentals IPO will open on August 29, 2024, and close on September 02, 2024. The IPO is to be listed on September 05, 2024.  

Type of issue	Fixed Issue IPO
Issue Size	Rs.12.24 crore
Price Brand	Rs.40 per share
Face Value	Rs. 10/- per share
IPO Open Date	August 28, 2024
IPO Close Date	September 02, 2024
IPO Allotment Date	September 03, 2024
Refund Date	September 04, 2024
Share Credit Date	September 04, 2024
Listing Date	September 05, 2024

 

#6. Travels & Rentals IPO Offer Details

Travels & Rentals IPO’s total issue size is 30,60,000 shares, comprising the below-mentioned categories. 

Offer Category	Shares Offer	Amount (Crore)
Fresh Issue	30,60,000	Rs.12.24
Offer for Sale (OFS)	–	–

 

#7. Travels & Rentals Financials Overview (Lakhs)

The following table sets forth the summary of financial information of the company for the period March 31, 2024, March 31, 2023 and March 31, 2022.

Category (Rs.)	March 2024	March 2023	March 2022
Total Revenue	803.54	579.06	290.59
Net Worth	1478.48	741.52	490.88
Profit	296.55	150.64	69.01
Total Borrowings	470.94	560.97	755.41

 

#8. Travels & Rentals Quantitative Factors 

The following table sets forth the summary of financial information of the company for the period March 31, 2024, March 31, 2023 and March 31, 2022. 

Category	March 2024	March 2023	March 2022
EPS (Rs.)	3.64	2.14	1.12
RoNW (%)	20.06	20.31	14.06
NAV (Rs.)	18.16	–	–

 

#9. Travels & Rentals Comparison with Other Peer Companies (Top 2)

Listed companies in India are comparable in all aspects of the business. 

Company Names	Total Revenue (In Lakhs)	RoNW (%)	NAV
Sailani Tours N	2346.27	4.10	15.41
–	–	–	–

 

#10. Travels & Rentals Company Promoters 

The company has four promoters as per the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP). (TOP-2)

Sr. No.	Name of Promoters
01.	Devendra Bharat
02.	Karuna Paresh

 

Click here for the previous SME IPO

#11. Travels & Rentals Pre-offer and Post-Offer Promoters Shareholding

Promoters Holding	Percentage (%)
Pre-issue	86.48
Post-issue	–

 

#12. Travels & Rentals IPO Reservation Details

Travels & Rentals IPO total reservation shares are distributed between the below-mentioned categories. 

Category	Share Offered
QIB/others Shares Offered	Not more than 50% of the Net Offer
Retail Shares Offered	Not less than 50% of the Net Offer
NII Shares Offered	–

 

#13. Travels & Rentals IPO – Lot Size

An investor can apply for a minimum of 3000 Shares in multiple thereof. Market lot sizes for the retail individual investors and non-institutional investor (NII)/ HNI investors are as follows:

Application	Lot Size	No. of Shares	Amount (Rs.)
Retail (Min.)	1	3000	1,20,000
Retail (Max.)	1	3000	1,20,000
HNI (Min.)	2	6000	2,40,000

 

#14. Travels & Rentals IPO – Prospectus Copy

An investor can download/view the Travels & Rentals prospectus copy, which the company filed to exchange, details are as follows. 

Travels & Rentals IPO Prospectus

Draft Red Herring Prospectus (DRHP)

Red Herring Prospectus (RHP)

 

#15. Travels & Rentals IPO Registrar 

Cameo Corporate Services Limited 

Website: www.Cameoindia.com

#16. Travels & Rentals IPO Lead Managers

Finshore Management Services Limited 

Website: www.finshoregroup.com

#17. Travels & Rentals IPO Application (How to Apply for an IPO)

There are three primary options for applying for a Travels & Rentals IPO, details are as follows: 

Option-1 Apply for IPO through Internet Banking

Step-1. Log into your bank account.

Step-2. In the invest Tab, you will see ASBA, click on it.

Step-3. Choose to apply for IPO and select the ongoing IPO “Travels & Rentals Limited”

Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment. 

Step-5. After the above steps, the respective amount will get blocked until the allotment date, and after that, it will get a refund/debited in case of rejection/allotment respectively. 

Option-2 Apply for IPO through a Broker firm

Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)

Step-2. Click on the IPO tab and select the ongoing IPO “Travels & Rentals Limited”

Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.

Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your account or refunded if no allotment is made to you. 

Option-3 Apply for IPO Offline Mode Bank mode

Step-1. Visit the nearest branch of your bank.

Step-2. Fill out the ASBA form and submit it with KYC details. 

Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your bank account or refunded if no allotment is made to you. 

#18. Travels & Rentals Company Details

Travels & Rentals Limited 

Registered Office: 161, Lenin Sarani, Dharmatala, Kolkata – 700013, West Bengal, India

Email: cs@travelsandrentals.com

Website: www.travelsandrentals.com

#19. Travels & Rentals Subsidiary Companies (Top 2)

Sr.No.	Name of Companies (Indian)
01.	–
02.	–

 

#20. Travels & Rentals Company Board (Top 2)

Sr. No.	Name of Directors
01.	Devendra Bharat
02.	Karuna Paresh

 

Travels & Rentals IPO – Frequently Asked Questions (FAQs)

#1. What is a Travels & Rentals IPO? Travels & Rentals brings its IPO of Rs.12.24 crore, on August 29, 2024, with a price band of Rs.40 per share.

 

#2. What is the Travels & Rentals IPO Open date? Travels & Rentals IPO’s opening date is August 29, 2024.

 

#3. What is the Travels & Rentals IPO Close Date? Travels & Rentals IPO’s closing date is September 02, 2024.

 

#4. What is the Travels & Rentals IPO Listing date? Travels & Rentals IPO listing date is September 05, 2024.

 

#5. What is the Travels & Rentals IPO Minimum investment amount? Travels & Rentals IPO’s minimum investment amount is Rs.1,20,000

 

#6. What is the Travels & Rentals IPO offer issue Size? Travels & Rentals offers an issue size of Rs.12.24 crore.

 

#7. What is the Travels & Rentals IPO Price Band? Travels & Rentals’s IPO price band is Rs.40 per share.

 

#8. Is Travels & Rentals IPO mainboard IPO or SME IPO? Travels & Rentals IPO is an SME IPO.