Travels & Rentals IPO Details
| IPO Size | 12.24 |
| Price Range | ₹40 |
| Retail Quota | 50% |
| QIB Quota | -- |
| NII Quota | 50%-- |
| Employee Discount | -- |
| Listing at | BSE |
| Minimum Quantity | 3000 |
| Investment (cut-off price) | ₹120,000 |
| Pre IPO Promotor Holding | 86.48% |
| Post IPO Promotor Holding | 62.86% |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Travels & Rentals IPO Timelines
29/08/2024
Start Date02/09/2024
End Date04/09/2024
Refund Initiation04/09/2024
Credit of Shares to Demat Ac05/09/2024
Listing DateTravels & Rentals IPO Lot Size
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 3000 | ₹120,000 |
| Retail Maximum | 1 | 3000 | ₹120,000 |
| S-HNI Minimum | 2 | 6000 | ₹240,000 |
Travels & Rentals IPO Subscription Status
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| -- | 754.64 x | 429.90 x | -- | 608.46 x |
IPO Performance on Listing Day
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹55 | ₹57.75 | ₹57.75 | ₹52.25 |
Travels & Rentals IPO Company Financials
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2022 | ₹2.91 | ₹2.00 | ₹0.69 |
| FY 2023 | ₹5.79 | ₹3.65 | ₹1.51 |
| FY 2024 | ₹8.04 | ₹3.84 | ₹2.97 |
About Company
Incorporated in 1996, Travels & Rentals Limited is a comprehensive provider of travel-related products and services, offering end-to-end travel solutions. The company specialises in airline ticketing for both domestic and international flights, along with customised inbound and outbound tour packages.
Their services extend to worldwide hotel reservations and packages, catering to a diverse range of traveller needs. Travels & Rentals Limited also offers specialised services such as visa and passport processing, travel insurance, and tickets for various activities and attractions.
Travels & Rentals Limited boasts a robust network of travel agents across Europe, the USA, South and Southeast Asia, the Middle East, Africa, and Australia, enabling them to deliver seamless travel experiences to clients globally.
The company holds accreditation from the International Air Transport Association (IATA) in Geneva, Switzerland, underscoring their commitment to high standards in the travel industry. Furthermore, they are recognised by the Ministry of Tourism, Government of India, and are active members of both the Travel Agents Association of India (TAAI) and the Indian Association of Tour Operators (IATO).
As of March 31, 2024, Travels & Rentals Limited employs 58 professionals dedicated to providing exceptional service and enhancing the travel experience for their clients worldwide.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 1996 | Hospitality & Travel | Devendra Parekh |
Know Before Investing
Travels & Rentals IPO Strengths
- Over 30 years of organisational stability and management expertise.
- Skilled workforce of 58 employees with industry-specific experience.
- Comprehensive travel solutions offering diverse, integrated travel services.
- Scalable business model with proven success and growth potential.
- Strong client relationships ensuring repeat business and customer retention.
- Advanced online presence with three specialised websites enhancing accessibility.
Travels & Rentals IPO Risks
- Legal proceedings involving ₹2,097.37 lakhs could impact financial stability.
- Intense competition may affect market share and profitability.
- Negative cash flow reported in FY24 may impact operations.
- Unregistered logo poses a risk to brand protection and enforcement.
- Depending on rented office space, potential lease termination risks operations.
Swot Analysis for Travels & Rentals IPO
Strengths
Weaknesses
Opportunities
Threats
Company Details
Travels & Rentals Limited
161, Lenin Sarani
Dharmatala
Kolkata – 700013,
Phone: +91 33 40000777
Email: [email protected]
Website: https://www.travelsandrentals.in/
IPO Registar Details
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: [email protected]
Website: https://ipo.cameoindia.com/
FAQs
The key objectives of Travels & Rentals IPO are:
- To meet the Working Capital Requirements
- To meet the Issue Expenses
- General Corporate Purposes
Finshore Management Services Ltd. is the book-running lead managers for the Travels & Rentals IPO.