Travels & Rentals IPO
IPO Details
- Open Date
29 Aug 2024
- Close Date
02 Sep 2024
- IPO Price Range
₹ 40
- IPO Size
₹ 12.24 Cr
- Listing Exchange
BSE SME
- Listing Date
05 Sep 2024
IPO Timeline
Travels & Rentals IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 29-Aug-24 | - | 0.92 | 7.01 | 3.97 |
| 30-Aug-24 | - | 3.27 | 20.24 | 11.75 |
| 2-Sep-24 | - | 754.62 | 429.43 | 608.22 |
Last Updated: 02 September 2024 6:15 PM by 5Paisa
Last Updated: 2nd September 2024, 5:35 PM by 5paisa
Travels & Rentals IPO is set to open on 29 August 2024 and will close on 02 September 2024. The company is a comprehensive travel solutions provider offering a wide array of travel-related products and services.
The IPO includes a fresh issue of 30,60,000 shares aggregating up to ₹12.24 Cr. The price is ₹40 per share and the lot size is 3000 shares.
The allotment is scheduled to be finalised on 03 September 2024. It will go public on NSE SME, with a tentative listing date of 05 September 2024.
Finshore Management Services Ltd is the book-running lead manager, while Cameo Corporate Services Ltd is the registrar.
Travels & Rentals IPO Size
| Types | Size (₹Cr) |
|---|---|
| Total IPO Size | 12.24 |
| Offer for Sale | - |
| Fresh Issue | 12.24 |
Travels & Rentals IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | 1,20,000 |
| Retail (Max) | 1 | 3000 | 1,20,000 |
| HNI (Min) | 2 | 6000 | 2,40,000 |
Travels & Rentals IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.) |
|---|---|---|---|---|
| NII (HNI) | 754.62 | 14,53,500 | 1,09,68,45,000 | 4,387.38 |
| Retail | 429.43 | 14,53,500 | 62,41,83,000 | 2,496.73 |
| Total | 608.22 | 29,07,000 | 1,76,80,86,000 | 7,072.34 |
1. Working Capital Requirements.
2. General Corporate Purposes.
Incorporated in 1996, Travels & Rentals Limited is a comprehensive travel solutions provider offering a wide array of travel-related products and services. The company specialises in air ticketing for both domestic and international flights, customised package tours for inbound and outbound travellers, and worldwide hotel reservations. Additionally, they provide specialised services such as visa and passport processing, travel insurance, and tickets for various activities and attractions.
Travels & Rentals Limited has established a robust network of travel agents across key regions including Europe, the USA, South and Southeast Asia, the Middle East, Africa, and Australia. The company’s strong global presence is complemented by its accreditation from the International Air Transport Association (IATA) in Geneva, Switzerland. Furthermore, it is recognized by the Ministry of Tourism, Government of India, and holds memberships with both the Travel Agent Association of India (TAAI) and the Indian Association of Tour Operators (IATO).
As of March 31, 2024, Travels & Rentals Limited employs a dedicated team of 58 professionals committed to delivering exceptional travel experiences to their clients.
Peers
Sailani Tours N Travels Ltd
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Revenue | 8.04 | 5.79 | 2.91 |
| EBITDA | 4.35 | 2.38 | 1.57 |
| PAT | 2.97 | 1.51 | 0.69 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Total Assets | 24.70 | 16.47 | 13.34 |
| Share Capital | 8.14 | 2.01 | 1.76 |
| Total Borrowings | 4.71 | 5.61 | 7.55 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Net Cash Generated From / (used in) operating activities | -2.42 | 3.02 | 1.70 |
| Net Cash Generated From / (used in) investing activities | 0.47 | 0.14 | -0.15 |
| Net Cash Generated From / (used in) financing activities | 2.02 | -3.16 | -1.51 |
| Net Increase (Decrease) In Cash And Cash Equivalents | 0.07 | 0.00 | 0.04 |
Strengths
1. Travels & Rentals Limited provides a wide range of travel-related products and services which positions the company as a one-stop solution for travellers.
2. The company has established a robust network of travel agents across key global markets enhancing its reach and service delivery.
3. The company’s accreditation lends credibility and trustworthiness to its operations.
4. With over two decades of experience in the travel industry, the company has developed expertise.
Risks
1. The travel industry is highly competitive, with numerous players offering similar services.
2. Global economic downturns or political instability in key regions could adversely affect travel demand and, consequently, the company’s revenues.
3. The company’s reliance on international travel exposes it to risks associated with fluctuations in global travel trends.
4. Changes in government regulations, both domestic and international could impact the company’s operations and service offerings.
5. The company’s success is partly dependent on the reliability and performance of its network of travel agents and partners.
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FAQs
Travels & Rentals IPO opens from 29th August 2024 to 02nd September 2024.
The size of the Travels & Rentals IPO is ₹12.24 Cr.
The price band of Travels & Rentals IPO is fixed at ₹40 per share.
To apply for Travels & Rentals IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Travels & Rentals IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of Travels & Rentals IPO is 3,000 shares and the investment required is ₹1,20,000.
The share allotment date of Travels & Rentals IPO is 03rd September 2024
The Travels & Rentals IPO will be listed on 05th September 2024.
Finshore Management Services Ltd is the book-running lead manager for Travels & Rentals IPO.
Travels & Rentals plans to utilise the raised capital from the IPO for:
1. Working Capital Requirements.
2. General Corporate Purposes.
Contact Information
Travels & Rentals
Travels & Rentals Limited
161, Lenin Sarani
Dharmatala
Kolkata - 700013,
Phone: +91 33 40000777
Email: cs@travelsandrentals.com
Website: https://www.travelsandrentals.in/
Travels & Rentals IPO Register
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/
Travels & Rentals IPO Lead Manager
Finshore Management Services Limited
