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:
- Air Ticketing: domestic and international flights.
- Packaged Tours: inbound and outbound customized tours.
- Hotel Reservation: worldwide hotel reservation and packages.
- Visa, Passport, Insurance and other related specialized services.
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.
Travels & Rentals IPO – Details
| IPO Opening Date | 29 August 2024 |
| IPO Closing Date | 02 September 2024 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | Total Issue Size: 30,60,000 Shares Worth ₹12.24 Crore Fresh Issue: 30,60,000 Shares Worth ₹12.24 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹40 |
| Market Lot | 3000 Shares |
| Min Order | 3000 Shares (1 Lot) |
| Listing At | BSE SME |
| Register | Cameo Corporate Services Limited |
| Retail Shares Offered | 50% |
| Other Shares Offered | 50% |
Travels & Rentals IPO – Date Schedule
| IPO Open Date | 29 August 2024 |
| IPO Close Date | 02 September 2024 |
| Basis of Allotment | 03 September 2024 |
| Initiation of Refund | 04 September 2024 |
| Credit of Shares to Demat Account | 04 September 2024 |
| IPO Listing Date | 05 September 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 02, 2024 |
Travels & Rentals IPO – Lots Size & Price
| 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 |
Competitive Strengths
- Established and proven track record;
- Leveraging the experience of company’s Promoters;
- Experienced management team and a motivated and efficient work force;
- Cordial relations with their customers;
- Quality Assurance & Control.
Company Promoters
- Mr. Devendra Bharat Parekh
- Mrs. Karuna Parekh
- Mrs. Anupama Singhi
- Mr. Tushar Singhi
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 | 2.90 | 1.99 | 0.69 | 7.55 |
| 31 March 2023 | 5.79 | 3.65 | 1.50 | 5.60 |
| 31 March 2024 | 8.03 | 3.84 | 2.96 | 4.70 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 26.72% |
| ROCE | 27.54% |
| Debt/Equity | 0.32 |
| RoNW | 20.06% |
| P/BV | 2.2 |
| PAT Margin (%) | 36.91 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 3.64 | 2.65 |
| P/E (x) | 10.98 | 15.11 |
Object Of The Issue
- Working Capital Requirement.
- General Corporate Expenses.
Travels & Rentals IPO Promoter Holding
| Pre Issue Share Holding | 86.48% |
| Post Issue Share Holding | 62.86% |
Travels & Rentals IPO Prospectus
Company Contact Information
| 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 Registrar
| Cameo Corporate Services Limited Phone: +91-44-28460390 Email: investor@cameoindia.com Website: https://ipo.cameoindia.com/ |
Travels & Rentals IPO Lead Manager(s)
| 1. Finshore Management Services Limited |
Travels & Rentals IPO FAQs
| What is Travels & Rentals IPO? Travels & Rentals IPO is a SME IPO. The issue is priced at ₹40 per equity share. The IPO is to be listed on BSE SME. |
| When Travels & Rentals IPO will open? The IPO is to open on 29 August 2024 for NII and Retail Investors. |
| What is Travels & Rentals IPO Investors Portion? The investors’ portion for Retail – 50% and NII – 50%. |
| How to Apply the Travels & Rentals IPO? You can apply Travels & Rentals IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Travels & Rentals IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Travels & Rentals IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Travels & Rentals IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Travels & Rentals IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Travels & Rentals IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Travels & Rentals IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Travels & Rentals IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Travels & Rentals IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Travels & Rentals IPO Size? Travels & Rentals IPO size is ₹12.24 Crore. |
| What is Travels & Rentals IPO Price Band? Travels & Rentals IPO Price Band is ₹40. |
| What is Travels & Rentals IPO Minimum and Maximum Lot Size for retail? The minimum bid is 3000 Shares with ₹1,20,000 amount while the maximum bid is 3000 Shares with ₹1,20,000. |
| What is the Travels & Rentals IPO Allotment Date? Travels & Rentals IPO allotment date is 03 September 2024. |
| What is the Travels & Rentals IPO Listing Date? Travels & Rentals IPO listing date is 05 September 2024. The IPO is to be listed on BSE SME. |
