Travels & Rentals Limited IPO And Its GMP IPO Details
| Detail | Description |
|---|---|
| IPO Date | August 29, 2024 to September 2, 2024 |
| Listing Date | - |
| Face Value | ₹ 10 per share |
| Price Band | ₹ 40 per share |
| Lot Size | 3,000 Shares |
| Total Issue Size | 30,60,000 shares (aggregating up to ₹ 12.24 Cr) |
| Fresh Issue | 30,60,000 shares (aggregating up to ₹ 12.24 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Shareholding pre issue | 81,42,685 |
| Share holding post issue | 1,12,02,685 |
| Market Maker portion | 1,53,000 shares Black Fox Financial |
About Travels & Rentals Limited IPO And Its GMP
Travels and Rentals Limited business was commenced in the year 1990 as a Partnership firm under the name “M/s. Travels & Rentals” by their the founding promoter, Mr. Devendra Bharat Parekh at a very miniature scale. Travels & Rentals 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.
Their Company had taken over the running business of Partnership Firm “M/s. Travels & Rentals” with all assets, liabilities, licenses, contracts, office space, trademarks, goodwill, tenancy rights etc. They are bestowed with more than 25 years of experience and presents India in a distinct manner by designing personalized tour packages. Their Company belongs to the Tourism and Hospitality sector of the Economy. Their Promoters aims at providing its customers with premium range of travel related activities and travel solutions with all services. They aim to expand our horizon and be globally available to deliver packages in each region.
EnNutrica IPO Reservation
Travels and Rentals Limited IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the Net Issue |
| Other Shares Offered | 50% of the Net Issue |
Objectives of Travels & Rentals IPO
The company proposes to utilize the funds which are being raised through this Issue towards the below-mentioned objects:
- 1. Working Capital Requirement
- 2. General Corporate Expenses
Travels & Rentals IPO Review
The company provides all travel/visa-related products and services under one roof. It has tie-up with LCCI and is registered with TAAI and IATO. The company has reported steady growth in its top and bottom lines for the reported periods. Based on FY24 earnings, the issue appears reasonably priced. Investors may park funds for medium to long term.
Travels & Rentals Limited IPO And Its GMP Financial Information
Latest Revenue
803.54
₹ Crore
Profit After Tax
296.55
₹ Crore
Net Worth
1,478.48
₹ Crore
Total Borrowing
470.94
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2024 | 2,469.85 | 803.54 | 296.55 | 1,478.48 | 470.94 | ||||
| 31 Mar 2023 | 1,647.11 | 579.06 | 150.64 | 741.52 | 560.97 | ||||
| 31 Mar 2022 | 1,334.29 | 290.59 | 69.01 | 490.88 | 755.41 | ||||
| Amount in ₹ Crore | |||||||||
IPO Estimated Listing Return
Based on the IPO Price of ₹40 (highest price band), the latest uploaded Grey Market Premium (GMP) of ₹20 and a lot size of 3000 shares.
Travels & Rentals Limited IPO And Its GMP GMP TREND (DAILY UPDATES)
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 2024-09-04 | ₹40 | ₹20.0 (50%) | - |
Travels & Rentals Limited IPO And Its GMP Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 26.72% |
| ROCE | 27.54% |
| Debt/Equity | 0.32 |
| RoNW | 0.32 |
| P/BV | 0.32 |
| PAT Margin (%) | 0.32 |
Frequently Asked Questions
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Competitive Strengths
Travels & Rentals Limited IPO And Its GMP IPO Timeline
| IPO Open Date | Thursday, August 29, 2024 |
| IPO Close Date | Monday, September 2, 2024 |
| Basis of Allotment | Tuesday, September 3, 2024 |
| Initiation of Refunds | Wednesday, September 4, 2024 |
| Credit of Shares to Demat | Wednesday, September 4, 2024 |
| Cut-off time for UPI mandate confirmation | Thursday, September 5, 2024 |
| Listing Date | Thursday, September 5, 2024 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹120,000 |
| Retail (Max) | 1 | 3000 | ₹120,000 |
| HNI (Min) | 2 | 6,000 | ₹240,000 |