Wagons Learning IPO: A Comprehensive Overview...
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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.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Travels & Rentals Limited IPO And Its GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 2024-09-04 | 40 | 20.0 (50%) | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Travels & Rentals Limited IPO And Its GMP 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 | 3000 Shares |
| Total Issue Size | 3,060,000 shares (aggregating up to ₹12.24 Cr) |
| Fresh Issue | 3,060,000 shares (aggregating up to ₹12.24 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Shareholding pre issue | 8,142,685 |
| Share holding post issue | 11,202,685 |
| Market Maker portion | 153,000 shares Black Fox Financial |
Travels & Rentals Limited IPO And Its GMP Timeline
| Detail | Description |
|---|---|
| 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 |
Travels & Rentals Limited IPO And Its GMP Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹120,000 |
| Retail (Max) | 1 | 3000 | ₹120,000 |
| HNI (Min) | 2 | 6,000 | ₹240,000 |
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 Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 86.48% | 62.86% |
Competitive Strength:
- -
Travels & Rentals Limited IPO And Its GMP Financial Information
| Period Ended | Assets | Revenue | 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 | ||||||||||||||||||||||||||||||||||||||||
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 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | ||
| P/E (x) |
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.
RHP:
DRHP:
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Frequently asked Questions (FAQs )
-
When Travels & Rentals IPO will open for subscription?
The IPO is to open on August 29, 2024 for QIB, NII, and Retail Investors. The IPO will close on September 2, 2024.
-
What is Travels & Rentals IPO Investors Portion?
The investors’ portion for QIB is [.]%, NII is 50%, and Retail is 50%.
-
What is Travels & Rentals Issue Size?
Travels & Rentals issue size is ₹12.24 crores.
-
What is Travels & Rentals IPO Price Band?
Travels & Rentals IPO Price Band is ₹40.
-
What is Travels & Rentals IPO Price Band?
Travels & Rentals IPO Price Band is ₹40.
