Travels & Rentals Limited is a Kolkata based travel management company, has planned to raise ₹12.24 crpre through the public issue. Travels & Rentals IPO is going to be open to the public on August 29, 2024 and the closing date of the IPO is September 2, 2024. The share allotment date of the Travels & Rentals Limited IPO is September 3, 2024 and the listing date is September 5, 2024. Travels & Rentals IPO is a fresh-issue and SME Fixed Price Issue initial public offering (IPO), with a total fresh issue size of ₹12.24 crore for 30 lakh shares. The price band of the Travels & Rentals Limited IPO is set at ₹40 per share and the lot size is 3,000 shares per lot. Travels & Rentals IPO will be listed on BSE SME.
You will find all the information regarding the company and its IPO on this page. This page will be updated regularly with the latest updates regarding the Travels & Rentals Limited IPO.
Table of Contents
Travels & Rentals IPO Details
| IPO Date | August 29, 2024 to September 2, 2024 |
| Listing Date | Thursday, September 5, 2024 |
| Face Value | ₹10 per share |
| Price | ₹40 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | ₹12.24 crore for 30,60,000 shares |
| Fresh Issue | ₹12.24 crore for 30,60,000 shares |
| Issue Type | Fixed Price Issue IPO |
| Overall Subscription | 590.71x |
| Listing At | BSE SME |
| Retail Shares Offered | 50% of the Net Issue |
| Other Shares Offered | 50% of the Net Issue |
Travels & Rentals IPO Important Dates
The opening date of the Travels & Rentals IPO is Thursday, August 29, 2024 and the closing date is Monday, September 2, 2024. The basic allotment date of the IPO is Tuesday, September 3, 2024 and the listing date is Thursday, September 5, 2024.
All the important dates regarding the Travels & Rentals Limited IPO are mentioned below. Mark them on your calendar so you don’t miss any events.
| 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 |
| Listing Date | Thursday, September 5, 2024 |
Travels and Rentals IPO GMP Today
According to the subscription rate the last updated Grey Market Premium (GMP) for the Travels & Rentals Limited IPO is up to ₹37. The offering price for the Travels & Rentals IPO is ₹40 per share.
The following table displays the trend of Travels & Rentals Limited IPO’s GMP over the past few days.
| GMP Date | IPO Price | GMP Price |
| September 4, 2024 | ₹40 | ₹37 |
| September 3, 2024 | ₹40 | ₹36 |
| September 2, 2024 | ₹40 | ₹36 |
| September 1, 2024 | ₹40 | ₹16 |
| August 31, 2024 | ₹40 | ₹17 |
| August 30, 2024 | ₹40 | ₹24 |
| August 29, 2024 | ₹40 | ₹24 |
| August 28, 2024 | ₹40 | ₹24 |
| August 27, 2024 | ₹40 | ₹25 |
Travels & Rentals IPO Lot Size
Travels & Rentals Limited IPO offers a minimum of 3,000 shares per lot. Retail investors can apply for a minimum of 1 lot and a maximum of 1 lot, while high-net-worth individuals (HNIs) can apply for a minimum of 2 lots and a maximum of 4 lots.
The below table represents the future of minimum and maximum investment for retail investors and HNI concerning shares and amounts.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,20,000 |
| Retail (Max) | 1 | 3,000 | ₹1,20,000 |
| HNI (Min) | 2 | 6,000 | ₹2,40,000 |
| HNI (Max) | 4 | 12,000 | ₹4,80,000 |
Travels & Rentals IPO Promoter Holdings
| Share Holding Pre Issue | 86.48% |
| Share Holding Post Issue | 62.86% |
Travels & Rentals IPO Shares Offered Quota
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the Net Issue |
| Other Shares Offered | 50% of the Net Issue |
How to Apply Travel IPO?
One can apply for Travels & Rentals Limited IPO through Internet Banking and Angel One App. Follow the step by step guide to apply for Travels & Rentals IPO.
Net Banking:
- Login to Internet Banking: Access your Internet banking account using your credentials.
- Browse to the IPO Section: Once logged in, go to the ‘Investments’ or ‘IPO’ section.
- Select the “Travels & Rentals IPO”: Locate and select the Travels & Rentals Limited IPO from the list of available IPOs.
- Fill out the IPO bid form: Enter the required details, such as your bid quantity, price, CDSL ID, and DP account information.
- Make Payment and Confirm Application: Complete the payment process as per the instructions and submit your application. If the IPO is not allotted to you, you will receive a full refund.
Angel One:
Here’s a step-by-step guide for applying to the Travels & Rentals IPO using the Angel One app:
- Install the Angel One app:
- Click here to Download the Angel One app from the App Store (for iOS) or Google Play Store (for Android).
- Install and open the app on your device.
- Create an Account: or Log In to Your Account:
- Open the Angelone app.
- Tap on “Sign Up” or “Create Account.” After creating your account, log in using your username and password.
- Navigate to the IPOs section:
- Once logged in, look for the “IPOs” option on the main dashboard or menu.
- Select Travels & Rentals Limited IPO and then click on “Apply Now.”
- Choose the lot size you want to apply for.
- Enter your UPI ID, where the payment for the IPO will be processed.
- Click on “Apply for IPO.”
- Review your application details and click on “Apply for IPO” for the last step confirmation.
By following these steps, you will have successfully applied for the Travels & Rentals Limited IPO through the Angel One app
About Travels & Rentals Limited
Travels & Rentals Limited is a Kolkata-based travel management company founded in 1984. The promoters of the company are Mr. Devendra Bharat Parekh, Mrs. Karuna Parekh, Mrs. Anupama Singhi, and Mr. Tushar Singhi. The company offers travel solutions, including flight tickets, visa services, bus bookings, hotel reservations, guest house and resort bookings, tour packages, and restaurant dining. The head office of the company is in 161, Lenin Sarani, Parekh House, Kolkata, PIN Code-700013. Travels & Rentals Limited Financial Reports show revenue increased by 38.87% from FY2023 to FY2024, PAT almost doubled with a 96.82% increase and 16.11% decrease in debt from FY2023 to FY2024.
Travels & Rentals Limited Financial Reports
Travels & Rentals Limited Financial Reports show revenue increased by 38.87% from FY2023 to FY2024, PAT almost doubled with a 96.82% increase and 16.11% decrease in debt from FY2023 to FY2024.
| Financial Metric | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|
| Assets | ₹24.70 crore | ₹16.47 crore |
| Revenue | ₹8.04 crore | ₹5.79 crore |
| Profit After Tax | ₹2.97 crore | ₹1.51 crore |
| Debts | ₹4.71 crore | ₹5.61 crore |
Percentage Change Analysis
| Financial Metric | 31 Mar 2024 | 31 Mar 2023 | Percentage Change |
|---|---|---|---|
| Total Borrowing | ₹4.71 crore | ₹5.61 crore | -16.11% |
| Revenue | ₹8.04 crore | ₹5.79 crore | +38.87% |
| Profit After Tax | ₹2.97 crore | ₹1.51 crore | +96.82% |
Key Performance Indicator Of Travels & Rental Limited
| KPI | 31 Mar 2024 | 31 Mar 2023 | Change (%) |
|---|---|---|---|
| Revenue Growth | ₹8.04 crore | ₹5.79 crore | +38.87% |
| Profit After Tax (PAT) | ₹2.97 crore | ₹1.51 crore | +96.82% |
| Net Profit Margin | 36.94% | 26.07% | +10.87% |
| PAT Margin | 36.91% | N/A | N/A |
| Return on Equity (ROE) | 26.72% | 20.36% | +6.36% |
| Return on Capital Employed (ROCE) | 27.54% | N/A | N/A |
| Return on Net Worth (RoNW) | 20.06% | N/A | N/A |
| Price-to-Book Value (P/BV) | 2.2 | N/A | N/A |
| Total Borrowing | ₹4.71 crore | ₹5.61 crore | -16.11% |
| Debt-to-Equity Ratio | 0.32 | 0.76 | -57.89% |
| Return on Assets (ROA) | 12.01% | 9.14% | +2.87% |
| Return on Equity (ROE) | 20.09% | 20.36% | -0.27% |
Travels & Rentals Limited Contact Details
161, Lenin Sarani, Dharmatala
Kolkata, PIN 700013,
Phone: +91-3340000777
Email: [email protected]
FAQs
1. What is the GMP price of the Travels & Rentals Limited IPO?
The current GMP price of the Travels & Rentals IPO is ₹37.
2. On which exchange will the Travels & Rentals Ltd IPO be listed?
Travels & Rentals IPO shares are to be listed on the BSE SME.
3. When is the allotment date for the Travels & Rentals Ltd. IPO?
The allotment date of the Travels & Rentals Limited IPO is September 3, 2024.
4. What are the opening and closing dates of the Travels & Rentals IPO?
The Travels & Rentals IPO will open on August 29, 2024 & close on September 2, 2024.
5. When is the listing date for the Travels & Rentals Limited IPO?
Travels & Rentals IPO’s listing date is September 5, 2024.
Conclusion
Travels & Rentals Limited is a Kolkata-based travel management company offers flight tickets, visa services, bus bookings, hotel reservations, guest house and resort bookings, tour packages, and restaurant dining services. Travels & Rentals Limited Financial Reports show revenue increased by 38.87% from FY2023 to FY2024, PAT almost doubled with a 96.82% increase and 16.11% decrease in debt from FY2023 to FY2024. The financial performance indicate better cost management and profitability of the company. It’s a strong data to invest in Travels & Rentals Limited IPO. Overall, the company is expanding well, so it should be good choice for investors to invest in this IPO.
To get more information and regular updates on the Travels & Rentals IPO, keep in touch with The Invest Advisory.