Travels & Rentals Limited IPO

NiftyTrader • August 27, 2024

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Travels & Rentals Limited IPO

Travels & Rentals Limited IPO opens on August 29, 2024, and closes on September 2, 2024. The allotment for the Travels & Rentals Limited IPO is anticipated to be completed on Tuesday, September 3, 2024. The IPO will be tentatively listed on the SME and BSE on Thursday, September 5, 2024.

The Travels & Rentals Limited IPO’s price band is Rs 40 per share. The IPO is a book-built issue of Rs 12.24 crores. crores, an entirely new issue of 30.6 lakh shares.

Travels & Rentals IPO Details

IPO Date	August 29, 2024 to September 2, 2024
Listing Date	[.]
Face Value	₹10 per share
Price	₹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
Shareholding post-issue	11,202,685
Market Maker portion	153,000 shares

Travels & Rentals IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	1	3000	₹120,000
Retail (Max)	1	3000	₹120,000
S-HNI (Min)	2	6000	₹240,000

Objects of the Issue (Travels & Rentals IPO Objectives)

The company proposes to utilize the funds that are being raised through this Issue towards the below-mentioned objects:

General Corporate Purpose
Working Capital Requirement

About Travels & Rentals Limited

Established in 1996, Travels & Rentals Limited is a comprehensive travel solutions provider, specializing in a diverse range of services including airline ticketing for both domestic and international flights, customized tour packages, and worldwide hotel reservations. The company also offers essential travel services such as visa and passport processing, insurance, and tickets for various activities and attractions. With a robust network of travel agents spanning Europe, the USA, South and Southeast Asia, the Middle East, Africa, and Australia, Travels & Rentals Limited is well-positioned in the global market. It holds accreditation from the International Air Transport Association (IATA) and recognition from the Ministry of Tourism, Government of India, and is an active member of the Travel Agent Association of India (TAAI) and the Indian Association of Tour Operators (IATO). As of March 31, 2024, the company employs 58 staff members.

Travels & Rentals Limited Financial Information (Restated)

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	2,469.85	1,647.11	1,334.29
Revenue	803.54	579.06	290.59
Profit After Tax	296.55	150.64	69.01
Net Worth	1,478.48	741.52	490.88
Reserves and Surplus	664.21	540.33	314.69
Total Borrowing	470.94	560.97	755.41
			Amount in ₹ Lakhs

Travels & Rentals IPO Reservation

Investor Category	Shares Offered
Other Shares Offered	50% of the Net Issue
Retail Shares Offered	50% of the Net Issue

Travels & Rentals IPO Timeline (Tentative Schedule)

Travels & Rentals IPO opens on August 29, 2024, and closes on September 2, 2024.

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
A credit of Shares to Demat	Wednesday, September 4, 2024
Listing Date	Thursday, September 5, 2024
Cut-off time for UPI mandate confirmation	5 PM on September 2, 2024