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

Travels & Rentals IPO Lot Size

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:

1. General Corporate Purpose
2. 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)

Travels & Rentals IPO Reservation

Travels & Rentals IPO Timeline (Tentative Schedule)

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