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 |
Key Performance Indicator
The market capitalization of Travels & Rentals IPO is Rs 44.81 Cr.
KPI as of March 31, 2024.
Travels & Rentals IPO Promoter Holding
The promoters of the company are Mr. Devendra Bharat Parekh, Mrs. Karuna Parekh, Mrs. Anupama Singhi, and Mr. Tushar Singhi.
| KPI | Values |
| ROE | 26.72% |
| ROCE | 27.54% |
| Debt/Equity | 0.32 |
| RoNW | 20.06% |
| PAT Margin (%) | 36.91 |
| P/BV | 2.2 |
| Share Holding Pre-Issue | 86.48% |
| Share Holding Post Issue | 62.86% |
