IPO

Travels & Rentals Ltd. IPO

Travels & Rentals Ltd., established in 1996, operates in the Tours & Travels sector. The company's IPO opened on August 29, 2024 and closed on September 2, 2024, with an issue price of ₹40. The ... Read more

Min Investment
₹ 1,20,000 / 3000 shares
Price Range
₹40
Bidding Dates
29 Aug '24 - 2 Sep '24
Total Issue Value
12.24 Cr
Lot Size
3,000
Total Issue Size
12.24 Cr
Listing At
BSE SME
Subscription
577.19 times
BSE Price
95.40 (138.5%)

IPO Timeline

  • 29 Aug 2024
    Bidding Starts
  • 2 Sep 2024
    Bidding Ends
  • 3 Sep 2024
    Allotment Finalization
  • 5 Sep 2024
    Listing

About Travels & Rentals Ltd.

Travels & Rentals Limited 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 ... Read more

Parent organisation
Founded
Travels & Rentals Ltd.
1996

Travels & Rentals Ltd. IPO Reservation

Investors Category Shares Offered
Market Makers 1,53,000 (5%)
Non Institutional Investors 14,52,000 (47.45%)
Retail Individual Investors (RIIs) 14,55,000 (47.55%)

Travels & Rentals Ltd. Financial Information

Year End Revenue PAT Reserves & Surplus
31 Mar 2024 8.04 Cr 2.97 Cr 6.64 Cr
31 Mar 2023 5.79 Cr 1.51 Cr 5.40 Cr
31 Mar 2022 2.91 Cr 69.01 Lakh 3.15 Cr

Travels & Rentals Ltd. Background

Our Company was originally incorporated as a Private Limited Company in the name of “Travels & Rentals Private Limited” on September 23, 1996 under the provisions of the Companies Act, 1956 bearing Corporate Identification Number U60221WB1996PTC081439 issued by the Registrar of ...

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Major Events And Milestones
  • 1996
    o Incorporation of Private Limited Company in the name of M/s. Travels & Rentals Private Limited
  • 2010
    o Entered into “Franchisee Umbrella Agreement” with Lufthansa City Centre International GmbH
  • 2013
    o Entered into “License Agreement – Business Plus – International” with Lufthansa City Centre International GmbH
  • 2018
    o Joined “Affiliate and Travel Consultant Programme” with Lufthansa City Centre International GmbH
  • 2024
    o Converted to Public Limited Company and the name of our company changed to “Travels & Rentals Limited”
Travels & Rentals Ltd. Object of Issues

1. Working Capital Requirement
2. General Corporate Expenses

Travels & Rentals Ltd. IPO Listing Details
Listing Date
5 Sep 2024
BSE Script Code
TRAVELS
ISIN
INE0SG001011
Final Issue Price
₹ 40
Travels & Rentals Ltd. Listing Day Trading Information
Pricing Details BSE NSE
Issue Price ₹ 40.00 -
Open ₹ 55.00 -
Low ₹ 52.25 -
High ₹ 57.75 -
Last Trade ₹ 57.75 -
Travels & Rentals Ltd. Company Promoters

1. Mr. Devendra Bharat Parekh
2. Mrs. Karuna Parekh
3. Mrs. Anupama Singhi
4. Mr. Tushar Singhi

Industry Overview

According to WTTC, India is ranked 10th among 185 countries in terms of travel & tourism’s total contribution to GDP in 2019. According to WTTC, the contribution of India's travel and tourism sector to India's economy was worth Rs. 15.9 trillion (US$ 191.25 billion) in 2022.

... Read more

Travels & Rentals Ltd. Contact Details
Address: 161, Lenin Sarani, Dharmatala, Kolkata West Bengal - 700013
Phone no:40000777
40000777
|
Travels & Rentals Ltd. IPO Registrar
Cameo Corporate Services Ltd.
"Subramanian Building", #1, Club House Road, Chennai (Madras) Tamil Nadu - 600002
40020700, 28460390
Travels & Rentals Ltd. IPO Lead Manager(s)
Finshore Management Services Ltd.
Anandlok, Block-A, 2nd Floor, Room No. 207, 227 A.J.C. Bose Road, Kolkata West Bengal - 700020
22895101

FAQs

When does Travels & Rentals Ltd. IPO opens and closes?

Travels & Rentals Ltd. IPO opens from 29th August to 2nd September 2024.

What is the size of Travels & Rentals Ltd. IPO?

The size of the Travels & Rentals Ltd. IPO is ₹12.24 Cr.

What is the minimum investment and lot size required for the Travels & Rentals Ltd. IPO?

The minimum investment required is ₹1,20,000 and minimum lot size is 3000 shares.

When is Travels & Rentals Ltd. IPO listing date?

The Travels & Rentals Ltd. IPO will be listed on 5th September 2024.

What is the objective of Travels & Rentals Ltd. IPO?

1. Working Capital Requirement
2. General Corporate Expenses

Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article

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