Travels & Rentals Limited
Fixed Price IPO · BSE
- Price band
- ₹40 - ₹40
- Lot size
- 3,000 shares
- Issue amount
- ₹12.24 cr
- Total subscription
- 592.39×
- Opens
- 29 Aug 2024
- Closes
- 2 Sept 2024
- Allotment
- 3 Sept 2024
- Listing
- 5 Sept 2024
Offer at a glance
Issue overview
- Issue size
- 30,60,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,20,000
- Fresh issue
- ₹12.24 cr
- Offer for sale
- ₹0 cr
- Registrar
- Cameo Corporate Services Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,20,000
- Issue type
- Fixed Price IPO
- Shares before issue
- 81,42,685
- Shares after issue
- 1,12,02,685
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 3,000 | ₹1,20,000 |
| HNI | 2 | 6,000 | ₹2,40,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| RETAIL | 5.82 | 2,500.2 |
Financial performance
Company financials
In Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 3.64 | 2.14 | 1.12 |
| ROE | 26.72 | 24.45 | 15.12 |
| ROCE | 27.54 | 22.33 | 15.11 |
| RONW | 20.06 | 20.31 | 14.06 |
| PRE IPO(PE) | 10.98 | 0 | 0 |
| POST IPO(PE) | 15.11 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Incorporated in 1996, Travels & Rentals Limited is a comprehensive travel solutions provider offering airline ticketing, customizable inbound and outbound tour packages, hotel reservations, visa and passport processing, travel insurance, and activity tickets. With a global network of travel agents across Europe, the USA, South and Southeast Asia, the Middle East, Africa, and Australia, the company is accredited by IATA, recognized by the Ministry of Tourism, and a member of TAAI and IATO. As of March 31, 2024, Travels & Rentals employs 58 professionals dedicated to delivering exceptional travel experiences.
Strengths
- Proven Success and Trustworthy Reputation: Years of successful performance build confidence and guarantee effective strategies.
- Knowledgeable Leadership: Experienced promoters with industry expertise bring valuable insights for business growth.
- Strong Team and Leadership: Skilled management and dedicated staff work together to boost productivity and success.
Risk factors
- Legal Issues: Ongoing legal matters with the company or its partners could harm our business, operations, and financial health.
- Tough Competition: The travel industry is highly competitive, making it harder to maintain or grow our market share.
- Negative Cash Flow: Consistent negative cash flow recently may hurt our financial stability and daily operations.
Promoters
Mr. Devendra Bharat Parekh
Mrs. Karuna Parekh
Mrs. Anupama Singhi
Mr. Tushar Singhi
Registrar & documents
Lead manager
Finshore Management Services Limited
Registrar & contacts
Cameo Corporate Services Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
161, Lenin Sarani, Dharmatala, Kolkata - 700013
+91 33 40000777
[email protected]Company website ↗Understanding TRAVELS IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.