Travels & Rentals is scheduled to hit the market on August 29, 2024 and close on September 2, 2024. Travels & Rentals plans to raise around ₹12.24 Cr through an IPO with a sale of up to 3,060,000 equity shares of ₹10 each. The Retail offered 50%, Other Shares Offered 50%.
Travels & Rentals Limited, established in 1996, specializes in providing a comprehensive range of travel-related products and services. The company offers airline tickets for both domestic and international flights, customized inbound and outbound tour packages, and worldwide hotel reservations. Additionally, it provides essential services such as travel insurance, visa and passport processing, and tickets for various activities and attractions.
With a robust network of travel agents across Europe, the USA, South and Southeast Asia, the Middle East, Africa, and Australia, Travels & Rentals is well-connected in the industry. The company holds accreditation from the International Air Transport Association (IATA) in Geneva, Switzerland, and is recognized by the Ministry of Tourism, Government of India. It is also a 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 IPO Details
Travels & Rentals IPO opens on August 29, 2024, and closes on September 2, 2024. The Listing date for Travels & Rentals IPO is on September 5, 2024. The price band for IPO is ₹40 per share and lot size of 3000 Shares.
| IPO Date | August 29, 2024 to September 2, 2024 |
| Listing Date | September 5, 2024 |
| Price | ₹40 per share |
| Lot Size | 3000 Shares |
| Issue Size | ₹12.24 Cr |
| Face Value | ₹10 per share |
Travels & Rentals IPO Tentative Timetable
Travels & Rentals opening date is August 29, 2024 and close date is September 2, 2024. The IPO allotment date is September 3, 2024. Therefund initiation of IPO is on September 4, 2024. The credit of shares in demat account is on September 4, 2024. The listing date is on September 5, 2024.
| Event | Date |
|---|---|
| IPO Opening | August 29, 2024 |
| IPO Closing | September 2, 2024 |
| IPO Allotment Date | September 3, 2024 |
| Refund Initiation | September 4, 2024 |
| Shares Credit to Demat | September 4, 2024 |
| Lisiting Date | September 5, 2024 |
Travels & Rentals IPO Lot Size
Lot Size of this IPO is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹120,000).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 3000 | ₹120,000 |
| Retail(Maximum) | 1 | 3000 | ₹120,000 |
| HNI (Minimum) | 2 | 6000 | ₹240,000 |
Travels & Rentals IPO Promoter Holding
| Pre Issue Share Holding | 86.48% |
| Post Issue Share Holding | 62.86% |
Travels & Rentals IPO Review
Lufthansa City Center Travels and Rentals, located in the heart of Kolkata, India, has been providing excellent travel services since 1987. They serve a variety of clients across different industries, including chemicals, tea, oil and minerals, steel, engineering, IT, healthcare, refractories, finance, food processing, media and entertainment, fashion, real estate, consulates, and chambers. Their focus is on delivering valuable travel solutions supported by complete travel assistance.
The company is led by Mr. Devendra Bharat Parekh, who plays a key role in making important decisions for the business.
Financially, Travels & Rentals has shown strong growth. Their revenue increased from ₹290.59 Lakhs in FY22 to ₹579.06 Lakhs in FY23 and is currently at ₹803.54 Lakhs in FY24. Similarly, their EBITDA rose from ₹157.49 Lakhs in FY22 to ₹238.00 Lakhs in FY23 and is now at ₹434.79 Lakhs in FY24. The profit after tax (PAT) also grew from ₹69.01 Lakhs in FY22 to ₹150.64 Lakhs in FY23 and is currently at ₹296.55 Lakhs in FY24. This shows a consistent financial performance.
For their IPO, the company is offering shares with a pre-issue earnings per share (EPS) of ₹3.64 and a post-issue EPS of ₹2.64. The pre-issue price-to-earnings (P/E) ratio is 10.99x, while the post-issue P/E ratio is 15.15x compared to the industry average of 32.05x. The company's return on capital employed (ROCE) for FY24 is 27.54%, and the return on equity (ROE) is 26.72%. These numbers suggest that the IPO is reasonably priced.
The grey market premium (GMP) indicates that there could be listing gains of 40% to 50%. Looking at the company's financial results and the IPO valuation, we suggest that investors should apply for the Travels & Rentals Limited IPO. This could provide good listing gains or serve as a long-term investment option.
Travels & Rentals IPO Subscription Status (Bidding Details)
Table not foundTravels & Rentals IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
Travels & Rentals IPO FAQs
What is Travels & Rentals IPO?
Travels & Rentals is issuing 3,060,000 equity shares with a face value of ₹10 each, totaling up to ₹12.24 Cr. The shares are being offered at a price of ₹40 each, with a minimum order quantity of 3000 shares.
Cameo Corporate Services Limited is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Travels & Rentals IPO will open?
Travels & Rentals will open on August 29, 2024 for QIB, NII, and Retail Investors.
When Travels & Rentals IPO will end?
Travels & Rentals will end on September 02, 2024.
What is Travels & Rentals IPO Size?
Travels & Rentals IPO size is ₹12.24 Cr.
What is Travels & Rentals IPO Price Band?
Travels & Rentals price band is ₹40 per share.
What is the Travels & Rentals IPO Allotment Date?
Travels & Rentals allotment date is September 03, 2024.
What is the Travels & Rentals IPO Listing Date?
Travels & Rentals listing date is September 05, 2024. The IPO is to be listed on BSE and NSE.
How to Travels & Rentals IPO through Zerodha?
To apply for the IPO “Travels & Rentals” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply Travels & Rentals IPO through Upstox?
To apply for the IPO “Travels & Rentals” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check Travels & Rentals IPO Allotment Status?
For Travels & Rentals IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Travels & Rentals IPO GMP?
You can check out here: Travels & Rentals IPO GMP. Check all IPO GMP here.