Travels & Rentals IPO will open for subscription from 29 August 2024. The company aims for an issue size of ₹12.24 Cr through this IPO.
Company Overview
| Full name | Travels & Rentals Limited |
| Sector | Hospitality |
| Industry | Travel Services |
| Company Website | https://www.travelsandrentals.in/ |
About Company
Travels & Rentals has been a franchisee of Lufthansa City Center International GmbH (LCCI) since 2010, operating under the name “Business Plus Lufthansa City Center” in India since 2013. LCCI boasts a global network of travel agency franchises in 580 locations across 105 countries. As a franchisee of Lufthansa City Center, the company is authorized to utilize the brand name for its business activities. Recently, the company has also signed a Sales and Marketing Agreement with Group Voyagers Inc., known for the trade names Globus, Cosmos, and Avalon Waterways (“Globus family of brands”), to sell their travel products in India.
Travels & Rentals provides a wide range of travel-related products and services, including airline tickets, hotels, packages, and rail tickets, as well as additional services like travel insurance, passport & visa processing, and tickets for activities and attractions. They are accredited by IATA, recognized by the Ministry of Tourism, and the Government of India, and are members of TAAI and IATO. The key services offered by the company include Travel Planning & Support, Travel Account Management, Visa, Passport, and other documentation services, MIS Reporting, APAC & MEA Hub Services, VIP Travel Services, 24/7 Travel Support, and Post Travel Analysis and Reporting.
The Objectives of the Issue
- Working Capital Requirement
- General Corporate Expenses
Travels & Rentals IPO Timetable
| IPO Opening date | 29 August 2024 |
| IPO Closing | 02 September 2024 |
| Basis of Allotment | 03 September 2024 |
| Initiation Refund | 04 September 2024 |
| Credit to Demat Account | 04 September 2024 |
| Listing Date | 05 September 2024 |
Travels & Rentals IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹12.24 Cr – 3,060,000 shares |
| Fresh Issue | ₹12.24 Cr – 3,060,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer Price | ₹40 per share |
| Lot size | 3000 Shares |
| Market Maker portion | 153,000 shares |
| Shareholding pre-issue | 8,142,685 |
| Shareholding post-issue | 11,202,685 |
| Listing Exchange | BSE SME |
Travels & Rentals IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹120,000 |
| Retail (Max) | 1 | 3000 | ₹120,000 |
| HNI (Min) | 2 | 6,000 | ₹240,000 |
Travels & Rentals Offer Documents
Travels & Rentals IPO Reservation Details
Travels & Rentals IPO offers 30,60,000 shares. 14,53,500 (47.5%) to NII, 14,53,500 (47.5%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | – |
| Market Maker Shares Offered | 1,53,000 (5%) |
| Other Shares Offered | 14,53,500 (47.5%) |
| Retail Shares Offered | 14,53,500 (47.5%) |
| Total Shares Offered | 30,60,000 (100%) |
Travels & Rentals Financial Performance
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 2.00 | 2.85 | 5.67 | 7.53 |
| Expenses | 2.01 | 2.00 | 3.65 | 3.84 |
| Net income | 0.03 | 0.7 | 1.51 | 2.97 |
Travels & Rentals Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | |
| EPS | 0.06 | 1.12 | 2.14 | 3.64 |
| PE ratio | – | – | – | 10.99 |
| RONW (%) | 0.87 | 14.06 | 20.31 | 20.06 |
| NAV | 6.84 | 7.96 | 10.53 | 18.16 |
| ROCE (%) | 7.70 | 15.11 | 22.33 | 27.54 |
| EBITDA (%) | 46.10 | 55.20 | 41.97 | 57.75 |
| Debt/Equity | 1.97 | 1.54 | 0.76 | 0.32 |
Company Promoters
- Mr. Devendra Bharat Parekh
- Mrs. Karuna Parekh
- Mrs. Anupama Singhi
- Mr. Tushar Singhi.
Promoter Holding
| Pre Issue Share Holding | 86.48% |
| Post Issue Share Holding | 62.86% |
Travels & Rentals Offer GMP Update
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 2 September 2024 | 18 | – | 21,000 |
| 31 August 2024 | 17 | – | 18,000 |
| 30 August 2024 | 15 | – | 18,000 |
| 29 August 2024 | 12 | – | 16,000 |
| 28 August 2024 | 12 | – | 16,000 |
| 27 August 2024 | 10 | – | 12,000 |
Travels & Rentals IPO Subscription Update
Coming Soon
Travels & Rentals IPO Allotment Status
Travels and Rentals IPO allotment status will be available on Cameo Corporate Services’ website. Click on Cameo Corporate Services weblink to get allotment status.
Travels & Rentals IPO Listing Details
| Listing Date | 05 September 2024 |
| BSE Scrip Code | Coming Soon |
| NSE Symbol | |
| ISIN | |
| Final Issue Price |
Listing Day Update
| Listing Exchange | BSE SME |
| Final Issue Price | Coming Soon |
| Open | |
| Low | |
| High | |
| Last Trade |
Travels & Rentals IPO Lead Manager(s)
FINSHORE MANAGEMENT SERVICES LIMITED
Anandlok Building, Block-A, 2nd Floor, Room No. 207, 227
A.J.C Bose Road, Kolkata-700020, West Bengal, India
Phone: +91 33 4603 2561
Email: info@finshoregroup.com
Website: www.finshoregroup.com
Travels & Rentals Registrar
CAMEO CORPORATE SERVICES LIMITED
“Subramanian Building”, No. 01, Club House Road,
Mount Road, Chennai – 600 002, Tamil Nadu
Phone: +91-44-40020700
Email: ipo@cameoindia.com
Website: www.cameoindia.com
Travels & Rentals Contact Details
TRAVELS & RENTALS LIMITED
161, Lenin Sarani, Dharmatala, Kolkata – 700013,
West Bengal, India
Phone: +91 33 4000 0777
E-mail: cs@travelsandrentals.com
Website: www.travelsandrentals.in
Travels & Rentals IPO FAQs
What is the Travels and Rentals offer size?
Travels and Rentals offer size is ₹ 12.24 crores.
What is the Travels and Rentals offer price band?
Travels and Rentals public offer price is ₹ 40 per share.
What is the lot size of the Travels and Rentals IPO?
Travels and Rentals offer a lot size is 3,000 shares.
What is Travels and Rentals IPO GMP today?
Travels and Rentals IPO GMP today is ₹ 18 per share.
What is the Travels and Rentals kostak rate today?
Travels and Rentals kostak rate today is ₹ NA per application.
What is Travels and Rentals Subject to the Sauda rate today?
Travels and Rentals is Subject to the Sauda rate today is ₹ 21,000 per application.
Final thoughts
Travels & Rentals IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
