Travels & Rentals Limited, a well-established name in the travel industry, is set to launch its Initial Public Offering (IPO) on August 29, 2024. This IPO is a fixed-price issue, offering investors a great opportunity to become part of a company with a strong market presence and growth potential.
Incorporated in 1996, Travels & Rentals Limited is one of the new and upcoming IPOs to invest in. The company provides comprehensive travel-related products and services, catering to both domestic and international clients. Its offerings include airline ticketing, hotel reservations, tour packages, travel insurance, and visa processing.
Below are the key details for the Travels & Rentals IPO, including the lot size and investment requirements:
| IPO details | Information |
| Travels & Rentals Limited IPO dates | August 29, 2024 to September 2, 2024 |
| Travels & Rentals Limited IPO listing date | September 5, 2024 |
| Face value | ₹10 per share |
| Price | ₹40 per share |
| Fresh issue | 30,600,00 shares (₹12.24 Crores) |
| Issue type | Fixed price issue IPO |
| Listing at | BSE SME |
| Shareholding (pre-issue) | 81,42,685 shares |
| Shareholding (post-issue) | 1,12,02,685 shares |
Here’s a breakdown of the minimum and maximum investment by retail investors and HNIs:
| Investor category | Application (lots) | Shares | Amount in ₹ |
| Retail (minimum) | 1 | 3,000 | ₹1,20,000 |
| Retail (maximum) | 1 | 3,000 | ₹1,20,000 |
| HNI (minimum) | 2 | 6,000 | ₹2,40,000 |
The following table outlines the key dates for the Travels & Rentals IPO:
| Event | Date |
| Travels & Rentals Limited IPO open date | Thursday, August 29, 2024 |
| Travels & Rentals Limited IPO close date | Monday, September 2, 2024 |
| Basis of allotment | Tuesday, September 3, 2024 |
| Initiation of refunds | Wednesday, September 4, 2024 |
| Listing date | Thursday, September 5, 2024 |
Founded in 1996, Travels & Rentals Limited offers a wide range of travel-related products and services, serving clients both domestically and internationally. Their services encompass airline ticket bookings, hotel reservations, tour packages, travel insurance, and visa assistance.
Travels & Rentals Private Limited has shown robust financial growth over the years. The company’s revenue increased by 39% in the financial year ending March 31, 2024, and profit after tax (PAT) rose by 97% in the same period. The EBITDA margin is 57.75%.
| 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 |
(Amount in ₹ Lakhs)
Here are a few strengths of the Travels & Rentals Private Limited IPO:
Here are a few limitations to look out for before investing in the Travels & Rentals Private Limited IPO:
Investing in the Travels & Rentals IPO presents a balanced mix of opportunities and challenges. On the one hand, the company’s strong financial performance and market position make it a compelling option for medium to long-term investors. On the other hand, the inherent risks associated with the travel industry, including market volatility and competition, should be carefully considered before making an investment decision.
The Travels & Rentals IPO offers investors an exciting opportunity to participate in IPO investment. While the company’s financial growth and industry standing are promising, potential investors should weigh the risks and rewards before making an investment decision. If you are looking for a medium—to long-term investment in a growing segment, the Travels & Rentals Limited IPO could be a suitable option.
The IPO price for Travels & Rentals Limited is set at ₹40 per share. This is a fixed-price issue, meaning the share price is predetermined and will not fluctuate during the IPO period.
The Travels & Rentals IPO will open on August 29, 2024, and close on September 2, 2024. The basis of allotment is expected to be finalised on September 3, 2024, with the initiation of refunds on September 4, 2024. The shares are scheduled to be listed on the BSE SME on September 5, 2024.
For retail investors, the minimum investment is ₹1,20,000, corresponding to 3,000 shares. The maximum investment amount is also ₹1,20,000, as retail investors are allowed to apply for only one lot of 3,000 shares.
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