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Travels & Rentals IPO

Listed Listed stocks

Travels & Rentals IPO Details

  • Bidding Date

    29-Aug-2024 to
    02-Sep-2024

  • Issue Size

    ₹12.24 Cr

  • Price Band

    ₹40

  • Allotment date

    03-Sep-2024

  • Listing date

    05-Sep-2024

  • Lot size

    3000

  • No. of shares

    30,60,000

  • Fresh issue/OFS

    ₹12.24 Cr /--

About Travels & Rentals Company

Travels & Rentals Limited was initially established as a partnership firm named "M/s. Travels & Rentals" in 1990 by the founding promoter, Mr. Devendra Bharat Parekh. The business was corporatized in 1996. In 2010, Travels & Rentals became a franchisee of Lufthansa City Center International GmbH (LCCI) and began operating under the "Business Plus Lufthansa City Center" brand in India in 2013. Travels & Rentals Limited operates in the tourism and hospitality sector, offering a comprehensive range of travel-related products and services. These include domestic and international air ticketing, customized inbound and outbound tour packages, worldwide hotel reservations, and ancillary services such as travel insurance, passport and visa processing, and tickets for various activities and attractions. The company has over 25 years of experience in the industry, and its association with Lufthansa City Center has strengthened its position as a reliable partner in corporate travel management in India.

Subscription Status

  • Category

    Status

  • QIBs

    --

  • NIIs

    --

  • Retail

    --

  • Others

    --

  • Total

    608.5x

Travels & Rentals Financials

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FAQs for Travels & Rentals IPO.

The issue size of Travels & Rentals is ₹12.24 Cr.

Travels & Rentals falls into Leisure & Recreation industry.

The Travels & Rentals IPO will be listed on NSE.

The open and close dates for the Travels & Rentals are 29-Aug-2024 & 02-Sep-2024.

The price band for the Travels & Rentals ipo is ₹40

The listing date of Travels & Rentals IPO is 05-Sep-2024.

The purpose of this IPO is to raise fresh capital.

Travels & Rentals total subscription ratio is 608.5X.

Key financial of the Travels & Rentals are:


Travels & Rentals FY-24 FY-23 FY-22
Revenue (₹ Cr) 7.53 5.67 2.85
EBIT (₹ Cr) 4.3 2.31 1.52
Proft after Tax (₹ Cr) 2.97 1.51 0.69
Debt (₹ Cr) 4.71 5.61 7.55
Net Worth (₹ Cr) 14.78 7.42 4.91
RoE (%) 20.06 20.32 14.06

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