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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 /--
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.
Category
Status
QIBs
--
NIIs
--
Retail
--
Others
--
Total
608.5x
| Name | Price Band (Rs) | Bidding Date |
|---|---|---|
| Emiac Technologies | 93 - 98 | 27-Mar-2026 to 08-Apr-2026 |
| Safety Controls & Devices | 75 - 80 | 06-Apr-2026 to 08-Apr-2026 |
| Vivid Electromech | 528 - 555 | 25-Mar-2026 to 30-Mar-2026 |
| Amir Chand Jagdish Kumar (Exports) | 201 - 212 | 24-Mar-2026 to 27-Mar-2026 |
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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