September 5, 2024
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Travels & Rentals IPO GMP grey market premium, review, Subscription, allotment, listing estimate @
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Travels & Rentals listing Review
Travels & Rentals IPO allotment Link
What is the latest grey market premium of Travels & Rentals IPO?
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Subscription status of Travels & Rentals IPO
Travels & Rentals IPO (Closed)Price Rs. 40 Lot 3000 shares, Rs. 56.10 Crore | ||||
| QIB | NII x | RII x | Total x | Applications |
| 754.64 | 429.90 | 608.46 | 258337 (532.65x) | |
| Amount wise bids recd. Rs. 34134.61 Crore | ||||
| Note: | ||||
What is the business of Travels & Rentals?
Travels & Rentals Limited has also taken franchisee of Lufthansa City Center International GmbH (LCCI) since 2010 and has been granted right to operate under “Business Plus Lufthansa City Center” in India in the year 2013. LCCI has world wide travel agency franchisee network in around 580 locations in 105 countries. Being a franchisee of Lufthansa City Center, it is authorized to use the brand name of Lufthansa City Center of its business activities. Recently this year, the company has entered into Sales and Marketing Agreement with Group Voyagers Inc. [registered under the trade names of Globus, Cosmos and Avalon Waterways (“Globus family of brands”)] for the sale of Globus family of brands travel products in India. Travels & Rentals offers a comprehensive range of travel-related products and services for end-to-end travel solutions, including airline tickets, hotels and tour packages, rail tickets as well as ancillary value-added services such as travel insurance, passport & visa processing and tickets for activities and attractions. The company is bestowed with more than 25 years of experience and presents India in a distinct manner by designing personalised tour packages. It is accredited by IATA (International Air Transport Association, Geneva, Switzerland), recognized by Ministry of Tourism, Government of India, member of TAAI (Travel Agent Association of India) and member of IATO (Indian Association of Tour Operators).
Get more information about the company @ : https://www.travelsandrentals.in/
Travels & Rentals IPO Details | |
| IPO opens on | 29 August 2024 |
| IPO closes on | 2 September 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 3060000 Shares / Rs 12.24 Crore |
| * Fresh Issue | 3060000 Shares / Rs 12.24 Crore |
| * Offer for Sale – | – shares / Rs. – crore |
| Market Maker Portion | 153000 Shares |
| Net offer to Public | 2907000 Shares/ Rs.11.63 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs.40 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 3000 Shares |
| Listing will at | BSE SME |
Shares offered in IPO | ||
| Shares | Rs. (Crore) | |
| QIB (0%) | – | – |
| NII (50%) | 1453500 | 5.81 |
| RII (50%) | 1453500 | 5.81 |
| Total Shares | 2907000 | 11.63 |
| Retail portion will be oversubscribed by | 485 | |
| Forms | ||
| How much Shares to Apply in this IPO? | ||
| Min Retail Application | 3000 Shares | Rs.120000 |
| Min HNI Application | 6000 Shares | Rs.240000 |
Who are the Promoters of Travels & Rentals IPO?
The promoters of the company are Mr. Devendra Bharat Parekh, Mrs. Karuna Parekh, Mrs. Anupama Singhi, and Mr. Tushar Singhi.
What are the Objects of Travels & Rentals IPO?
The Offer comprises of fresh issue of shares and also offer for sale.
The company proposes to utilize the funds which are being raised through this Issue towards the below-mentioned objects:
- Working Capital Requirement
- General Corporate Expenses
Tentative timetable | |
| IPO opens on | 29 August 2024 |
| IPO Closes on | 2 September 2024 |
| IPO Allotment on | 3 September 2024 |
| Refund Initiation | 4 September 2024 |
| Credit of Shares | 4 September 2024 |
| Listing on | 5 September 2024 |
| Registered Office of the Company Travels & Rentals Limited 161, Lenin Sarani Dharmatala Kolkata – 700013, |
| Who is the Lead Manager of this IPO? Finshore Management Services Limited |
Who is the Registrar to IPO? |
Travels & Rentals IPO GMP grey market premium, review, Subscription, allotment, listing estimate
Travels & Rentals IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Crore | Rs.in Crore | Rs. | % | |
| 2021-22 | 2.91 | 0.69 | 1.12 | 14.06 |
| 2022-23 | 5.79 | 1.51 | 2.14 | 20.31 |
| 2023-24 | 8.04 | 2.97 | 3.64 | 20.06 |
| Book Value of the Share on 31.03.2024 | Rs | 18.16 | ||
| BV of the Share at cap price after IPO | Rs. | 24.12 | ||
| Offer Price/upper band | Rs. | 40.00 | ||
IPO | |
| Price/EPS of 23-24 | 10.99 |
| Price/BV Ratio | 2.20 |
| Price/BV after IPO | 1.66 |
How Travels & Rentals IPO compares with the Peers?
| As on date of RHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Crore | |||
| Travels & Rentals | 10 | 7.52 | 10.99 |
| Sailani Tours | 10 | 23.46 | 38.73 |
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Travels & Rentals IPO Review
Travels & Rentals Limited has also taken franchisee of Lufthansa City Center International GmbH (LCCI) since 2010 and has been granted right to operate under “Business Plus Lufthansa City Center” in India in the year 2013. LCCI has world wide travel agency franchisee network in around 580 locations in 105 countries.
Size: Net size of the IPO is Rs.11.63 crore, comprising of 2907000 shares. The size of the IPO is very small and obtaining oversubscription is expected to be smooth.
Financial Snapshot: The company has shown reasonably good topline and bottom-line during last 3 years. Based on the published figures, the shares are offered at reasonable valuation.
+ from fundamental angle: May Apply
+ from grey market angle: ?
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Travels & Rentals IPO GMP today allotment, review?
Travels & Rentals IPO GMP grey market premium
Travels & Rentals IPO FAQs
What is Travels & Rentals IPO?
This is a SME IPO of 3060000 equity shares of the face value of Rs. 10 aggregating up to Rs.12.24 Crores. The issue is priced at Rs.40 per share. The minimum order quantity is 3000 Shares.
When will Travels & Rentals IPO subscription open?
Travels & Rentals IPO opens on August 29, 2024, and closes on September 02, 2024.
What is the lot size of Travels & Rentals IPO?
Travels & Rentals IPO lot size is 3000 Shares, and the minimum amount required is Rs.120000
How to apply for Travels & Rentals IPO?
You can apply in Travels & Rentals IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is Travels & Rentals IPO allotment?
The finalization of Basis of Allotment for Travels & Rentals IPO will be done on September 03, 2024, and the allotted shares will be credited to your demat account by September 04, 2024.
When is Travels & Rentals IPO listing date?
Travels & Rentals IPO listing date is September 5, 2024.
