Travels & Rentals IPO Details
| IPO Open Date: | August 29, 2024 |
| IPO Close Date: | September 2, 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹40 Per Share |
| Issue Size: | Approx ₹12.24 Crores, 3,060,000 Equity Shares |
| Fresh Issue: | Approx ₹12.24 Crores, 3,060,000 Equity Shares |
| Issue Type: | Fixed Price Issue |
| IPO Listing: | BSE SME |
| Retail Quota: | Not more than 50% |
| QIB Quota: | Not more than [.]% |
| NII Quota: | Not more than 50% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Travels & Rentals IPO Market Lot
The Travels & Rentals IPO minimum market lot is 300 shares with a ₹120,000application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 3000 | ₹120,000 |
| Retail Maximum | 1 | 3000 | ₹120,000 |
| S-HNI Minimum | 2 | 6000 | ₹240,000 |
Travels & Rentals IPO Dates
The Travels & Rentals IPO date is August 29 and the close date is September 2. The Travels & Rentals IPO allotment will be finalized on September 3 and the IPO listing on September 5.
| IPO Open Date: | August 29, 2024 |
| IPO Close Date: | September 2, 2024 |
| Basis of Allotment: | September 3, 2024 |
| Refunds: | September 4, 2024 |
| Credit to Demat Account: | September 4, 2024 |
| IPO Listing Date: | September 5, 2024 |
Promoters of Travels & Rentals
The promoters of the company are Mr. Devendra Bharat Parekh, Mrs. Karuna Parekh, Mrs. Anupama Singhi, and Mr. Tushar Singhi.
About Travels & Rentals
Travels & Rentals Private Limited was founded in 1990 as a partnership firm under the name “M/s. Travels & Rentals”. In 1996, the company was incorporated and took over the running business of the partnership firm. The organization provides a complete menu of travel products and services required for total travel solutions which include ticketing services for airlines, hotels and cash-lure travel packages coupled with value-added services such as travel insurance, passport & visa processing, and tickets for events among others.
With over 25 years of experience, the company distinctly presents India by designing personalized tour packages. The company is accredited by IATA, and recognized by the Ministry of Tourism, Government of India, and TAAI. The company’s impressive growth is because of its confidence in its capability and impressive infrastructure.
Travels & Rentals Company Financial Report
The company reported revenue of ₹8.04 crores in 2024 against ₹5.79 crore in 2023. The company reported profit of ₹2.97 crores in 2024 against loss of ₹1.51 crores in 2023.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹2.91 | ₹2.00 | ₹0.69 | ₹13.34 |
| 2023 | ₹5.79 | ₹3.65 | ₹1.51 | ₹16.47 |
| 2024 | ₹8.04 | ₹3.84 | ₹2.97 | ₹24.70 |
Travels & Rentals IPO Valuation – FY2024
Check Travels & Rentals IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 26.72% |
| ROCE: | 27.54% |
| EBITDA Margin: | 57.75% |
| PAT Margin: | 36.91% |
| Debt to equity ratio: | 0.32 |
| Earning Per Share (EPS): | ₹3.64 (Basic) |
| Price/Earning P/E Ratio: | 10.99 |
| Return on Net Worth (RoNW): | 20.06% |
| Net Asset Value (NAV): | ₹18.16 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Sailani Tours N Travels Limited | 0.63 | 38.73 | 4.10 | 15.4 | 2,3.46 Cr. |
Objects of the Issue
- Working Capital Requirement
- General Corporate Expenses
Travels & Rentals IPO Review
- IPO Watch – May Apply
- Canara Bank –
- DRChoksey FinServ –
- Emkay Global –
- Hem Securities –
- IDBI Capital –
- Marwadi Shares –
- Nirmal Bang –
- SBICAP Securities –
- Sharekhan –
- SMC Global –
- Sushil Finance –
- Swastika Investmart –
- Ventura Securities –
- Geojit –
- Reliance Securities –
- Capital Market –
- BP Wealth –
- ICICIdirect –
- Choice Broking –
Travels & Rentals IPO Registrar
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: [email protected]
Website: https://ipo.cameoindia.com/
IPO Lead Managers aka Merchant Bankers
- Finshore Management Services Limited
Company Address
Travels & Rentals Limited
161, Lenin Sarani
Dharmatala
Kolkata – 700013,
Phone: +91 33 40000777
Email: [email protected]
Website: https://www.travelsandrentals.in/
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Note: The Travels & Rentals IPO price band and date are officially announced. The (Travels & Rentals IPO grey market premium) will be added to the IPO GMP page as it will start).
