Apex Ecotech Limited IPO...
20 Nov 2024
Travels & Rentals Limited IPO And Its GMP
Travels & Rentals Limited business was commenced in the year 1990 as a Partnership firm under the name “M/s. Travels & Rentals” by their the founding promoter, Mr. Devendra Bharat Parekh at a very miniature scale. 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.
Their Company had taken over the running business of Partnership Firm “M/s. Travels & Rentals” with all assets, liabilities, licenses, contracts, office space, trademarks, goodwill, tenancy rights etc. They are bestowed with more than 25 years of experience and presents India in a distinct manner by designing personalized tour packages. Their Company belongs to the Tourism and Hospitality sector of the Economy. Their Promoters aims at providing its customers with premium range of travel related activities and travel solutions with all services. They aim to expand our horizon and be globally available to deliver packages in each region.
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IPO OVERVIEW
- Issue Type: Fixed price issue of ₹12.24 crores
- Total Shares: 30.6 lakh shares (entirely fresh issue)
- IPO Open Date: August 29, 2024
- IPO Close Date: September 2, 2024
- Issue Price: ₹40 per share
- Minimum Lot Size: 3000 shares per application
- Lead Manager: Finshore Management Services Limited
- Registrar: Cameo Corporate Services Limited
- Market Maker: Black Fox Financial
WHAT IS GMP?
GMP stands for Grey Market Premium, and if you are planning your IPO then GMP plays an important role. A grey market is a place where stocks/shares get traded before getting officially listed on any stock exchange. The difference between the IPO price and the grey market price is known as GMP (grey market premium). GMP is a premium amount paid at which initial public offering (IPO) shares are traded before it is listed on the stock exchanges.
Travels & Rentals IPO GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 04-09-2024 | 40 | 20.0 (50%) | 04-Sep-2024 11:20 |
| 02-09-2024 | 40 | 22.0 (55%) | 02-Sep-2024 13:10 |
| 30-08-2024 | 40 | 15.0 (38%) | 30-Aug-2024 13:10 |
| 29-08-2024 | 40 | 14.0 (35%) | 29-Aug-2024 12:30 |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Travels & Rentals IPO Overview
| Detail | Description |
|---|---|
| IPO Date | August 29, 2024 to September 2, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹40 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 3,060,000 shares (aggregating up to ₹12.24 Cr) |
| Fresh Issue | 3,060,000 shares (aggregating up to ₹12.24 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Shareholding pre issue | 8,142,685 |
| Share holding post issue | 11,202,685 |
| Market Maker portion | 153,000 shares Black Fox Financial |
Travels & Rentals IPO Timeline (Tentative Schedule)
| Detail | Description |
|---|---|
| IPO Open Date | Thursday, August 29, 2024 |
| IPO Close Date | Monday, September 2, 2024 |
| Basis of Allotment | Tuesday, September 3, 2024 |
| Initiation of Refunds | Wednesday, September 4, 2024 |
| Credit of Shares to Demat | Wednesday, September 4, 2024 |
| Listing Date | Thursday, September 5, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 2, 2024 |
Travels & Rentals Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹120,000 |
| Retail (Max) | 1 | 3000 | ₹120,000 |
| HNI (Min) | 2 | 6,000 | ₹240,000 |
Travels & Rentals Limited IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the Net Issue |
| Other Shares Offered | 50% of the Net Issue |
Travels & Rentals IPO Promoter Holding
| Share Holding Pre Issue | 86.48% |
| Share Holding Post Issue | 62.86% |
Company & Financials
Incorporated in 1996, Travels & Rentals Limited provides a wide range of travel-related products and services for complete travel solutions. The company offers airline tickets, hotels, tour packages, rail tickets, as well as additional services like travel insurance, passport & visa processing, and tickets for activities and attractions.
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The products/services of the company include the following:
- 1. Air ticketing - domestic and international flights
- 2. Packaged Tours - inbound and outbound customised tours
- 3. Hotel Reservation - worldwide hotel reservation and packages.
- 4. Visa, Passport, Insurance and other related specialized services.
Travels & Rentals Limited Financial Information
| 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 | |||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 664.21 | 540.33 | 314.69 | |||||||||||||||||||||||||||||||||||||
| Total Borrowing | 470.94 | 560.97 | 755.41 | |||||||||||||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 26.72% |
| ROCE | 27.54% |
| Debt/Equity | 0.32 |
| RoNW | 20.06% |
| P/BV | 2.2 |
| PAT Margin (%) | 36.91 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 3.64 | 2.65 |
| P/E (x) | 10.98 | 15.1 |
Objectives of Travels & Rentals IPO
The company proposes to utilize the funds which are being raised through this Issue towards the below-mentioned objects:
- 1. Working Capital Requirement
- 2. General Corporate Expenses
Travels & Rentals IPO Review
The company provides all travel/visa-related products and services under one roof. It has tie-up with LCCI and is registered with TAAI and IATO. The company has reported steady growth in its top and bottom lines for the reported periods. Based on FY24 earnings, the issue appears reasonably priced. Investors may park funds for medium to long term.
FAQs for Travels & Rentals IPO
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What is Travels & Rentals IPO?
Travels & Rentals IPO is a main-board IPO. The company is going to raise ₹12.24 Crores via IPO. The issue is priced at ₹40 pr equity share. The IPO is to be listed on BSE & NSE.
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When Travels & Rentals IPO will open for subscription?
The IPO is to open on August 29, 2024 for QIB, NII, and Retail Investors. The IPO will close on September 2, 2024.
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What is Travels & Rentals IPO Investors Portion?
The investors’ portion for QIB is [.]%, NII is 50%, and Retail is 50%.
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What is Travels & Rentals Issue Size?
Travels & Rentals issue size is ₹12.24 crores.
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What is Travels & Rentals IPO Price Band?
Travels & Rentals IPO Price Band is ₹40.
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What is Travels & Rentals IPO Lot Size?
The minimum bid is 3000 Shares with ₹120,000 amount.
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What is the Travels & Rentals IPO Allotment Date?
Travels & Rentals IPO allotment date is September 3, 2024.
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What is the Travels & Rentals IPO Listing Date?
Travels & Rentals IPO listing date is September 5, 2024. The IPO is to list on BSE and NSE.
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What is the current GMP of Travels & Rentals?
The current GMP of Travels & Rentals is 20.0 (50%).
RHP:
RHP of Travels & Rentals Limited IPO.
DRHP:
DRHP of Travels & Rentals Limited IPO.
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What is Travels & Rentals IPO?
Travels & Rentals IPO is a main-board IPO. The company is going to raise ₹12.24 Crores via IPO. The issue is priced at ₹40 pr equity share. The IPO is to be listed on BSE & NSE.
-
When Travels & Rentals IPO will open for subscription?
The IPO is to open on August 29, 2024 for QIB, NII, and Retail Investors. The IPO will close on September 2, 2024.
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What is Travels & Rentals IPO Investors Portion?
The investors’ portion for QIB is [.]%, NII is 50%, and Retail is 50%.
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What is Travels & Rentals Issue Size?
Travels & Rentals issue size is ₹12.24 crores.
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What is Travels & Rentals IPO Price Band?
Travels & Rentals IPO Price Band is ₹40.
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What is Travels & Rentals IPO Lot Size?
The minimum bid is 3000 Shares with ₹120,000 amount.
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What is the Travels & Rentals IPO Allotment Date?
Travels & Rentals IPO allotment date is September 3, 2024.
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What is the Travels & Rentals IPO Listing Date?
Travels & Rentals IPO listing date is September 5, 2024. The IPO is to list on BSE and NSE.
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What is the current GMP of Travels & Rentals?
The current GMP of Travels & Rentals is 20.0 (50%).
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