Travels & Rentals IPO Date, Price, GMP, Review – The Travels & Rentals IPO is set to launch on August 29. The Travels & Rentals SME IPO aims to raise ₹12.24 crores. The Travels & Rentals IPO price band is set at ₹40, with a market lot of 3000 shares. Travels & Rentals Private Limited was established in 1990 as a partnership under the name “M/s. Travels & Rentals”. In 1996, the corporation was incorporated and took over the operation of the partnership firm. The organization offers a comprehensive menu of travel products and services required for total travel solutions, including airline and hotel ticketing, cash-lure travel packages, and value-added services such as travel insurance, passport and visa processing, and event tickets, among others.
Travels & Rentals IPO Details
| IPO Open Date | August 29, 2024 |
| IPO Close Date | September 2, 2024 |
| Listing Date | Thursday, September 5, 2024 |
| Face Value | ₹10 per share |
| Price | ₹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 |
Travels & Rentals Financials
| FY 2024 | |
| Assets | 2,469.85 |
| Revenue | 803.54 |
| Profit After Tax | 296.55 |
| Net Worth | 1,478.48 |
| ROE | 26.72% |
| ROCE | 27.54% |
| Debt/Equity | 0.32 |
| RoNW | 20.06% |
| P/BV | 2.2 |
| PAT Margin (%) | 36.91 |
How to check the Allotment Status?
The IPO allocation date for Travels & Rentals is Tuesday, September 3, 2024. The Travels & Rentals IPO Allotment will go online on the Registrar Website on August 3, 2024, following the allotment date. Here’s how to see the current status of allocation:
- Go to the status page for the IPO allotment.
- From the list of IPOs, select Travels & Rentals Limited IPO.
- Type in your PAN, DP Client ID, or application number.
- To find out the status of your allotment, provide the details.
Investors can promptly ascertain their allotment status and proceed with their investments accordingly by employing either of these techniques.
About Company – Travels & Rentals
Travels & Rentals Limited was founded in September 1996 and provides a wide range of travel-related goods and services for end-to-end travel solutions. These include airline tickets, hotel rooms and packages, rail tickets, and extra value-added services like passport and visa processing, travel insurance, and activity and attraction tickets.
As of 2013, Travels & Rentals Limited has been authorized to conduct business in India under the name “Business Plus Lufthansa City Center.” The company has been a franchisee of Lufthansa City Center International GmbH (LCCI) since 2010. LCCI has a global network of franchisee travel agencies, spanning 105 countries and around 580 sites. They have the right to use the Lufthansa City Center brand name in their business endeavors as franchisees of the airline.
