Travels & Rentals Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

29 Aug 2024

Close Date

02 Sep 2024

Allotment

03 Sep 2024

Listing Date

05 Sep 2024

Exchange

BSE SME

Price Band

₹40

Listing Price

See chart

Allotment Status

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Price Band

₹40

Per share

Face Value

₹10 per share

Lot Size

3,000 Shares

per lot

Issue Size

30,60,000 shares (aggregating up to ₹12.24 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹120,000

1 lot

Pre-IPO Holding

81,42,685 shares

Promoters

Post-IPO Holding

1,12,02,685 shares

Promoters

P/E (Pre)

10.98x

P/E (Post)

15.11x

EPS (Pre)

₹3.64

EPS (Post)

₹2.65

UPI Deadline

2024-09-02

Mandate

Anchor AllotmentWed, 28 Aug 2024

Basis of AllotmentTue, 03 Sep 2024

Refund InitiationWed, 04 Sep 2024

Demat CreditWed, 04 Sep 2024

Listing DayThu, 05 Sep 2024

UPI Mandate Deadline2024-09-02

Sale TypeFresh Capital

Net Offer to Public29,07,000 shares (aggregating up to ₹11.63 Cr)

Market Maker Quota1,53,000 shares (aggregating up to ₹0.6120 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Travels & Rentals Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 02 Sep 2024.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	153,000	—	₹0.61
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	3,060,000	100%	₹12.24

IPO Shares Offered

Travels & Rentals Ltd. IPO total issue size: ₹12.24 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	153,000	₹0.61	5.00%
Total	3,060,000	₹12.24	100.00%

* Based on upper price band ₹40 per share

Lot Size & Investment

Lot Size

3,000

Shares per Lot

Issue Price

₹40.00

Upper Band

Min Investment

₹120,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	6,000	₹240,000
Retail (Max — 13 Lots)	13	39,000	₹1,560,000
S-HNI (Min — 14 Lots)	14	42,000	₹1,680,000
B-HNI (Min — 68 Lots)	68	204,000	₹8,160,000

* Issue Price ₹40 × Lot Size 3,000 shares

IPO Schedule

Anchor

28 Aug 2024

✓ Done

IPO Open

29 Aug 2024

✓ Done

IPO Close

02 Sep 2024

✓ Done

Allotment

03 Sep 2024

✓ Done

Refunds

04 Sep 2024

✓ Done

Demat Credit

04 Sep 2024

✓ Done

Listing Day

05 Sep 2024

✓ Done

₹40.00

INR · BSE

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Issue ₹40.00 Live Price

About Travels & Rentals Ltd.

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.The products/services of the company include the following:Air ticketing - domestic and international flightsPackaged Tours - inbound and outbound customised toursHotel Reservation - worldwide hotel reservation and packages.Visa, Passport, Insurance and other related specialized services.The company has a strong network with travel agents across Europe, the USA, South and Southeast Asia, the Middle East, Africa, and Australia.The company is accredited by the International Air Transport Association (IATA) in Geneva, Switzerland. It is also recognized by the Ministry of Tourism, Government of India and is a member of both the Travel Agent Association of India (TAAI) and the Indian Association of Tour Operators (IATO).As of March 31, 2024 the company has 58 employees.

Objects of the Issue

Working Capital Requirement

General Corporate Expenses

Travels & Rentals Ltd. Financials (Amount in ₹ Lakhs)

Revenue from Operations

₹290.6

31 Mar 2022

₹579.1

31 Mar 2023

₹803.5

31 Mar 2024

Profit After Tax (PAT)

₹69.0

31 Mar 2022

₹150.6

31 Mar 2023

₹296.6

31 Mar 2024

Particulars	31 Mar 2024	31 Mar 2023	31 Mar 2022
Revenue from Operations	803.54	579.06	290.59
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	296.55	150.64	69.01
Net Worth	1478.48	741.52	490.88
Total Assets	2469.85	1647.11	1334.29
Reserves & Surplus	664.21	540.33	314.69
Borrowings	470.94	560.97	755.41
EBITDA Margin (%)	2.20	—	—
PAT Margin (%)	36.91%	—	—

P/BV Ratio

44.81

RoE

26.72%

RoCE

27.54%

RoNW

20.06%

PAT Margin

36.91%

EBITDA Margin

2.20

Debt/Equity

0.32

Issue Structure & Shareholding

Total Shares Offered30,60,000 (100.00%)

Net Offer to Public29,07,000 shares (aggregating up to ₹11.63 Cr)

Reserved for Market Maker1,53,000 shares (aggregating up to ₹0.6120 Cr)

Pre-Issue Promoter Holding81,42,685 shares

Post-Issue Promoter Holding1,12,02,685 shares

P/BV Ratio44.81

RoE26.72%

RoCE27.54%

Debt / Equity0.32

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Cameo Corporate Services Ltd

+91-44-28460390

investor@cameoindia.com

https://ipo.cameoindia.com/

Check Allotment

Book Running Lead Managers

Finshore Management Services Ltd

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Travels & Rentals Ltd. IPO subscribed? ▲

Travels & Rentals Ltd. IPO is subscribed 1.00 times by Sep 02, 2024. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Travels & Rentals Ltd. IPO retail subscription status? ▼

The Travels & Rentals Ltd. IPO retail category is subscribed 1.00 times as of 02 Sep 2024. The retail portion is oversubscribed.

How to subscribe Travels & Rentals Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 29 Aug 2024 and closes 02 Sep 2024. Min investment: ₹120,000 (1 lot = 3,000 shares). UPI mandate: 2024-09-02.

How many times Travels & Rentals Ltd. IPO subscribed? ▼

The Travels & Rentals Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Travels & Rentals Ltd. IPO allotment? ▼

Check allotment on the registrar website (Cameo Corporate Services Ltd) at https://ipo.cameoindia.com/. Enter your PAN, application number or DP/Client ID. Allotment date: 03 Sep 2024. Refunds: on 04 Sep 2024.

When Travels & Rentals Ltd. IPO will be listed? ▼

The Travels & Rentals Ltd. IPO listing date is 05 Sep 2024, Thursday. Listed on: BSE SME. Issue price: ₹40. Estimated listing: ₹40. GMP: NIL.

When Travels & Rentals Ltd. IPO close? ▼

The Travels & Rentals Ltd. IPO closes on 02 Sep 2024, Monday. UPI mandate: 2024-09-02. Allotment: 03 Sep 2024. Listing: 05 Sep 2024.

Quick Actions

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Live Price LIVE

Last Price₹40.00

Change—

Issue Price₹40.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹40

Face Value₹10

Lot Size3,000 Sh

Min. Amount₹120,000

GMPNIL

Est. Listing₹40

Subscribed1.00x

Open Date29 Aug 2024

Close Date02 Sep 2024

Allotment03 Sep 2024

Listing Date05 Sep 2024

ExchangeBSE SME

UPI Deadline2024-09-02