IPO Details
Bidding Dates
29 Aug '24 - 02 Sep '24
Minimum Investment
₹1,20,000 / 1 Lot (3,000 Shares)
Price Range
₹40
Maximum Investment
₹1,20,000 / 1 Lot (3,000 Shares)
Retail Discount
To be announced
Issue Size
₹12.24 Cr
Investor category and sub category
Retail Individual Investors (RII) | Non-institutional Investors (NII) | Qualified Institutional Buyers (QIB) | Eligible employees |IPO Dates
Important dates with respect to IPO allotment and listing
Opening Date
Aug 29, 2024
Closing Date
Sep 2, 2024
Basis of Allotment
Sep 3, 2024
Initiation of Refunds
Sep 4, 2024
Listing Date
Sep 5, 2024
Cut-off time for UPI mandate confirmation
Sep 2, 2024
About Travels & Rentals Limited IPO
Incorporated in 1996, Travels & Rentals Limited is a comprehensive provider of travel-related products and services, offering end-to-end travel solutions. The company specialises in airline ticketing for both domestic and international flights, along with customised inbound and outbound tour packages.
Their services extend to worldwide hotel reservations and packages, catering to a diverse range of traveller needs. Travels & Rentals Limited also offers specialised services such as visa and passport processing, travel insurance, and tickets for various activities and attractions.
Travels & Rentals Limited boasts a robust network of travel agents across Europe, the USA, South and Southeast Asia, the Middle East, Africa, and Australia, enabling them to deliver seamless travel experiences to clients globally.
The company holds accreditation from the International Air Transport Association (IATA) in Geneva, Switzerland, underscoring their commitment to high standards in the travel industry. Furthermore, they are recognised by the Ministry of Tourism, Government of India, and are active members of both the Travel Agents Association of India (TAAI) and the Indian Association of Tour Operators (IATO).
As of March 31, 2024, Travels & Rentals Limited employs 58 professionals dedicated to providing exceptional service and enhancing the travel experience for their clients worldwide.
Industry Outlook:
- India’s travel and tourism sector contributed ₹15.9 trillion ($191.25 billion) to the economy in 2022, ranking 10th globally in GDP contribution.
- By FY27, India's travel market is projected to reach $125 billion, with the hotel market expected to grow from $32 billion to $52 billion.
Travels & Rentals IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- To meet the working capital requirements.
- General corporate purposes.
Peer Details
The only listed company Jay Bee Laminations considers as its peers is Sailani Tours N Travels Limited.
How to Check the Allotment Status of the Travels & Rentals Limited IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of Travels & Rentals Limited IPO
- Registered office: 161, Lenin Sarani, Dharmatala, Kolkata – 700013, West Bengal, India
- Phone: +91 33 4000 0777
- E-mail: cs@travelsandrentals.com
IPO Financials
| Particulars | Year ending on March 31, 2024 | Year ending on March 31, 2023 | Year ending on March 31, 2022 |
|---|---|---|---|
| Revenue from Operation (in ₹ lakh) | 752.83 | 567.05 | 285.31 |
| Profit After Tax (PAT) (in ₹ lakh) | 296.55 | 150.64 | 69.01 |
| Current Ratio (x) | 2.39 | 1.79 | 2.94 |
| Net Worth (in ₹ lakh) | 1,478.48 | 741.52 | 490.88 |
| Total Borrowings (in ₹ lakh) | 470.94 | 560.97 | 755.41 |
| Return on Equity (%) | 26.72 | 24.45 | 15.12 |
| Return on Capital Employed (RoCE) (%) | 27.54 | 22.33 | 15.11 |
| Earnings Per Share (in ₹) | 3.64 | 2.14 | 1.12 |
Know before investing
Strengths
6-
Over 30 years of organisational stability and management expertise.
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Skilled workforce of 58 employees with industry-specific experience.
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Comprehensive travel solutions offering diverse, integrated travel services.
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Scalable business model with proven success and growth potential.
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Strong client relationships ensuring repeat business and customer retention.
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Advanced online presence with three specialised websites enhancing accessibility.
Risks
5-
Legal proceedings involving ₹2,097.37 lakhs could impact financial stability.
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Intense competition may affect market share and profitability.
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Negative cash flow reported in FY24 may impact operations.
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Unregistered logo poses a risk to brand protection and enforcement.
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Depending on rented office space, potential lease termination risks operations.
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Travels & Rentals IPO FAQs
Travels & Rentals Limited IPO is a fixed price IPO. The IPO will be open from August 29, 2024, to September 2, 2024.
The Basis of Allotment will happen on Tuesday, September 3, 2024.
The IPO subscription window will open on August 29, 2024.
The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 3,000 shares.
The listing date for Travels & Rentals is Thursday, September 5, 2024.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the ‘IPO’ section on the platform.
- Select IPO: Find and select the Travels & Rentals IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
- Multiple Submissions: Use different Demat accounts to make multiple applications.
- Higher Price Band Bidding: Opt for bidding at the cut-off price or higher price band.
- Timely Subscription: Ensure you subscribe to the IPO within the specified time frame.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
To read Travels & Rentals’ financial statements, download the IPO’s RHP document.
