Ad www.AngelOne.in
FREE Account Opening + Zero AMC Fees* + MutualFund SIP1
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Ad www.AngelOne.in
SME IPO Status: Listed [29th Aug 2024 to 2nd Sep 2024]
Travels & Rentals IPO, a SME IPO of ₹12.24 Cr was launced on 29-08-2024 to 02-09-2024 and the shares got listed on BSE SME on 05-09-2024.
The public issue of Travels & Rentals IPO (544242) was offered at ₹40.00 per share and the ipo was listed at ₹55.00. It has delivered listing gain of 37.50%.
As the minimum lot size was 3000 shares, the IPO has offered Rs 45000.00 per lot return on listing.
| SME IPO Issue Opening Date: | 29th Aug 2024 |
| SME IPO Issue Closing Date: | 2nd Sep 2024 |
| SME IPO Issue Price: | ₹40.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| IPO Listing At: | BSE SME |
| Retail Quota: | 50% of the Net Issue |
| SME IPO Issue Type: | Fixed Price Issue |
| SME IPO Issue Size: | ₹12.24 Cr |
| Fresh Issue: | ₹12.24 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 86.48% |
| Promoter Holding Post IPO: | 62.86% |
| Allotment Status: | Allotment Status |
| BSE Code: | 544242 |
Get important updates regarding Travels & Rentals SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 3rd Sep 2024 |
| Refunds Initiation* | 4th Sep 2024 |
| Credit of Shares to Demat* | 4th Sep 2024 |
| SME IPO Listing Date* | 5th Sep 2024 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹40.00 |
| Market Lot: | 3000 Shares |
| 1 Lot Amount: | ₹120000 |
| Min HNI Lots: | 6000 shares (2 lots)- ₹240000 |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 05-09-2024 | 40.00 | 20 | 45600 | ₹60 (50%) | 5-Sep-2024 10:28 |
Want to start your investment journey, join India’s Pioneer Discount Broker – ZERODHA – Free Delivery Trade, Maximum Rs 20 for F&O and Intraday, Free Direct Mutual Fund investment.Open Zerodha Account
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Established in September 1996, Travels & Rentals Limited offers a comprehensive range of travel-related products and services for end-to-end travel solutions, including airline tickets, hotels and their packages, rail tickets, as well as additional value-added services such as travel insurance, passport and visa processing and tickets for activities and attractions.
Travels & Rentals Limited is also a franchisee of Lufthansa City Center International GmbH (LCCI) since 2010 and was granted the right to operate in India under the name “Business Plus Lufthansa City Center” in 2013. LCCI has a worldwide travel agency franchisee network with around 580 locations in 105 countries. As franchisees of Lufthansa City Center, they are entitled to use the Lufthansa City Center brand name for their business activities.
This year, the Company has entered into a distribution and marketing agreement with Group Voyagers Inc [registered under the brand names Globus, Cosmos and Avalon Waterways (“Globus brand family”)] for the sale of Globus brand family travel products in India.
Their business is entirely dependent on geographical changes. The current environmental conditions at the destination are very important to customers. Customers choose their destination based on the month of travel as not all destinations are travelable in all seasons.
| Incorporation | Sector | IPO Issue Size | Website |
| 1996 | Tour, Travel Related Services | ₹12.24 Cr | https://www.travelsandrentals.in/ |
The company proposes to utilize the funds which are being raised through this Issue towards the below-mentioned objects:
Our experts can help you prepare for SME IPO
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | NII | RII | Total | |
|---|---|---|---|---|
| # of Shares Offered | 1,453,500 (50%) | 1,453,500 (50%) | 2,907,000 | |
| 1 | 29th Aug 2024 19:04 | 0.92x | 7.01x | 3.97x |
| 2 | 30th Aug 2024 19:04 | 3.27x | 20.24x | 11.75x |
| 3 | 2nd Sep 2024 18:21 | 754.64x | 429.90x | 608.46x |
Travels & Rentals Limited's revenue increased by 39% and profit after tax (PAT) rose by 97% between the financial year ending with March 31, 2024 and March 31, 2023.
| 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 | ||||||||||||||||||||||||||||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Travels & Rentals Limited | 3.64 | 3.64 | 18.16 | 10.99 | 20.06 | |
| Sailani Tours N Travels Ltd | 0.63 | 0.63 | 15.41 | 38.73 | 4.1 |
Last Updated on 09-Sep-2024 07:02:45
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Travels & Rentals SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Travels & Rentals SME IPO with Zerodha.
Alternate approch to apply in Travels & Rentals SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Travels & Rentals SME IPO Review and Important Updates
Other relevant questions :
How to subscribe Travels & Rentals SME IPO Zerodha? How to purchase Travels & Rentals SME IPO on Zerodha? Travels & Rentals SME IPO how to buy Zerodha? Travels & Rentals SME IPO Zerodha apply. Travels & Rentals SME IPO purchase Zerodha. Travels & Rentals SME IPO with Zerodha. Travels & Rentals SME IPO at Zerodha. Travels & Rentals SME IPO kite Zerodha. Travels & Rentals SME IPO using Zerodha. Travels & Rentals SME IPO via Zerodha.
To subscribe or apply in Travels & Rentals SME IPO, you can use the following methods:
| Travels & Rentals SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Travels & Rentals SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Travels & Rentals SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Travels & Rentals SME IPO. Most of the Syndicate Banks provide access to apply in Travels & Rentals IPO via ASBA process. You must have your net banking access, DP ID information to apply in Travels & Rentals SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Travels & Rentals SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Travels & Rentals SME IPO Review and Important Updates
Other relevant question on same topics are:
Where to subscribe Travels & Rentals SME IPO? Where to apply for Travels & Rentals SME IPO? How to subscribe Travels & Rentals SME IPO online? Travels & Rentals SME IPO where to apply? Where to buy Travels & Rentals SME IPO online? How to buy Travels & Rentals SME IPO online? How to purchase Travels & Rentals SME IPO? How to get Travels & Rentals SME IPO? How to book Travels & Rentals SME IPO? How to invest Travels & Rentals SME IPO? Travels & Rentals SME IPO kaise buy kare?
Travels & Rentals SME IPO is going to be list on 05-09-2024. BSE Code for Travels & Rentals is 544242.
Other relevant questions:
When Travels & Rentals SME IPO will be listing? Travels & Rentals SME IPO BSE listing date?Travels & Rentals SME IPO date of listing
Travels & Rentals SME IPO Allotment Date is 03-09-2024.
Other relevant questions:
Travels & Rentals SME IPO share allotment date?Travels & Rentals SME IPO allotment date?
