Travels & Rentals Limited IPO - Check Issue Date, Price, Listing date

Travels & Rentals Limited IPO - Check Issue Date, Price, Listing date

The Initial Public Offering (IPO) of Travels & Rentals Limited, a well-established travel service provider, has been the talk of the town in the investment community. The company, known for its comprehensive travel solutions, has opened its doors to public investment with an IPO that commenced on August 28, 2024, and is set to close on September 1, 2024.

Travels & Rentals Limited has been a significant player in the travel industry since its inception in 1996. With a business model that maximizes resource utilization, the company has successfully expanded based on demand over the years. It offers a wide array of travel-related products and services, including airline ticket bookings, hotel reservations, complete tour packages, visa processing, insurance, and foreign exchange services, all under one roof.

The IPO details reveal an issue price of ₹40 per share, with a lot size of 3,000 shares, translating to a minimum investment of ₹120,000. The total issue size is pegged at ₹12.24 Cr, reflecting the company's growth trajectory and future potential. The listing date is scheduled for September 4, 2024, which is eagerly awaited by investors and market analysts alike.

Financially, Travels & Rentals Limited has shown a consistent increase in revenue from operations, growing from ₹2.85 Cr in FY22 to ₹7.53 Cr in FY24. The Profit after Tax (PAT) has also seen a significant rise, from ₹0.69 Cr in FY22 to ₹2.96 Cr in FY24. These numbers indicate a robust financial health and a promising future for the company.

The IPO has generated considerable interest among retail and institutional investors, with the company's strengths lying in its order-driven business model, established global network, and consistent financial performance. The risks associated with the travel industry, particularly in the volatile post-pandemic market, are also being weighed by potential investors.

As the IPO progresses, market sentiment and subscription times will play a crucial role in determining the success of Travels & Rentals Limited's public offering. The company's association with Lufthansa City Centre International GmbH since 2010 and its recent Sales and Marketing Agreement with Group Voyagers Inc. are expected to bolster investor confidence.

Investors looking to participate in the Travels & Rentals Limited IPO can apply through various platforms, with the details available on financial websites and the company's official channels. The IPO presents an opportunity for investors to be a part of a company that has carved a niche for itself in the travel industry and is poised for further growth in the coming years. For those interested in the travel sector and SME investments, this IPO could be a noteworthy addition to their investment portfolio.

Here are some key details about the IPO:

• Issue Size: ₹1,250 crore
• Minimum Bid Lot: 75 shares
• Maximum Bid Lot: 13,000 shares
• Registrar: Link Intime India Private Ltd
• Book-Running Lead Managers: ICICI Securities Limited, Axis Capital Limited, and JM Financial Limited

The IPO is expected to be oversubscribed due to the strong interest from investors in the travel and hospitality sector. However, it is always advisable to conduct thorough research and consult with a financial advisor before making any investment decisions.