Travels & Rentals Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 1,452,000 (47%) | — | ₹581 Cr |
| Retail | — | 1,455,000 (48%) | — | ₹582 Cr |
| Market Maker | — | 153,000 (5%) | — | ₹6 Cr |
| Σ Total | — | 3,060,000 (100%) | — | ₹12,240 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹120,000 |
| Retail (Max) | 13 | 39,000 | ₹1,560,000 |
| S-HNI (Min) | 14 | 42,000 | ₹1,680,000 |
| B-HNI (Min) | 67 | 201,000 | ₹8,040,000 |
Financial Statements Amount in ₹ Lakhs
| Metric | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue | 804 | 579 | 291 |
| Profit After Tax | 297 | 151 | 69 |
| Net Worth | 1,478 | 742 | 491 |
| Total Assets | 2,470 | 1,647 | 1,334 |
| Reserves & Surplus | 664 | 540 | 315 |
| Total Borrowing | 471 | 561 | 755 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Working Capital Requirement –
- General Corporate Expenses –
Company Overview
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 flights
- Packaged Tours - inbound and outbound customised tours
- Hotel 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.