Travels & Rentals Limited
IPO Details
Subscription
Lot Distribution
Reservation
Company Fin.
₹20(50.00%)
Premium (ELP)
Travels & Rentals Limited's completed its IPO journey with a successful listing on BSE on Sep 05, 2024. The public offering mobilized 30,60,000 Shares in total capital, comprising 30,60,000 Shares in fresh equity.
The offering was conducted within the price band of ₹40 to ₹40, with minimum application lots of 3000 shares. Investor participation during the Aug 29, 2024 to Sep 02, 2024 subscription window determined the final allocation pattern.
The basis of allotment was announced on Sep 03, 2024, finalizing share distribution to successful applicants. The listing represents a significant corporate development, providing the company with enhanced visibility and access to public capital markets.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Incorporated in 1996, Travels & Rentals Limited is a comprehensive travel solutions provider offering airline ticketing, customizable inbound and outbound tour packages, hotel reservations, visa and passport processing, travel insurance, and activity tickets. With a global network of travel agents across Europe, the USA, South and Southeast Asia, the Middle East, Africa, and Australia, the company is accredited by IATA, recognized by the Ministry of Tourism, and a member of TAAI and IATO. As of March 31, 2024, Travels & Rentals employs 58 professionals dedicated to delivering exceptional travel experiences.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Proven Success and Trustworthy Reputation: Years of successful performance build confidence and guarantee effective strategies.
- Knowledgeable Leadership: Experienced promoters with industry expertise bring valuable insights for business growth.
- Strong Team and Leadership: Skilled management and dedicated staff work together to boost productivity and success.
- Legal Issues: Ongoing legal matters with the company or its partners could harm our business, operations, and financial health.
- Tough Competition: The travel industry is highly competitive, making it harder to maintain or grow our market share.
- Negative Cash Flow: Consistent negative cash flow recently may hurt our financial stability and daily operations.
- Mr. Devendra Bharat Parekh
- Mrs. Karuna Parekh
- Mrs. Anupama Singhi
- Mr. Tushar Singhi
Travels & Rentals Limited
Cameo Corporate Services Limited