Travels & Rentals Limited

Company Name	Travels & Rentals Limited
Open Date	29-08-2024
Close Date	02-09-2024
Exchange	BSE SME
Lot Size	3000 Shares
Issue Price	₹40 per share
Issue Size	30,60,000 shares
Application Amount	₹1,20,000
Recommendation	Apply

Travels & Rentals Limited was originally formed and incorporated on September 23, 1996. The registered office is located at West Bengal, India. The company offers a comprehensive range of travel-related products and services for end-to-end travel solutions. The company range of products and services includes Air Ticketing, Packaged Tours, Hotel Reservation, and other specialized services. The company had 58 permanent employees as of March 31, 2024.

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Financial Summary in Lakhs

KPI’s	FY 22	FY 23	FY 24
Revenue	285.31	567.05	752.83
EBITDA	157.49	238.00	434.79
Net Profit	69.01	150.64	296.55
RoCE	14.56%	20.85%	24.50%
ROE	14.06%	20.32%	20.06%
P/E	35.71	18.69	10.99

Tentative Timeline

Opening Date	29-08-2024
Closing Date	02-09-2024
Basis of Allotment	03-09-2024
Initiation of Refunds	04-09-2024
Credit of Shares to Demat	04-09-2024
Listing Date	05-09-2024

Objects of the Issue

To meet the Working Capital Requirements.

General Corporate Expenses.

Contact Information

Registered Office	Travels & Rentals Limited 161, Lenin Sarani Dharmatala Kolkata - 700013
Phone	+91 33 40000777
Email	cs@travelsandrentals.com
Website	https://www.travelsandrentals.in/

Offer Documents

Travels & Rentals IPO DRHP

Travels & Rentals IPO RHP

Registrar Details

Name	Cameo Corporate Services Limited
Phone	+91-44-28460390
Email	investor@cameoindia.com
Website	https://ipo.cameoindia.com/

IPO Reservation

Anchor Investor Shares Offered	-
Market Maker Shares Offered	1,53,000 (5%)
Other Shares Offered	14,53,500 (47.5%)
Retail Shares Offered	14,53,500 (47.5%)

Shareholding Pattern

Share Holding Pre Issue (Promoters)	86.48%
Share Holding Post Issue (Promoters)	62.86%