Travels & Rentals Ltd IPO

Travels & Rentals Limited offers a comprehensive range of travel-related products and services for end-to-end travel solutions, including airline tickets, hotels and tour packages, rail tickets as well as ancillary value-added services such as travel insurance, passport & visa processing and tickets for activities and attractions. Travels & Rentals Limited also holds franchisee of Lufthansa City Center International GmbH (LCCI) since 2010 and has been granted right to operate under Business Plus Lufthansa City Center in India. The Company is bestowed with more than 3 decades of experience and presents India in a distinct manner by designing personalised tour packages. The Company is accredited by IATA (International Air Transport Association, Geneva, Switzerland), recognized by Ministry of Tourism, Government of India, member of TAAI (Travel Agent Association of India) and member of IATO (Indian Association of Tour Operators).

Open Demat Account

50years

Travels & Rentals Ltd IPO Details

Details

Total Shares OfferedOffer to PublicRetail Max (Shares)Pre Issue Promoters HoldingExchangeIssue size
₹ 30.6 LTBA₹ 14.55 L₹ 70.42 LBSETBA
IPO Open DateClose DateLot SizeMin InvestmentIssue TypeListing Date
29 Aug, 2402 Sep, 243000 TBA Fixed Price - SME05 Sep, 24

Travels & Rentals Ltd IPO Dates

  • 29 Aug 2024

    Opening date

  • 02 Sep 2024

    Closing date

  • 03 Sep 2024

    Basis of
    Allotment

  • 04 Sep 2024

    Initiation of
    Refunds

  • 04 Sep 2024

    Credit of
    Shares

  • 05 Sep 2024

    Listing date

Details

SectorType
SectorTravel Agencies
Sub SectorNA
Issue TypeFixed Price - SME

Subscription Status

*Values are in Lakhs

Investor TypeSubscription TimesShares Offered*Shares Bid*
QIB0x047058000
NII755.54x14520001097040000
Retail429.59x1455000625050000
Employee0x00
Total578.15x30600001769148000

Subscription Status

Investor Type

QIB

NII

Retail

Employee

Total

*Values are in Lakhs

Travels & Rentals Ltd Financial Status

Income Statement

Balance Sheet

Particulars (in Rs. Crores)FY23FY22FY21
Revenue from operations4.252.210.96
EBITDA4.312.281.01
PAT2.971.510.69
Total Assets17.179.698.54
Share Capital8.142.011.76
Total Borrowings5.303.476.83
Operating Activities (Net Cash)3.031.580.74
Investing Activities (Net Cash)0.590.590.70
Financing Activities (Net Cash)5.303.476.83
Net Cashflow0.420.350.35

Particulars (in Rs. Crores)

Revenue from operations

EBITDA

PAT

Total Assets

Share Capital

Total Borrowings

Operating Activities (Net Cash)

Investing Activities (Net Cash)

Financing Activities (Net Cash)

Net Cashflow

About Travels & Rentals Ltd

Travels & Rentals Limited was originally incorporated as a Private Limited Company in the name of Travels & Rentals Private Limited on September 23, 1996 under the provisions of the Companies Act, 1956 bearing Corporate Identification Number U60221WB1996PTC081439 issued by the Registrar of Companies - Kolkata. Subsequently, the company was converted into Public Limited Company under the provisions of the Companies Act, 2013 and the name of the Company was changed to Travels & Rentals Limited vide a fresh Certificate of Incorporation consequent upon conversion from Private Company to Public Company dated April 05, 2024 bearing Corporate Identification Number U60221WB1996PLC081439 issued by the Registrar of Companies - Central Processing Centre.

According to WTTC, India is ranked 10th among 185 countries in terms of travel & tourism's total contribution to GDP in 2019. According to WTTC, the contribution of India's travel and tourism sector to India's economy was worth Rs. 15.9 trillion (US$ 191.25 billion) in 2022. According to WTTC, over the next decade, India's Travel & Tourism GDP is expected to grow at an average of 7.8% annually. In 2020, the Indian tourism sector accounted for 39 million jobs, which was 8% of the total employment in the country. In 2021, the travel & tourism industry's contribution to the GDP was US$ 178 billion; this is expected to reach US$ 512 billion by 2028. By 2029, it is expected to account for about 53 million jobs. In India, the industry's direct contribution to the GDP is expected to record an annual growth rate of 7-9% between 2019 and 2030. The travel market in India is projected to reach US$ 125 billion by FY27 from an estimated US$ 75 billion in FY20. The Indian airline travel market was estimated at ~US$ 20 billion and is projected to double in size by FY27 due to improving airport infrastructure and growing access to passports. The Indian hotel market including domestic, inbound and outbound was estimated at ~US$ 32 billion in FY20 and is expected to reach ~US$ 52 billion by FY27, driven by the surging demand from travellers and sustained efforts of travel agents to boost the market. By 2028, international tourist arrivals are expected to reach 30.5 billion and generate revenue of over US$ 59 billion. However, domestic tourists are expected to drive the growth, post-pandemic. International hotel chains are increasing their presence in the country, and they will account for around 47% share of the tourism and hospitality sector of India by 2020 and 50% by 2022.

Travels & Rentals Limited offers a comprehensive range of travel-related products and services for end-to-end travel solutions, including airline tickets, hotels and tour packages, rail tickets as well as ancillary value-added services such as travel insurance, passport & visa processing and tickets for activities and attractions. Travels & Rentals Limited also holds franchisee of Lufthansa City Center International GmbH (LCCI) since 2010 and has been granted right to operate under Business Plus Lufthansa City Center in India. The Company is bestowed with more than 3 decades of experience and presents India in a distinct manner by designing personalised tour packages. The Company is accredited by IATA (International Air Transport Association, Geneva, Switzerland), recognized by Ministry of Tourism, Government of India, member of TAAI (Travel Agent Association of India) and member of IATO (Indian Association of Tour Operators).

Peer Comparison:

  • Sailani Tours N Travels Ltd

Travels & Rentals Ltd IPO Key Points

Strengths

  • Established and proven track record.
  • Leveraging the experience of our Promoters.
  • Experienced management team and a motivated and efficient work force.
  • Cordial relations with its customers.
  • Quality Assurance & Control.

Risk

  • The Company, Promoter Group and Group Entities are parties to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on its business, result of operations and financial conditions.
  • The travel industry is intensely competitive, and its may not be able to effectively compete in the future.
  • Any failures to maintain quality of customer service, products and deal with customer complaints could materially and adversely affect its business and operating results.

Strategy

  • Online Presence.
  • Continue to invest in technology and product development capabilities.
  • Established and proven track record.
  • Leveraging the experience of our Promoters.
  • Experienced management team and a motivated and efficient work force.
  • Cordial relations with its customers.
  • Quality Assurance & Control.

How To Apply for Travels & Rentals Ltd IPO Online?

Step 1:

Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

Get your FAQs right

Travels & Rentals Ltd's IPO offers shares for up to ₹ 0 L It begins on Aug 29, 2024 and ends on Sep 2, 2024.

The price of Travels & Rentals Ltd IPO ranges between NA to NA per share.

The Travels & Rentals Ltd IPO opens on Aug 29, 2024 and closes on Sep 2, 2024.

The allotment for the Travels & Rentals Ltd IPO will be finalised on Sep 3, 2024. The shares will be listed on BSE and NSE on Sep 5, 2024.

The minimum lot size for Travels & Rentals Ltd IPO is 3000 shares, priced between NA to NA per share.

The GMP (Grey Market Premium) of Travels & Rentals Ltd IPO fluctuates based on market demand and sentiment.

To check the allotment status of Travels & Rentals Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

The Travels & Rentals Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Aug 29, 2024, and closes on Sep 2, 2024. The allotment is finalised on Sep 3, 2024.

To apply for the Travels & Rentals Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.