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Travels & Rentals IPO
Travels & Rentals Ltd
₹1,20,000 /3000 sharesMinimum Investment
Travels & Rentals IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 29 Aug ‘24 - 2 Sep ‘24 | ₹1,20,000 | 3,000 | ₹40 - ₹40 |
| Issue Size | IPO Doc |
|---|---|
| 12.24Cr | RHP PDF |
About Travels & Rentals
Founded in
1996
Managing director
Mr. Devendra Bharat Parekh
Parent organisation
Travels & Rentals Ltd
Strengths & Financials of Travels & Rentals
Strengths
Risks
Travels & Rentals operates on an order-driven business model. This focuses on maximising the use of resources, which in turn leads to increased economies of scale. This has been a successful approach for the company in the past few years, as it has allowed the company to expand based on demand.
The company is a provider of travel solutions and caters to both domestic and international travellers. It offers almost all travel-related products and services, including visa processing, ticketing, holiday packages, insurance, and foreign exchange, all available under one roof.
Travels & Rentals benefits from a well-established global network, granting them access to special deals with suppliers, global clients, and top partners worldwide.
The company has seen a consistent increase in revenue from operations. It increased from Rs 2.85 crore in FY22 to Rs 5.67 crore in FY23 to Rs 7.53 crore in FY24. Profit after tax (PAT) increased from Rs 0.69 crore in FY22 to Rs 1.51 crore in FY23 to Rs 2.96 crore in FY24.
The company, its promoter group, and group companies are involved in certain legal proceedings. Any adverse judgment in any of these cases could negatively impact the company’s reputation and business prospects.
Travels & Rentals' revenue is dependent on its client base in India. In the event of any adverse developments in the economic conditions of the country, the company’s operations could be negatively impacted.
Travels & Rentals' group company, Ergoflex (I) Private Limited, has witnessed financial losses in three consecutive years. In FY21, FY22, and FY23, the losses were Rs 3.67 crore, Rs 4.46 crore, and Rs 5.03 crore, respectively.
Since its inception, the company has not paid any dividends.
The company has unsecured and secured loans amounting to Rs 4.71 crore as of March 31, 2024. Any inability to repay or service these loans on time could negatively impact the business’s standing.
Travels & Rentals Financials
*All values are in Rs. Cr
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Application Details of Travels & Rentals IPO
| Apply as | Price band | Apply upto |
|---|---|---|
| Regular | ₹40 - 40 | ₹2 - 5 Lakh |
| High Networth Individual | ₹40 - 40 | ₹2 - 5 Lakh |
For Travels & Rentals IPO, eligible investors can apply as Regular.