Travels & Rentals IPO

Travels & Rentals Ltd

₹1,20,000 /3000 sharesMinimum Investment

Travels & Rentals IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
--₹40.00₹55.00₹15.00 (37.50%)

Travels & Rentals IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
29 Aug ‘24 - 2 Sep ‘24₹1,20,0003,000₹40 - ₹40
Issue SizeIPO Doc
12.24Cr
RHP PDF

About Travels & Rentals

Travels & Rentals is a travel service provider. The company’s offerings include the booking of airline tickets, hotel reservations, and complete tour packages, along with rail tickets. They also provide ancillary services such as travel insurance, assistance with passport and visa processing, and booking tickets for various activities and attractions. Travels & Rentals has been an authorised franchisee of Lufthansa City Centre International GmbH (LCCI) since 2010. In 2013, the company was granted the rights to operate under the "Business Plus Lufthansa City Centre" brand in India. Recently, it established a Sales and Marketing Agreement with Group Voyagers Inc., known by the trade names Globus, Cosmos, and Avalon Waterways, to distribute the Globus family of brands' travel products within India.;
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.

Travels & Rentals Financials

*All values are in Rs. Cr
No Graph Data To Display

Application Details of Travels & Rentals IPO

Apply asPrice bandApply upto
Regular40 - 40₹2 Lakh
High Networth Individual40 - 40₹2 - 5 Lakh
For Travels & Rentals IPO, eligible investors can apply as Regular.
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