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| IPO Listing At | BSE SME |
| SME IPO Issue Type | Fixed Price Issue |
| Total Issue Size | ₹12.24 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹12.24 Cr |
| Fresh Issue | ₹11.63 Cr |
| Face Value | ₹10 Per Equity Share |
| Issue Price | ₹40.00 per share |
| Discount | Retail: 0.00 |
| BSE Code | 544242 |
| Registrar | Cameo Corporate Services Ltd. |
| Lead Managers | Finshore Management Services Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 3,000 shares and in multiples thereof
Incorporated in 1996, Travels & Rentals Limited provides a wide range of travel-related products and services for complete travel solutions. The company offers airline tickets, hotels, tour packages, rail tickets, as well as additional services like travel insurance, passport & visa processing, and tickets for activities and attractions.
The products/services of the company include the following:
The company has a strong network with travel agents across Europe, the USA, South and Southeast Asia, the Middle East, Africa, and Australia.
The company is accredited by the International Air Transport Association (IATA) in Geneva, Switzerland. It is also recognized by the Ministry of Tourism, Government of India and is a member of both the Travel Agent Association of India (TAAI) and the Indian Association of Tour Operators (IATO).
As of March 31, 2024 the company has 58 employees.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet the Working Capital Requirements | 8.03 |
| 2 | General Corporate Purposes | 2.50 |
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 24.70 | 16.47 | 13.34 |
| Total Income | 8.04 | 5.79 | 2.91 |
| Profit After Tax | 2.97 | 1.51 | 0.69 |
| NET Worth | 14.78 | 7.42 | 4.91 |
| Reserves and Surplus | 6.64 | 5.40 | 3.15 |
| Total Borrowing | 4.71 | 5.61 | 7.55 |
| Amount in ₹ Crore | |||
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 26.72% |
| ROCE | 27.54% |
| Debt / Equity | 0.32% |
| RoNW | 20.06% |
| PAT Margin | 36.91% |
| Price to Book Value | 2.20 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 3.64 | 2.65 |
| P/E (x) | 10.98 | 15.11 |
| Promoter Holding | 86.48% | 62.86% |
| Market Cap | ₹44.81 Cr. | |
