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Travels & Rentals IPO
Price Band
₹
Issue Size
₹12.24 Cr
Lot Size
3,000 shares
Min Investment
₹120,000
GMP
+₹20.0 (50.0%)
Issue Price
₹40.0
Subject to Sauda
₹45600
Paid only if allotted
Travels & Rentals IPO AI Summary
- Travels & Rentals IPO is listed on BSE SME in the Tour, Travel Related Services sector.
- Subscription window: 29 Aug–02 Sep 2024, listing on 05 Sep 2024.
- Current GMP is +₹20.0 (50.0%) — unofficial and can change daily.
Travels & Rentals Limited is poised to offer a range of travel services and has shown consistent growth in revenue and profit over the past three years. The IPO aims to raise funds for working capital and corporate purposes, with a competitive P/E ratio compared to its peers.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Travels & Rentals IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 02 Sep 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Travels & Rentals IPO Grey Market Premium (GMP) Today
GMP
+₹20.0
GMP %
+50.0%
Est. Listing
₹60.0
Updated: 25 Jul 2026 14:04
About the Company
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: Air ticketing - domestic and international flights Packaged Tours - inbound and outbound customised tours Hotel Reservation - worldwide hotel reservation and packages. Visa, Passport, Insurance and other related specialized services. 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.
Company Financials (₹ Cr)
As of 2024-03-31
| 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 |
Key Ratios
EPS
₹3.64
NAV
₹18.16
ROE
26.72%
ROCE
27.54%
RoNW
20.06%
P/B Value
2.20
P/E Ratio
10.98
Market Cap
₹44.81 Cr
PAT Margin
36.91%
Debt/Equity
0.32
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Sailani Tours N Travels Ltd | 15.41 | 4.1% | 38.73 | 0.63 | 0.63 |
| Travels & Rentals Limited This IPO | 18.16 | 20.06% | 10.99 | 3.64 | 3.64 |
Promoters
Devendra Bharat Parekh, Karuna Parekh, Anupama Singhi and Tushar Singhi
Objects of the Issue
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
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income increased from ₹2.91 Cr in the year ending 31 Mar 2022 to ₹5.79 Cr by 31 Mar 2023, and further rose to ₹8.04 Cr by 31 Mar 2024. This shows a consistent upward trend in revenue over the three periods.
Profit Trend
Profit After Tax grew from ₹0.69 Cr in the year ending 31 Mar 2022 to ₹1.51 Cr by 31 Mar 2023, and reached ₹2.97 Cr by 31 Mar 2024. This indicates a positive trend in profitability over the observed periods.
Valuation
The company's P/E ratio is 10.99, which is lower than its peer Sailani Tours N Travels Ltd, which has a P/E of 38.73. This suggests that Travels & Rentals Limited may be undervalued compared to its peer.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the expected listing price of an IPO compared to its issue price. A positive GMP suggests that the stock may list at a higher price than the issue price, reflecting investor demand in the grey market.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall portfolio strategy and risk tolerance. It's essential to consider the company's financial health and market position.
Who May Want to Wait
Investors who are risk-averse or those who prefer stable returns may want to avoid this IPO, as investing in IPOs can involve significant market fluctuations and uncertainties.
Listing Gains — The Risk
Listing-day gains can be unpredictable, and while some IPOs may experience a surge in price, others may not. Investors should be aware that market conditions and investor sentiment can significantly influence the stock's performance on its first day of trading.
This evaluation is generated from Travels & Rentals's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Travels & Rentals IPO GMP today?
Travels & Rentals IPO GMP today is +₹20.0 (50.0%). GMP is an unofficial grey-market indicator and can change daily.
When does Travels & Rentals IPO open and close?
Travels & Rentals IPO opens on 29 August 2024 and closes on 02 September 2024.
When does Travels & Rentals IPO list on the stock exchange?
Travels & Rentals IPO listed on 05 September 2024 at ₹60.0.
What is the lot size for Travels & Rentals IPO?
The lot size for Travels & Rentals IPO is 3000 shares, requiring a minimum investment of ₹120,000.
What is the issue price of the IPO?
The issue price of the IPO is ₹40.0.
What is the minimum investment required?
The minimum investment required is ₹120,000.
What is the lot size for this IPO?
The lot size for this IPO is 3000 shares.
When is the listing date for the IPO?
The listing date for the IPO is September 5, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected premium at which the stock may list compared to its issue price.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
29 Aug 2024
Close
02 Sep 2024
Allotment
03 Sep 2024
Listing
05 Sep 2024
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