Travels & Rentals Limited (BSE SME)
August 29, 2024 – September 2, 2024
| Price | ₹40 - ₹40 |
| Premium | ₹20 |
|---|---|
| Lot size | 3000 |
| Allotment | Sep 3, 2024 |
| Listing | Sep 5, 2024 |
161, Lenin Sarani
Dharmatala
Kolkata - 700013,
Phone: +91 33 40000777
Email: cs@travelsandrentals.com
Website: https://www.travelsandrentals.in/
Last updated on 02-Sep-2024 18:49:02
| Category | Offered | Applied | Times |
|---|---|---|---|
| HNIs | 1452000 | 1144098000 | 787.95 |
| Retail | 1455000 | 625050000 | 429.59 |
| Total | 2907000 | 1722090000 | 592.39 |
| Total Applications: 259352 | |||
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹42.31 | @8% ₹48.36 | @9% ₹54.4 | @10% ₹60.45 | @11% ₹66.49 | @12% ₹72.53 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 3000 | 120000 | 485 |
| HNI | 2 | 6000 | 240000 | 484 |
IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| Retail | 47.5% | 1455000 |
| Other | 47.5% | 1452000 |
| Market Maker | 5.0% | 153000 |
| Total No. of Shares | 100.0% | 3060000 |
Travels & Rentals IPO Details
| Issue Size | 3,060,000 shares (aggregating up to ₹12.24 Cr) |
| Fresh Issue | 3,060,000 shares (aggregating up to ₹12.24 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 8,142,685 |
| Share holding post issue | 11,202,685 |
| Market Maker portion | 153,000 shares Black Fox Financial |
Key Performance Indicator
| KPI | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| ROE | 26.72% | 24.45% | 15.12% |
| ROCE | 27.54% | 22.33% | 15.11% |
| RONW | 20.06% | 20.31% | 14.06% |
| EPS (Diluted) | 3.64 | 2.14 | 1.12 |
| P/E Pre IPO | 10.98 | ||
| P/E Post IPO | 15.11 |
Company Financials
Travels & Rentals Limited Financial Information (Restated)
Travels & Rentals Limited's revenue increased by 39% and profit after tax (PAT) rose by 97% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period | Mar 2024 | Mar 2023 | Mar 2022 | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | 2,469.85 | 1,647.11 | 1,334.29 | |||||||||||||||||||||||||||
| Revenue | 803.54 | 579.06 | 290.59 | |||||||||||||||||||||||||||
| Profit | 296.55 | 150.64 | 69.01 | |||||||||||||||||||||||||||
| Net Worth | 1,478.48 | 741.52 | 490.88 | |||||||||||||||||||||||||||
| Reserves | 664.21 | 540.33 | 314.69 | |||||||||||||||||||||||||||
| Borrowing | 470.94 | 560.97 | 755.41 | |||||||||||||||||||||||||||
| Amount in Lakhs | ||||||||||||||||||||||||||||||
About Company
Incorporated in 1996, Travels & Rentals Limited is a comprehensive travel solutions provider offering an extensive range of services, including airline ticketing for both domestic and international flights, customizable inbound and outbound tour packages, and worldwide hotel reservations. In addition to these core services, the company facilitates visa and passport processing, travel insurance, and tickets for various activities and attractions. With a robust network of travel agents spanning Europe, the USA, South and Southeast Asia, the Middle East, Africa, and Australia, Travels & Rentals Limited has established a global presence. The company is accredited by the International Air Transport Association (IATA) in Geneva and recognized by the Ministry of Tourism, Government of India. It is also a member of the Travel Agent Association of India (TAAI) and the Indian Association of Tour Operators (IATO). As of March 31, 2024, the company employs 58 dedicated professionals committed to delivering exceptional travel experiences.
Strength
Established Track Record: Proven success and reliability build trust and ensure effective strategies.
Experienced Promoters: Industry knowledge and strategic insight enhance credibility and growth.
Skilled Management and Efficient Workforce: Effective leadership and motivated staff drive productivity and success.
Weakness
Legal Proceedings: Ongoing legal issues involving the company and its affiliates could negatively impact our business, operations, and financial health.
Intense Industry Competition: The highly competitive travel industry may pose challenges in maintaining or growing market share.
Negative Cash Flow: Recent sustained negative cash flow could adversely affect our financial stability and operational performance.