TRAVELS & RENTALS LIMITED

29 Aug 2024 - 02 Sep 2024 Individual Category SME BSE

Min Investment

₹240000

Price Band

₹40

Issue Size

30.6 lakhs
Equity Shares

Lot Size

3000 (per lot)

IPO Dates
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29 Aug 2024

Open Date

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02 Sep 2024

Close Date

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03 Sep 2024

Allotment Date

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05 Sep 2024

Listing Date

Travels & Rentals is open for subscription from   Thursday, August 29, 2024, and closes on Monday, September 2, 2024. The price for this IPO is set at Rs 40 per share. Travels & Rentals IPO is offering entirely a fresh issue of 30.60 lakh of equity shares. The allotment for this new IPO is expected to be finalised on Tuesday, September 3, 2024. The listing of this IPO will be done on Thursday, September 5, 2024, at the BSE SME segment. The minimum lot size set for the retail category is 1 lot, i.e., 3000 shares. For retail investors, the minimum and maximum investment amount required is Rs 120,000. However, for the HNI category, the minimum lot size is 2 lots, i.e., 6000 shares amounting to Rs 240,000. The IPO is managed by Finshore Management Services Limited, which is the book-running lead manager of this public issue. The company has appointed Cameo Corporate Services Limited as the registrar for the issue.

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About Travels & Rentals Limited

Travels & Rentals Limited, incorporated in 1996, is a private limited company specialising in providing travel-related products and services of the widest variety with complete travel solutions. The company provides airline ticketing- domestic and international all airways, customised packaged tours inbound and outbound, hotel bookings around the world, and other specialised services like visas, passports, travel insurance, and tickets for activities and attractions. This company, approved by the International Air Transport Association (IATA) and recognised by the Ministry of Tourism, Government of India, has its travel agents in a good number across Europe, the USA, South and South-East Asia, the Middle East, African continent, and Australia. Again, Travels & Rentals Limited is a member of the Travel Agent Association of India (TAAI) and the Indian Association of Tour Operators (IATO).

Founded

1996

Managing Director

Parent Organization

IPO Objectives

The company intends to utilise the funding raised by the public issue for working capital requirements and for general corporate purposes.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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How to Apply for IPO

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IPO Allotment

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