Travels & Rentals SME IPO Details, Financials, Valuation & Peers
Get everything you need to know about the Travels & Rentals IPO. Explore Travels & Rentals IPO details, including IPO dates, financial statements, valuation, peer comparison, and more.
Overview
Travels & Rentals Limited, established in 1990, is a well-established travel services provider offering comprehensive solutions like air ticketing (domestic and international), hotel reservations, customized tour packages, and specialized services such as visa processing and travel insurance. The company operates under the "Business Plus Lufthansa City Center" brand and has recently partnered with the Globus family of brands for travel product sales in India. With over 25 years of industry experience and accreditations from IATA and the Ministry of Tourism, Travels & Rentals is recognized for its personalized services and robust infrastructure. Backed by strategic leadership and a strong global network, the company continues to expand its product range and reach.
Key Points:
- Franchisee Partnership: Franchisee of Lufthansa City Center since 2010, authorized to operate as "Business Plus Lufthansa City Center" in India.
- Service Portfolio: Offers end-to-end travel solutions, including air ticketing, hotel reservations, tour packages, visa services, travel insurance, and more.
- Industry Recognition: Accredited by IATA, recognized by the Ministry of Tourism (Government of India), and a member of key industry associations such as TAAI and IATO.
- Awards and Accolades: Recipient of numerous awards from airlines like Lufthansa, Jet Airways, Singapore Airlines, and more for exceptional performance and sales achievements.
- Strategic Partnerships: Recently entered into a Sales and Marketing Agreement with Group Voyagers Inc. (Globus, Cosmos, Avalon Waterways) for promoting their travel products in India.
- Focus on Expansion: Aims to expand its global footprint and continuously update its product range to stay competitive in the evolving travel market.
Objects of the Issue
- To meet the Working Capital Requirements
- General Corporate Purposes
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 29 Aug - 02 Sep 2024 |
| IPO Price Band | ₹40 per share |
| Fresh Issue | 30,60,000 shares |
| Offer For Sale | NIL |
| Total IPO Size | ₹12.24 crore |
| Face Value | ₹ 10 |
| Listing On | BSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 29 Aug 2024 |
| IPO Closing Date | 02 Sep 2024 |
| Basis Of Allotment | 03 Sep 2024 |
| Refunds | 04 Sep 2024 |
| Demat Transfer | 04 Sep 2024 |
| IPO Listing Date | 05 Sep 2024 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | 31st March 2024 |
|---|---|---|---|---|
| Total Income | 2.00 | 2.91 | 5.79 | 8.04 |
| Total Expenses | 2.01 | 2.00 | 3.65 | 3.84 |
| Net Profit/Loss | 0.04 | 0.69 | 1.51 | 2.97 |
| NPM (*) | 1.84 | 23.75 | 26.01 | 36.91 |
| Total Assets | 12.80 | 13.34 | 16.47 | 24.70 |
| Total Liabilities | 8.58 | 8.43 | 9.06 | 9.91 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | 31st March 2024 |
|---|---|---|---|---|
| EPS | 0.06 | 1.12 | 2.14 | 3.64 |
| ROE (%) | 0.88 | 15.12 | 24.45 | 26.72 |
| ROCE (%) | 7.70 | 15.11 | 22.33 | 27.54 |
| D/E Ratio | 1.97 | 1.54 | 0.76 | 0.32 |
| Current Ratio | 4.75 | 2.94 | 1.79 | 2.39 |
| EBITDA MARGIN (%) | 46.10 | 55.20 | 41.97 | 57.75 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| Travels & Rentals Limited | 7.53 | 10.99 | 3.64 | 20.06 | 18.16 |
| Sailani Tours N Travels Limited | 23.46 | 38.73 | 0.63 | 4.10 | 15.41 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 0 |
| Non-Institutional Investor (NII/HNI) | 754.64 |
| Retail Individual Investor (RII) | 429.9 |
| Total | 608.46 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
Cameo Corporate Services Limited
Phone: +91 - 44 – 40020700
Email: investor@cameodina.com
Website: www.cameoindia.com
Company Promoters
- MR. DEVENDRA BHARAT PAREKH
- MRS. KARUNA PAREKH
- MRS. ANUPAMA SINGHI
- MR. TUSHAR SINGHI
Lead Managers
- FINSHORE MANAGEMENT SERVICES LIMITED
Company Address
Travels & Rentals Limited
161, Lenin Sarani, Dharmatala, Kolkata – 700013, West Bengal, India
Phone: +91 33 4000 0777
Email: cs@travelsandrentals.com
Website: www.travelsandrentals.in
FAQs
- What is the issue size of the Travels & Rentals SME IPO?The Travels & Rentals SME IPO has an issue size of ₹12.24 crore. This includes a fresh issue of 30,60,000 shares and an offer for sale (OFS) of NIL.
- What is the price band of the Travels & Rentals IPO?The price band for the Travels & Rentals IPO is ₹40 per share.
- What are the bidding dates for the Travels & Rentals IPO?The Travels & Rentals IPO will open for bidding on 29 Aug 2024 and close on 02 Sep 2024.
- What is the allotment date for the Travels & Rentals IPO?The allotment date for the Travels & Rentals IPO is 03 Sep 2024.
- What is the listing date for the Travels & Rentals IPO?The listing date for the Travels & Rentals IPO is 05 Sep 2024.
- What is the Travels & Rentals IPO grey market premium?The grey market premium (GMP) for the Travels & Rentals IPO is currently at ₹20, with an expected listing gain of approximately 50%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.