58  Total SME IPOs listed in 2025

2,593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

Travels & Rentals Limited IPO Analysis

Travels & Rentals IPO is a book build IPO listing on BSE SME exchange. The company is based in Kolkata and caters to Travel And Tourism sector. Finshore Management Services is the merchant banker of Travels & Rentals IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 2nd May 2024.

Travels & Rentals IPO posted revenues of Rs 8.04 crores and PAT of Rs 2.97 crores in FY25 on annualised basis.

Nature of IPO : SME
Exchange : BSE SME
IPO Type : Fixed Price

Travels & IPO Financial Performance (Restated)

Financial results of Travels & Rentals IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.

Amount in ₹ crores
Financials
FY 24
FY 23
FY 22
Balance Sheet
Assets
0.25
0.16
0.13

Net Worth
0.15
0.07
0.05

Total Debt
0.05
0.06
0.08

Profit & Loss
Revenue
Revenue on annualised basis
0.08
0.08
0.06
0.03

EBITDA
EBITDA on annualised basis
0.04
0.04
0.02
0.02

PAT
PAT on annualised basis
0.03
0.03
0.02
0.01

Notes:
1) Total debt incluides long-term borrowings and short-term borrowings.
2) Revenue means the Revenue from Operations as appearing in the Restated Financial Statements.

Travels & IPO Key performance Indicators (KPI)

Travels & Rentals IPO PAT Margin is 37.50%, ROCE (Return on Capital Employed) is [●]% as per latest financial. The below table shows Travels & Rentals IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.

Particulars
FY 24
FY 23
FY 22

EBITDA Margin (%)
50.00
33.33
66.67

PAT Margin (%)
37.50
33.33
33.33

EPS (Rs.)
0.63
1.04
1.01

ROE (%)
20.00
28.57
20.00

ROCE (%)
[●]
[●]
[●]

ROA (%)
12.00
12.50
7.69

Debt to Equity (x)  
0.33
0.86
1.60

Notes:
1) The EPS represents post-bonus basic EPS.
2) Return on Equity is ratio of Profit after Tax and Total Equity.
3) Return on Assets is ratio of Profit after Tax and Total Assets.
4) Debt to Equity is ratio of Total borrowings and Total Equity.

Travels & Rentals IPO Valuation Metrics

The market Capitalisation of Travels & Rentals IPO is Rs 44.81 crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.

Key Metrics (at the time of IPO)


Market Capitalisation (Rs. Cr.):
44.81

Enterprice Value (EV) (Rs. Cr.):
44.86

EV/EBITDA (times) :
1,121.50

PE Multiple (times) :
15.11

P/B (times) :
3.62

NAV (Rs.) :
18.16

Notes:
1) The Enterprise Value is calculated as Market Cap. + Total Debt - Cash and Cash Equivalents.
2) Price to Book multiple is calculated as the ratio of Market Cap. and Net Worth post IPO proceeds.

What are the key financial metrics in Travels & prospectus?

The Travels & Rentals IPO prospectus highlights an Return on Equity (ROE) of 15%, Return on Assets (ROA) of 12%, and an EBITDA Margin of 18%, showcasing financial performance.

How do profitability ratios impact the evaluation of Travels & IPO?

Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows Travels & Rentals IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.

What is the market capitalisation for Travels & IPO ?

The post-IPO market capitalisation of Travels & Rentals IPO is ₹44.81 Cr, based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.

What is the PE Multiple of Travels & IPO?

The Travels & Rentals IPO has a Price-to-Earnings (PE) ratio of 15.11 X, indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.

What is the Revenue of Travels & Rentals IPO?

Travels & Rentals IPO reported revenue of ₹8.04 Cr in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from Travels & Rentals IPO provide insights into sales growth, market demand, and business scalability.

What is the EBITDA of Travels & Rentals IPO?

Travels & Rentals recorded an EBITDA of ₹ 0.04 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.

What is the PAT of Travels & Rentals IPO?

Travels & Rentals Profit After Tax (PAT) is ₹0.03 Cr, reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 0.08 Cr.
            EBITDA: ₹ 0.04 Cr.
            PAT: ₹ 0.03 Cr.
  • EBITDA Margin: 50.00 %
            Pat Margin: 37.50%
  • Net Worth: ₹ 0.15 Cr.
  • Market Capitalisation: ₹ 44.81 Cr.
  • P/E: 15.11 times
  • P/BV: 3.62 times
  • EV/EBITDA: 1,121.50 times

Revenue

(As Annualised)

EBITDA

(As Annualised)

PAT

(As Annualised)
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FAQs

Travels & Rentals operates in Travel And Tourism and Offers Airline Tickets, Hotels, Tour Packages, Rail Tickets. The Issue is listed on BSE SME in Sep, 2024. Travels & Rentals IPO size was 12.24 with Issue price of 40.00 .

Travels & Rentals IPO subscription was 608.46 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Travels & Rentals IPO listed at a listing price of 57.75 against the offer price of 40.00.

The current market price of Travels & Rentals is 54.50.

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