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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 open date is 29th August 2024 and close date is 2nd September 2024. IPO Allotment Date is 3rd September 2024 and Listing date is 5th September 2024.Travels & Rentals IPO size is Rs 12.24 Cr. crores with IPO price of Rs 40.00 Cr.. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Finshore Management Services Limited is the book-running lead manager of the Travels & Rentals IPO. Cameo Corporate Services Limited is the Registrar and Market Maker is Black Fox Financial Private Limited for Travels & Rentals IPO.
Travels & Rentals IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Travels & Rentals IPO, based in Kolkata, operates in the Travel And Tourism sector with a focus on offers airline tickets, hotels, tour packages, rail tickets. The company is launching its SME IPO on the BSE SME exchange, using the Fixed Price Issue method. Travels & Rentals IPO size is ₹ 12.24 Cr. Crores with fresh issue size of Rs 12.24 Cr. Crores and Offer for sale being Nil.
The IPO allotment date for Travels & Rentals IPO is expected to be 3rd September 2024, after the finalization of basis of allotment. Investors can check Travels & Rentals IPO allotment status on the registrars website, Cameo Corporate Services Limited. Travels & Rentals IPO refund dates are 4th September 2024.
Travels & Rentals IPO is expected to be listed on 5th September 2024.
The upper price band for the Travels & Rentals IPO is set at ₹ 40.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Travels & Rentals IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Travels & Rentals IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 2nd September 2024. After submission, funds are blocked until the basis of allotment of Travels & Rentals IPO is finalised.
The merchant banker for Travels & Rentals IPO is Finshore Management Services Limited . Finshore Management Services Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Travels & Rentals IPO RHP for further details.
The registrar for Travels & Rentals IPO is Cameo Corporate Services Limited. Investors can go to Cameo Corporate Services Limited registrar website for IPO allotment status, refund processing, and other queries related to Travels & Rentals IPO through their official website or helpline.
Travels & Rentals IPO was subscribed 608.46 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 12.24 Cr.
Avg IPO Size (Sector Based)
:
₹ 28.88 Cr.
Sector: Travel And Tourism
SME IPO so far:
8
Merchant Banker:
Finshore Management
SME IPO by BRLM so far:
47
City:
Kolkata
SME IPO so far:
69
Revenue (annualised):
₹ 0.08 cr.
PE
Ratio:
15.11x
Average Sector PE Ratio: 12.87x
Travels & Rentals IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Travels & Rentals Financial Review Page
Merchant Banker(s) of Travels & Rentals IPO: Finshore Management Services Limited
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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