As the travel industry bounces back, the Travels & Rentals IPO is emerging as an exciting investment opportunity in 2024. Opening for subscription from August 29, 2024, to September 2, 2024, this IPO is priced at ₹40 per share, offering investors a chance to be part of a company with a strong market presence and ambitious growth plans.

Why Consider Travels & Rentals?

1. Strong Financial Growth:
   In the year ending March 31, 2024, Travels & Rentals saw a 39% rise in revenue and a 97% increase in profit after tax (PAT). This impressive growth shows the company's resilience and ability to capitalize on the growing demand for travel services.
2.  Wide Range of Services:
   The company offers a variety of travel-related services, including air ticketing, packaged tours, hotel bookings, and specialized services like visa processing and travel insurance. With a presence in Europe, the USA, Asia, and more, Travels & Rentals is well-positioned in the global travel market.
3.  Affordable Investment:
   For retail investors, the minimum investment is ₹120,000, making it accessible for many. High Net Worth Individuals (HNIs) can participate with ₹240,000. The pricing structure is designed to attract a wide range of investors.
4.  Strategic Market Listing:
   Listing on the BSE SME platform, the company aims to increase visibility and access to capital. With Black Fox Financial as the market maker, investors can expect a stable trading environment post-listing.

IPO Details

• Price: ₹40 per share
• Subscription Dates: August 29 - September 2, 2024
• Lot Size: 3,000 shares
• Minimum Investment: ₹120,000 (Retail), ₹240,000 (HNI)
• Total Issue Size: 3,060,000 shares
• Listing: BSE SME

Important Dates

• IPO Opens: August 29, 2024
• IPO Closes: September 2, 2024
• Allotment Date: September 3, 2024
• Refunds Initiated: September 4, 2024
• Shares Credited to Demat: September 4, 2024
• Listing Date: September 5, 2024

About Travels & Rentals Limited

Founded in 1996, Travels & Rentals Limited offers a wide range of travel services, including domestic and international air ticketing, customized tours, hotel reservations, and specialized services like visa processing. The company has a strong network across Europe, the USA, Asia, and beyond, making it a key player in the global travel industry.

Financial Performance

Travels & Rentals has shown robust financial growth, with a 39% revenue increase and a 97% PAT increase in the year ending March 31, 2024. The company's assets, revenue, and net worth have all seen significant growth, reflecting its strong financial health.
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