
Travels & Rentals Limited
listed
₹1.20LMin. investment
About Travels & Rentals Limited
Issue size
₹12.24Cr
IPO type
SME
Price range
₹40.00 – ₹40.00
Lot size
3000 shares
RHP/DRHP
Read
Price range₹40.00 – ₹40.00
IPO type
SME
Lot size3000 shares
Issue size₹12.24Cr
RHP/DRHP
Read
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About Travels & Rentals Limited
Incorporated in 1996, Travels & Rentals Limited, a prominent player in India’s tourism and hospitality sector, has built a solid reputation over the past 25 years. Since 2010, the company has proudly operated as a franchisee of Lufthansa City Center International GmbH (LCCI), rebranding its operations as “Business Plus Lufthansa City Center” in India in 2013. This affiliation with LCCI, which boasts a global network of around 580 locations across 105 countries, has allowed Travels & Rentals to leverage the esteemed Lufthansa City Center brand. The company's broad range of services includes airline tickets, hotel reservations, tour packages, rail tickets, and ancillary offerings such as travel insurance, passport and visa processing, and tickets for various activities and attractions.
The company’s recent expansion includes a Sales and Marketing Agreement with Group Voyagers Inc., which operates under the trade names Globus, Cosmos, and Avalon Waterways. This partnership enhances Travels & Rentals’ portfolio, providing Indian travelers access to the diverse travel products offered by the Globus family of brands. With this addition, the company continues to strengthen its position in the market by offering high-quality travel solutions tailored to meet the specific needs of its clients.
Travels & Rentals Limited prides itself on its ability to adapt to geographical and environmental changes, ensuring that travel recommendations and packages are seasonally appropriate and aligned with current conditions. The company’s commitment to understanding client needs and delivering exceptional service is reflected in its personalized tour packages and professional approach. This client-centric philosophy has been a key driver of its impressive growth and continued success in the competitive travel industry.
Accredited by IATA, recognized by the Ministry of Tourism, Government of India, and affiliated with TAAI and IATO, Travels & Rentals operates with a high standard of professionalism and industry credibility. The company’s dedication to expanding its product range and updating offerings ensures it remains at the forefront of the market. By continuously innovating and differentiating its services, Travels & Rentals Limited strives to provide premium travel solutions and exceptional experiences to both individual and group travelers, aiming to achieve global reach and deliver excellence in every aspect of travel.
Travels & Rentals Limited prepares for its Initial Public Offering (IPO), the proceeds from the Fresh Issue will be allocated towards critical objectives:
- To meet the Working Capital Requirements
- General Corporate Purposes
Frequently asked questions
How to invest in the IPO?
Investors can apply for the IPO through their Demat account via the stock exchange or through their broker.
What is the issue size of Travels & Rentals Limited ?
The issue size of the Travels & Rentals Limited is 12.24 Cr.
What is 'pre-apply' for Travels & Rentals Limited ?
Pre-applying for an IPO allows you to submit your application before the official subscription period begins.
Which exchanges will Travels & Rentals Limited shares list on?
The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.
Timeline
- Bidding starts29 Aug 2024
- Bidding ends2 Sep 2024
- Allotment finalisation31 Aug 2024
- Release of funds4 Sep 2024
- Demat transfer3 Sep 2024
- Listing5 Sep 2024