Travels & Rentals IPO Date, Review, GMP Price, Details

Travels & Rentals IPO Date : Travels & Rentals IPO Date is Open on 29 August 2024 and Close on 02 September 2024. Travels & Rentals IPO to Raise 3,060,000 shares (Approx ₹12.24 Cr) via IPO. The Fresh issue of 3,060,000 shares (Approx ₹12.24 Cr).

LCCI has worldwide travel agency franchisee network in around 580 locations in 105 countries. Being a franchisee of Lufthansa City Center, we are authorized to use the brand name of Lufthansa City Center of our business activities. Recently this year, our company
has entered into Sales and Marketing Agreement with Group Voyagers Inc. [registered under the trade names of Globus, Cosmos and Avalon Waterways (“Globus family of brands”)] for the sale of Globus family of brands travel products in India.

We are accredited by IATA (International Air Transport Association, Geneva, Switzerland), recognized by Ministry of Tourism, Government of India, member of TAAI (Travel Agent Association of India) and member of IATO (Indian Association of Tour Operators).

Our Business is completely dependent on the geographical changes. The current environmental conditions going on in the destination is very important for a customer.

SWOT ANALYSIS 

Strengths

• Experienced, dedicated and goal-oriented management team.
• Effective cost management.
• In-depth commercial and technical industry knowledge.

Weakness

• Enhanced requirement of working capital.
• Need for aggressive marketing strategies.
• Non-availability of our online platform through mobile app.

Opportunities

• Adoption of updated technology
• The increasing interest of investors in the sector
• Tapping public equity to reduce finance cost
• Opportunities in the global market

Threats

• Industry is prone to changes in Government policies.
• Intense competitive pressure.
• Top line driven yet loss making online travel agencies diverting business from profit driven organizations.

Travels & Rentals IPO Date & Price Band Details

Travels & Rentals IPO Market Lot Details

Object of the Issue

• To meet the Working Capital Requirements.
• To meet the Issue Expenses.
• General Corporate Purposes.

Travels & Rentals IPO Allotment & Listings (Details)

Travels & Rentals Financial Reports

Our Company Promoters

1. Devendra Bharat Parekh
2. Karuna Parekh
3. Anupama Singhi
4. Tushar Singhi

Qualitative Factors

• Established and proven track record.
• Leveraging the experience of our Promoters.
• Experienced management team and a motivated and efficient work force.
• Cordial relations with our customers.
• Quality Assurance & Control.

Comparison of Accounting Ratios with Listed Peer Group Companies

Also Read: Jeyyam Global Foods

Travels & Rentals Company Contact Details

161 Lenin Sarani, Dharmatala,
Kolkata – 700013, West Bengal, India
Contact Person: Ms. Jaya Jain
Contact No: +91 33 4000 0777
Email ID: cs@travelsandrentals.com
Website: www.travelsandrentals.in

Travels & Rentals Lead Manager

FINSHORE MANAGEMENT SERVICES LIMITED
‘Anandlok’, Block-A, 2nd Floor, Room No. 207,
227 A.J.C Bose Road, Kolkata-700020, West Bengal
Telephone: +91 33 4603 2561 / 2289 5101
Email: info@finshoregroup.com
Website: www.finshoregroup.com
Investor Grievance Email: investors@finshoregroup.com
Contact Person: Mr. S. Ramakrishna Iyengar

Travels & Rentals IPO Registrar

CAMEO CORPORATE SERVICES LIMITED
“Subramanian Building”, No. 1, Club House Road,
Chennai – 600 002, India
Telephone: +91-44-40020700
Email: ipo@cameoindia.com
Contact Person: Ms. K. Sreepriya
Website: www.cameoindia.com