Travels & Rentals IPO Allotment Status

Summary

Travels & Rentals IPO has garnered an exceptional response from investors, closing with a remarkable subscription of 608.22 times by 2nd September 2024 5:55:10 PM (Day 3). The public issue witnessed substantial demand across various investor categories, with the Non-Institutional Investors (NII) category leading the charge. The NII segment was subscribed 754.62 times, reflecting significant interest from wealthy individual investors and smaller institutions.
Retail investors also showed overwhelming interest, with the IPO being subscribed 429.43 times in this category, highlighting the tremendous attractiveness of the offering to individual investors. This extraordinary response across all categories underscores the strong market enthusiasm for Travels & Rentals' offering and suggests positive investor sentiment towards the company's growth prospects.

How to Check Travels & Rentals IPO Allotment Status:

How do you Check Travels & Rentals IPO Allotment Status on the Registrar's Site?

Step 1: Visit the web gateway of Cameo Corporate Services Limited. (https://ipo.cameoindia.com/)

Step 2: From the selection menu, choose Travels & Rentals IPO (the name will show only after the allotment is finalised).

Step 3: Pick a mode from the following three: PAN ID, Demat Account number, or Application number

Step 4: Choose "Application Type," then "ASBA" or "non-ASBA."

Step 5: Enter the information relevant to the mode you have chosen.

Step 6: For security reasons, please fill out the captcha accurately.

Step 7: Click "Submit."

How to Check Travels & Rentals IPO Allotment Status on BSE?

On the website of the Bombay Stock Exchange (BSE), investors who placed a bid for the Travels & Rentals IPO can monitor the allotment status:

Step 1: Click on this link: https://www.bseindia.com/investors/appli_check.aspx

Step 2: Click on "Issue Type" and choose "Equity."

Step 3: Choose "Travels & Rentals Limited" from the dropdown menu under "Issue Name."

Step 4: Enter your application number.

Step 5: Give the PAN ID.

Step 6: Select 'I am not a robot' and press the search button.

How to Check IPO Allotment Status in a Bank Account?

Log into your Internet Banking: Go to your bank's website or mobile app and log in.

Explore IPO Section: Locate the "IPO Services" or "Application Status" sections by going to the IPO Section. You can find this under the investing or services tab.

Offer Required Information: You might be asked to provide information like your PAN, application number, or other identifiers.

Verify Allotment Status: An IPO allotment status that indicates the available shares for allocation should show up once you submit your information.

Verify Status: To ensure accuracy, you can verify the status with the IPO Registrar or use other resources.

How to Check IPO Allotment Status in a Demat Account?

Open Your Demat Account and Log in: To access your Demat account, use the mobile app or website of your Depository Participant (DP).

Find IPO Section: Look for the section titled "IPO" or "Portfolio." Search for any services or entries connected to the IPO.

Verify IPO Allotment Status: Look through the IPO section to see if the shares you were given are visible in your Demat account. This section often displays the status of your IPO application.

Verify with Registrar: If the IPO shares are inaccessible, visit the Registrar's website and enter your application data to verify allocation.

Contact DP service if Needed: If there are any discrepancies or problems, contact your DP's customer service.

Travels & Rentals IPO Timeline:

Travels & Rentals IPO Subscription Status

The Travels & Rentals IPO received 608.22 subscriptions. By 2nd September 2024 at 5:55:10 PM (Day 3), the public issue had been subscribed 429.43 times in the retail category and 754.62 times in the NII category.

Subscription Day 3 (as of 5:55:10 PM)
Total Subscription: 608.22 times.
Non-institutional investors: 754.62 times.
Retail investors: 429.43 times.

Subscription Day 2
Total Subscription: 11.75 times.
Non-institutional investors: 3.27 times.
Retail investors: 20.24 times.

Subscription Day 1
Total Subscription: 3.97 times.
Non-institutional investors: 0.92 times.
Retail investors: 7.01 times.

Travels & Rentals IPO Details

Travels & Rentals' initial public offering (IPO) is a fixed price issue amounting to ₹12.24 crores. This offering consists entirely of a fresh issue of 30.6 lakh shares.

The bidding process for the Travels & Rentals IPO commenced on 29th August 2024 and concluded on 2nd September 2024. The allotment results for this IPO are anticipated to be finalised on 3rd September 2024. Furthermore, the shares of Travels & Rentals are set to be listed on the BSE SME, with a provisional listing date scheduled for 5th September 2024.

The price for the Travels & Rentals IPO has been established at ₹40 per share. Investors must apply for a minimum lot size of 3000 shares, which requires a minimum investment of ₹120,000 for retail investors. For non-institutional investors (NII), the minimum investment consists of 2 lots (6,000 shares), totalling ₹240,000.

Finshore Management Services Limited serves as the book-running lead manager for the Travels & Rentals IPO. Cameo Corporate Services Limited is designated as the registrar for this offering.