Travels & Rentals IPO Subscription Status

Travels & Rentals IPO - Day 3 Subscription at 81.84 times

Travels & Rentals' initial public offering (IPO) has garnered exceptional investor interest, with subscription rates soaring over the three-day period. Starting modestly on day one, the IPO witnessed a dramatic surge in demand, resulting in an impressive 608.22 times oversubscription by the close of day three. This remarkable response underscores the strong market appetite for Travels & Rentals' shares and sets the stage for a potentially dynamic listing.

The IPO, which opened on 29th August 2024, has seen exponential growth in investor participation across categories. The retail segment has shown exceptional demand, reflecting high confidence among individual investors in the company's prospects. The Non-Institutional Investors (NII) category has demonstrated overwhelming interest, while data for Qualified Institutional Buyers (QIB) was not provided in the given information.

This enthusiastic response to Travels & Rentals' IPO comes amid positive sentiment in the Indian stock market, particularly towards companies in the travel and tourism sector. The company's comprehensive range of travel-related products and services appears to have strongly resonated with investors looking for exposure to India's growing tourism industry.

Subscription Status of Travels & Rentals IPO for Days 1, 2, and 3:

On day 1, Travels & Rentals IPO was subscribed 3.97 times. By the end of day 2,  the subscription status had risen to 11.75 times; on day 3, it skyrocketed to 608.22 times.

Here are the subscription details for Travels & Rentals IPO as of Day 3 (2nd September 2024 at 5:27:08 PM)

Note:

• The "Shares Offered" and "Total Amount" are calculated using the highest price in the issue price range.
• The shares allocated to anchor investors or market makers are excluded from the total shares offered.
• The portion allocated to Market Makers is not factored into the NII/HNI segment.

Key Highlights:

• The IPO of Travels & Rentals is currently subscribed 608.22 times, with exceptional demand across investor categories.
• Non-Institutional Investors (NII) have shown overwhelming interest, with a subscription ratio of 754.62 times.
• Retail investors have demonstrated strong enthusiasm, with a subscription ratio of 429.43 times.
• The overall subscription trend shows a dramatic increase day-on-day, indicating extremely high investor confidence and positive sentiment towards the issue.

Travels & Rentals IPO - Day 2 Subscription at 11.75 Times

Key Highlights:

• On Day 2, Travels & Rentals' IPO was subscribed 11.75 times, with strong demand from Retail Individual Investors (RII).
• Retail investors showed increased interest with a subscription ratio of 20.24 times, nearly tripling their subscription from the previous day.
• The Non-Institutional Investors (NII) category subscription improved to 3.27 times, showing growing interest from this segment.
• The overall subscription trend indicated building momentum, with both investor categories showing increased participation.
• The company's strong presence in the travel and tourism sector likely contributed to the growing investor interest.

Travels & Rentals IPO - Day 1 Subscription at 3.97 Times

Key Highlights:

• The IPO of Travels & Rentals was subscribed 3.97 times on Day 1, with strong initial demand from Retail Individual Investors (RII).
• Retail investors showed early interest with a subscription ratio of 7.01 times, indicating positive sentiment among individual investors.
• Non-Institutional Investors (NII) showed initial interest with a subscription ratio of 0.92 times.
• The strong first-day response laid a solid foundation for the remaining days of the IPO, with expectations of increased participation in the following days.
• Market observers noted that the robust opening day response reflected investor confidence in the company's business model and growth prospects in the travel and tourism sector.

 
About Travels & Rentals Limited

Incorporated in 1996, Travels & Rentals Limited provides a wide range of travel-related products and services for complete travel solutions. The company offers airline tickets, hotels, tour packages, rail tickets, as well as additional services like travel insurance, passport & visa processing, and tickets for activities and attractions. This comprehensive offering allows the company to cater to various aspects of travel planning and execution for its clients.

The products/services of the company include:

1. Air ticketing - domestic and international flights
2. Packaged Tours - inbound and outbound customised tours
3. Hotel Reservation - worldwide hotel reservation and packages
4. Visa, Passport, Insurance and other related specialized services

The company has established a strong network with travel agents across Europe, the USA, South and Southeast Asia, the Middle East, Africa, and Australia. This extensive network enables Travels & Rentals to offer its customers a wide range of options and competitive prices, enhancing its market position in the travel industry.

Travels & Rentals Limited boasts several important accreditations and memberships that underscore its credibility in the travel sector. The company is accredited by the International Air Transport Association (IATA) in Geneva, Switzerland, a crucial recognition for any travel agency. It is also recognized by the Ministry of Tourism, Government of India, further validating its operations at a national level. Additionally, the company is a member of the Travel Agent Association of India (TAAI) and the Indian Association of Tour Operators (IATO), indicating its active participation in industry associations and adherence to industry standards.

As of March 31, 2024, the company has 58 employees, reflecting its operational scale and capacity to handle various travel-related services.

Read about Travels & Rentals IPO

Highlights of the Travels & Rentals IPO:

• IPO type: Fixed Price Issue
• IPO size: ₹12.24 crores
• Fresh issue: 30.6 lakh shares
• Face value: ₹10 per share
• Issue price: ₹40 per share
• Lot size: 3000 shares
• Minimum investment for retail investors: ₹120,000
• The minimum investment for HNI: 2 lots (6,000 shares), ₹240,000
• Listing at: BSE SME
• IPO opens: 29th August 2024
• IPO closes: 2nd September 2024
• Allotment date: 3rd September 2024
• Listing date: 5th September 2024
• Registrar: Cameo Corporate Services Limited