Travels & Rentals Limited IPO GMP

Based at the heart of Kolkata, India, Lufthansa City Center Travels and Rentals is delivering the best-in-class travel services since 1987. With a wide range of clients from various industries of Chemical, Tea, Oil & Minerals, Steel, Engineering, IT, Healthcare, Refractories, Financial, Food Processing, Media & Entertainment, Fashion, Real Estate, Consulates, Chambers and much more adding to the list, they are happy to serve them consistently by delivering value added travel solutions and tech solutions assisted by end-to-end travel support.

Travels & Rentals, a Fixed Price Issue amounting to ₹12.24 crores, consisting entirely an Fresh Issue of 30.6 Lakh Shares. The subscription period for the Travels & Rentals IPO opens on August 29, 2024, and closes on September 02, 2024. The allotment is expected to be finalized on or about Tuesday, September 3, 2024, and the shares will be listed on the BSE SME with a tentative listing date set on or about Thursday, September 05, 2024.

The Share price of Travels & Rentals IPO is set at ₹40 equity per share, with a minimum lot size of 3,000 shares. Retail investors are required to invest a minimum of ₹120,000, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (6,000 shares), amounting to ₹240,000.

FINSHORE MANAGEMENT SERVICES LIMITED is the book-running lead manager, CAMEO CORPORATE SERVICES LIMITED is the registrar for the Issue. Black Fox Financial Private Limited will act as the Market Maker for the Travels & Rentals IPO.

Travels & Rentals Limited IPO GMP Today
The Grey Market Premium of Travels & Rentals Limited IPO is expected in the range of ₹16 to ₹20 based on the financial performance and subscription status of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Travels & Rentals Limited IPO Live Subscription Status Today
As of 12:23 PM on 2nd September 2024, the Travels & Rentals Limited IPO live subscription status shows that the IPO subscribed 131.91 times on its last day of subscription period. Check the Travels & Rentals Limited IPO Live Subscription Status Today at BSE.

Travels & Rentals Limited IPO Allotment Status
Travels & Rentals IPO allotment date is 3rd September, 2024, Tuesday. Travels & Rentals IPO Allotment will be out on 3rd August 2024 and will be live on Registrar Website from the allotment date. Check Travels & Rentals Limited IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Travels & Rentals Limited IPO from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Travels & Rentals Limited IPO
Travels & Rentals Issue Proceeds from the Fresh Issue will be utilized towards the following objects : 
A. ₹803.30 Lakhs is required to meet the Working Capital Requirements 
B. ₹250.00 Lakhs is required for General Corporate Purposes

Refer to Travels & Rentals Limited RHP for more details about the Company.