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.
The Company is promoted by Mr. Devendra Bharat Parekh who is the guiding force behind all the strategic decisions of their Company.
Financially, Travels & Rentals revenue increased from ₹290.59 Lakhs in FY22 to ₹579.06 Lakhs in FY23 and currently at ₹803.54 Lakhs in FY24. Similarly, EBITDA is increased from ₹157.49 Lakhs in FY22 to ₹238.00 Lakhs in FY23 and currently at ₹434.79 Lakhs in FY24. The PAT also increased from ₹69.01 Lakhs in FY22 to ₹150.64 Lakhs in FY23 and currently at ₹296.55 Lakhs in FY24. This indicates a steady financial performance.
For the Travels & Rentals IPO, the company is issuing shares at a pre-issue EPS of ₹3.64 and a post-issue EPS of ₹2.64. The pre-issue P/E ratio is 10.99x, while the post-issue P/E ratio is 15.15x against Industry P/E ratio is 32.05x. The company's ROCE for FY24 is 27.54% and ROE for FY24 is 26.72%. These metrics suggest that the IPO is fairly priced.
The Grey Market Premium (GMP) of Travels & Rentals potential listing gains of 40% - 50%. Given the company's financial performance and the valuation of the IPO, we recommend Investors to Apply to the Travels & Rentals Limited IPO for Listing gain or long term investment purposes.
The GST registration process at FinanceSaathi is quick, transparent, and end-to-end online:
| Step | Process | Timeline |
|---|---|---|
| 1 | Consultation & Eligibility Check – Our experts assess your business and required documents. | 1 Day |
| 2 | Document Collection & Preparation – You share scanned copies; we prepare the application. | 1–2 Days |
| 3 | Online Application Submission – Filing GST REG-01 on GST portal. | 1 Day |
| 4 | ARN Generation & Verification – Acknowledgment number generated and verified. | 1 Day |
| 5 | GST Officer Review – Department may seek clarification if required. | 2–3 Days |
| 6 | GSTIN Allotment & Certificate Issued – Once approved, you receive your GST registration certificate via email. | 3–5 Days Total |
Estimated Total Duration: 3–5 Working Days
The GST registration process at FinanceSaathi is quick, transparent, and end-to-end online:
| Step | Process | Timeline |
|---|---|---|
| 1 | Consultation & Eligibility Check – Our experts assess your business and required documents. | 1 Day |
| 2 | Document Collection & Preparation – You share scanned copies; we prepare the application. | 1–2 Days |
| 3 | Online Application Submission – Filing GST REG-01 on GST portal. | 1 Day |
| 4 | ARN Generation & Verification – Acknowledgment number generated and verified. | 1 Day |
| 5 | GST Officer Review – Department may seek clarification if required. | 2–3 Days |
| 6 | GSTIN Allotment & Certificate Issued – Once approved, you receive your GST registration certificate via email. | 3–5 Days Total |
Estimated Total Duration: 3–5 Working Days
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