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.

Check latest IPO Review & analysis, Live GMP today, Live Subscription Status Today, Share Price, Financial Information, latest IPO news, Upcoming IPO News before applying in the IPO.

The Upcoming IPOs in this week and coming weeks are Bajaj Housing Finance Limited, Gala Precision Engineering Limited, Baazar Style Retail Limited, Jeyyam Global Foods Limited, Boss Packaging Solutions Limited, Archit Nuwood Industries Limited, Travels & Rentals Limited.

The current active IPO is Aeron Composite Limited, ECOS (India) Mobility & Hospitality Limited, Jay Bee Laminations Limited IPO, Premier Energies Limited IPO, Indian Phosphate Limited IPO, Paramatrix Technologies Limited IPO, Vdeal System Limited IPO.

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About Travels & Rentals Limited

Travels & Rentals Limited has also taken franchisee of Lufthansa City Center International GmbH (LCCI) since 2010 and has been granted right to operate under “Business Plus Lufthansa City Center” in India in the year 2013. LCCI has worldwide travel agency franchisee network in around 580 locations in 105 countries. Being a franchisee of Lufthansa City Center, they are authorized to use the brand name of Lufthansa City Center of their business activities. Recently this year, the company has entered into Sales and Marketing Agreement with Group Voyagers Inc. for the sale of Globus family of brands travel products in India.

Travels & Rentals offers a comprehensive range of travel-related products and services for end-to-end travel solutions, including airline tickets, hotels and tour packages, rail tickets as well as ancillary value-added services such as travel insurance, passport & visa processing and tickets for activities and attractions.

They are bestowed with more than 25 years of experience and presents India in a distinct manner by designing personalised tour packages. They 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). The Company is completely dependent on the geographical changes.

INDIAN TOURISM AND HOSPITALITY INDUSTRY
With a total area of 3,287,263 sq. km extending from the snow-covered Himalayan heights to the tropical rain forests of the south, India has a rich cultural and historical heritage, variety in ecology, terrains and places of natural beauty spread across the country. This provides a significant opportunity to fully exploit the potential of the tourism sector. 

India being one the most popular travel destinations across the globe has resulted in the Indian tourism and hospitality industry emerging as one of the key drivers of growth among the services sector in India. The tourism industry in India has significant potential considering that Tourism is an important source of foreign exchange in India similar to many other countries. 

It is widely acknowledged that the tourist and hospitality sector, which encompasses travel and hospitality services like hotels and restaurants, is a development agent, a catalyst for socioeconomic growth, and a significant source of foreign exchange gains in many countries. India's rich and exquisite history, culture, and diversity are showcased through tourism while also providing significant economic benefits. The consistent efforts of the central and state governments have helped the tourism industry to recover from the COVID-19 pandemic shock and operate at the pre-pandemic level.

According to WTTC, India is ranked 10th among 185 countries in terms of travel & tourism’s total contribution to GDP in 2019. According to WTTC, the contribution of India's travel and tourism sector to India's economy was worth Rs. 15.9 trillion (US$ 191.25 billion) in 2022. 

According to WTTC, over the next decade, India’s Travel & Tourism GDP is expected to grow at an average of 7.8% annually. In 2020, the Indian tourism sector accounted for 39 million jobs, which was 8% of the total employment in the country. 

In 2021, the travel & tourism industry’s contribution to the GDP was US$ 178 billion; this is expected to reach US$ 512 billion by 2028. By 2029, it is expected to account for about 53 million jobs. In India, the industry’s direct contribution to the GDP is expected to record an annual growth rate of 7-9% between 2019 and 2030. 

The travel market in India is projected to reach US$ 125 billion by FY27 from an estimated US$ 75 billion in FY20. The Indian airline travel market was estimated at ~US$ 20 billion and is projected to double in size by FY27 due to improving airport infrastructure and growing access to passports. The Indian hotel market including domestic, inbound and outbound was estimated at ~US$ 32 billion in FY20 and is expected to reach ~US$ 52 billion by FY27, driven by the surging demand from travellers and sustained efforts of travel agents to boost the market.

Staycation is seen as an emerging trend were people stay at luxurious hotels to revive themselves of stress in a peaceful getaway. To cater to such needs, major hotel chains such as Marriott International, IHG Hotels & Resorts and Oberoi hotels are introducing staycation offers were guests can choose from a host of curated experiences, within the hotel. India’s travel and tourism industry has huge growth potential. The industry is also looking forward to the expansion of e-Visa scheme, which is expected to double the tourist inflow in India. India's travel and tourism industry has the potential to expand by 2.5% on the back of higher budgetary allocation and low-cost healthcare facility according to a joint study conducted by Assocham and Yes Bank. 

It is irrefutable that the tourist industry is becoming a more significant economic force and has the potential to be used as a tool for development. The tourist industry not only drives growth, but it also raises people's standards of living with its ability to provide significant amount of diverse employment opportunities. It promotes environmental preservation, champions diverse cultural heritage, and bolsters international peace. By 2028, Indian tourism and hospitality is expected to earn US$ 50.9 billion as visitor exports compared with US$ 28.9 billion in 2018.

TRAVELS & RENTALS LIMITED COMPETITIVE STRENGTHS
1. Organizational stability along with management expertise
2. Skilled & Quality Staff
3. Product Offering
4. Scalable Business Model
5. Smooth flow of operations

TRAVELS & RENTALS LIMITED BUSINESS STRATEGY
1. Online Presence
2. Continue to invest in technology and product development capabilities
3. Bulk buying advantage
4. Cost effectiveness
5. Maintain our focus to strengthen customer relationship
6. Increase Brand awareness
7. Building-up as a Professional Organisation
8. Continue to attract and retain talent

TRAVELS & RENTALS LIMITED RISK FACTORS & CONCERNS
1. Any disruption to the supply of air, train and bus tickets, and reduced demand for hotel accommodation and related services or other travel elements, or an increase in the prices of travel elements could adversely affect the operation, turnover and profitability.
2. The travel industry in India, as well as globally, is susceptible to extraneous events.
3. In addition to their existing indebtedness for their operations, they may be required to obtain further loan during the course of business.
4. Their revenues are highly dependent on clients located in India.
5. They may not be successful in implementing their business strategies.
6. Excessive dependence on Red Fort Capital Finance Company Limited in respect of Loan facilities obtained by their Company.