Travels And Rentals Limited IPO GMP, Grey Market Price, Company Details, Revenue : Travels And Rentals IPO opens for subscription from today, August 29. It will remain open till September 2, 2022. Let us know whether we should invest in this IPO or not? Along with this, we will know about Travels And Rentals IPO and important information related to its business.
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Travels And Rentals Limited IPO
Let us know all the important things related to the initial public offering of Travels And Rentals Limited. The price band of the Travels and Rentals IPO has been fixed at ₹40 per share. The lot size of the IPO is 3000 shares. Retail investors will have to invest at least Rs 120,000 in this IPO. Whereas for non-institutional investors, the minimum lot size is two lots, for which they will have to invest Rs 240,000. 50% of the total offer has been reserved for retail investors and 50% for other investors.
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Travels And Rentals Limited IPO GMP / Grey Market Price
Travels And Rentals Limited IPO GMP | Travels & Rentals IPO GMP is at ₹12 today, reports Investor Gain. That means the investment can make a profit of 30% on the very first day. Accordingly, this IPO can be listed at Rs 52.
Travels And Rentals Limited Company Details
According to the official website of the company, Travels and Rentals Limited Company was established in 1996. This company provides travel related products and services for travel solutions. This Travels And Rentals Limited provides additional services such as airline tickets, hotels, tour packages, rail tickets, companion travel insurance, passports and visas and tickets for activities and attractions.
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Travels And Rentals Limited Revenue
Let us know important things related to the revenue and finance of Travels And Rentals Limited. Talking about the financial position, Travels and Rentals Limited’s revenue has increased by 39% and profit after tax has increased by 97% between the financial year ending March 31, 2024 and March 31, 2023. The company has no debt of any kind. The travels and rentals company will use the funds raised from the IPO to meet working capital requirements and pursue general corporate purpose