IPO : Travels & Rentals Limited
Travels & Rentals Limited IPO
| SYMBOL | TRAVELS |
| ISSUE TYPE | Fixed Price Issue IPO |
| ISSUE OPENS ON | Thursday, August 29, 2024 |
| ISSUE CLOSES ON | Monday, September 2, 2024 |
| ISSUE PRICE | ₹40 per share |
| ISSUE SIZE | Up to Rs.12.24 Crores |
| FACE VALUE | Rs.10 per share |
Travels & Rentals IPO is a fixed price issue of Rs 12.24 crores. The issue is entirely a fresh issue of 30.6 lakh shares.
Travels & Rentals IPO opens for subscription on August 29, 2024 and closes on September 2, 2024. The allotment for the Travels & Rentals IPO is expected to be finalized on Tuesday, September 3, 2024. Travels & Rentals IPO will list on BSE SME with tentative listing date fixed as Thursday, September 5, 2024.
| MINIMUM BID | 3000 shares |
| MINIMUM AMOUNT | Rs.120,000 |
| MAXIMUM BID | 3000 shares |
| MAXIMUM AMOUNT | Rs.120,000 |
| LISTING DATE | Thursday, September 5, 2024 |
| PROMOTER HOLDING POST ISSUE | 62.86% |
| LISTING AT | BSE-SME |
Travels & Rentals IPO price is ₹40 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹120,000. The minimum lot size investment for HNI is 2 lots (6,000 shares) amounting to ₹240,000.
Objects of the Issue (Travels & Rentals IPO Objectives)
The company proposes to utilize the funds which are being raised through this Issue towards the below-mentioned objects:
- Working Capital Requirement
- General Corporate Expenses
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