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Travels & Rentals IPO Soars with 37.5% Jump on Market Debut, Shares Listed at ₹55!

Travels & Rentals shares opened at ₹55 on BSE SME, a 37.5% increase from the IPO price, reflecting strong investor interest and a robust debut on the trading day.
Travels & Rentals IPO Soars with 37.5% Jump on Market Debut, Shares Listed at ₹55!

Travels & Rentals shares debuted strongly on the BSE SME, opening at ₹55, marking a 37.5% increase from their IPO price of ₹40. This impressive listing underscores robust investor enthusiasm for the company’s stock on its first trading day.

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The Travels & Rentals IPO was massively oversubscribed, with bids for 176.87 crore shares against just 29.07 lakh available, totaling a 608.46 times subscription. The retail portion was subscribed 429.90 times, while the ‘others’ quota reached 754.64 times.

Travels & Rentals Limited, established in 1990 and later incorporated in 1996, operates as a Lufthansa City Center franchisee and partners with Globus for sales in India. The company provides comprehensive travel solutions from flights to tours, backed by accreditations from IATA and the Indian Ministry of Tourism. It focuses on customised services, leveraging extensive experience to meet diverse customer needs and drive growth.

Travels & Rentals Ltd aims to fund working capital needs with INR 8.03 crores from IPO proceeds and INR 20.54 crores from internal accruals, while also supporting broad corporate initiatives for sustainable growth.

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