Travels & Rentals Limited

About the company

## **About  Travels & Rentals Limited** Incorporated in 1996, Travels & Rentals Limited, a prominent player in India’s tourism and hospitality sector, has built a solid reputation over the past 25 years. Since 2010, the company has proudly operated as a franchisee of Lufthansa City Center International GmbH (LCCI), rebranding its operations as “Business Plus Lufthansa City Center” in India in 2013. This affiliation with LCCI, which boasts a global network of around 580 locations across 105 countries, has allowed Travels & Rentals to leverage the esteemed Lufthansa City Center brand. The company's broad range of services includes airline tickets, hotel reservations, tour packages, rail tickets, and ancillary offerings such as travel insurance, passport and visa processing, and tickets for various activities and attractions. The company’s recent expansion includes a Sales and Marketing Agreement with Group Voyagers Inc., which operates under the trade names Globus, Cosmos, and Avalon Waterways. This partnership enhances Travels & Rentals’ portfolio, providing Indian travelers access to the diverse travel products offered by the Globus family of brands. With this addition, the company continues to strengthen its position in the market by offering high-quality travel solutions tailored to meet the specific needs of its clients. Travels & Rentals Limited prides itself on its ability to adapt to geographical and environmental changes, ensuring that travel recommendations and packages are seasonally appropriate and aligned with current conditions. The company’s commitment to understanding client needs and delivering exceptional service is reflected in its personalized tour packages and professional approach. This client-centric philosophy has been a key driver of its impressive growth and continued success in the competitive travel industry. Accredited by IATA, recognized by the Ministry of Tourism, Government of India, and affiliated with TAAI and IATO, Travels & Rentals operates with a high standard of professionalism and industry credibility. The company’s dedication to expanding its product range and updating offerings ensures it remains at the forefront of the market. By continuously innovating and differentiating its services, Travels & Rentals Limited strives to provide premium travel solutions and exceptional experiences to both individual and group travelers, aiming to achieve global reach and deliver excellence in every aspect of travel. Travels & Rentals Limited prepares for its Initial Public Offering (IPO), the proceeds from the Fresh Issue will be allocated towards critical objectives: 1. To meet the Working Capital Requirements 1. General Corporate Purposes

Financial performance (₹ Cr)

IPO Roadmap / Timeline

1. IPO Opens

   Completed
   29 Aug 2024

   Bidding starts for all investor categories

2. IPO Closes

   Completed
   02 Sept 2024

   Last day to place your bid

3. Basis of Allotment

   Completed
   31 Aug 2024

   Share allotment finalised

4. Refund Initiation

   Completed
   04 Sept 2024

   Refunds credited for non-allottees

5. Credit to Demat

   Completed
   03 Sept 2024

   Allotted shares credited to demat account

6. Listing on Exchange

   Completed
   05 Sept 2024

   Shares list on NSE / BSE

Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.