Travels & Rentals Ltd - IPO

Travels & Rentals Ltd IPO Details

Initial public offer of 30,60,000 equity shares of face value of Rs. 10/- each (Equity Shares) of Travels & Rentals Limited (the Company or the Issuer) for cash at a price of Rs. 40/- per equity share, including a share premium of Rs. 30/- per equity share (the Issue Price), aggregating to Rs. 12.24 crores (The Issue), of which 1,53,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 40/- per equity share, aggregating to Rs. 0.61 crores will be reserved for subscriptions by the market maker to the issue (the Market Maker Reservation Portion). The issue less market maker reservation portion i.e. issue of 29,07,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 40/- per equity share, aggregating to Rs. 11.63 crores is here in after referred to as the Net Issue. The issue and the net issue will constitute 27.31% and 25.95% respectively of the post issue paid up equity share capital of the company. The face value of the equity share is Rs. 10/- each and the issue price is Rs. 40/- each i.e., 4.0 times of the face value of the equity shares. The minimum lot size is 3,000 equity shares

Objective of issue

Working Capital Requirement. General Corporate Expenses.

Travels & Rentals Ltd Contact Details

Travels & Rentals Ltd, Subramanian Building, 1ST Floor No 1, Club House Road, Chennai - 600002

Phone - 91-44-28462700

Fax - 91-44-28460129

Email - cs@travelsandrentals.com

Website - www.travelsandrentals.in