What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

When is the Travels & Rentals Limited IPO allotment date?

The basis of allotment for Travels & Rentals Limited IPO is scheduled to be finalized on 3 Sep 2024.

Where can I check Travels & Rentals Limited IPO allotment status?

You can check your allotment status on the official registrar portal (Cameo Corporate Services Limited) or on the BSE India website using your PAN card number or application number.

When will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 4 Sep 2024.

IPO GreyPremiumLIVE

Grey Market Intelligence

Travels & Rentals Limited

ListedSME

Services / Transportation · BSE

Incorporated in 1996, Travels & Rentals Limited is a comprehensive travel solutions provider offering airline ticketing, customizable inbound and outbound tour packages, hotel reservations, visa and passport processing, travel insurance, and activity tickets. With a global network of travel agents across Europe, the USA, South and Southeast Asia, the Middle East, Africa, and Australia, the company is accredited by IATA, recognized by the Ministry of Tourism, and a member of TAAI and IATO. As of March 31, 2024, Travels & Rentals employs 58 professionals dedicated to delivering exceptional travel experiences.

Price Band

₹40

Issue Size

₹12.24 Cr

Lot Size

3000 shares

GMP

₹20

+50.0%

Est. Listing

₹60

at current GMP

Subscribed

592.39x

overall

Open

29 Aug 2024

2 Sep 2024

Allotment

3 Sep 2024

Refund

4 Sep 2024

Demat Credit

5 Sep 2024

Listing

5 Sep 2024

Last updated 5 months ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Travels & Rentals Limited Allotment Status

Designated Registrar: Cameo Corporate Services Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

3 Sep 2024

Basis finalization

Refunds Initiate

4 Sep 2024

Mandate release

Demat Credit

5 Sep 2024

Shares in demat

Listing Debut

5 Sep 2024

Trading begins

About Travels & Rentals Limited Public Issue & Market Profile

Travels & Rentals Limited is bringing an initial public offering (IPO) in the Services / Transportation sector with an aggregate issue size of ₹12.24 Crores. The shares are offered at a price band of ₹40 to ₹40 per equity share on BSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.

Public Issue & Allotment Procedure:

Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 3000 shares (approx. ₹1,20,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.

Official Allotment Timelines & Registrar Guidance:

Allotment reconciliation will be managed by Cameo Corporate Services Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2024-09-05, while un-allotted funds or UPI block mandates will be released on 2024-09-04.

Frequently Asked Questions

What if my name is not showing on the registrar portal?

Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.

How will I receive the refund if I don't get allotment?

Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.

Travels & Rentals Limited

Travels & Rentals Limited Allotment Status

How to Check Travels & Rentals Limited IPO Allotment Status

About Travels & Rentals Limited Public Issue & Market Profile

Frequently Asked Questions

What if my name is not showing on the registrar portal?

How will I receive the refund if I don't get allotment?