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.

What is the current subscription status of Travels & Rentals Limited IPO?

Travels & Rentals Limited IPO has received a total subscription of 592.39 times overall.

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 Subscription Status Allotment Status Filing Documents

Overall Subscription

592.39x

Total Demand

QIB Multiplier

0.00x

Institutions & Funds

NII / HNI

787.95x

High Net-Worth

Retail (RII)

429.59x

Individual Bidders

Category-Wise Subscription Breakup

Live bidding breakdown by institutional, non-institutional, and retail investors

Total 592.39x

Category	Shares Offered	Shares Applied / Bid	Times Subscribed
NIB	1,452,000	1,144,098,000	787.95x
RETAIL	1,455,000	625,050,000	429.59x
Total	2,907,000	1,769,148,000	592.39x

Application-Wise Breakup

Total unique applications received across retail and HNI tranches

Apps 442.18x

Category	Applications Reserved	Applications Received	Times Subscribed
Retail (RII)	357	153,364	429.59x
HNIs (10L +)	2	1,576	787.95x
HNIs (2-10L)	11	8,667	787.95x
Total Applications	370	163,607	442.18x

Day-Wise Subscription Progress

Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.

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.

Bidding & Quota Instructions:

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.

Allotment Reconciliation Schedule:

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 is Travels & Rentals Limited IPO GMP today?

The latest Grey Market Premium (GMP) for Travels & Rentals Limited IPO is ₹20 per equity share. Based on the upper price band of ₹40 to ₹40 per equity share, the estimated listing price is ₹60 (+50.0% expected listing gain).

What is the expected profit per lot for Travels & Rentals Limited IPO?

With a lot size of 3000 shares and current GMP of ₹20, the expected profit per application lot is approx ₹60,000 (+50.0% gain). Minimum application cost is approx ₹1,20,000.

What is the issue size and price band for Travels & Rentals Limited IPO?

The Travels & Rentals Limited IPO aggregate issue size is ₹12.24 Crores with an equity price band set at ₹40 to ₹40 per equity share. The retail lot size is 3000 shares requiring a minimum capital outlay of approx. ₹1,20,000.

How can I check Travels & Rentals Limited IPO live subscription demand?

Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 592.39x (Retail: 429.59x, QIB: 0.00x, NII: 787.95x). You can track live multiples directly on our dedicated subscription page.

Where and when will Travels & Rentals Limited IPO allotment status be published?

The basis of allotment will be published on the official registrar portal (Cameo Corporate Services Limited) and the BSE status verification website on or around 2024-09-03. Investors can verify status using PAN card or application number.

When is the listing date for Travels & Rentals Limited IPO?

Travels & Rentals Limited shares are scheduled to list on BSE on 2024-09-05.