Travels & Rentals
Total Issue: ₹12 Cr
IPO Timeline & Schedule
About Travels & Rentals
Incorporated in 1996, Travels & Rentals offers a comprehensive range of travel-related products and services for end-to-end travel solutions, including airline tickets, hotels and tour packages, rail tickets as well as ancillary value-added services such as travel insurance, passport & visa processing, and tickets for activities and attractions and is accredited by IATA (International Air Transport Association, Geneva, Switzerland), recognized by Ministry of Tourism, Government of India, member of TAAI (Travel Agent Association of India) and member of IATO (Indian Association of Tour Operators) and has a strong network of travel agents across Europe, Australia, Africa, the USA, South and Southeast Asia and the Middle East.
Key Business Strengths
- The company has an established track record of 30+ years which indicates the company’s ability to weather economic and business cycles. The promoters have over 3 decades of experience in diverse industries.
- The company’s business model is order-driven and comprises optimum resource utilization, enabling it to achieve consequent economies of scale.
- The company has been a franchisee of Lufthansa City Center International GmbH (LCCI) since 2010 and has been granted the right to operate under “Business Plus Lufthansa City Center” in India since 2013. LCCI has a worldwide travel agency franchisee network in around 580 locations in 105 countries.
- Recently this year, The company has entered into a sales and marketing agreement with Group Voyagers Inc. for the sale of Globus family of brands travel products in India.
Key Risks & Challenges
- The travel market is intensely competitive. The company’s success depends on its ability to compete effectively against numerous established and emerging competitors, including other online travel agencies, traditional offline travel companies, and travel research companies, both in India and outside India.
- The company had negative cash flow in recent fiscals. Sustained negative cash flow could adversely impact its business.
- The Group Company has incurred losses in the past and may incur losses in the future.
- The company generally does business with its customers on a travel package basis and does not enter into long-term contracts with any of them.
- The company’s inability or failure to recognize, respond to, and effectively manage the accelerated impact of social media could materially adversely affect the business.
Transparency & Informational Notice
Grey Market Premium (GMP) is unofficial, unregulated market pricing gathered from market participants and brokers. It is provided for educational and observation purposes only and does not represent guaranteed listing price or investment advice.