Travels & Rentals IPO Day 1: Check subscription status, GMP, key dates and everything you need to know

Travels & Rentals IPO Day 1: The subscription period for the issue began on August 29 and is expected to end on September 2, 2

Check subscription status, GMP, important dates and everything you need to know

Travels & Rentals IPO subscription status

The Travels & Rentals IPO was subscribed 3.97 times. Till 5:30 pm on August 29, 2024, the public issue was subscribed 7.01 times in the retail category, nil times in the QIB category and 0.92 times in the NII category, according to data from Chittorgarh.com

Important dates and details regarding the IPO of Travels & Rentals

The subscription period for the Travels & Rentals IPO will begin on August 29, 2024 and end on September 2, 2024. The allotment for the Travels & Rentals IPO is expected to close on Tuesday, September 3, 2024. The tentative listing date for the Travels & Rentals IPO is Thursday, September 5, 2024 and it will be held on BSE SME.

The IPO price of Travels & Rentals is ₹40 per share. An application must have a minimum lot size of 3000 shares. Private investors must have at least ₹120,000. HNI investments require a minimum lot size of two lots or 6,000 shares, total ₹240,000.

IPO of Travels & Rentals: Objectives of the issue

The ₹The IPO of Travels & Rentals worth Rs 12.24 crore is a fixed price offer. The 30.6 lakh equity shares are being issued fresh.

The proceeds from the IPO will be used to cover working capital needs and general corporate expenses.

Travel & Rentals IPO GMP or Grey Market Premium

According to investorgain.com, the GMP of Travels & Rentals IPO was +14 on Tuesday. This indicates that Travels & Rentals’ share price is rising in the grey market for ₹ 14 more.

The estimated list price of ₹54 per share is 35% above the IPO price of ₹40, taking into account the issue price of the IPO of Travels & Rentals and the current premium on the grey market.

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