Travel & Rental Rights Issue dates 5 Feb – 6 March 2026.
Travels & Rentals is a Kolkata-based travel services company with nearly three decades of operating history, having been originally incorporated in 1996 and subsequently converted into a public limited company in April 2024. The company is listed on the SME platform of BSE. It operates across the travel and tourism services value chain, offering a diversified suite of solutions that include airline, rail and bus ticketing, hotel bookings, customised tour packages, and allied travel arrangements.
The business model is asset-light and service-driven, with revenues primarily generated through commissions, service fees, and package-based travel solutions. Travels & Rentals caters to a broad customer base comprising individual travellers, corporate clients, and tour operators, with operations supported by long-standing relationships with airlines, hospitality providers, and transport vendors. The company does not rely on long-term customer contracts, making repeat business, service quality, and competitive pricing key revenue drivers.
From a financial perspective, the company has demonstrated growing scale but continues to operate with elevated working capital requirements, driven by advance payments to service providers and timing mismatches in customer receipts. Strategically, management remains focused on improving liquidity, enhancing operational efficiency, and capitalising on the gradual recovery and formalisation of India’s travel and tourism sector.
Promoters of Travel & Rental – Devendra Bharat Parekh, Karuna Parekh, Anupama Singhi And Tushar Singh
Table of Contents
Travel & Rental Rights Issue Details
| Travel & Rental Rights Issue Date | 5 February – 6 March 2026 |
| Travel & Rental Rights Issue Price | INR 15 per share |
| Issue Size (in Shares) | 1,12,02,685 shares |
| Issue Size (in INR) | INR 16.80 crore |
| Issue Entitlement | 1 equity share for every 1 equity share held on the record date |
| Terms of Payment | Fully payable at the time of application |
| Travel & Rental Rights Issue Record Date | 28 January 2026 |
| Face Value | INR 10 per share |
| Listing On | BSE, NSE |
Travel & Rental Rights Issue Calculation
| Travel & Rental Rights Issue Price | INR 15 per share |
| Market Price on Rights Issue Approval | INR 30.77 per share |
| Dilution Factor (X) | 2 |
| Fair Value After Dilution at Prevailing Price | INR 22.89 per share |
Travel & Rental Financial Performance
| FY 2023 | FY 2024 | FY 2025 | |
| Revenue | 5.67 | 7.53 | 11.45 |
| Expenses | 3.29 | 3.18 | 3.84 |
| Operating Margin (%) | 41.98 | 57.77 | 66.46 |
| Net Income | 1.51 | 2.97 | 3.22 |
| ROCE (%) | 19.07 | 29.53 | 24.13 |
Travel & Rental Rights Offer Objectives
The net proceeds from the offer are proposed to be used for
- To meet the working capital requirements – INR 12.05 crore
- General corporate purposes
Travel & Rental Rights Offer Documents
- Travel & Rental Rights Issue Application Form
- Travel & Rental Letter of Offer
- Board Meeting Outcome
- Travel & Rental Draft Letter of Offer
- Rights Issue in 2024
Travel & Rental Rights Issue Dates
| Rights Issue Approval Date | 27 November 2025 |
| Rights Issue Record Date | 28 January 2026 |
| Credit of Rights Entitlement | 29 January 2026 |
| Rights Issue Opening Date | 5 February 2026 |
| Last Date for Market Renunciation | 2 March 2026 |
| Rights Issue Closing Date | 6 March 2026 |
| Finalization of Basis of Allotment | 9 March 2026 |
| Rights Allotment Date | 9 March 2026 |
| Credit Date | 10 March 2026 |
| Listing Date | 11 March 2026 |
Travel & Rental Rights Offer Registrar
CAMEO CORPORATE SERVICES LIMITED
“Subramanian Building”, No. 1, Club House Road,
Chennai – 600 002, Tamil Nadu, India
Tel: 044 4002 0700 / 2846 0390
E-mail: [email protected]
Website: www.cameoindia.com
Travel & Rental Contact Details
TRAVELS & RENTALS LIMITED
161 Lenin Sarani, Dharmatala, Kolkata, West Bengal, India, 700013
Tel: +91 33 4000 0777
Email: [email protected]
Website: www.travelsandrentals.in
Travel & Rental Rights Offer FAQs
What is the Travel & Rental Rights Issue Price?
The issue price is INR 15 per share.
What is the Travel & Rental Rights Issue entitlement ratio?
The eligible shareholders are offered 1 Equity Share for every 1 Equity Share held on the record date.
What is the Travel & Rental Rights Issue Record Date?
The Record date is 28 January 2026
How to Apply in Travel & Rental Rights Offer?
The best way to apply in Travel & Rental Rights Offer is through Internet banking ASBA. You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an application Form form and deposit the same to your broker.