Travels & Rentals shares list at 37% premium to SME IPO price

Shares of Travels & Rentals were listed on BSE SME platform at ₹55 on Thursday. This marks premium of around 37.5% over IPO price of ₹40 per share. The listing premium is lower than grey market premium of 50% ahead of the listing. The ₹12.24-crore IPO of the firm, which offers travel-related products and services, was subscribed over 608 times.