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Global Vacation Network Ltd
SMEClosedTravel & Tourism · Listed on BSE · IPO ID: IPO-10014
About the IPO
Travel IPO.
Price Band
₹125.00 - ₹130.00
Lot Size
1000 sh
Issue Size
₹71.5 Cr
Min Investment
₹1,30,000
GMP
₹-25
Subscription
15x
About the Company
International travel services company.
Issue Objectives
- 01 Capacity expansion - 21.60
- 02 Technology upgrade - 11.30
Strengths
- Large scale operations
Risks
- High capex requirement
IPO Details
| IPO Date | 2027-01-10 to 2026-06-06 |
| Listed on | Fri, 15 Jan 2027 |
| Face Value | ₹10 per share |
| Price Band | ₹125.00 - ₹130.00 |
| Issue Price | ₹130 per share |
| Lot Size | 1000 shares |
| Issue Type | Closed |
| Listing At | BSE |
IPO Issue Details
| Total Issue Size | 71.50 Cr |
| Reserved for Market Maker | Fresh Issue 5.5 Cr Shares |
Subscription Status (Day-wise)
| Date | QIB | NII | Retail | Total |
|---|---|---|---|---|
| 12 Jan | 12.50x | — | — | 12.50x |
| Final | 12.50x | — | — | 12.50x |
Grey Market Premium History
| Date | Ipo Price (₹) | GMP (₹) | Est. Listing | Est Profit (₹) |
|---|---|---|---|---|
| 2027-01-10 | ₹130 | +₹25 | ₹155.00 (19%) | ₹30 |
Company Financials (Restated Consolidated)
| Period Ended | 31 MAR 2023 | 31 MAR 2024 | 31 MAR 2025 |
|---|---|---|---|
| Total Assets | 21.00 | 42.50 | 75.60 |
Amount in ₹ Crore
Key Performance Indicator (KPI)
| KPI | 31 Mar 2025 |
|---|---|
| ROCE | 12.50% |
| ROE | 18.20% |
Pre / Post IPO Metrics
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (?) | ₹12.5 | ₹14.2 |
IPO Review
IPO review will be updated soon.
IPO Anchor Investors
Rajnandini Fashion India IPO raises ?5.15 crore from anchor investors. Rajnandini Fashion India IPO Anchor bid date was May 23, 2026. The company allocated 8,18,000 equity shares to anchor investors before the IPO opening.
Anchor Investors Letter (PDF)Investor Category Reservations
| Application Category | Bidding Limits |
|---|---|
| Only bNII | 10+ Lots |
| Only Individual investor (retail) | 1-3 Lots |
| Only sNII | 4-9 Lots |
* Bidding at cut-off price is not allowed for any category
IPO Timeline
1
IPO Opens
upcoming
10 Jan
2
IPO Closes
done
06 Jun
3
Basis of Allotment
upcoming
13 Jan
4
Refunds
upcoming
14 Jan
5
Demat Credit
upcoming
14 Jan
6
Listing
upcoming
15 Jan
Issue Reservation
Strong demand expected from NIIs
| Investor Category | Shares Offered | % of Net Issue |
|---|---|---|
| QIB Shares Offered | 5,00,000 | 50.00% |
| Anchor Investor Shares Offered | 3,00,000 | — |
| QIB (Ex. Anchor) Shares Offered | 2,00,000 | — |
| NII (HNI) Shares Offered | 3,00,000 | 20.00% |
| bNII > ₹10L | 2,00,000 | — |
| sNII < ₹10L | 1,00,000 | — |
| Retail Shares Offered | 2,50,000 | 25.00% |
| Market Maker Shares Offered | 50,000 | — |
| Total Shares Offered | 11,00,000 | 100.00% |
IPO Lot Size
Minimum 1600 shares per lot
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 1 | 2,800 | ₹2,15,000 |
| Individual investors (Retail) (Max) | 2 | 5,600 | ₹4,30,000 |
| S-HNI (Min) | 3 | 8,400 | ₹6,45,000 |
| S-HNI (Max) | 8 | 22,400 | ₹17,20,000 |
| B-HNI (Min) | 9 | 25,200 | ₹19,35,000 |