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Sailani Tours N Travels Limited IPO (Sailani Tours N Travels IPO) Detail

Jun 27, 2022 - Jun 30, 2022

Sailani Tours N Travels Limited is engaged in offering Tourism and Hospitality services. The company is a travel agency and offers services like Leisure Travel, Corporate Travel, Forex and Visa Processing. Sailani Tours N Travels designs travel packages for both individuals and groups for their domestic and international leisure travel. The company make travel arrangements for corporate clients to cater to their business meetings, conferences, and events.

Sailani Tours N Travels Limited has given the franchisees to many entities located at places such as Kolkata, Guwahati, Agartala, Dhanbad, Barreilly, Varanasi, Gwalior, Indore, Ludhiana, Jalandhar, Agra, Jaipur, Rudrapur, Faridabad, Dehradun, Dalhousie, Ranchi, Siliguri, Howrah, Surat, Nagpur, Kanpur, Vidyavihar, Margao, Patna, Udaipur, Bhubaneshwar, Mulund, Pune, Jabalpur, Bhopal, Kalyaninagar, Goa, Mangalore, Malda Allahabad, Bengaluru.

Competitive Strengths:

  • Skilled & Quality Staff.
  • Product Spectrum.
  • Scalable Business Model.
  • Customer Experience.
  • Technology Infrastructure.
  • Progressive Employer.

Company Financials

Sailani Tours N Travels Limited Financial Information (Restated)
Period EndedTotal AssetsTotal Revenue Profit After Tax
31-Mar-20655.08429.315.39
31-Mar-21595.77112.563.14
31-Dec-21628.1314.082.97
Amount in ₹ Lakhs

Objects of the Issue

The Company intends to utilize the Net Fresh Issue Proceeds for the following Objects:

a) To Meet Working Capital Requirements

b) General Corporate Purposes

Sailani Tours N Travels IPO Details

Sailani Tours N Travels IPO Date Jun 27, 2022 to Jun 30, 2022
Sailani Tours N Travels IPO Face Value ₹10 per share
Sailani Tours N Travels IPO Price ₹15 per share
Sailani Tours N Travels IPO Lot Size 8000 Shares
Issue Size1,264,000 shares of ₹10
(aggregating up to ₹1.90 Cr)
Fresh Issue1,264,000 shares of ₹10
(aggregating up to ₹1.90 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Retail Shares Offered50% of the net offer
NII (HNI) Shares Offered50% of the net offer
Company Promoters

Mr. Krishna Kumar Chanani and Ms. Sunita Chanani are the company promoters.

Sailani Tours N Travels IPO Timeline (Tentative Timetable)

Sailani Tours N Travels IPO opens on Jun 27, 2022, and closes on Jun 30, 2022. The Sailani Tours N Travels IPO bid date is from Jun 27, 2022 10.00 A.M. to Jun 30, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.

Event Date
Sailani Tours N Travels IPO Opening Date Jun 27, 2022
Sailani Tours N Travels IPO Closing Date Jun 30, 2022
Basis of Allotment Jul 5, 2022
Initiation of Refunds Jul 6, 2022
Credit of Shares to Demat Jul 7, 2022
Sailani Tours N Travels IPO Listing Date Jul 8, 2022

Sailani Tours N Travels IPO Lot Size

The Sailani Tours N Travels IPO lot size is 8000 shares. A retail-individual investor can apply for up to 1 lots (8000 shares or ₹120,000).

Application Lots Shares Amount
Minimum 1 8000 ₹120,000
Maximum 1 8000 ₹120,000

Sailani Tours N Travels IPO Promoter Holding

Pre Issue Share Holding 49.27%
Post Issue Share Holding 36.03%

Sailani Tours N Travels IPO Review

STTL has presented minuscule operations so far with inconsistency in performance. It is operating in a highly competitive and fragmented segment. A small equity base indicates longer gestation for migration to the main board. Its comparison with big players is an eyewash. There is no harm in skipping this highly-priced issue. Read detail review...


Sailani Tours N Travels IPO Subscription Status (Bidding Detail)

The Sailani Tours N Travels IPO is subscribed 3.24 times on Jun 30, 2022 5:29:00 PM. The public issue subscribed 4.61 times in the retail category, times in the QIB category, and 1.87 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
NII1.87
Retail4.61
Total3.24

Sailani Tours N Travels IPO Prospectus

Sailani Tours N Travels IPO Rating

29
3.2
Rating:Rated 3.2 stars
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Company Contact Information

Sailani Tours N Travels Limited
CE-25 Sector-1,
3rd Cross road, Salt Lake City,
Kolkata- 700064, West Bengal,
Phone: +91 033-48044939
Email: info@sailanitours.com
Website: http://www.sailanitours.com/

Sailani Tours N Travels IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Sailani Tours N Travels IPO Review

Sailani Tours N Travels IPO Recommendation Summary

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Sailani Tours N Travels IPO FAQs

Sailani Tours N Travels IPO is a SME IPO of 1,264,000 equity shares of the face value of ₹10 aggregating up to ₹1.90 Crores. The issue is priced at ₹15 per share. The minimum order quantity is 8000 Shares.

The IPO opens on Jun 27, 2022, and closes on Jun 30, 2022.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Zerodha customers can apply online in Sailani Tours N Travels IPO using UPI as a payment gateway. Zerodha customers can apply in Sailani Tours N Travels IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Sailani Tours N Travels IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Sailani Tours N Travels IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Sailani Tours N Travels IPO opens on Jun 27, 2022 and closes on Jun 30, 2022.

Sailani Tours N Travels IPO lot size is 8000 Shares and the minimum order quantity is .

You can apply in Sailani Tours N Travels IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Sailani Tours N Travels IPO will be done on Jul 5, 2022, and the allotted shares will be credited to your demat account by Jul 7, 2022. Check the Sailani Tours N Travels IPO allotment status.

The Sailani Tours N Travels IPO listing date is not yet announced. The tentative date of Sailani Tours N Travels IPO listing is Jul 8, 2022.
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