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Sailani Tours N Travels IPO is a fixed price issue of Rs 1.90 crores. The issue is entirely a fresh issue of 12.64 lakh shares.
Sailani Tours N Travels IPO bidding started from June 27, 2022 and ended on June 30, 2022. The allotment for Sailani Tours N Travels IPO was finalized on Tuesday, July 5, 2022. The shares got listed on BSE SME on July 8, 2022.
Sailani Tours N Travels IPO price is ₹15 per share. The minimum lot size for an application is 8000 Shares. The minimum amount of investment required by retail investors is ₹120,000. The minimum lot size investment for HNI is 2 lots (16,000 shares) amounting to ₹240,000.
Gretex Corporate Services Limited is the book running lead manager of the Sailani Tours N Travels IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Sailani Tours N Travels IPO RHP for detailed information.
| IPO Date | June 27, 2022 to June 30, 2022 |
| Listing Date | July 8, 2022 |
| Face Value | ₹10 per share |
| Price | ₹15 per share |
| Lot Size | 8000 Shares |
| Total Issue Size | 1,264,000 shares (aggregating up to ₹1.90 Cr) |
| Fresh Issue | 1,264,000 shares (aggregating up to ₹1.90 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Market Maker portion | 64,000 shares |
Sailani Tours N Travels IPO offers 1,264,000 shares. 600,000 (47.47%) to NII, 600,000 (47.47%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 64,000 (5.06%) |
| Other Shares Offered | 600,000 (47.47%) |
| Retail Shares Offered | 600,000 (47.47%) |
| Total Shares Offered | 1,264,000 (100%) |
Sailani Tours N Travels IPO opens on June 27, 2022, and closes on June 30, 2022.
| IPO Open Date | Monday, June 27, 2022 |
| IPO Close Date | Thursday, June 30, 2022 |
| Basis of Allotment | Tuesday, July 5, 2022 |
| Initiation of Refunds | Wednesday, July 6, 2022 |
| Credit of Shares to Demat | Thursday, July 7, 2022 |
| Listing Date | Friday, July 8, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 30, 2022 |
Investors can bid for a minimum of 8000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 8000 | ₹120,000 |
| Retail (Max) | 1 | 8000 | ₹120,000 |
| HNI (Min) | 2 | 16,000 | ₹240,000 |
| Lot Size Calculator | |||
Mr. Krishna Kumar Chanani and Ms. Sunita Chanani are the company promoters.
| Share Holding Pre Issue | 49.27% |
| Share Holding Post Issue | 36.03% |
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:
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus |
|---|---|---|---|---|---|
| 31-Mar-20 | 655.08 | 429.31 | 5.39 | 76.39 | 5.39 |
| 31-Mar-21 | 595.77 | 112.56 | 3.14 | 161.53 | 8.53 |
| 31-Dec-21 | 628.1 | 314.08 | 2.97 | 162.5 | 9.5 |
| Amount in ₹ Lakhs | |||||
The market capitalization of Sailani Tours N Travels IPO is Rs 7.06 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 187.5 |
The Company intends to utilize the Net Fresh Issue Proceeds for the following Objects:
a) To Meet Working Capital Requirements
b) General Corporate Purposes
[Dilip Davda] 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...
The Sailani Tours N Travels IPO is subscribed 3.24 times on June 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)
| Category | Subscription (times) |
|---|---|
| Other | 1.87 |
| Retail | 4.61 |
| Total | 3.24 |
| Listing Date | July 8, 2022 |
| BSE Script Code | 543541 |
| NSE Symbol | |
| ISIN | INE0KHQ01010 |
| Final Issue Price | ₹15 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹15.00 |
| ₹15.50 |
| ₹15.50 |
| ₹16.27 |
| ₹16.27 |
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/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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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 June 27, 2022, and closes on June 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
Visit Zerodha IPO Application Process Review for more detail.
The Sailani Tours N Travels IPO opens on June 27, 2022 and closes on June 30, 2022.
Sailani Tours N Travels IPO lot size is 8000 Shares, and the minimum amount required is ₹120,000.
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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Sailani Tours N Travels IPO will be done on Tuesday, July 5, 2022, and the allotted shares will be credited to your demat account by Thursday, July 7, 2022. Check the Sailani Tours N Travels IPO allotment status.
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