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Modi's Navnirman IPO vs Sailani Tours N Travels IPO

Comparison between Modi's Navnirman IPO and Sailani Tours N Travels IPO.

IPO Details

Modi's Navnirman IPO is a SME Fixed Price IPO proposed to list at BSE SME while Sailani Tours N Travels IPO is a SME Fixed Price proposed to list at BSE SME.

 Modi's Navnirman IPOSailani Tours N Travels IPO
LogoModi's Navnirman IPO LogoSailani Tours N Travels IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtBSE SMEBSE SME
Lead ManagersAryaman Financial Services Ltd.Gretex Corporate Services Ltd.
RegistrarBigshare Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerAryaman Capital Markets Ltd.Gretex Share Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Modi's Navnirman IPO is up to ₹21.46 Cr whereas the issue size of the Sailani Tours N Travels IPO is up to ₹1.80 Cr. The final issue price of Modi's Navnirman IPO is ₹180.00 per share and of Sailani Tours N Travels IPO is ₹15.00 per share.

 Modi's Navnirman IPOSailani Tours N Travels IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹180.00 per share₹15.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size800 shares8000 shares
Fresh Issue Size11,92,000 shares12,00,000 shares
Fresh Issue Size (Amount)up to ₹21.46 Crup to ₹1.80 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total11,92,000 shares12,00,000 shares
Issue Size Total (Amount)up to ₹21.46 Crup to ₹1.80 Cr

IPO Timetable

Modi's Navnirman IPO opens on Jun 23, 2022, while Sailani Tours N Travels IPO opens on Jun 27, 2022. The closing date of Modi's Navnirman IPO and Sailani Tours N Travels IPO is Jun 28, 2022, and Jun 30, 2022, respectively.

 Modi's Navnirman IPOSailani Tours N Travels IPO
Anchor Bid Date
Issue OpenJun 23, 2022Jun 27, 2022
Issue CloseJun 28, 2022Jun 30, 2022
Basis Of Allotment (Tentative)Jul 01, 2022Jul 05, 2022
Initiation of Refunds (Tentative)Jul 04, 2022Jul 06, 2022
Credit of Share (Tentative)Jul 05, 2022Jul 07, 2022
Listing date (Tentative)Jul 06, 2022Jul 08, 2022
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Modi's Navnirman IPO P/E ratio is 57.32, as compared to Sailani Tours N Travels IPO P/E ratio of 187.5.

 Modi's Navnirman IPOSailani Tours N Travels IPO
Financials
Modi's Navnirman Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After Tax
31-Mar-20998.482195.46139.78
31-Mar-21735.211322.3437.83
31-Mar-223098.291151.07132.7
Amount in ₹ Lakhs
Sailani Tours N Travels Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-20655.08429.315.3976.395.39
31-Mar-21595.77112.563.14161.538.53
31-Dec-21628.1314.082.97162.59.5
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)99.9849.27
Promoter Shareholding (Post-Issue)70.2036.03
P/E Ratio57.32187.5
Market Cap₹76.14 Cr.₹7.06 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Modi's Navnirman IPO Retail Individual Investors (RII) are offered 5,96,000 shares while in Sailani Tours N Travels IPO retail investors are offered 5,96,000 shares. Qualified Institutional Buyers (QIB) are offered in Modi's Navnirman IPO and in Sailani Tours N Travels IPO.

 Modi's Navnirman IPOSailani Tours N Travels IPO
Anchor Investor Reserveration
Market Maker Reserveration68,000 shares64,000 shares
QIB
NII5,96,000 shares6,00,000 shares
RII5,96,000 shares6,00,000 shares
Employee
Others
Total11,92,000 shares12,00,000 shares

Bids Received (Subscription)

Modi's Navnirman IPO subscribed 1.99x in total, whereas Sailani Tours N Travels IPO subscribed 3.24x.

 Modi's Navnirman IPOSailani Tours N Travels IPO
QIB (times)
NII (times)2.76x1.87x
Big NII (times)
Small NII (times)
RII (times)1.22x4.61x
Employee (times)
Other (times)
Total (times)1.99x3.24x