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Sailani Tours N Travels IPO is a fixed price issue of ₹1.90 crores. The issue is entirely a fresh issue of 0.13 crore shares of ₹1.90 crore.
Sailani Tours N Travels IPO bidding started from Jun 27, 2022 and ended on Jun 30, 2022. The allotment for Sailani Tours N Travels IPO was finalized on Jul 5, 2022. The shares got listed on BSE SME on Jul 8, 2022.
Sailani Tours N Travels IPO price is ₹15.00 per share . The lot size for an application is 8,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (8000 shares). The minimum lot size investment for HNI is 2 lots (16,000 shares), amounting to ₹2,40,000.
Gretex Corporate Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Gretex Share Broking Pvt.Ltd..
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 |
| Issue Price Band | |
| Issue Price Final | ₹15 per share |
| Lot Size | 8,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 12,64,000 shares (aggregating up to ₹1.90 Cr) |
| Reserved for Market Maker | 64,000 shares Gretex Share Broking Pvt.Ltd. (aggregating up to ₹0.0960 Cr) |
| Net Offered to Public | 12,00,000 shares (aggregating up to ₹1.80 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 34,40,000 shares |
| Share Holding Post Issue | 47,04,000 shares |
Sailani Tours N Travels IPO offers total 12,64,000 shares. Out of which 6,00,000 (47.47%) allocated to NII, 6,00,000 (47.47%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 64,000 (5.06%) |
| NII (HNI) Shares Offered | 6,00,000 (47.47%) |
| Retail Shares Offered | 6,00,000 (47.47%) |
| Total Shares Offered | 12,64,000 (100.00%) |
Sailani Tours N Travels IPO opens on June 27, 2022, and closes on June 30, 2022.
| IPO Open Date | Mon, Jun 27, 2022 |
| IPO Close Date | Thu, Jun 30, 2022 |
| Tentative Allotment | Tue, Jul 5, 2022 |
| Initiation of Refunds | Wed, Jul 6, 2022 |
| Credit of Shares to Demat | Thu, Jul 7, 2022 |
| Tentative Listing Date | Fri, Jul 8, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Jun 30, 2022 |
Investors can bid for a minimum of 8,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 8,000 | ₹1,20,000 |
| Retail (Max) | 1 | 8,000 | ₹1,20,000 |
| HNI (Min) | 2 | 16,000 | ₹2,40,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 ₹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...
| Listing Date | July 8, 2022 |
| BSE Script Code | 543541 |
| NSE Symbol | |
| ISIN | INE0KHQ01010 |
| Final Issue Price | ₹15 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹15.00 |
| Open | ₹15.50 |
| Low | ₹15.50 |
| High | ₹16.27 |
| Last Trade | ₹16.27 |
Sailani Tours N Travels Ltd.
CE-25 Sector-1,
3rd Cross road,
Salt Lake City,
Kolkata, West Bengal, 700064
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
Sailani Tours N Travels IPO is a SME IPO of 12,64,000 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.
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, and the minimum amount required for application is ₹1,20,000.
You can apply in Sailani Tours N Travels IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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.
The Sailani Tours N Travels IPO listing date is on Friday, July 8, 2022.
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