Fixed Price IPO | ₹2 Cr | Listed at BSE SME | Mon, Jun 27, 2022 - Thu, Jun 30, 2022
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Mon, Jun 27, 2022
IPO Close
Thu, Jun 30, 2022
Issue Price
₹15 per share
Market Cap (Pre-IPO)
₹7.06 Cr
| IPO Date | 27 to 30 Jun, 2022 |
| Listed on | Fri, Jul 8, 2022 |
| Face Value | ₹10 per share |
| Issue Price | ₹15 per share |
| Lot Size | 8,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 12,64,000 shares (agg. up to ₹2 Cr) |
| Reserved for Market Maker | 64,000 shares Gretex Share Broking Pvt.Ltd. (agg. up to ₹0.0960 Cr) |
| Fresh Issue (Ex Market Maker) | 12,00,000 shares (agg. up to ₹2 Cr) |
| Net Offered to Public | 12,00,000 shares (agg. up to ₹2 Cr) |
| Share Holding Pre Issue | 34,40,000 shares |
| Share Holding Post Issue | 47,04,000 shares |
| BSE Script Code | 543541 |
| ISIN | INE0KHQ01010 |
Sailani Tours N Travels IPO comprises a total issue size of 12,64,000 shares. The net offer to the public is 12,00,000 shares, after excluding 64,000 shares allotted on a firm basis. Of the Net offer 6,00,000 (50.00%) allocated to NII 6,00,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 6,00,000 | 50.00% | 47.47% |
| Retail Shares Offered | 6,00,000 | 50.00% | 47.47% |
| Firm Reservations | |||
| Market Maker Shares Offered | 64,000 | 5.06% | |
| Total Shares Offered | 12,64,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 8,000 shares and in multiples thereof.
| 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 |
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 | 31 Dec 2021 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|
| Assets | 6.28 | 5.96 | 6.55 |
| Total Income | 3.14 | 1.13 | 4.29 |
| Profit After Tax | 0.03 | 0.03 | 0.05 |
| NET Worth | 1.63 | 1.62 | 0.76 |
| Reserves and Surplus | 0.10 | 0.09 | 0.05 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding of Working Capital Requirements of the company | 1.20 |
| 2 | General Corporate Purpose | 0.37 |
| KPI | |
|---|---|
| Debt/Equity | 1.57 |
| RoNW | 1.95% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 0.25 | |
| P/E (x) | 187.5 | |
| Promoter Holding | 49.27% | 36.03% |
| Market Cap | ₹7.06 Cr. |
The Sailani Tours N Travels IPO is subscribed 3.24 times on June 30, 2022 5:29:00 PM (Day 4). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.87 | 6,00,000 | 11,20,000 |
| Retail | 4.61 | 6,00,000 | 27,68,000 |
| Total | 3.24 | 12,00,000 | 38,88,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to the Lead Manager | 0.22 |
| 2 | Market Making Fees | 0.04 |
| 3 | Fees payable to Registrar to Issue | 0.01 |
| 4 | Fees to Legal Advisor | 0.01 |
| 5 | Advertisement Expenses | 0.01 |
| 6 | Fees payable to Regulators including Stock Exchange | 0.02 |
| 7 | Printing & Distribution Expenses | 0.01 |
| 8 | Marketing & Selling Expenses | 0.01 |
| 9 | Payment to Sponsor Bank | 0.01 |
| 10 | Statutory & Other Reports | 0.01 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹15.00 |
| Open | ₹15.50 |
| Low | ₹15.50 |
| High | ₹16.27 |
| Last Trade | ₹16.27 |
Lead Manager Reports
Sailani Tours N Travels IPO is a SME IPO of 12,64,000 equity shares of the face value of ₹10 aggregating up to ₹2 Crores. The issue is priced at ₹15 per share. The minimum order quantity is 8000.
The IPO opens on Mon, Jun 27, 2022, and closes on Thu, 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
Visit Zerodha IPO Application Process Review for more detail.
The Sailani Tours N Travels IPO opens on Mon, Jun 27, 2022 and closes on Thu, Jun 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 Thu, Jul 7, 2022. Check the Sailani Tours N Travels IPO allotment status.
The Sailani Tours N Travels IPO listing date is on Fri, Jul 8, 2022.
