Sailani Tours N Travels Limited IPO Detail
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 Promoters
Mr. Krishna Kumar Chanani and Ms. Sunita Chanani are the company promoters.IPO Details
| IPO Opening Date | Jun 27, 2022 |
| IPO Closing Date | Jun 30, 2022 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹15 per equity share |
| Market Lot | 8000 Shares |
| Min Order Quantity | 8000 Shares |
| Listing At | BSE SME |
| Issue Size | ₹1.90 Cr |
| Fresh Issue | 1,264,000 shares of ₹10 (aggregating up to ₹1.90 Cr) |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 0.43x | 1.65x | 1.04x | |
| Day 2 | - | - | 0.88x | 2.33x | 1.61x | |
| Day 3 | - | - | 1.87x | 4.61x | 3.24x |
IPO Tentative Timetable
The Sailani Tours N Travels Limited IPO open date is Jun 27, 2022, and the close date is Jun 30, 2022. The issue may list on Jul 08, 2022.
| IPO Open Date | Jun 27, 2022 |
| IPO Close Date | Jun 30, 2022 |
| Basis of Allotment Date | Jul 05, 2022 |
| Initiation of Refunds | Jul 06, 2022 |
| Credit of Shares to Demat Account | Jul 07, 2022 |
| IPO Listing Date | Jul 08, 2022 |
IPO Lot Size
The Sailani Tours N Travels Limited IPO market lot size is 8000 shares. A retail-individual investor can apply for up to 1 lots (8000 shares or ₹120000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 8000 | ₹120000 |
| Maximum | 1 | 8000 | ₹120000 |
IPO Promoter Holding
| Pre Issue Share Holding | 49.27% |
| Post Issue Share Holding | 36.03% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-20 | 655.08 | 429.31 | 5.39 |
| 31-Mar-21 | 595.77 | 112.56 | 3.14 |
| 31-Dec-21 | 628.1 | 314.08 | 2.97 |
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 Limited IPO Registrar:
Bigshare Services Pvt Ltd
Sailani Tours N Travels Limited IPO Lead Manager(s):
Gretex Corporate Services Pvt Ltd (Past IPO Performance)
Company Contact Information:
Sailani Tours N Travels Limited
CE-25 Sector-1, 3rd Cross road, Salt Lake City,
Kolkata- 700064
West Bengal
