Sailani Tours N Travels IPO
Sailani Tours N Travels (IPO) 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 Financials
| Period Ended | 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 |
| Amount in ₹ Lakhs |
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
IPO Details
| Sailani Tours N Travels IPO Date | Jun 27, 2022 to Jun 30, 2022 |
| Sailani Tours N Travels IPO Face Value | ₹10 per share |
| Sailani Tours N Travels IPO Price | ₹15 per share |
| Sailani Tours N Travels IPO Lot Size | 8000 Shares |
| Issue Size | 1,264,000 shares of ₹10 (aggregating up to ₹1.90 Cr) |
| Fresh Issue | 1,264,000 shares of ₹10 (aggregating up to ₹1.90 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Retail Shares Offered | 50% of the net offer |
| NII (HNI) Shares Offered | 50% of the net offer |
| Company Promoters | Mr. Krishna Kumar Chanani and Ms. Sunita Chanani are the company promoters. |
Sailani Tours N Travels IPO Timeline
IPO opens on Jun 27, 2022, and closes on Jun 30, 2022. IPO bid date is from Jun 27, 2022 10.00 A.M. to Jun 30, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.
| Event | Date |
|---|---|
| Sailani Tours N Travels IPO Opening Date | Jun 27, 2022 |
| Sailani Tours N Travels IPO Closing Date | Jun 30, 2022 |
| Basis of Allotment | Jul 5, 2022 |
| Initiation of Refunds | Jul 6, 2022 |
| Credit of Shares to Demat | Jul 7, 2022 |
| Sailani Tours N Travels IPO Listing Date | Jul 8, 2022 |
IPO Lot Size
The Sailani Tours N Travels IPO lot size is 8000 shares. A retail-individual investor can apply for up to 1 lots (8000 shares or ₹120,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 8000 | ₹120,000 |
| Maximum | 1 | 8000 | ₹120,000 |
IPO Promoter Holding
| Pre Issue Share Holding | 49.27% |
| Post Issue Share Holding | 36.03% |
IPO Prospectus
Company Contact Information
Sailani Tours N Travels Limited
CE-25 Sector-1,
3rd Cross road, Salt Lake City,
Kolkata- 700064, West Bengal,
Phone: +91 03-48044939
Email: [email protected]
Website: http://www.sailanitours.com/
IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: http://www.bigshareonline.com
IPO Broker Recommendations
- Avoid
IPO Lead Manager(s)
- Gretex Corporate Services Pvt Ltd
