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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 EndedTotal AssetsTotal RevenueProfit After Tax
31-Mar-20655.08429.315.39
31-Mar-21595.77112.563.14
31-Dec-21628.1314.082.97
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 DateJun 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 Size8000 Shares
Issue Size1,264,000 shares of ₹10
(aggregating up to ₹1.90 Cr)
Fresh Issue1,264,000 shares of ₹10
(aggregating up to ₹1.90 Cr)
Issue TypeFixed Price Issue IPO
Listing AtBSE SME
Retail Shares Offered50% of the net offer
NII (HNI) Shares Offered50% of the net offer
Company PromotersMr. 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.

EventDate
Sailani Tours N Travels IPO Opening DateJun 27, 2022
Sailani Tours N Travels IPO Closing DateJun 30, 2022
Basis of AllotmentJul 5, 2022
Initiation of RefundsJul 6, 2022
Credit of Shares to DematJul 7, 2022
Sailani Tours N Travels IPO Listing DateJul 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).

ApplicationLotsSharesAmount
Minimum18000₹120,000
Maximum18000₹120,000

IPO Promoter Holding

Pre Issue Share Holding49.27%
Post Issue Share Holding36.03%

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]
Websitehttp://www.sailanitours.com/

IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: [email protected]
Websitehttp://www.bigshareonline.com

IPO Broker Recommendations

  • Avoid

IPO Lead Manager(s)

  1. Gretex Corporate Services Pvt Ltd