Sailani Tours N Travels IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Aug 07, 2023Let’s have a detailed review of the company and analytics of the Sailani Tours N Travels IPO release date, IPO offer price, subscription, Sailani Tours N Travels Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 15 |
| Listing At | BSE, SME |
| Min. Order Quantity | 8000 Shares |
| Listing Date | Jul 8, 2022 |
| Offer for Sale | Rs Lakhs |
| Fresh Issue | Rs 190 Lakhs |
| IPO Size | Rs 190 Lakhs |
| Tick Size | 1 |
Sailani Tours N Travels IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
Sailani Tours N Travels IPO – Summary
Their Company was originally incorporated on September 26, 2019 as a private limited company as “Sailani Tours N Travels Private Limited” vide Registration No. 234136 under the provisions of the Companies Act, 2013 with the Registrar of Companies, Central Registration Centre.
Subsequently, pursuant to a special resolution of their Shareholders passed in the Extra Ordinary General Meeting held on September 10, 2021 their Company was converted from a private limited company to public limited company and consequently, the name of their Company was changed to ‘Sailani Tours N Travels Limited’ and a fresh certificate of incorporation consequent to conversion was issued on October 07, 2021 by the Registrar of Companies, Kolkata. The Corporate Identification Number of their Company is U63090WB2019PLC234136.
Sailani Tours N Travels IPO Date
The opening and the closing date of Sailani Tours N Travels IPO are Jun 27, 2022 and Jun 30, 2022 Respectively.
Sailani Tours N Travels IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 27th Jun | 0.32x | 0.71x | 0.51x |
| 2nd Day – 28th Jun | 0.43x | 1.65x | 1.04x |
| 3rd Day – 29th Jun | 0.88x | 2.33x | 1.61x |
| 4th Day – 30th Jun | 1.87x | 4.61x | 3.24x |
| Shares Offered or Net Issue | 600,000 | 600,000 | 1,200,000 |
The shares subscribed by the public will be updated here.
Sailani Tours N Travels IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Sailani Tours N Travels Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Jul 5, 2022 |
| Refunds Initiation | Jul 6, 2022 |
| Credit of Shares to Demat Account | Jul 7, 2022 |
| Share Listing Date | Jul 8, 2022 |
Sailani Tours N Travels IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.15
Sailani Tours N Travels IPO Equity Size
This Initial Public Issue of 1,264,000 Equity Shares of Rs.10 each for cash at a price of Rs.15 per equity share aggregating to Rs.190 Lakhs.
Sailani Tours N Travels IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 1,264,000 Equity Shares of Rs.10/ each.
Issue Size: 1,264,000 Equity Shares of Rs.10 each, aggregating to Rs.190 lakhs
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Sailani Tours N Travels IPO – Live Performance
The listing date of this IPO is Jul 8, 2022. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Sailani Tours N Travels Share Price |
Sailani Tours N Travels IPO Grey Market Premium
The Sailani Tours N Travels Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
Sailani Tours N Travels IPO – Company Overview
Sailani has evolved through its 3 years journey and started to make a name for its self in travel industry and is one of the recognised holiday brands that cater to the overall travel needs of an Indian and International traveller in the state of Kolkata. Their business can be broadly categorised as Leisure Travel, Corporate Travel, Forex and Visa Processing. They design travel packages for both individuals and groups for their domestic and international leisure travel.
They make travel arrangements for corporate clients to cater to their business meetings, conferences, events and as an incentive for their employees and business partners.
Also, they provide end to end travel solutions including land, air and cruise bookings, hotel bookings, in-transit arrangements, local sightseeing, visa, passport and medical insurance assistance and such other destination management services. Besides, they provide travel related foreign exchange & payment solutions.
Sailani Tours N Travels IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakhs) | |||
| 31-Dec-21 | 31-Mar-21 | Mar-20 | |
| Total Assets | 628.1 | 595.77 | 655.08 |
| Total Revenue | 314.08 | 112.56 | 429.31 |
| Total Expense | 307.47 | 108.39 | 421.90 |
| Profit After Tax | 2.97 | 3.14 | 5.39 |
Earnings per Equity Share (in Lakhs)
| 31-Dec-21 | 31-Mar-21 | Mar-20 | |
| Basic & Diluted | 0.19 | 0.25 | 1.82 |
Further, their PAT for the period ended on Dec 31, 2021, March 31, 2021, March 31, 2020 were Rs.2.97 Lakhs, Rs.3.14 Lakhs and Rs.5.39 Lakhs respectively.
Sailani Tours N Travels IPO – Promoters
The Promoter of this company is:
- Mr. Krishna Kumar Chanani
- Ms. Sunita Chanani
List of Related Parties (Key Managerial Personnel)
- Mr. Durgadas Ghosh, Managing Director
- Ms. Sunita Chanani, Executive Director
- Mr. Krishna Kumar Chanani, Non-Executive Director
- Mr. Manoj Pasari, Independent Director
- Ms. Gajal Agarwa, Independent Director
Sailani Tours N Travels IPO – Promoters Holding
- Pre Issue Share Holding – 49.27%
- Pos Issue Share Holding – 36.03%
Sailani Tours IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 12,64,000 Equity Shares aggregating up to Rs.189.60 Lakhs. |
| of which: | |
| Issue Reserved for the Market Makers | Up to 64,000 Equity Shares aggregating up to Rs.9.60 Lakhs |
| Net Issue to the Public | Up to 12,00,000 Equity Shares aggregating up to Rs.180.00 Lakhs. |
| Of which: | |
| Retail Investors Portion | Not less than 6,00,000 Equity Shares |
| Other than Retail Individual Investors | Not more than 6,00,000 Equity Shares |
| Equity Shares outstanding prior to the Issue | 34,40,000 Equity Shares |
| Equity Shares outstanding after the Issue | 47,04,000 Equity Shares |
Sailani Tours N Travels IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- To Meet Working Capital Requirements
- General Corporate Purposes
Sailani Tours N Travels IPO – Business Strategy
- Better Reach & Spread
- Online Presence
- Bulk buying advantage
- Cost effectiveness
- Maintain their focus to strengthen customer relationship
- Increase Brand awareness
- Building-up as a Professional Organisation
- Continue to attract and retain talent
- Strategic Acquisition and Alliance Opportunities
Sailani Tours IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Skilled & Quality Staff
- Product Spectrum
- Scalable Business Model
- Customer Experience
- Technology Infrastructure
- Progressive Employer
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | 0.25 | 1.95 | 12.77 |
| 31-Mar-19 | 1.82 | 7.05 | – |
Sailani Tours N Travels IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| Sailani Tours N Travels Limited | 10 | 60 | 0.25 | 1.95 | 109.91 |
| Listed Peers | |||||
| International Travel House Limited | 10 | – | (13.38) | (11.23) | 9420.90 |
| Easy Trip Planners Limited | 10 | 74.10 | 4.93 | 44.71 | 2328.60 |
Sailani Tours IPO Lead Managers
| Lead Managers |
| GRETEX CORPORATE SERVICES LIMITED Office No. 13, 1st Floor, New Bansilal Building, Raja Bahadur Mansion, 9-15, Homi Modi Street, Fort, Mumbai– 400001, Maharashtra, India. Tel No.: +91 22 4002 5273 / 96532 49863 Email: info@gretexgroup.com Website: www.gretexcorporate.com Contact Person: Ms. Dimple Magharam Slun SEBI Registration No: INM000012177 CIN: L74999MH2008PLC288128 |
Sailani Tours N Travels IPO Registrar to offer
| Registrar to the Offer |
| BIGSHARE SERVICES PRIVATE LIMITED 1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol, Andheri East, Mumbai– 400059, Maharashtra, India. Tel No.: +91 22 6263 8200; Fax No.: +91 22 6263 8299 E-mail: ipo@bigshareonline.com Investor Grievance E-mail: investor@bigshareonline.com Website: www.bigshareonline.com Contact Person: Mr. Swapnil Kate SEBI Registration No.: INR000001385 CIN: U99999MH1994PTC076534 |
Sailani Tours N Travels IPO – Other Details
- Statutory Auditor – P MUKHERJEE & CO
- Legal Counsel to the Company – ADV SHAIILESH L DALVI
- Bankers to the Company – IDFC FIRST BANK LIMITED
Sailani Tours IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Sailani Tours N Travels Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Sailani Tours N Travels IPO Review FAQs
Check out various FAQs related to Sailani Tours IPO:
What is the Issue Size of Sailani Tours IPO?
The Company is making an initial public offer of 1,264,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and the net issue.
What is the Price band of Sailani Tours IPO?
The price band for this particular IPO ranges between Rs.15. As far as the face value of the share is of concern, it is Rs.10 per share.
What is the Sailani Tours IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on Jun 27, 2022, while the closing date is set at Jun 30, 2022.
What is the Sailani Tours IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Jul 5, 2022, refund initiation is on Jul 6, 2022, credit of shares is on Jul 7, 2022, and share listing date is on Jul 8, 2022.
What is the Sailani Tours IPO Listing Date?
Shares of this company shall be listed in the exchanges Jul 8, 2022. The date, when the listing would be done, is stagnant on Jul 8, 2022.
Who is the Registrar of Sailani Tours IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. Bigshare Services Private Limited. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Sailani Tours IPO?
Here are the promoters of this IPO – Mr. Krishna Kumar Chanani and Ms. Sunita Chanani . You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is GMP of Sailani Tours IPO?
They have obtained the GMP of this IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Is Sailani Tours IPO good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Sailani Tours N Travels Company?
They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2021 in Lakhs is 3.14, 2020 is 5.39. PAT from Dec 2021 is 2.97.
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