IPO Issue Details
Issue Price / Price Band₹15 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size8,000 Shares per Lot
Total Issue Size12,64,000 shares (aggregating up to ₹1.90 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenMon, 27 Jun 2022
Subscription CloseThu, 30 Jun 2022
Anchor AllotmentSun, 26 Jun 2022
Basis of AllotmentTue, 05 Jul 2022
Initiation of RefundsWed, 06 Jul 2022
Credit of Shares to DematThu, 07 Jul 2022
Listing DateFri, 08 Jul 2022
UPI Mandate Deadline2022-06-30
Application & Investment Details
Retail — Min (1 Lots)₹1,20,000 — 8,000 shares
Retail — Max (13 Lots)₹1,560,000 (13 Lots)
HNI — Min (2 Lots)₹2,40,000 — 16,000 shares
Net Offer to Public12,00,000 shares (aggregating up to ₹1.80 Cr)
Reserved for Market Maker64,000 shares (aggregating up to ₹0.0960 Cr
Pre-IPO Promoter Holding34,40,000 shares
Post-IPO Promoter Holding47,04,000 shares
About Sailani Tours N Travels Ltd.
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.
Objects of the Issue
Sailani Tours N Travels Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
a) To Meet Working Capital Requirements
2
b) General Corporate Purposes
Shareholding & Lock-in
Pre-IPO Promoter Holding
34,40,000 shares
Post-IPO Promoter Holding
47,04,000 shares