The Sailani Tours N Travels IPO has begin on 27 June 2022. It will close on 30 June 2022. The Total IPO Size is 1.90 Crore. The company set its IPO price is 15 Rs Per Share. Basically, there are two basic categories in Sailani Tours N Travels IPO Subscription 1) Non Institutional Investors 2) Retail Individual Investors (RIIs).
Sailani Tours N Travels belongs to the Tourism and Hospitality sector of the Economy. Their business can be broadly categorized as Leisure Travel, Corporate Travel, Forex, and Visa Processing. The design of 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, and events and as an incentive for their employees and business partners
The company has given 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.
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Can we Subscribe Sailani Tours N Travels IPO?
In our view, Avoid.
Sailani Tours N Travels IPO Subscription Status( 30-June-2022 )
| Day 1 (times) | Day 2 (times) | Day 3 (times) | Day 4 (times) | |
| NII | 0.32 | 0.43 | 0.88 | 1.87 |
| Retail | 0.71 | 1.65 | 2.33 | 4.61 |
| Total | 0.51 | 1.04 | 1.61 | 3.24 |
Sailani Tours N Travels IPO Date, Details & Price Band
| IPO Opening Dates | 27 June 2022 |
| IPO Closing Dates | 30 June 2022 |
| Price Band | 15 Rs Per Share |
| Fresh issue | 1.90 Crore |
| Total IPO size | 1.90 Crore |
| Minimum bid (lot size) | 8000 Shares |
| Face Value | 10 INR Per Share |
| Retail Allocation | 50% |
| Non-Institutional | 50% |
| Listing On | BSE SME |
