Sailani Tours N Travels SME
Listing performance
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Issue details
- IPO date
- 27 Jun 2022 – 30 Jun 2022
- Listing date
- 08 Jul 2022
- Face value
- ₹10 per share
- Issue price
- ₹15 per share
- Lot size
- 8,000 shares
- Total issue size
- ₹1.90 Cr
- Market cap at offer price
- ₹7.06 Cr
- Promoter holding
- 49.27% → 36.03% pre-issue → post-issue
- ISIN
- INE0KHQ01010
- Registrar
- Bigshare Services Pvt.Ltd.
- Lead managers
- Gretex Corporate Services Ltd.
- Registered office
- CE-25 Sector-1, 3rd Cross road, Salt Lake City, West Bengal
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Market maker | 64,000 | — | — |
Application size
Minimum 8,000 shares per lot, in multiples, at ₹15
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 8,000 | ₹1,20,000 |
| S-HNI (min) | 2 | 16,000 | ₹2,40,000 |
| S-HNI (max) | 8 | 64,000 | ₹9,60,000 |
| B-HNI (min) | 9 | 72,000 | ₹10,80,000 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Valuation and performance
Valuation at offer price
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 0.25 | — |
| P/E (×) | 60.00 | — |
| Market cap | — | ₹7.06 Cr |
Key performance indicators
- Return on net worth
- 1.95%
- Debt / equity
- 1.57
- NAV per share
- ₹12.77
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
About Sailani Tours N Travels SME
Sailani Tours N Travels Limited (formerly Sailani Tours N Travels Private Limited) was incorporated on September 26, 2019 as a private limited company and converted into a public limited company on October 7, 2021 (CIN: U63090WB2019PLC234136), with its registered office at Salt Lake City, Kolkata. Per the Draft Prospectus, it 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,' with its business broadly categorised as Leisure Travel, Corporate Travel, Forex and Visa Processing. It designs travel packages for individuals and groups for domestic and international leisure travel (with Outbound and Domestic sub-segments), makes travel arrangements for corporate clients for business meetings, conferences, events and incentives, and provides end-to-end travel solutions including land, air and cruise bookings, hotel bookings, in-transit arrangements, local sightseeing, visa, passport and medical insurance assistance, destination management services, and travel-related foreign exchange & payment solutions. It distributes through its registered office, branch offices in Bengaluru and Chennai, a network of franchisees across India, and its website www.sailanitours.com, and had 13 employees as of the filing date. It earns money on an order-driven basis from selling these travel products and services (restated revenue from operations: ₹427.65 lakhs in FY20, ₹109.91 lakhs in FY21, and ₹312.37 lakhs for the nine months ended December 31, 2021).
Company Analysis
from DRHPKolkata-based tours and travels company offering leisure travel holiday packages (domestic and outbound), corporate travel management, and travel-related forex and visa processing services.
Sailani Tours N Travels Limited (formerly Sailani Tours N Travels Private Limited) was incorporated on September 26, 2019 as a private limited company and converted into a public limited company on October 7, 2021 (CIN: U63090WB2019PLC234136), with its registered office at Salt Lake City, Kolkata. Per the Draft Prospectus, it 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,' with its business broadly categorised as Leisure Travel, Corporate Travel, Forex and Visa Processing. It designs travel packages for individuals and groups for domestic and international leisure travel (with Outbound and Domestic sub-segments), makes travel arrangements for corporate clients for business meetings, conferences, events and incentives, and provides end-to-end travel solutions including land, air and cruise bookings, hotel bookings, in-transit arrangements, local sightseeing, visa, passport and medical insurance assistance, destination management services, and travel-related foreign exchange & payment solutions. It distributes through its registered office, branch offices in Bengaluru and Chennai, a network of franchisees across India, and its website www.sailanitours.com, and had 13 employees as of the filing date. It earns money on an order-driven basis from selling these travel products and services (restated revenue from operations: ₹427.65 lakhs in FY20, ₹109.91 lakhs in FY21, and ₹312.37 lakhs for the nine months ended December 31, 2021).
Objects of the Issue
- To Meet Working Capital Requirements ₹120.00 Lakhs p.77
- General Corporate Purposes ₹36.60 Lakhs p.78
Issue Structure
- Total Issue
- ₹189.60 Lakhs (12,64,000 Equity Shares)
- Fresh Issue
- ₹189.60 Lakhs (12,64,000 Equity Shares of ₹10.00 each at ₹15.00 per Equity Share, including premium of ₹5.00 per Equity Share)
- Offer for Sale
- Nil (entire issue constitutes fresh issue of equity shares)
- Price Band
- Fixed Price Issue at ₹15.00 per Equity Share (1.5 times the face value; no price band)
- Lot Size
- 8,000 Equity Shares and in multiples of 8,000 thereafter (minimum allotment 8,000 Equity Shares)
- Face Value
- ₹10.00
Business Model
Order-driven sale of travel products and services: pre-packaged and tailor-made domestic and outbound holiday packages (leisure travel), customized business travel solutions for corporate clients, and travel-related foreign exchange & payment solutions plus visa, passport and insurance assistance — sold through its own offices, franchised shops across India and its online portal www.sailanitours.com.
Business Segments
SWOT Analysis
- • Skilled and quality staff as core asset(p.97)
- • 'One Stop Shop' integrated product spectrum across visa, ticketing, holidays, insurance and forex(p.97)
- • Scalable, order-driven business model delivering economies of scale(p.97)
- • Technology infrastructure with integrated front, mid and back-office web solution(p.97)
- • Operational practices aligned to customer experience(p.97)
- • Progressive employer culture aiding talent retention(p.97)
- • Negative cash flows from operating activities in recent periods(p.30)
- • No long-term contracts with customers; business transacted on purchase-order basis(p.25)
- • Revenue concentration in top 5 and top 10 customers(p.31)
- • Limited operating history in hotels/holiday packages and railway ticketing operations(p.24)
- • Registered office premises are leased, not owned(p.26)
- • Company logo/trademark not yet registered(p.26)
- • No insurance coverage for registered office or keyman(p.27)
- • Past non-compliances/discrepancies in statutory filings with RoC and pending proceedings involving Promoters/Directors(p.25)
- • Expansion of franchise network to improve domestic penetration(p.98)
- • Growth of online travel channel via company website(p.98)
- • Bulk-buying bargaining power as volumes grow(p.98)
- • Large projected growth of Indian travel market(p.91)
- • Government initiatives reviving inbound tourism(p.92)
- • Recovery in domestic travel demand post-lockdown(p.96)
- • Strategic acquisitions and technology alliances to enter new client segments(p.99)
- • COVID-19 pandemic's severe impact on travel and tourism sector(p.23)
- • Intense competition in the Indian travel market(p.24)
- • Competition from organized and unorganized players pressuring margins and market share(p.27)
- • Disruption to supply of air/train/bus tickets and hotel accommodation or price increases(p.24)
- • Travel industry susceptibility to natural calamities, terrorist attacks, conflicts and disease outbreaks(p.25)
- • Adverse changes in government regulations governing the business(p.36)
- • Dependence on general economic and market conditions in India and globally(p.28)
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Mr. Krishna Kumar Chanani | Promoter | 29.07% | 21.26% |
| Ms. Sunita Chanani | Promoter | 19.97% | 14.60% |
| Krishna Kumar Chanani (HUF) | Promoter Group | 0.15% | 0.11% |
| Mr. Mohit Chanani | Promoter Group | 0.09% | 0.06% |
Leadership
Auto-extracted from the company's DRHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official DRHP before relying on it.