Sailani Tours N Travels Ltd - IPO

Sailani Tours N Travels Ltd IPO Details

Public issue of 12,64,000 equity shares of face value of Rs. 10.00 each (Equity Shares) of Sailani Tours N Travels Limited (the Company or the Issuer) for cash at a price of Rs. 15.00 per equity share including a share premium of Rs. 5.00 per equity share (the Issue Price) aggregating to Rs. 1.90 crores (The Issue) of which 64,000 equity shares of face value of Rs. 10.00 each for cash at a price of Rs. 15.00 per equity share including a share premium of Rs. 5.00 per equity share aggregating to Rs. 0.10 croress will be reserved for subscription by market maker to the issue. (the Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. net issue of 12,00,000 equity shares of face value of Rs. 10.00 each at a price of Rs. 15.00 per equity share including a share premium of Rs. 5.00 per equity share aggregating to Rs. 1.80 crores (the Net Issue). The issue and the net issue will constitute 26.87% and 25.51 % respectively of the post issue paid up equity share capital of the company.The face value of the equity share is Rs. 10.00 and the issue price is 1.5 times of the face value of the equity shares.

Objective of issue

Funding of Working Capital Requirements of the Company. General Corporate Purposes.

Sailani Tours N Travels Ltd Contact Details

Sailani Tours N Travels Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - info@sailanitours.com

Website - www.sailanitours.com