What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the price band for Sailani Tours N Travels Limited IPO?

The price band for Sailani Tours N Travels Limited IPO is set at ₹15 to ₹15 per equity share with a minimum lot size of 8000 shares.

When does Sailani Tours N Travels Limited IPO open and close?

The Sailani Tours N Travels Limited IPO opens on 2022-06-27 and closes on 2022-06-30. The allotment date is 2022-07-05 and the listing date is 2022-07-08.

What is the current GMP of Sailani Tours N Travels Limited IPO?

The current grey market premium (GMP) for Sailani Tours N Travels Limited IPO is ₹0, implying an estimated listing price of ₹15 (0% gain over the upper price band).

How do I check Sailani Tours N Travels Limited IPO allotment status?

You can check the allotment status on the registrar's official portal (Bigshare Services Private Limited) or through the BSE/NSE allotment websites once the basis of allotment is finalized.

Sailani Tours N Travels Limited

ListedSME

Travel & Tourism · BSE

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.

Price Band

₹15

Issue Size

₹1.90 Cr

Lot Size

8000 shares

GMP

—

Est. Listing

₹15

at current GMP

Subscribed

3.21x

overall

Open

27 Jun 2022

30 Jun 2022

Allotment

5 Jul 2022

Refund

6 Jul 2022

Demat Credit

7 Jul 2022

Listing

8 Jul 2022

Last updated 12 days ago

Overview GMP Subscription Financials IPO Details Company Promoters Objects Peers Documents Allotment FAQs

Key Highlights

•Leading player in the Travel & Tourism segment
•Price band established at ₹15 - ₹15 per equity share
•Minimum bid lot is 8000 shares
•Estimated listing target of ₹15 based on current grey market activity