IGI Logo

Sailani Tours N Travels Ltd. makes a strong debut on the bourses with scrip got listed at Rs 15.50 on the Bombay Stock Exchange, a 3.33 per cent premium to its issue price of Rs 15.00. The company, which raised 0.13 Cr from initial public offering, was subscribed 3.07 times, receiving bids for 38.80 lakhs shares against the total issue size of 12.64 lakhs shares. The company, listed under MT Group Securities post its IPO, opened for subscription from Jun 27 to Jun 30.

Following a strong opening, the scrip touched an intraday high of Rs [BSEHighPrice] and a low of Rs [NSEHighPrice], before closing the session [UpDown] by [ChangePer] per cent to its listing price at Rs [ClosingPriceBSE] on the BSE. The company anticipates using the proceeds of the issue for a) To Meet Working Capital Requirementsb) General Corporate Purposes.

Gretex Corporate Services Pvt. Ltd. as lead managers & Bigshare Services Pvt. Ltd. is the registrar, to the issue. Meanwhile, the broader benchmark BSE Sensex closed trade at 54,178.46, up 427.49 points, or 0.79 per cent.