Sailani Tours N Travels Limited 380th company to get listed on BSE SME platform.
Sailani Tours N Travels Limited became the 380th company to get listed on the BSE SME Platform on July 08, 2022. Sailani Tours N Travels Limited came out with an initial public offering of 12,64,000 Equity Shares of Rs.10 Each (“Equity Shares”) For Cash at a Price of Rs. 15 Per Equity Share (The “Offer Price”), Aggregating to Rs. 1.90 Crore. The company has successfully completed its public issue on June 30, 2022.
Sailani Tours N Travels Limited is West Bengal based company whose registered office is at Kolkata. The company 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.
Mumbai based Gretex Corporate Services Limited, was the lead manager to Sailani Tours N Travels Limited.
So far, 147 companies have migrated to the main board. The 379 companies listed on BSE SME Platform have raised Rs.4,045.79 crore from the market and total market capitalization of 379 companies as on July 07, 2022 is Rs. 51,658.43 Crore. BSE is the market leader in this segment with a market share of 61 percent.
SEBI came out with detailed guidelines on 18th May 2010 for launching of SME Exchange/Platform. BSE became the first stock exchange to get the approval from SEBI and launch its SME platform on 13th March 2012.
The response since the launch of this platform by BSE has been very positive till date.