Saj Hotels IPO Details
The Saj Hotels IPO is a fixed price issue with a total issue size of ₹27.63 cr, comprising of fresh issue of 4250000 equity shares. Saj Hotels IPO opened for subscription on Sep 27, 2024 and closed on Oct 01, 2024. Saj Hotels IPO has set the price at ₹65 per share, with a lot size of 2000 shares. Minimum investment for Retail investors was ₹260,000.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Oct 03, 2024, and listed on the NSE on Oct 07, 2024.
Satellite Corporate Services Private Limited has been appointed as the registrar. Corpwis Advisors Private Limited IPO Lead Manager are the Book Running Lead Manager for the issue.
Before investing in the Saj Hotels IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 65 – 65
- Lot Size
- 2000
- Issue Size
- ₹27.63 Cr
- Minimum Investment
- ₹260000 (4000 Shares)
- Listing Date
- 07 October 2024
Current GMP
₹0 (0.00%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About Saj Hotels Limited
Saj Hotels operates in the hospitality sector, offering a range of services that include B2B, B2B2C, and B2C solutions. These services extend to conventional resort accommodations, villa rentals, and restaurant and bar properties. A key aspect of the company's operations is offering complete services to guests, which encompass food and beverage, recreation, and event hosting.
Saj Hotels manages three resorts, located in Madhya Pradesh and Maharashtra, with approximately 130 rooms. Additionally, the company is constructing villas in Goa, named 'Saj Villas', offering a selection of 2BHK and 4BHK units. Furthermore, Saj Hotels has leased a restaurant and bar property to operate a restaurant under the name 'Mahe'.
The company's workforce comprises around 144 employees, distributed across various departments.
Saj Hotels IPO Promoters
The promoters of the company are
1. Rahul Maganlal Timbadia
2. Kartik Maganlal Timbadia
3. Karna Kartik Timbadia
Promoters Holding
Holding Pre Issue
84.12%
Holding Post Issue
61.94%
Saj Hotels IPO Objective
The Company proposes to utilize the funds which are being raised towards funding the following objects and achieve the benefits of listing on the EMERGE Platform of National Stock Exchange (NSE EMERGE):
1. Capital Expenditure requirements towards expansion of existing resort properties
2. Funding of working capital requirements of the Company
3. General Corporate Expenses
Address / Contact Info
Saj Hotels Limited
Saj on the Mountains, Survey number 18,
Mahabaleshwar Panchgani Road,
Mahabaleshwar, Satara, Maharashtra –412806
Phone: 022-62875252 / 022-26203434
Email: secretarial@sajresort.in
Website: https://www.sajresort.com
IPO Snapshot
Book Running Lead Managers
- Corpwis Advisors Private Limited IPO Lead Manager
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Saj Hotels IPO is a Fixed price IPO with a total issue size of ₹27.63 crore. The Saj Hotels IPO price band is ₹65 to 65 per share. The Saj Hotels IPO subscription opens on Fri, Sep 27, 2024, and closes on Tue, Oct 1, 2024. The Saj Hotels IPO will be listed on the NSE. Satellite Corporate Services Private Limited is the registrar for the Saj Hotels IPO.
The Saj Hotels IPO opens on Fri, Sep 27, 2024 and closes on Tue, Oct 1, 2024
Saj Hotels IPO Price Band is ₹65 to 65 per share.
Saj Hotels IPO lot size is 2000 shares, Retail investors need a minimum investment of ₹260000 based on the upper price band
The minimum investment for Saj Hotels IPO is ₹260000, based on one lot of 2000 shares at the upper price band of ₹65 per share.
Investors can apply for the Saj Hotels IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Tue, Oct 1, 2024. The application amount remains blocked until the Saj Hotels IPO allotment is finalized.
Saj Hotels IPO issue size is ₹27.63 crores.
Saj Hotels IPO allotment date is Wed, Jul 1, 2026.
The registrar for Saj Hotels IPO is Satellite Corporate Services Private Limited. Investors can go to Satellite Corporate Services Private Limited website to check Saj Hotels IPO allotment status, refund processing, and other IPO-related information.
The Saj Hotels IPO GMP (Grey Market Premium) is ₹0 as of Mon, Oct 7, 2024. Based on the upper price band of ₹65 per share, the estimated Saj Hotels IPO listing price is ₹65, indicating a potential listing gain of approximately 0% over the issue price.