IPO > IPO details

< Back

SAJ HOTELS LIMITED

SME

Issue Price

₹65

per equity share

Issue Size

42.5 lakhs

equity share

Face Value

₹ 10

per equity share

Market Lot

2000

equity share

Please note

Listing at NSE

SAJ HOTELS LIMITED

Important Dates

IPO Open Date

27 Sep 2024

IPO Close Date

01 Oct 2024

Allotment Date

03 Oct 2024

Initiation of Refunds

04 Oct 2024

Credit of Shares to Demat Account

04 Oct 2024

IPO Listing Date

07 Oct 2024

UPI Mandate Expiry Date

01 Oct 2024

IPO Details

Saj Hotels is open for subscription from Friday, September 27, 2024, and closes on Tuesday, October 1, 2024. The price for this IPO is set at Rs 65 per share. Saj Hotels IPO is offering entirely a fresh issue of 42.50 lakh equity shares worth up to Rs 27.63 crore. The allotment for this new IPO is expected to be finalised on Thursday, October 3, 2024. The listing of this IPO will be done on Monday, October 7, 2024, at NSE SME segment. The minimum lot size set for the retail category is 1 lot, i.e., 2000 shares. For retail investors, the minimum and maximum investment amount required is Rs 130,000. However, for the HNI category, the minimum lot size is 2 lots, i.e., 4000 shares amounting to Rs 260,000. The IPO is managed by Corpwis Advisors Private Limited, which is the book-running lead manager of this public issue. The company has appointed Satellite Corporate Services Private Limited as the registrar for the issue.

Don't let another opportunity slip away. Check your IPO status now!

Check Allotment Status

About SAJ HOTELS LIMITED

Saj Hotels Limited is an incorporated firm whose venture started in February 1981. It provides hospitality services and offers resort accommodations, villas, and dining experiences on three owned/leased properties. Two of the properties are managed and one is leased to other companies. The resorts can be used as venues for conferences, weddings, and other social events with comfort and convenience at various destinations. Saj Hotels has now raised its stakes to 50% in My Own Rooms Dot In Private Limited. The group can make memorable customers by offering breathtaking natural scenery and essential services such as restaurants, spas, and event facilities while working through seasonal changes. To date, May 2024, Saj Hotels has a staff force of 144 employees manning its operations.

Parent Organisation

-

Founded

1981

Managing Director

Rahul Maganlal Timbadia, Kartik Maganlal Timbadia and Karna Kartik Timbadia

IPO Objectives

Saj Hotels Limited is an incorporated firm whose venture started in February 1981. It provides hospitality services and offers resort accommodations, villas, and dining experiences on three owned/leased properties. Two of the properties are managed and one is leased to other companies. The resorts can be used as venues for conferences, weddings, and other social events with comfort and convenience at various destinations. Saj Hotels has now raised its stakes to 50% in My Own Rooms Dot In Private Limited. The group can make memorable customers by offering breathtaking natural scenery and essential services such as restaurants, spas, and event facilities while working through seasonal changes. To date, May 2024, Saj Hotels has a staff force of 144 employees manning its operations.

How to apply for IPO

  • Login to your Bigul account and select the issue in the current IPO section
  • Enter the number of lots and price at which you wish to apply for
  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
  • You will receive a mandate notification to block funds in your UPI app
  • Approve the mandate request on your UPI and funds will be blocked
Close

Let's Open Free Demat Account