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.
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Check Allotment StatusAbout 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
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