SAJ HOTELS LIMITED

27 Sep 2024 - 01 Oct 2024 Individual Category SME NSE

Min Investment

₹130000

Price Band

₹65

Issue Size

42.5 lakhs
Equity Shares

Lot Size

2000

IPO Dates
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27 Sep 2024

Open Date

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01 Oct 2024

Close Date

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03 Oct 2024

Allotment Date

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07 Oct 2024

Listing Date

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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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.

Founded

1981

Managing Director

Rahul Maganlal Timbadia, Kartik Maganlal Timbadia and Karna Kartik Timbadia

Parent Organization

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.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0

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