Saj Hotels Limited IPO

Saj Hotels Limited IPO opens on September 27, 2024, and closes on October 1, 2024. The allotment for the Saj Hotels IPO is expected to be finalized on Thursday, October 3, 2024. Saj Hotels IPO will list on NSE SME with a tentative listing date fixed as Monday, October 7, 2024.

Saj Hotels IPO price is ₹65 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹130,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹260,000.

Saj Hotels IPO is a fixed price issue of Rs 27.63 crores. The issue is entirely a fresh issue of 42.5 lakh shares.

Saj Hotels IPO Details

Saj Hotels IPO Lot Size

Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Saj Hotels IPO Objectives

The Company proposes to utilize the funds which are being raised towards funding the following objects

1. Capital Expenditure Requirements towards the Expansion of existing resort properties
2. Funding of working capital requirements of the Company
3. General Corporate Expenses

About Saj Hotels Limited

Incorporated in February 1981, Saj Hotels Limited operates in the hospitality sector, providing a variety of services, including resort accommodations, villa rentals, and dining options. The company manages three resort properties, two owned and one leased, all designed to offer comfort and host events like conferences and weddings. Saj Hotels has also invested 50% in My Own Rooms Dot In Private Limited to diversify its portfolio. As of May 2024, the company employs 144 staff members. Key competitive strengths include stunning natural vistas, a range of amenities such as restaurants and a spa, experienced management, and strong community engagement to foster beneficial relationships.

Saj Hotels Limited Financial Information

Saj Hotels IPO Reservation

Saj Hotels IPO Timeline

Saj Hotels IPO opens on September 27, 2024, and closes on October 1, 2024.