Saj Hotels’ IPO is a fixed price issue amounting to Rs 27.63 crores. The entire issue consists of a fresh offering of 42.5 lakh shares.
The Saj Hotels IPO will open for subscription on September 27, 2024, and close on October 1, 2024. The allotment of shares is expected to be finalized on Thursday, October 3, 2024. The IPO will be listed on the NSE SME, with the tentative listing date scheduled for Monday, October 7, 2024.
Saj Hotels Limited operates in the hospitality sector. The company offers a range of services including traditional resort accommodations, villa rentals, and restaurant and bar properties1. They manage and operate multiple resort properties, providing comprehensive services to ensure a memorable experience for their guests.
The price of the Saj Hotels IPO is ₹65 per share. Investors must apply for a minimum lot size of 2,000 shares, which requires a minimum investment of ₹130,000 for retail investors. High-net-worth individuals (HNIs) must invest in at least 2 lots (4,000 shares), amounting to ₹260,000.
Corpwis Advisors Private Limited is serving as the book-running lead manager for the Saj Hotels IPO, while Satellite Corporate Services Private Limited is the registrar. The market maker for the IPO is Nnm Securities.
Saj Hotels IPO Details:
| Company Name | Saj Hotels Limited |
| Sector | Hospitality |
| IPO Type | SME |
| IPO Open date | 27th Sep 2024 |
| IPO Close date | 01st Oct 2024 |
| OFS | |
| Listing Exchanges | NSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Saj Hotels IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 2000 | 1,30,000 |
| HNI (Min) | 2 | 4000 | 2,60,000 |
Saj Hotels IPO Timeline:
| IPO Open Date | 27th Sep 2024 |
| IPO Close Date | 01st Oct 2024 |
| Basis of Allotment | 03rd Oct 2024 |
| Refund Initiation Date | 04th Oct 2024 |
| Shares Credit to Demat | 04th Oct 2024 |
| Listing Date | 07th Oct 2024 |
Things to Consider before applying for an IPO
Financial Performance: Review Saj Hotels’ financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s Hospitality Industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in Saj Hotels and be a part of its growth.
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
