IPO Details

Saj Hotels Ltd
Registered Office: Saj on the Mountains Survey.18,Mahabaleshwar Panchgani Road,Satara-412806, Maharashtra
Tel. No: 022 6287 5252/ 022 2620 3434
Fax No:
Email: secretarial@sajresort.in
Website: www.sajresorts.com
Initial public issue of upto 42,50,000 equity shares of face value of Rs. 10/- each ("Equity Shares") of Saj Hotels Limited (the "Company" or the "Issuer") for cash at a price of Rs. 65/- per equity share (including a premium of Rs. 55/- per equity share) (the "Issue Price"), aggregating upto Rs. 27.63 crores (the "Issue"), of which 2,14,000 equity shares aggregating to Rs. 1.39 crores will be reserved for subscription by market maker (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. issue of 40,36,000 equity shares of face value of Rs. 10/- each at an issue price of Rs. 65/- per equity share aggregating to Rs. 26.23 crores is herein after referred to as the "Net Issue". The issue and the net issue will constitute 26.36% and 25.03% respectively of the post-issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10/- each and the issue price of Rs. 65/-, which is 6.5 times of the face value.

	Issue	Money Payable On
Opens On	Closes On	Application	Allotment
27-Sep-2024	01-Oct-2024	₹65.00 - 0.00	₹0.00 - 0.00

Minimum Application for shares in Nos : 2000	Further Multiples of : 2000

	(₹ Cr)	Lead Managers to the Issue
Project Cost	24.33	Corpwis Advisors Pvt Ltd
Project Financed through Current Offer	27.63
Post Issue Equity Share Capital	16.13
Issue Price	65.00

Projects
Capital Expenditure requirements towards expansion of existing resort properties
Funding of long term working capital requirementw
General corporate expenses

Promoted By
Rahul Maganlal Timbadia
Kartik Maganlal Timbadia
Karna Kartik Timbadia

Listing At
NSE - SME

Registrar To The Issue
Satellite Corporate Services