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IPO Synopsis

Saj Hotels Ltd
  • Registered Office: Saj on the Mountains Survey.18,Mahabaleshwar Panchgani Road, Satara - 412806, Maharashtra, India.
  • Phone : 022 6287 5252/ 022 2620 3434   Fax:
  • 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
Opens On Closes On
27-Sep-24 01-Oct-24
Money Payable On
Application Allotment
65.00 0.00
Minimum Application for shares in Nos : 2000 Further Multiples of : 2000
(.Cr) Lead Managers to the Issue
Project Cost (.Cr) 24.33 Corpwis Advisors Pvt Ltd
Project Financed through Current Offer (.Cr) 27.63  
Post Issue Equity Share Capital (.Cr) 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
No Data Available
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