anubhai angaldas Securities Pvt. Ltd. Member: BSE - NSE - CDSL

Technology . Transparency . Trust

MARKET

IPO Synopsis
Saj Hotels Ltd
Registered Office: Saj on the Mountains Survey.18, Mahabaleshwar Panchgani Road, Satara - 412806, Maharashtra
Phone: 1
Email: 1
Website: 1
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
Cr. Lead Managers to the Issue
Project Cost 24.33
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
NSE - SME
Registrar to the Issue
Attention Investor
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