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Saj Hotels Ltd

Registered Office : Saj on the Mountains Survey.18,Mahabaleshwar Panchgani Road,Satara Maharashtra 412806 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-2024

01-Oct-2024

Money Payable On

Application

Allotment

65.00

0.00

Minimum Application for shares in Nos : 2000.0 Further Multiples of : 2000.0

₹Cr

Lead Managers to the Issue

Project Cost (₹.Cr)

Project Financed through Current Offer (₹.Cr)

Post Issue Equity Share Capital (₹.Cr)

Issue Price (₹.Cr)

24.33

27.63

16.13

65.00

Corpwis Advisors Pvt Ltd

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