Saj Hotels IPO subscription status began on Thursday, September 27, 2024, and will conclude on October 1, 2024. Notably, the company aims to raise approximately ₹27.63 crores through this IPO. Additionally, the allocation includes 50% for retail investors, while the QIB quota stands at 0%, and the NII quota is set at 50%. Furthermore, the price band is fixed at ₹65 per equity share.
The IPO consists of a minimum market lot of 2000 Shares requiring an application amount of ₹130,000. Saj Hotels is an SME IPO that will be listed on the NSE.
Also read: Saj Hotels IPO: Dates, Pricing and Allotment 2024
Table of contents
About Company
Saj Hotel Limited, located at Saj on the Mountains, Survey No. 18, Mahabaleshwar Panchgani Road, Mahabaleshwar, Satara, Maharashtra – 412806, operates in the hospitality industry. Moreover, the company offers a wide range of services through its B2B, B2B2C, and B2C hospitality models, providing everything from traditional resort stays to villa rentals, as well as restaurant and bar services.
Additionally, the hotel is dedicated to delivering a well-rounded guest experience by offering diverse dining options, engaging recreational activities, and versatile event spaces, all aimed at creating memorable stays. Furthermore, it ensures comfort and convenience with its accommodation offerings across multiple locations, each carefully designed to meet guest needs.
The hotel also hosts various events at its resorts, including conferences, weddings, and social gatherings, and strives to create unforgettable experiences for all guests. Additionally, Saj Hotel is expanding its portfolio with ‘Saj Villas’ in Goa, offering 2 BHK and 4 BHK options ideal for family vacations, group getaways, or romantic retreats. The company further strengthens its presence in Goa through its 50% stake in My Own Rooms Dot In Private Limited, which operates the ‘Morjim Retreat’ resort in this vibrant destination.
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We recommend that investors consider applying for the IPO with a long-term perspective. Moreover, it is essential for investors to review the QIB, NII, and retail numbers before making an investment.
Saj Hotels IPO Subscription Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| NII | 0.24 | 0.25 | 2.12 |
| RII | 1.11 | 2.43 | 8.65 |
| Total | 0.67 | 1.34 | 5.46 |
Saj Hotels IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
IPOGMP.IN Review for Saj Hotels
- May Apply
Saj Hotels IPO Form
To apply for the Saj Hotels IPO, use ASBA via your bank’s online portal or download and submit IPO forms through your bank or broker.
FAQs
The subscription opens on September 27, 2024, for QIB, NII, and Retail Investors.
Additionally, You can opt for ASBA or non-ASBA options. Simply apply online through your bank’s ASBA service or download and submit the physical form to your broker or bank.
Furthermore, To check live subscription numbers, visit our portal for hourly updates or the official IPO page for the latest information.
Simply, Log into the Zerodha Console, go to Portfolio, select IPO, and find “Saj Hotels.” Enter your UPI ID, quantity, and price, then submit the application and approve the mandate through your UPI app.
Firstly, Log into the Upstox app, select the IPO, confirm your application for “Saj Hotels,” and approve the mandate via your UPI app.
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