Saj Hotels IPO: Subscribed over 3 times, GMP and other details of NSE SME IPO

Saj Hotels IPO: Bidding for the initial public offer of Sahaj Hotels Limited opened on 27th September 2024 and closed on 1st October 2024. The hospitality company has fixed the Saj Hotels IPO price band at ₹65 per equity share. The hospitality company aimed to raise ₹27.63 crore from this fixed, entirely fresh issue. The public issue is proposed for listing on the NSE SME Emerge platform. 

Saj Hotels IPO subscription status

Saj Hotels' IPO was subscribed 3.21 times overall by October 1, 2024, at 1:59:58 PM. The retail category led the demand with a subscription rate of 5.40 times, while the Non-Institutional Investors (NII) category was subscribed 0.87 times. Meanwhile, retail investors showed strong interest by bidding for 1,09,06,000 shares against the 20,18,000 shares offered, amounting to ₹70.89 crore. In contrast, the NII category bid for 17,60,000 shares out of the 20,18,000 shares available, totalling ₹11.44 crore. 

Important Saj Hotels IPO details

1] Saj Hotels IPO GMP: According to market observers, the company's shares are not available for trade in the grey market today.

2] Saj Hotels IPO price: The hospitality company has fixed the Saj Hotels IPO price band at ₹65 per equity share.

3] Saj Hotels IPO date: The fixed issue has opened today and will remain open until 1st October 2024.

4] Saj Hotels IPO size: The hospitality company aims to raise ₹27.63 crore from this NSE SME IPO.

5] Saj Hotels IPO lot size: A bidder can apply in lots, and one lot of the SME IPO comprises 2,000 company shares.

6] Saj Hotels IPO allotment date: The likely date for share allocation is Thursday, October 3rd, 2024.

7] Saj Hotels IPO registrar: Satellite Corporate Services Private Limited has been appointed official registrar of the SME IPO.

8] Saj Hotels IPO lead manager: Corpwis Advisors Private Limited has been appointed lead manager of the fixed-issue.

9] Saj Hotels IPO listing: The public issue is proposed for listing on the NSE SME Emerge platform.

10] Saj Hotels IPO listing date: The likely date for share listing is 8th October 2024.

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