ListedSMESAJHOTELS

Saj Hotels Limited

Saj Hotels Limited is an SME IPO raising ₹28 Cr at a fixed price of ₹65 a share. It listed on 7 Oct 2024 at ₹55, −15.4% against its issue price of ₹65, and trades at ₹37 today (−43.1% since issue). It was subscribed 0.00× in total.

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₹65

Issue price

₹37

Price now

−43.1%

Since issue price

7 Oct 2024

Listed on

0.00×Subscribed (final) · all exchanges

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Terms of the issue

The mechanics of what is being sold. Held for every issue we track.

Issue price (fixed)₹65

Cut-off price₹65

Issue size₹28 Cr

Shares per lot2000

Minimum application₹1,30,000

Minimum quantity2000

Face value₹10

Listing exchanges—

ISININE00MT01022

Bidding hours10:00 – 17:00 IST

Bidding window27 Sept 2024 – 1 Oct 2024

SME

What being an SME issue means here. SME issues list on NSE Emerge or BSE SME. They disclose less than mainboard issues, trade far more thinly, and — by regulation — the minimum application is a full lot worth roughly ₹1–1.5 lakh rather than about ₹15,000. That is why the minimum above is so much larger than for a mainboard issue.

Not here yet

Valuation against the issuer's named peers, what the fresh money funds, and the anchor-investor allocation come from reading the prospectus, which we do for current and upcoming issues — historical issues will not gain them.