Saji Hotels Limited’s initial public offering has received at least three subscriptions so far on Tuesday, the last day of bidding. IPO subscriptions were 1.34x on Monday and 0.67x on Friday.
The Saj Hotels IPO is a fixed-price public offering consisting of only a fresh issue of 42.5 million shares worth Rs 2,763 crore. Investors can apply for shares in this NSE SME IPO till Tuesday evening.
The price range of the offering has been set at Rs 65 per piece. Retail investors can bid for the public offering with a minimum lot size of 2,000 shares, resulting in a total investment of Rs 1,30,000.
The company appointed Satellite Corporate Services Pvt. As registrar of its publication.
Coopwis Advisors Private NNM Securities Pvt. is acting as lead manager for the book. acts as a market maker for IPOs of small and medium-sized companies.
The allotment of shares in the Saj Hotels IPO will be completed on October 3. The shares will then be credited to the successful bidders’ Demat accounts and refunds to those who were not allotted will begin on October 4.
Saj Hotels’ shares are tentatively scheduled to be listed on NSE SME platform Emerge on October 7.
