Saj Hotels Limited Announces IPO, Targets ₹ 2,762.50 Lakhs

Saj Hotels Limited, a prominent player in the hospitality industry, is set to launch an Initial Public Offering (IPO) on September 27, 2024. The company aims to raise up to ₹ 2,762.50 Lakhs by offering 42,50,000 equity shares on the NSE Emerge platform. The funds will support property expansion, working capital, and general expenses.

Saj Hotels Limited, a significant name in the hospitality industry, has announced the launch of its Initial Public Offering (IPO) on September 27, 2024. The company is targeting to raise ₹ 2,762.50 Lakhs through the issuance of 42,50,000 equity shares on the NSE Emerge platform.

This strategic financial move aims to provide a substantial boost to Saj Hotels' expansion plans, working capital requirements, and general corporate expenditures. The company's diverse hospitality offerings span traditional resort accommodations, villa rentals, and restaurant and bar properties, ensuring a comprehensive and memorable guest experience.

With a blend of direct ownership and strategic partnerships, Saj Hotels efficiently manages and operates its properties. The IPO, managed by Corpwis Advisors Private Limited, will open on September 27 and close on October 1, 2024, with shares likely to be listed by October 7, 2024.

(With inputs from agencies.)