Saj Hotels IPO Allotment Status

Summary

Saj Hotels IPO has received a moderate response from investors, closing with a subscription of 5.46 times by 1st October 2024 at 5:11:58 PM (Day 3). The public issue witnessed varying demand across investor categories. The Retail Investors segment led the charge with a subscription of 8.65 times.

The Non-Institutional Investors (NII) category subscribed 2.12 times. The Market Maker portion was fully subscribed. This response suggests a cautious but positive market sentiment towards Saj Hotels' offering.

How to Check Saj Hotels IPO Allotment Status:

How do you Check Saj Hotels IPO Allotment Status on the Registrar's Site?

Step 1: Visit the web portal of Satellite Corporate Services Private Limited (https://www.satellitecorporate.com/ipo-query.php)

Step 2: From the selection menu, choose Saj Hotels IPO.

Step 3: Pick a mode from the following three: PAN ID, Demat Account number, or Application number

Step 4: Choose "Application Type," then "ASBA" or "non-ASBA."

Step 5: Enter the information relevant to the mode you have chosen.

Step 6: For security reasons, please fill out the captcha accurately.

Step 7: Click "Submit."

How to Check Saj Hotels IPO Allotment Status on BSE?

On the website of the Bombay Stock Exchange (BSE), investors who placed a bid for the Saj Hotels IPO can monitor the allotment status:

Step 1: Click on this link: https://www.bseindia.com/investors/appli_check.aspx

Step 2: Click on "Issue Type" and choose "Equity."

Step 3: Choose "Saj Hotels Limited" from the dropdown menu under "Issue Name."

Step 4: Enter your application number.

Step 5: Give the PAN ID.

Step 6: Select 'I am not a robot' and press the search button.

How to Check IPO Allotment Status in a Bank Account?

Log into your Internet Banking: Go to your bank's website or mobile app and log in.

Explore IPO Section: Locate the "IPO Services" or "Application Status" sections by going to the IPO Section. You can find this under the investing or services tab.

Offer Required Information: You might be asked to provide information like your PAN, application number, or other identifiers.

Verify Allotment Status: Once you submit your information, an IPO allotment status indicating the available allocation shares should appear.

Verify Status: To ensure accuracy, you can verify the status with the IPO Registrar or use other resources.

How to Check IPO Allotment Status in a Demat Account? 

Open Your Demat Account and Log in: To access your Demat account, use the mobile app or website of your Depository Participant (DP).

Find IPO Section: Look for the section titled "IPO" or "Portfolio." Search for any services or entries connected to the IPO.

Verify IPO Allotment Status: Look through the IPO section to see if the shares you were given are visible in your Demat account. This section often displays the status of your IPO application.

Verify with Registrar: If the IPO shares are inaccessible, visit the Registrar's website and enter your application data to verify allocation.

Contact DP service if Needed: If there are any discrepancies or problems, contact your DP's customer service.

Saj Hotels IPO Timeline:

Saj Hotels IPO Subscription Status

Saj Hotels IPO received 5.46 subscriptions. By 1st October 2024 at 5:11:58 PM (Day 3), the public issue had been subscribed 8.65 times in the retail category and 2.12 times in the NII category. 

Subscription Day 3 (as of 5:11:58 PM)
Total Subscription: 5.46 times
NII: 2.12 times
Retail investors: 8.65 times

Subscription Day 2
Total Subscription: 1.34 times
NII: 0.25 times
Retail investors: 2.43 times

Subscription Day 1
Total Subscription: 0.67 times
NII: 0.24 times
Retail investors: 1.11 times

Saj Hotels IPO Details 

Saj Hotels' initial public offering (IPO) is a fixed price issue amounting to ₹27.63 crores. This offering consists of a fresh issue of 42.5 lakh shares.

The bidding process for the Saj Hotels IPO commenced on 27th September 2024 and concluded on 1st October 2024. The allotment results for this IPO are anticipated to be finalised on 3rd October 2024. Furthermore, the shares of Saj Hotels are set to be listed on the NSE SME, with a provisional listing date scheduled for 7th October 2024.

The Saj Hotels IPO price has been established at ₹65 per share. Investors must apply for a minimum lot size of 2000 shares, which requires a minimum investment of ₹130,000 for retail investors. For non-institutional investors (NII), the minimum investment consists of 2 lots (4,000 shares), totalling ₹260,000.

Corpwis Advisors Private Limited serves as the book running lead manager for the Saj Hotels IPO. Satellite Corporate Services Private Limited is designated as the registrar for this offering.