| Initial public issue of upto 42,50,000 equity shares of face value of
Rs. 10/- each ("Equity Shares") of Saj Hotels Limited (the "Company" or the "Issuer") for cash at a price of Rs. 65/- per equity share (including a premium of Rs. 55/- per equity share) (the "Issue Price"), aggregating upto Rs. 27.63 crores (the "Issue"), of which 2,14,000 equity shares aggregating to Rs. 1.39 crores will be reserved for subscription by market maker (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. issue of 40,36,000 equity shares of face value of
Rs. 10/- each at an issue price of Rs. 65/- per equity share aggregating to Rs. 26.23 crores is herein after referred to as the "Net Issue". The issue and the net issue will constitute 26.36% and 25.03% respectively of the post-issue paid up equity share capital of the company.
The face value of the equity shares is Rs. 10/- each and the issue price of Rs. 65/-, which is 6.5 times of the face value.
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