Saj Hotels shares list at 15% discount to SME IPO price at ₹55

Saj Hotels shares were listed on NSE SME platform at ₹55 on Monday. This marks discount of 15% over its issue price of ₹65. This is significantly lower than the ₹0 grey market premium with which unlisted shares were trading ahead of their debut. The ₹27.63 crore SME IPO was subscribed around 5 times between September 27 and October 1.