Saj Hotels IPO: Date, Review & Allotment Details

Saj Hotels IPO

The Saj Hotels IPO is scheduled to open on September 27, 2024, and will close on October 1, 2024. This book-built issue aims to raise approximately ₹27.63 crores, comprising a fresh issue of ₹27.63 crores along with an offer for sale of up to [.] equity shares, each with a face value of ₹10.

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The price band for the Saj Hotels IPO is set at ₹65 per share. The allocation is structured as follows: 35% for retail investors, 50% for Qualified Institutional Buyers (QIBs), and 15% for High Net-worth Individuals (HNIs). The IPO is expected to be listed on the NSE on October 7, 2024, with the allotment date scheduled for October 3, 2024.

Regarding financial performance, the company reported revenue of ₹12.71 crores in 2023, a slight decrease from ₹12.83 crores in 2022. However, profits saw a significant increase, rising to ₹3.48 crores in 2023 from ₹1.32 crores in 2022. Given these financials, long-term investors may find the Saj Hotels IPO to be a promising opportunity.

Saj Hotels IPO Objectives

The company plans to use the funds raised through the IPO for the following purposes:

Capital expenditure for expanding existing resort properties

Financing working capital needs of the company

Covering general corporate expenses

Saj Hotels IPO Review (Should You Apply?)

Update coming soon

Saj Hotels IPO Date & Price Band Details:

IPO Open Date:September 27, 2024
IPO Close Date:October 1, 2024
Face Value:₹10 Per Equity Share
IPO Price Band:₹65 Per Share
Issue Size:Approx ₹27.63 Crores
Fresh Issue:Approx ₹27.63 Crores
Issue Type:Book Built Issue
IPO Listing:NSE SME
Retail Quota:Not more than 50%
QIB Quota:Not more than 00%
NII Quota:Not more than 50%

Saj Hotels IPO Lot Size

To apply for the Saj Hotels IPO, you need to buy a minimum of 2,000 shares. This will cost you ₹130,000.

ApplicationLot SizeSharesAmount
Retail Minimum12,000₹ 1,30,000
Retail Maximum12,000₹ 1,30,000
HNI Minimum24,000₹ 2,60,000

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Saj Hotels IPO Timeline

The Saj Hotels IPO will open for subscription on September 27 and will close on October 1. Allotments are expected to be finalized on October 4, with the listing projected for October 7.

IPO Open Date:September 27, 2024
IPO Close Date:October 1, 2024
Basis of Allotment:October 3, 2024
Refunds:October 4, 2024
Credit to Demat Account:October 4, 2024
IPO Listing Date:October 7, 2024

Promoters of Saj Hotels IPO

The promoters of Saj Hotels include Mr. Rahul Maganlal Timbadia, Mr. Kartik Maganlal Timbadia, and Mr. Karna Kartik Timbadia.

About Saj Hotels IPO

Saj Hotel Limited is located in Saj on the Mountains at Survey Number 18, Mahabaleshwar Panchgani Road, Mahabaleshwar, Satara, Maharashtra – 412806. The company operates within the hospitality sector, providing a wide range of services, including Business-to-Business (B2B), Business-to-Business-to-Customer (B2B2C), and Business-to-Customer (B2C) offerings. Their portfolio features traditional resort accommodations, villa rentals, and restaurant and bar facilities.

Saj Hotels is committed to delivering an exceptional guest experience, with various food and beverage options, recreational amenities, and event hosting services. They aim to create memorable experiences for their visitors through customized accommodations that prioritize comfort and convenience.

The resorts operated by Saj Hotels serve as flexible venues for events, capable of hosting conferences, weddings, and social gatherings. The company ensures that every guest enjoys a seamless and unforgettable stay. Additionally, they are developing “Saj Villas” in Goa, which will feature carefully designed 2 BHK and 4 BHK options for family vacations, group gatherings, or romantic getaways. Saj Hotels has also invested 50% in My Own Rooms Dot In Private Limited, which manages the resort “Morjim Retreat” in the popular destination of Goa.

Saj Hotels IPO Company Financial Report

Saj Hotels Limited experienced a revenue growth of 13.52%, while its profit after tax (PAT) saw a decrease of 3.11% between the financial years ending March 31, 2024, and March 31, 2023.

Amount in Lakhs

Period Ended31-Mar-2431-Mar-2331-Mar-2231-Mar-21
Assets9,808.469,892.539,626.453,286.02
Revenue1,455.491,282.191,287.90812.14
Profit After Tax344.68355.76144.25-120.18
Net Worth1,734.491,316.84891.08754.46
Reserves and Surplus7,721.708,325.197,977.201,748.59
Total Borrowing291.52614.141,053.54938.51

Saj Hotels IPO Key Performance Indicator

Check Saj Hotels IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

KPIValues
ROE:27.02%
ROCE:34.64%
EBITDA Margin:25.36%
PAT Margin:27.98%
Debt to equity ratio:0.47
Earning Per Share (EPS):₹3.00 (Basic)
Price/Earning P/E Ratio:N/A
Return on Net Worth (RoNW):27.02%
Net Asset Value (NAV):₹ 11.09

Saj Hotels IPO Reservation

Saj Hotels IPO includes a total of 4,250,001 shares available for reservation. Out of these, 2,018,000 shares (47.48%) are allocated to Non-Institutional Investors (NII) and 2,018,000 shares (47.48%) are reserved for Retail Individual Investors (RII).

Investor CategoryShares Offered
Anchor Investor Shares Offered
Market Maker Shares Offered2,14,000 (5.04%)
Other Shares Offered20,18,000 (47.48%)
Retail Shares Offered20,18,000 (47.48%)
Total Shares Offered42,50,001 (100%)

Saj Hotels IPO Registrar

  • Satellite Corporate Services Private Limited
  • A 106 & 107, Dattani Plaza, East West Compound,
  • Andheri Kurla Road, Safed Pool Sakinaka,
  • Mumbai – 400072
  • Tel: +91 22 28520461
  • Email: service@satellitecorporate.com
  • Website: www.satellitecorporate.com

IPO Lead Managers (Merchant Bankers)

Corpwis Advisors Private Limited

Company Address

  • Saj Hotels Limited
  • Office No. 102, 1st Floor,
  • Navkar Plaza Premises Coop Society Ltd, Bajaj Road,
  • Vile Parle (W), Mumbai 400056
  • Phone: +022-62875252
  • Email: secretarial@sajresort.in
  • Website: www.sajresort.com

Saj Hotels IPO FAQs

What is Saj Hotels?

Saj Hotels is a small and medium-sized enterprise (SME) initial public offering (IPO). The company aims to raise ₹27.63 crores through this IPO, priced at ₹65 per equity share, and it will be listed on the NSE.

When will Saj Hotels IPO open for subscription?

The IPO will open for subscription on September 27, 2024, for Non-Institutional Investors (NII) and Retail Investors, and will close on October 1, 2024.

What is the investor portion in Saj Hotels IPO?

The allocation for the investors is as follows: 0% for Qualified Institutional Buyers (QIB), 50% for Non-Institutional Investors (NII), and 50% for Retail Investors.

How can I apply for the Saj Hotels IPO?

You can apply for the Saj Hotels IPO through the ASBA facility online using your bank account. Additionally, you can apply via UPI through your stock broker or by filling out an offline form with your broker.

What is the issue size of Saj Hotels IPO?

The issue size of the Saj Hotels IPO is ₹27.63 crores.

What is the price band for Saj Hotels IPO?

The price band for the Saj Hotels IPO is set at ₹65 per share.

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