Saj Hotels IPO
Open SmeCurrent GMP
₹0 (0.00%)
Price Band
₹ 65 – 65
Lot Size
2000
Issue Size
₹27.63 Cr
Minimum Investment
₹260000 (4000 Shares)
Listing Date
07 October 2024
Subscription
5.44x
About the Company
Saj Hotels operates in the hospitality sector, offering a range of services that include B2B, B2B2C, and B2C solutions. These services extend to conventional resort accommodations, villa rentals, and restaurant and bar properties. A key aspect of the company's operations is offering complete services to guests, which encompass food and beverage, recreation, and event hosting.
Saj Hotels manages three resorts, located in Madhya Pradesh and Maharashtra, with approximately 130 rooms. Additionally, the company is constructing villas in Goa, named 'Saj Villas', offering a selection of 2BHK and 4BHK units. Furthermore, Saj Hotels has leased a restaurant and bar property to operate a restaurant under the name 'Mahe'.
The company's workforce comprises around 144 employees, distributed across various departments.
Promoters
The promoters of the company are
1. Rahul Maganlal Timbadia
2. Kartik Maganlal Timbadia
3. Karna Kartik Timbadia
Promoters Holding
Holding Pre Issue
84.12%
Holding Post Issue
61.94%
Objects of the Issue
The Company proposes to utilize the funds which are being raised towards funding the following objects and achieve the benefits of listing on the EMERGE Platform of National Stock Exchange (NSE EMERGE):
1. Capital Expenditure requirements towards expansion of existing resort properties
2. Funding of working capital requirements of the Company
3. General Corporate Expenses
Address / Contact Info
Saj Hotels Limited
Saj on the Mountains, Survey number 18,
Mahabaleshwar Panchgani Road,
Mahabaleshwar, Satara, Maharashtra –412806
Phone: 022-62875252 / 022-26203434
Email: secretarial@sajresort.in
Website: https://www.sajresort.com
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Friday, 27 September 2024
IPO Close Date
Tuesday, 01 October 2024
Basis of Allotment
Thursday, 03 October 2024
Initiation of Refunds
Friday, 04 October 2024
Credit of Shares to Demat
Friday, 04 October 2024
Listing Date
Monday, 07 October 2024 — NSE & BSE
Important Dates
Open Date
27 September 2024
Close Date
01 October 2024
Basis Of Allotment
03 October 2024
Listing Date
07 October 2024
Financial Performance (₹ in Crores)
| Particular | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 9808.46 | 9892.53 | 9626.45 |
| Revenue | 1455.49 | 1282.19 | 1287.9 |
| Profit After Tax | 344.68 | 355.76 | 144.25 |
| Net Worth | 1734.49 | 1316.84 | 891.08 |
| Reserve & Surplus | 7721.7 | 8325.19 | 7977.2 |
| Total Borrowings | 291.52 | 614.14 | 1053.54 |
EPS Pre
3.00%
EPS Post
2.32%
P/E Pre
21.70
P/E (Post Issue)
27.98x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of January 31, 2024. |
|---|---|
| ROE % | 19.91 |
| ROCE % | 26.36 |
| Debt / Equity | 0.17 |
| RoNW % | 19.91 |
| PbW | 5.86 |
| Pat Margin % | 24.23 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Market Maker | 214000 | 5.04 | 0 |
| Non-Institutional | 2018000 | 47.48 | 0 |
| Retail Investors | 2018000 | 47.48 | 0 |
| Total | 4250001 | 100 | 0 |
Subscription Status ( Tue, 01 Oct 24 12:55 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 0 | 308000 | 0x |
| Non-Institutional | 2018000 | 4194000 | 2.08x |
| Retail Investors | 2018000 | 17448000 | 8.65x |
| Total | 4036000 | 21950000 | 5.44x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | 130,000.00 |
| Retail (Max) | 1 | 2,000 | 130,000.00 |
| S-HNI (Min) | 2 | 4,000 | 260,000.00 |
Registrar
Satellite Corporate Services Private Limited
022-28520461/462
service@satellitecorporate.co
https://www.satellitecorporate.com/
Book Running Lead Managers
- Corpwis Advisors Private Limited IPO Lead Manager
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Saj Hotels IPO is a Fixed price IPO worth ₹27.63 crores. The price band is ₹65 to 65 per share. The IPO opens on Fri, Sep 27, 2024 and closes on Tue, Oct 1, 2024. It will be listed on BSE and NSE. Satellite Corporate Services Private Limited is the registrar.
The Saj Hotels IPO opens on Fri, Sep 27, 2024 and closes on Tue, Oct 1, 2024
Saj Hotels IPO Price Band is ₹65 to 65.
Saj Hotels IPO lot size is 2000, and the minimum amount required for application is ₹260000.
The minimum investment for Saj Hotels IPO is approximately ₹260000 based on the upper price band.
To apply for the Saj Hotels IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Tue, Oct 1, 2024. After submission, funds are blocked until the basis of allotment of Saj Hotels IPO is finalised.
Saj Hotels IPO issue size is ₹27.63 crores.
Saj Hotels IPO allotment date is Sat, Jun 27, 2026.
The registrar for Saj Hotels IPO is Satellite Corporate Services Private Limited. Investors can go to Satellite Corporate Services Private Limited website for IPO allotment status, refund processing, and other queries related to Saj Hotels IPO through their official website or helpline.
The Saj Hotels IPO GMP (Grey Market Premium) is ₹0 as of Mon, Oct 7, 2024. Based on the upper price band of ₹65 per share, the estimated Saj Hotels IPO listing price is ₹65, indicating a potential listing gain of approximately 31% over the issue price.