Saj Hotels IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Fri, 27 Sep 2024
Close Date
Tue, 01 Oct 2024
Issue Price
₹ 65
Lot Size
2000
Issue Size
₹ 27.63 Cr
Minimum Investment
₹ 260,000 (4000 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Saj Hotels IPO has successfully completed its IPO process and is now listed on NSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a fixed price issue with a total issue size of ₹27.63 Crore, comprising a fresh issue of 42.50 Lakh equity shares aggregating to ₹27.63 Crore.
The Saj Hotels IPO remained open for subscription from September 27, 2024, to October 01, 2024. The basis of allotment was finalized on October 03, 2024, and the company's shares were listed on NSE SME Platform on October 07, 2024.
The company had fixed the price at ₹65 per share, with a lot size of 2000 shares. Retail investors were required to make a minimum investment of ₹260,000 (based on the upper price band) to apply for one lot.
Satellite Corporate Services Private Limited served as the registrar to the issue. Corpwis Advisors Private Limited IPO Lead Manager acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Saj Hotels Limited is now a publicly listed company on NSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Saj Hotels IPO Timeline (Tentative)
- IPO Open Date
- Fri, 27 Sep 24
- IPO Close Date
- Tue, 01 Oct 24
- Basis of Allotment
- Thu, 03 Oct 24
- Initiation of Refunds
- Fri, 04 Oct 24
- Credit of Shares to Demat
- Fri, 04 Oct 24
- Listing Date
- Mon, 07 Oct 24 — NSE & BSE
Open Date
27 September 2024
Close Date
01 October 2024
Basis Of Allotment
03 October 2024
Listing Date
07 October 2024
IPO Subscription
Check Live Subscription →The Saj Hotels IPO has received bids for 2,19,50,000 shares against 40,36,000 shares offered, resulting in an overall subscription of 5.44x. the NII category is subscribed 2.08x, Retail Investors 8.65x, and QIBs 0x.
QIB
0x
NII
2.08x
RII
8.65x
Total
5.44x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 20,18,000 shares, representing 47.48% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 0 shares (%), while Non-Institutional Investors (NIIs) receive 20,18,000 shares (47.48%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Market Maker | 214,000 | 5.04% |
| Non-Institutional | 2,018,000 | 47.48% |
| Retail Investors | 2,018,000 | 47.48% |
| Total | 4,250,001 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Saj Hotels Limited KPI Information
| 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 |
Peers Comparison
No Peer Comparision Available
About Saj Hotels Limited
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.
Saj Hotels IPO 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%
Saj Hotels IPO Objective
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
Saj Hotels Limited Address / Contact Details
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
Saj Hotels IPO Lot Size
The Saj Hotels IPO has a lot size of 2,000 shares. Retail investors require a minimum investment of ₹1,30,000 by applying for 1 lot (2,000 shares). The maximum application allowed for the retail category is 1 lots (2,000 shares), requiring an investment of ₹1,30,000.
| 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 |
Issue Reservation
- Market Maker — 5.04%
- NII — 47.48%
- RII — 47.48%
Book Running Lead Managers
- Corpwis Advisors Private Limited IPO Lead Manager
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Saj Hotels IPO?
Saj Hotels IPO is a Fixed price IPO with a total issue size of ₹27.63 crore. The Saj Hotels IPO price band is ₹65 to 65 per share. The Saj Hotels IPO subscription opens on Fri, Sep 27, 2024, and closes on Tue, Oct 1, 2024. The Saj Hotels IPO will be listed on the NSE. Satellite Corporate Services Private Limited is the registrar for the Saj Hotels IPO.
When will the Saj Hotels IPO open for subscription?
The Saj Hotels IPO opens on Fri, Sep 27, 2024 and closes on Tue, Oct 1, 2024
What is Saj Hotels IPO Price Band?
Saj Hotels IPO Price Band is ₹65 to 65 per share.
What is Saj Hotels IPO Lot Size?
Saj Hotels IPO lot size is 2000 shares, Retail investors need a minimum investment of ₹260000 based on the upper price band
What is the minimum investment for Saj Hotels IPO?
The minimum investment for Saj Hotels IPO is ₹260000, based on one lot of 2000 shares at the upper price band of ₹65 per share.
How to apply for Saj Hotels IPO?
Investors can apply for the Saj Hotels IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Tue, Oct 1, 2024. The application amount remains blocked until the Saj Hotels IPO allotment is finalized.
What is Saj Hotels IPO Issue Size?
Saj Hotels IPO issue size is ₹27.63 crores.
What is the Saj Hotels IPO Allotment Date?
Saj Hotels IPO allotment date is Thu, Oct 3, 2024.
Who is the Saj Hotels IPO Registrar?
The registrar for Saj Hotels IPO is Satellite Corporate Services Private Limited. Investors can go to Satellite Corporate Services Private Limited website to check Saj Hotels IPO allotment status, refund processing, and other IPO-related information.
What is the Saj Hotels IPO GMP?
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 0.00% over the issue price.
Who is the Saj Hotels IPO Lead Manager?
The book-running lead managers (BRLMs) for the Saj Hotels IPO are Corpwis Advisors Private Limited IPO Lead Manager. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Saj Hotels IPO Red Herring Prospectus (RHP).