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Saj Hotels Limited IPO (Saj Hotels IPO) Detail

September 27, 2024 - October 1, 2024

Saj Hotels IPO is a fixed price issue of Rs 27.63 crores. The issue is entirely a fresh issue of 42.5 lakh shares.

Saj Hotels IPO bidding started from September 27, 2024 and ended on October 1, 2024. The allotment for Saj Hotels IPO was finalized on Thursday, October 3, 2024. The shares got listed on NSE SME on October 7, 2024.

Saj Hotels IPO price is ₹65 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹130,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹260,000.

Corpwis Advisors Private Limited is the book running lead manager of the Saj Hotels IPO, while Satellite Corporate Services Private Limited is the registrar for the issue. The market maker for Saj Hotels IPO is Nnm Securities.

Refer to Saj Hotels IPO RHP for detailed information.

Saj Hotels IPO Details

IPO Date September 27, 2024 to October 1, 2024
Listing Date October 7, 2024
Face Value ₹10 per share
Price ₹65 per share
Lot Size 2000 Shares
Total Issue Size4,250,000 shares
(aggregating up to ₹27.63 Cr)
Fresh Issue4,250,000 shares
(aggregating up to ₹27.63 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Share holding pre issue11,875,000
Share holding post issue16,125,000
Market Maker portion214,000 shares
Nnm Securities

Saj Hotels IPO Reservation

Saj Hotels IPO offers 42,50,001 shares. 20,18,000 (47.48%) to NII, 20,18,000 (47.48%) to RII.

Investor Category Shares 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 Timeline (Tentative Schedule)

Saj Hotels IPO opens on September 27, 2024, and closes on October 1, 2024.

IPO Open Date Friday, September 27, 2024
IPO Close Date Tuesday, October 1, 2024
Basis of Allotment Thursday, October 3, 2024
Initiation of Refunds Friday, October 4, 2024
Credit of Shares to Demat Friday, October 4, 2024
Listing Date Monday, October 7, 2024
Cut-off time for UPI mandate confirmation 5 PM on October 1, 2024

Saj Hotels IPO Lot Size

Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 2000 ₹130,000
Retail (Max) 1 2000 ₹130,000
HNI (Min) 2 4,000 ₹260,000
Lot Size Calculator

Saj Hotels IPO Promoter Holding

The promoters of the company are Rahul Maganlal Timbadia, Kartik Maganlal Timbadia and Karna Kartik Timbadia

Share Holding Pre Issue 84.12%
Share Holding Post Issue 61.94%

About Saj Hotels Limited

Incorporated in February 1981, Saj Hotels Limited operates in the hospitality industry, offering a diverse range of services, including traditional resort accommodations, villa rentals, and restaurant and bar properties. The company provides comprehensive services to ensure a memorable experience for our guests.

The company offers a range of accommodation options across various destinations, each tailored to provide comfort and convenience.

The company owns or leases three resort properties. Two are managed and operated by Saj, while one is leased to others.

The resorts are versatile event venues, capable of hosting conferences, weddings, and social events.

The company has invested 50% in My Own Rooms Dot In Private Limited, expanding its reach and diversifying its hospitality portfolio.

As of May 2024, the company has 144 employees in various departments.

Competitive Strengths

  • The resort offers breathtaking views of natural beauty, including majestic mountain ranges, lush valleys, and crystal-clear lakes. These vistas inspire wonder and a connection with the Earth's beauty.
  • The hotel offers various amenities such as restaurants, a spa, and wedding facilities. By providing these diverse options, hotels can protect against seasonal fluctuations and create memorable experiences for a broader range of guests.
  • Experienced Management Personnel
  • Engaging with local communities to cultivate a mutually beneficial relationship.

Saj Hotels Limited Financial Information (Restated Consolidated)

Saj Hotels Limited's revenue increased by 13.52% and profit after tax (PAT) dropped by -3.11% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 202231 Mar 2021
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
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of Saj Hotels IPO is Rs 104.81 Cr.

KPI as of January 31, 2024.

KPI Values
ROE19.91%
ROCE26.36%
Debt/Equity0.17
RoNW19.91%
P/BV5.86
PAT Margin (%)24.23
Pre IPO Post IPO
EPS (Rs) 32.32
P/E (x) 21.727.98
Note:
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2023 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of January 31, 2024 that is available in RHP.

Objects of the Issue (Saj Hotels IPO Objectives)

The Company proposes to utilize the funds which are being raised towards funding the following objects

  1. Capital Expenditure Requirements towards the Expansion of existing resort properties
  2. Funding of working capital requirements of the Company
  3. General Corporate Expenses

Saj Hotels IPO Review (Apply)

[Dilip Davda]  The company is engaged in the business of hospitality and operating on B2B2C model. It has marked slow but steady progress in its financial performances post the Pandemic. However, for FY24 it suffered a minor setback due to heavy rains and amortization provisions on expansion plans afoot. The ongoing fancy for hospitality counters augurs well for this issue. Though based on FY24 earnings, the issue appears aggressively priced, considering the expansion and the B2B business rising demand, Investors may park funds for the medium to long term. Read detail review...


Saj Hotels IPO Subscription Status (Bidding Detail)

The Saj Hotels IPO is subscribed 5.46 times on October 1, 2024 6:19:58 PM. The public issue subscribed 8.65 times in the retail category, times in the QIB category, and 2.12 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
Other2.12
Retail8.65
Total5.46

Total Application : 8,724 (8.65 times)

Saj Hotels IPO Prospectus

Saj Hotels IPO Rating

2
1.5
Rating:Rated 1.5 stars
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Saj Hotels IPO Listing Details

Listing Date October 7, 2024
BSE Script Code
NSE Symbol SAJHOTELS
ISIN INE00MT01022
Final Issue Price ₹65 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
NSE SME
₹65.00
₹55.00
₹52.25
₹57.75
₹52.45

Check IPO Performance…

Saj Hotels Limited Contact Details

Saj Hotels Limited
Saj on the Mountains, Survey number 18,
Mahabaleshwar Panchgani Road,
Mahabaleshwar, Satara,� 412806
Phone: 022-62875252
Email: secretarial@sajresort.in
Website: https://www.sajresort.com/

Saj Hotels IPO Registrar

Satellite Corporate Services Private Limited

Phone: +91-22- 28520461/462
Email: service@satellitecorporate.com
Website: https://www.satellitecorporate.com/ipo-query.php

Saj Hotels IPO - Buy or Not

Saj Hotels IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 1 0 1

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Saj Hotels IPO FAQs

Saj Hotels IPO is a SME IPO of 4,250,000 equity shares of the face value of ₹10 aggregating up to ₹27.63 Crores. The issue is priced at ₹65 per share. The minimum order quantity is 2000 Shares.

The IPO opens on September 27, 2024, and closes on October 1, 2024.

Satellite Corporate Services Private Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Zerodha customers can apply online in Saj Hotels IPO using UPI as a payment gateway. Zerodha customers can apply in Saj Hotels IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Saj Hotels IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Saj Hotels IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Saj Hotels IPO opens on September 27, 2024 and closes on October 1, 2024.

Saj Hotels IPO lot size is 2000 Shares, and the minimum amount required is ₹130,000.

You can apply in Saj Hotels IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Saj Hotels IPO will be done on Thursday, October 3, 2024, and the allotted shares will be credited to your demat account by Friday, October 4, 2024. Check the Saj Hotels IPO allotment status.

The Saj Hotels IPO listing date is on October 7, 2024.
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Saj Hotels IPO Message Board

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