Saj Hotels IPO will open for subscription from 27 September 2024. The company aims for an issue size of ₹27.63 Cr through this IPO.
Company Overview
| Full name | Saj Hotels Limited |
| Sector | Hospitality |
| Industry | Hotel, Resort & Restaurants |
| Company Website | https://www.sajresort.com/ |
About Company
Saj Hotels is engaged in the hospitality industry and provides a diverse portfolio of Business-to-Business (B2B), Business-to Business-to-Customer (B2B2C), and Business-to-Customer (B2C) offerings. These services span from traditional resort accommodation to villa rentals and restaurant and bar properties. The company focuses on providing comprehensive services to guests, including food and beverage options, recreational facilities, and event-hosting capabilities.
Saj Hotels has 3 resorts – 1 in Madhya Pradesh, and 2 in Maharashtra with a total of around 130 rooms. The hotel company is also developing villas named, ‘Saj Villas’ in Goa. These villas have a carefully curated range of 2BHK and 4BHK options for guests. Along with this it also took on lease a restaurant and bar property to operate a restaurant by the name ‘Mahe’. The company employs around 144 people on payroll under its various departments.
The Objectives of the Issue
- Capital Expenditure Requirements towards the Expansion of existing resort properties
- Funding of working capital requirements of the Company
- General Corporate Expenses
Saj Hotels IPO Timetable
| IPO Opening date | 27 September 2024 |
| IPO Closing | 01 October 2024 |
| Basis of Allotment | 03 October 2024 |
| Initiation Refund | 04 October 2024 |
| Credit to Demat Account | 04 October 2024 |
| Listing Date | 07 October 2024 |
Saj Hotels IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹27.63 Cr – 4,250,000 shares |
| Fresh Issue | ₹27.63 Cr – 4,250,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer Price | ₹65 per share |
| Lot size | 2000 Shares |
| Market Maker portion | 214,000 shares |
| Shareholding pre-issue | 11,875,000 |
| Shareholding post-issue | 16,125,000 |
| Listing Exchange | NSE SME |
Saj Hotels IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹130,000 |
| Retail (Max) | 1 | 2000 | ₹130,000 |
| HNI (Min) | 2 | 4,000 | ₹260,000 |
Saj Hotels IPO Documents
Saj Hotels IPO Reservation Details
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | – |
| Market Maker Shares Offered | 2,14,000 (5.04%) |
| Other Shares Offered | 20,18,000 (47.48%) |
| Retail Shares Offered | 20,18,000 (47.48%) |
| Total Shares Offered | 42,50,001 (100%) |
Saj Hotels Financial Performance
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 8.06 | 12.83 | 12.71 | 14.26 |
| Expenses | 9.26 | 10.77 | 12.03 | 9.99 |
| Net income | (1.20) | 1.32 | 3.48 | 3.45 |
Saj Hotels Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | |
| EPS | (1.01) | 1.21 | 3.00 | 2.90 |
| PE ratio | – | – | – | 22.41 |
| RONW (%) | (15.93) | 14.82 | 26.43 | 19.91 |
| NAV | 6.35 | 7.50 | 11.09 | 14.61 |
| ROCE (%) | 4.16 | 28.64 | 34.64 | 26..36 |
| EBITDA (%) | 22.22 | 32.13 | 25.36 | 45.77 |
| Debt/Equity | 1.24 | 1.18 | 0.47 | 0.17 |
Company Promoters
- Rahul Maganlal Timbadia
- Kartik Maganlal Timbadia
- Karna Kartik Timbadia
Promoter Holding
| Pre Issue Share Holding | 84.12% |
| Post Issue Share Holding | 61.94% |
Saj Hotels Offer GMP Update
Coming Soon
Saj Hotels IPO Subscription Update
| Category | Non-retail | Retail | Total |
|---|---|---|---|
| Shares Offered | 20,18,000 | 20,18,000 | 40,36,000 |
| 1 Oct 2024 | 2.23 | 8.65 | 5.44 |
| 30 Sep 2024 | 0.35 | 2.37 | 1.36 |
| 27 Sep 2024 | 0.24 | 1.05 | 0.65 |
Saj Hotels IPO Allotment Status
Saj Hotels IPO allotment status will be available on Satellite Corporate Services’ website. Click on this link to get allotment status.
Saj Hotels IPO Listing Details
| Listing Date | 07 October 2024 |
| BSE Scrip Code | Coming Soon |
| NSE Symbol | |
| ISIN | |
| Final Issue Price |
Listing Day Update
| Listing Exchange | NSE SME |
| Final Issue Price | Coming Soon |
| Open | |
| Low | |
| High | |
| Last Trade |
Saj Hotels IPO Lead Manager(s)
CORPWIS ADVISORS PRIVATE LIMITED
510, 5th Floor, Dilkap Chambers, Plot – A/7 Veera Desai
Road, Andheri (West), Mumbai – 400053
Phone: +91 – 22 – 4972 9990
Email: ipo@corpwis.com
Website: www.corpwis.com
Saj Hotels 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 Id: service@satellitecorporate.com
Website: www.satellitecorporate.com
Company Contact Details
SAJ HOTELS LIMITED
Saj Hotels Limited, Office no. 102, 1st Floor,
Navkar Plaza Premises Coop Society Ltd, Bajaj Road,
Vile Parle (W), Mumbai 400056
Phone: +022-62875252
E-mail: secretarial@sajresort.in
Website: www.sajresort.com
IPO FAQs
What is Saj Hotels offer size?
Saj Hotels’ offer size is ₹ 27.63 crores.
What is Saj Hotels offer price band?
Saj Hotels’ public offer price is ₹ 65 per share.
What is the lot size of Saj Hotels IPO?
Saj Hotels offer lot size is 2,000 shares.
What is Saj Hotels Offer GMP today?
Saj Hotels IPO GMP today is ₹ NA per share.
What is Saj Hotels kostak rate today?
Saj Hotels kostak rate today is ₹ NA per application.
What is Saj Hotels IPO Subject to Sauda rate today?
Saj Hotels’s Subject to Sauda rate today is ₹ NA per application.
Final thoughts
Saj Hotels IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
