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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.
| 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 Size | 4,250,000 shares (aggregating up to ₹27.63 Cr) |
| Fresh Issue | 4,250,000 shares (aggregating up to ₹27.63 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 11,875,000 |
| Share holding post issue | 16,125,000 |
| Market Maker portion | 214,000 shares Nnm Securities |
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 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 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 |
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 | |||
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% |
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
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 Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 9,808.46 | 9,892.53 | 9,626.45 | 3,286.02 |
| Revenue | 1,455.49 | 1,282.19 | 1,287.90 | 812.14 |
| Profit After Tax | 344.68 | 355.76 | 144.25 | -120.18 |
| Net Worth | 1,734.49 | 1,316.84 | 891.08 | 754.46 |
| Reserves and Surplus | 7,721.70 | 8,325.19 | 7,977.20 | 1,748.59 |
| Total Borrowing | 291.52 | 614.14 | 1,053.54 | 938.51 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Saj Hotels IPO is Rs 104.81 Cr.
KPI as of January 31, 2024.
| KPI | Values |
|---|---|
| ROE | 19.91% |
| ROCE | 26.36% |
| Debt/Equity | 0.17 |
| RoNW | 19.91% |
| P/BV | 5.86 |
| PAT Margin (%) | 24.23 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 3 | 2.32 |
| P/E (x) | 21.7 | 27.98 |
The Company proposes to utilize the funds which are being raised towards funding the following objects
[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...
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)
| Category | Subscription (times) |
|---|---|
| Other | 2.12 |
| Retail | 8.65 |
| Total | 5.46 |
Total Application : 8,724 (8.65 times)
| Listing Date | October 7, 2024 |
| BSE Script Code | |
| NSE Symbol | SAJHOTELS |
| ISIN | INE00MT01022 |
| Final Issue Price | ₹65 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹65.00 |
| ₹55.00 |
| ₹52.25 |
| ₹57.75 |
| ₹52.45 |
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/
Satellite Corporate Services Private Limited
Phone: +91-22- 28520461/462
Email: service@satellitecorporate.com
Website: https://www.satellitecorporate.com/ipo-query.php
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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
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.
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