Saj Hotels Limited IPO

NSE SME

Listed On: Oct 7, 2024 at ₹ 55.0

₹ 130000 /2000 Shares

Exp. Premium is derived from market rumors and internet sources. It does not reflect the actual IPO listing price or value. Please review the RHP and consult a financial advisor before investing.

Saj Hotels IPO Details

27 Sep, 2024

Open Date

01 Oct, 2024

Close Date

03 Oct, 2024

Allotment Date

07 Oct, 2024

Listing Date

Issue Price

₹65 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

NSE SME

Registrar

Satellite Corporate Services Private Limited

List Price

55.0

Listing Date

2024-10-07

Market Lot

2000 Shares (₹130,000/-)

Lead Manager

Corpwis Advisors Private Limited

Issue Size

4,250,000 shares(aggregating up to ₹27.63 Cr)

Retail Portion

50%

Subscription

5.46 times

IPO Docs

DRHP RHP

The IPO of Saj Hotels is priced at ₹65 per equity share, which has a face value of ₹10 Per Equity Share each. The company shall list its equity shares on NSE SME. Satellite Corporate Services Private Limited is the registrar of the issue.

Saj Hotels IPO bid opening date is from Sep 27, 2024 and the bid closing date was Oct 1, 2024.
Saj Hotels IPO allotment result will be available on Oct 3, 2024. The tentative listing date for Saj Hotels is Oct 7, 2024.

The total issue size is 4,250,000 shares(aggregating up to ₹27.63 Cr).

As on	QIB / NII	Retail	Total
Shares Offered / Reserved	2,018,000	2,018,000	4,036,000
Day 1 - 27-09-24 06:00 PM	0.24 x	1.11 x	0.67 x
Day 2 - 30-09-24 06:00 PM	0.25 x	2.43 x	1.34 x
Day 3 - 01-10-24 06:00 PM	2.12 x	8.65 x	5.46 x

Total No. of Applications: 8,724 (Approx)

Saj Hotels Valuations

EPS Pre IPO

₹3.0/-

EPS Post IPO

₹2.32/-

P/E Pre IPO

21.7

P/E Post IPO

27.98

ROE

19.91%

ROCE

26.36%

Debt/Equity

0.17

RoNW

19.91%

PAT Margin

24.23

Price to Book Value

5.86

Saj Hotels Company Financials All values are in ₹ Lakh

	31-Mar-24	31-Mar-23	31-Mar-22
Assets	9,808.46	9,892.53	9,626.45
Revenue	1,455.49	1,282.19	1,287.90
Profit After Tax	344.68	355.76	144.25
Net Worth	1,734.49	1,316.84	891.08
Reserves & Surplus	7,721.70	8,325.19	7,977.20
Total Borrowing	291.52	614.14	1,053.54

About The Company

Saj Hotels Limited, incorporated in February 1981, operates in the hospitality sector and provides numerous services, from traditional resort accommodations, villa rentals to restaurant and bar properties. The company offers full services that make for an exceptional experience for our guests.

The company has accommodation options scattered across various destinations. Each has been designed to suit guests for 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 event venues that can host conferences, weddings, and social events.

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

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

Saj Hotels - Promoter(s)

Pre Issue Share Holding: 84.12%

Post Issue Share Holding: 61.94%

Company Promoter(s)

Rahul Maganlal Timbadia
Kartik Maganlal Timbadia
Karna Kartik Timbadia

Saj Hotels IPO - Issue Objectives

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

Other Details

Company Contact Details

Saj Hotels

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/

Registrar Contact Details

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 - FAQs

Ans. Saj Hotels Limited IPO is a SME IPO. The issue is priced at ₹65 per equity share. The minimum order quantity is 2000 Shares. The IPO opens on Sep 27, 2024, and closes on Oct 1, 2024. Satellite Corporate Services Private Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Ans. The Saj Hotels Limited IPO opens on Sep 27, 2024 and closes on Oct 1, 2024.

Ans. The size of Saj Hotels Limited IPO is 4,250,000 shares(aggregating up to ₹27.63 Cr).

Ans. The IPO price band is set between ₹65 per equity share.

Ans. To apply for Saj Hotels Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Saj Hotels Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Saj Hotels Limited IPO is Oct 3, 2024.

Ans. The Saj Hotels Limited IPO will be listed on Oct 7, 2024.

Ans. Follow the steps to check the allotment status for Saj Hotels Limited IPO here.