Saj Hotels Limited operates in the hospitality industry, offering diverse 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.
Saj Hotels IPO – Details
| IPO Opening Date | 27 September 2024 |
| IPO Closing Date | 01 October 2024 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | Total Issue Size: 42,50,000 Shares Worth ₹27.62 Crore Fresh Issue: 42,50,000 Shares Worth ₹27.62 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹65 |
| Market Lot | 2000 Shares |
| Min Order | 2000 Shares |
| Listing At | NSE SME |
| Register | Satellite Corporate Services Private Limited |
| Retail Shares Offered | 50% |
| Other Shares Offered | 50% |
Saj Hotels IPO – Date Schedule
| IPO Open Date | 27 September 2024 |
| IPO Close Date | 01 October 2024 |
| Basis of Allotment | 03 October 2024 |
| Initiation of Refund | 04 October 2024 |
| Credit of Shares to Demat Account | 04 October 2024 |
| IPO Listing Date | 07 October 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 01, 2024 |
Saj Hotels IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹1,30,000 |
| Retail (Max) | 1 | 2000 | ₹1,30,000 |
| HNI (Min) | 2 | 4000 | ₹2,60,000 |
Competitive Strengths
- Experienced Promoters and Management Team.
- Optimal utilization of resources.
- Location of resort properties and quality of services provided.
- They are identifying opportunities to develop the resort properties.
- Increasing revenue by having multiple revenue streams and complementary offerings.
Company Promoters
- Rahul Maganlal Timbadia
- Kartik Maganlal Timbadia
- Karna Kartik Timbadia
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 8.12 | 9.25 | -1.20 | 9.38 |
| 31 March 2022 | 12.87 | 10.77 | 1.44 | 10.53 |
| 31 March 2023 | 12.82 | 12.03 | 3.55 | 6.14 |
| 31 January 2024 | 12.24 | 8.07 | 3.12 | 2.11 |
Key Performance Indicator
| 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) | 3.00 | 2.32 |
| P/E (x) | 21.7 | 27.98 |
Object 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 Promoter Holding
| Pre Issue Share Holding | 84.12% |
| Post Issue Share Holding | 61.94% |
Saj Hotels IPO Prospectus
Company Contact Information
| 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 Lead Manager(s)
| 1. Corpwis Advisors Private Limited |
Saj Hotels IPO FAQs
| What is Saj Hotels IPO? Saj Hotels IPO is an SME IPO. The issue is priced at ₹65 per equity share. The IPO is to be listed on NSE SME. |
| When Saj Hotels IPO will open? The IPO is to open on 27 September 2024 for NII and Retail Investors. |
| What is Saj Hotels IPO Investors Portion? The investors’ portion for Retail – 50%, NII – 50%. |
| How to Apply the Saj Hotels IPO? You can apply Saj Hotels IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Saj Hotels IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Saj Hotels IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Saj Hotels IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Saj Hotels IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Saj Hotels IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Saj Hotels IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Saj Hotels IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Saj Hotels IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Saj Hotels IPO Size? Saj Hotels IPO size is ₹27.62 Crore. |
| What is Saj Hotels IPO Price Band? Saj Hotels IPO Price Band is ₹65. |
| What is Saj Hotels IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 2000 Shares with ₹1,30,000 amount while the maximum bid is 2000 Shares with ₹1,30,000. |
| What is the Saj Hotels IPO Allotment Date? Saj Hotels IPO allotment date is 03 October 2024. |
| What is the Saj Hotels IPO Listing Date? Saj Hotels IPO listing date is 07 October 2024. The IPO is to be listed on NSE SME. |
