The Saj Hotels IPO is scheduled to open on September 27, 2024, and will close on October 1, 2024. Notably, this offering follows a book-built issue structure. Furthermore, the company seeks to raise approximately ₹27.63 crores, with this entire amount allocated to a fresh issue. In addition, the IPO includes an offer for sale of equity shares, each carrying a face value of ₹10.
Table of contents
- Saj Hotels IPO Overview
- Company Details
- Key Dates
- Financials (₹ in Crores)
- IPO Lot Size
- The objective of the Issue
- Company Promoters
- Saj Hotels IPO GMP (Grey Market Premium)
- Saj Hotels IPO Application Form PDF
- Saj Hotels IPO Subscription Status
- Saj Hotels IPO Allotment Status
- IPO Review
- Saj Hotels IPO Registrar
- Saj Hotels IPO Lead Manager
- Saj Hotels Limited Contact
- FAQs
Saj Hotels IPO Overview
| Overview Points | Description |
|---|---|
| Company Name | Saj Hotels LImited |
| Industry | Hospitality |
| IPO Issue Type | Fixed Price Issue |
| Open Date | September 27, 2024 |
| Close Date | October 1, 2024 |
| Total Issue Size | ₹27.63 Crores (4,250,000 Equity Shares) |
| Fresh Issue | ₹27.63 Crores (4,250,000 Equity Shares) |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹65 per share |
| Listing on | NSE SME |
| Lot Size | 2000 Shares |
| Offer for Sale | NA |
| Shares Offered to Retail | 50% |
| Shares Offered to QIB | 00% |
| Shares Offered to HNI | 50% |
Company Details
Saj Hotel Limited, located at Saj on the Mountains, Survey No. 18, Mahabaleshwar Panchgani Road, Mahabaleshwar, Satara, Maharashtra – 412806, operates in the hospitality industry. The company offers a wide range of services through its B2B, B2B2C, and B2C hospitality models, providing everything from traditional resort stays to villa rentals, along with restaurant and bar services.
The hotel is dedicated to delivering a well-rounded guest experience by offering dining options, recreational activities, and event spaces, all aimed at creating memorable stays. It ensures comfort and convenience with its accommodation offerings across multiple locations, each carefully designed to meet guest needs.
The hotel also hosts various events at its resorts, including conferences, weddings, and social gatherings, and strives to create unforgettable experiences for all guests. Additionally, Saj Hotel is expanding its portfolio with ‘Saj Villas’ in Goa, offering 2 BHK and 4 BHK options ideal for family vacations, group getaways, or romantic retreats. The company further strengthens its presence in Goa through its 50% stake in My Own Rooms Dot In Private Limited, which operates the ‘Morjim Retreat’ resort in this vibrant destination.
Key Dates
| Events | Date |
|---|---|
| IPO Open Date | September 27, 2024 |
| IPO Close Date | October 1, 2024 |
| Basis of Allotment | October 3, 2024 |
| Refunds | October 4, 2024 |
| Credit to Demat Account | October 4, 2024 |
| IPO Listing Date | October 7, 2024 |
Financials (₹ in Crores)
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| 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 and Surplus | ₹7,721.70 | ₹8,325.19 | ₹7,977.20 |
| Total Borrowing | ₹291.52 | ₹614.14 | ₹1,053.54 |
IPO Lot Size
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹130,000 |
| Retail (Max) | 1 | 2,000 | ₹130,000 |
| HNI (Min) | 2 | 4,000 | ₹260,000 |
The objective of the Issue
- The company intends to allocate funds not only for the expansion of its existing resort properties but also for meeting its working capital needs.
- Additionally, a portion of the funds will be used to cover general corporate expenses.
Company Promoters
- Mr Rahul Maganlal Timbadia
- Mr Kartik Maganlal Timbadia
- Mr Karna Kartik Timbadia
Saj Hotels IPO GMP (Grey Market Premium)
Are you curious about the latest Grey Market Premium (GMP) for the Saj Hotels IPO? Look no further! Visit our dedicated IPO GMP section where we keep you in the loop with daily updates on all IPOs, including Saj Hotels Limited. Additionally, stay ahead of the game with real-time GMP insights that can help you make informed investment decisions. Whether you’re a seasoned investor or just getting started, our updates have got you covered!
Saj Hotels IPO Application Form PDF
To download the Saj Hotels IPO application form, simply check out the IPO Forms. Additionally, you can download the ASBA IPO Forms PDF.
Saj Hotels IPO Subscription Status
This IPO subscription kicks off on September 27, 2024! Meanwhile, if you’re looking to stay updated with the latest subscription figures, head over to our IPO Subscription section for real-time data on all ongoing IPOs. Moreover, don’t miss out on the action—track the progress as it happens!
Saj Hotels IPO Allotment Status
To check the Saj Hotels IPO allotment status go to the IPO registrar website Satellite or go to IPO Allotment.
Furthermore, To check allotment status. Firstly, follow the steps below:
- Firstly, go to the link given above.
- Secondly, select the company name.
- Then, enter your PAN Number, Beneficiary Number, Application Number, or CAF Number.
- Finally, submit the details to get the allotment status.
IPO Review
Strengths:
- Saj Hotels is a recognized brand in the hospitality industry, which can attract investors and customers alike.
- Additionally, the company provides a wide range of services, from resort accommodations to dining and event hosting, enhancing revenue potential.
- Furthermore, the expansion of existing properties and the development of new villas, such as ‘Saj Villas’ in Goa, indicates growth potential.
- Moreover, the hotel operates in popular tourist destinations, potentially increasing occupancy rates and revenue.
- Lastly, partnerships, such as the stake in My Own Rooms Dot In Private Limited, demonstrate a commitment to modernizing and enhancing guest experiences.
Risks:
- The hospitality industry can be highly sensitive to economic downturns, affecting occupancy rates and revenue.
- Furthermore, the sector faces intense competition from both established brands and new entrants, which can pressure pricing and market share.
- In addition, changes in regulations or policies related to tourism and hospitality could impact operations and profitability.
- Moreover, the company’s performance is closely tied to tourism trends, making it vulnerable to fluctuations in travel demand.
- Finally, potential investors should carefully review financial statements to assess liquidity and overall financial stability before investing.
Saj Hotels IPO 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
Saj Hotels IPO Lead Manager
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 Limited Contact
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
FAQs
The Saj Hotels IPO has an issue size of ₹27.63 crores.
The price band for the Saj Hotels IPO is set at ₹65.
Investors can place a minimum bid for 2,000 shares, which amounts to ₹130,000.
The allotment date for the Saj Hotels IPO is scheduled for October 3, 2024.
Finally, the listing date for the Saj Hotels IPO on the NSE is October 7, 2024.
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