Saj Hotels IPO Details: The Saj Hotels IPO is set to open on September 27, 2024, and will close on October 1, 2024. This Book Built Issue aims to raise approximately ₹27.63 crores, consisting of a fresh issue of ₹27.63 crores along with an offer for sale of up to [.] equity shares, each with a face value of ₹10.
The price band for the Saj Hotels IPO is fixed at ₹65 per share. The allocation is structured with 35% for retail investors, 50% for Qualified Institutional Buyers (QIBs), and 15% for High Net-worth Individuals (HNIs). The IPO is expected to be listed on the NSE on October 7, 2024, with the allotment date set for October 3, 2024.
In terms of financial performance, the company reported revenue of ₹12.71 crores in 2023, a slight decrease from ₹12.83 crores in 2022. However, its profit saw a significant increase, rising to ₹3.48 crores in 2023 from ₹1.32 crores in 2022. Given these financials, long-term investors may find the Saj Hotels IPO a worthwhile opportunity.
Saj Hotels IPO Objectives:
The Company proposes to utilize the funds which are being raised towards funding the following objects
- Capital Expenditure Requirements towards the Expansion of existing resort properties
- Funding of working capital requirements of the Company
- General Corporate Expenses
Saj Hotels IPO Review (Apply or Not)
- Update soon
Saj Hotels IPO Date & Price Band Details:
| IPO Open Date: | September 27, 2024 |
| IPO Close Date: | October 1, 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹65 Per Share |
| Issue Size: | Approx ₹27.63 Crores |
| Fresh Issue: | Approx ₹27.63 Crores |
| Issue Type: | Book Built Issue |
| IPO Listing: | NSE SME |
| Retail Quota: | Not more than 50% |
| QIB Quota: | Not more than 00% |
| NII Quota: | Not more than 50% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Saj Hotels IPO Lot Size:
The minimum market lot for the Saj Hotels IPO consists of 2,000 shares, requiring an application amount of ₹130,000.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 2,000 | ₹130,000 |
| Retail Maximum | 1 | 2,000 | ₹130,000 |
| HNI Minimum | 2 | 4,000 | ₹260,000 |
Saj Hotels IPO Timeline:
The Saj Hotels IPO will open on September 27 and close on October 1. Allotment for the IPO is scheduled to be finalized on October 4, with the listing expected to take place on October 7.
| 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 |
Saj Hotels IPO GMP Today:
- Not Started yet.
Promoters of Saj Hotels IPO
The promoters of Saj Hotels are Mr. Rahul Maganlal Timbadia, Mr. Kartik Maganlal Timbadia, and Mr. Karna Kartik Timbadia.
About Saj Hotels IPO
Saj Hotel Limited is situated in Saj on the Mountains, at Survey Number 18, Mahabaleshwar Panchgani Road, Mahabaleshwar, Satara, Maharashtra – 412806. The company operates in the hospitality industry, offering a diverse range of Business-to-Business (B2B), Business-to-Business-to-Customer (B2B2C), and Business-to-Customer (B2C) services. Their portfolio includes traditional resort accommodations, villa rentals, and restaurant and bar properties.
The hotel is dedicated to providing a comprehensive guest experience, featuring a variety of food and beverage options, recreational facilities, and event hosting capabilities. Their focus is on creating memorable experiences for visitors through tailored accommodations designed for comfort and convenience.
Saj Hotels’ resorts serve as versatile event venues, capable of hosting conferences, weddings, and social gatherings. The hotel ensures that every client and guest enjoys a seamless and unforgettable experience. Additionally, they are developing “Saj Villas” in Goa, offering carefully curated 2 BHK and 4 BHK options for family vacations, group gatherings, or romantic getaways. They have also invested 50% in My Own Rooms Dot In Private Limited, which operates the resort “Morjim Retreat” in the vibrant destination of Goa.
Saj Hotels IPO Company Financial Report
The company reported revenue of ₹12.71 crores in 2023 against ₹12.83 crore in 2022. The company reported profit of ₹3.48 crores in 2023 against profit of ₹1.32 crores in 2022.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2021 | ₹8.06 | ₹9.26 | ₹1.20 | ₹32.86 |
| 2022 | ₹12.83 | ₹10.77 | ₹1.32 | ₹96.26 |
| 2023 | ₹12.71 | ₹12.03 | ₹3.48 | ₹98.93 |
| Jan 2024 | ₹14.26 | ₹9.99 | ₹3.45 | ₹98.13 |
Saj Hotels IPO Valuation – FY2023
Check Saj Hotels IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 27.02% |
| ROCE: | 34.64% |
| EBITDA Margin: | 25.36% |
| PAT Margin: | 27.98% |
| Debt to equity ratio: | 0.47 |
| Earning Per Share (EPS): | ₹3.00 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 27.02% |
| Net Asset Value (NAV): | ₹11.09 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Royale Manor Hotels | 2.11 | 23.1 | 8.05% | 26.95 | – Cr. |
| Jindal Hotels | 2.95 | 37.7 | 12.00% | 28.81 | – Cr. |
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
IPO Lead Managers aka Merchant Bankers
- Corpwis Advisors Private Limited
Company Address
Saj Hotels IPO 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
Saj Hotels IPO FAQs
1. What are the opening and closing dates for the Saj Hotels IPO?
The Saj Hotels IPO opens on September 27, 2024, and closes on October 1, 2024.
2. What is the price band for the Saj Hotels IPO?
The price band for the Saj Hotels IPO is set at ₹65 per share.
3. How many shares are in a minimum market lot?
The minimum market lot for the Saj Hotels IPO consists of 2,000 shares, requiring an application amount of ₹130,000.
4. When will the allotment of shares be finalized?
The allotment of shares for the Saj Hotels IPO will be finalized on October 4, 2024.
5. When is the IPO expected to be listed on the stock exchange?
The Saj Hotels IPO is expected to be listed on the NSE on October 7, 2024.
6. Who are the promoters of Saj Hotels?
The promoters of Saj Hotels are Mr. Rahul Maganlal Timbadia, Mr. Kartik Maganlal Timbadia, and Mr. Karna Kartik Timbadia.
7. What type of hospitality services does Saj Hotels offer?
Saj Hotels offers a diverse range of services, including traditional resort accommodations, villa rentals, and restaurant and bar properties. They cater to both B2B and B2C segments.
8. What amenities can guests expect at Saj Hotels?
Guests can enjoy a variety of food and beverage options, recreational facilities, and event hosting capabilities designed to provide a memorable experience.
9. Is Saj Hotels developing any new properties?
Yes, Saj Hotels is developing “Saj Villas” in Goa, offering 2 BHK and 4 BHK options tailored for family vacations, group gatherings, and romantic getaways.
10. Has Saj Hotels made any investments in other companies?
Saj Hotels has invested 50% in My Own Rooms Dot In Private Limited, which operates the resort “Morjim Retreat” in Goa.
