Saj Hotels IPO 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% |
| NII Quota: | Not more than 50% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Saj Hotels IPO IPO Market Lot
The Saj Hotels IPO minimum market lot is 2000 shares with ₹130,000 application amount.
| 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 Dates
The Saj Hotels IPO date is September 27 and the close date is October 1. The Saj Hotels IPO allotment will be finalized on October 4 and the IPO listing 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 |
Promoters of Saj Hotels IPO
The promoters of the company are Mr Rahul Maganlal Timbadia, Mr Kartik Maganlal Timbadia and Mr Karna Kartik Timbadia.
About Saj Hotels IPO
The Saj Hotel Limited is located in Saj on the Mountains, Survey number 18, Mahabaleshwar Panchgani Road, Mahabaleshwar, Satara, Maharashtra – 412806 and engaged in the Hospitality industry. The firm provides a diverse portfolio of Business-to-Business (B2B), Business-toBusiness-to-Customer (B2B2C) and Business-to-Customer (B2C) hospitality offerings, spanning from traditional resort accommodation to villa rentals and restaurant and bar properties.
This hotel’s focus is on providing comprehensive services to guests, including food and beverage options, recreational facilities and event hosting capabilities, reflecting a commitment to ensuring a memorable experience for our visitors. We offer a range of accommodation options across various destinations, each tailored to provide comfort and convenience.
This hotel’s resorts are used as versatile event venues, equipped to host a wide array of gathering including conference, wedding and social events. The hotel ensures that every client and guests would have unforgettable and seamless experience at their hotel. Additionally, this hotel is developing villas named, ‘Saj Villas’ in Goa. These villas have a carefully curated range of 2 BHK and 4BHK options for guests; whether for family vacations, group gatherings or romantic escapes., they have invested (50%) in a company called My Own Rooms Dot In Private Limited as associate. Moreover My Own Rooms Dot In Private Limited operates a resort named ‘Morjim Retreat’ in the vibrant destination of Goa.
Saj Hotels IPO Company Financial Report
The company reported revenue of ₹14.56 crores in 2024 against ₹12.82 crore in 2023. The company reported profit of ₹3.45 crores in 2024 against profit of ₹3.56 crores in 2023.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2021 | ₹8.12 | ₹9.26 | ₹1.20 | ₹32.86 |
| 2022 | ₹12.88 | ₹10.77 | ₹1.44 | ₹96.27 |
| 2023 | ₹12.82 | ₹12.03 | ₹3.56 | ₹98.93 |
| 2024 | ₹14.56 | ₹9.99 | ₹3.45 | ₹98.09 |
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: | 19.91% |
| ROCE: | 26.36% |
| EBITDA Margin: | 45.77% |
| PAT Margin: | 24.23% |
| Debt to equity ratio: | 0.17 |
| Earning Per Share (EPS): | ₹2.90 (Basic) |
| Price/Earning P/E Ratio: | 22.41 |
| Return on Net Worth (RoNW): | 19.91% |
| Net Asset Value (NAV): | ₹14.61 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Royale Manor Hotels | 2.21 | 20.59 | 7.67% | 29.37 | – Cr. |
| Jindal Hotels | 3.43 | 33.90 | 11.97% | 30.40 | – Cr. |
Objects of the Issue
- Capital Expenditure requirements towards expansion of existing resort properties
- Funding of working capital requirements of the Company
- General Corporate Expenses
Saj Hotels IPO Review
- IPO Watch – May Apply
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- IDBI Capital –
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- Sharekhan –
- SMC Global –
- Sushil Finance –
- Swastika Investmart –
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- Geojit –
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- Capital Market –
- BP Wealth –
- ICICIdirect –
- Choice Broking –
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: [email protected]
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: [email protected]
Website: www.sajresort.com
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Note: The Saj Hotels IPO price band and date are officially announced. The (Saj Hotels IPO grey market premium) will be added to the IPO GMP page as it will start).
