Saj Hotels IPO Date, Review, Price, Allotment Details

Saj Hotels IPO open date is September 27, 2024 and the IPO will close on October 1, 2024. Saj Hotels IPO is a Book Built Issue. The company to raise around ₹27.63 crores via IPO that comprises fresh issue of ₹27.63 crores and offer for sale up to [.] equity shares with face value of ₹10 each.

Saj Hotels IPO price band is ₹65 per share. The retail quota is 35%, QIB is 50%, and HNI is 15%. Saj Hotels IPO to list on NSE on October 7, 2024. The allotment of Saj Hotels IPO date is October 3, 2024.

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. As per the financials the IPO investors should apply the IPO for a long term.

Saj Hotels IPO

Table of Contents


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.

ApplicationLot SizeSharesAmount
Retail Minimum12,000₹130,000
Retail Maximum12,000₹130,000
HNI Minimum24,000₹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 EndedRevenueExpenseProfit After TaxAssets
2021₹8.12₹9.261.20₹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.

KPIValues
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

CompanyEPSPE RatioRoNW %NAVIncome
Royale Manor Hotels2.2120.597.67%29.37– Cr.
Jindal Hotels3.4333.9011.97%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
  • Canara Bank –
  • DRChoksey FinServ –
  • Emkay Global –
  • Hem Securities –
  • IDBI Capital –
  • Marwadi Shares –
  • Nirmal Bang –
  • SBICAP Securities –
  • Sharekhan –
  • SMC Global –
  • Sushil Finance –
  • Swastika Investmart –
  • Ventura Securities –
  • Geojit –
  • Reliance Securities –
  • 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

Saj Hotels IPO FAQs

What is Saj Hotels IPO?

Saj Hotels IPO is a SME IPO. The company is going to raise ₹27.63 Crores via IPO. The issue is priced at ₹65 per equity share. The IPO is to be listed on NSE.

When Saj Hotels IPO will open for subscription?

The IPO is to open on September 27, 2024 for NII, and Retail Investors. The IPO will close on October 1, 2024.

What is Saj Hotels IPO Investors Portion?

The investors’ portion for QIB is 00%, NII is 50%, and Retail is 50%.

How to Apply the Saj Hotels IPO?

You can apply for 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.

What is Saj Hotels IPO Issue Size?

Saj Hotels IPO issue size is ₹27.63 crores.

What is Saj Hotels IPO Price Band?

Saj Hotels IPO Price Band is ₹65.

What is Saj Hotels IPO Lot Size?

The minimum bid is 2,000 Shares with ₹130,000 amount.

What is the Saj Hotels IPO Allotment Date?

Saj Hotels IPO allotment date is October 3, 2024.

What is the Saj Hotels IPO Listing Date?

Saj Hotels IPO listing date is October 7, 2024. The IPO is to list on NSE.

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).
    Share the Post:
    Facebook
    Twitter
    LinkedIn

    Check out our in-depth IPO analysis, upcoming IPO details & get latest IPO GMP Updates on IPO Watch. Also, Watch our IPO Watch Youtube channel for latest IPO updates!. Also keep following us on TwitterFacebook, and Instagram. For our latest videos, subscribe to our YouTube channel.

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    OPEN DEMAT ACCOUNT