IPO

Saj Hotels Limited IPO

NSE SME

Listed On: Oct 7, 2024 at ₹ 55.0

₹ 260000 /4000 Shares
*Min Investment

Check Allotment

27 Sep, 2024

Open Date

01 Oct, 2024

Close Date

03 Oct, 2024

Allotment Date

07 Oct, 2024

Listing Date

Exp. Premium is derived from market rumors and internet sources. It does not reflect the actual IPO listing price or value. Please review the RHP and consult a financial advisor before investing.

Saj Hotels IPO Issue Details
  • Issue Price ₹65 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 42,50,000 shares(aggregating up to ₹27.63 crore)
  • Fresh Share 42,50,000 shares(aggregating up to ₹27.63 crore)
  • Listing at NSE SME
  • List Price 55.0
  • Listing Date 2024-10-07
  • Lead Manager Corpwis Advisors Private Limited
  • Registrar Satellite Corporate Services Private Limited
Market Lot Size

Investors can bid for a minimum of 2000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

ApplicationLotsSharesAmount
Retail (min)12000₹1,30,000
Retail(max)12000₹1,30,000
NII (min) 24000₹2,60,000
Saj Hotels IPO Reservation

Saj Hotels IPO offers total 42,50,000 shares. Out of which NA (NA%) allocated to QIB, NA (NA%) allocated to NII,20,18,000 (47.48%) allocated to RII, NA (NA%) allocated to employees and NA (NA%) allocated to Anchor investors.

Investor CategoryShares OfferedMaximum Allottees
Anchor Investor Shares OfferedNA (NA%)
Market Maker Shares Offered2,14,000 (5.04%)
Retail Shares Offered20,18,000 (47.48%)
Total Shares Offered42,50,000 (100%)
Saj Hotels IPO Documents
DRHP
RHP
Saj Hotels IPO Details


Saj Hotels Limited IPO is an SME IPO, priced at ₹65 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 42,50,000 equity shares, aggregating up to ₹27.63 crores..

The IPO bidding window is open from Sep 27, 2024 to Oct 1, 2024. The allotment is expected to be finalized on Oct 3, 2024, and the tentative listing date is Oct 7, 2024.

The minimum lot size for retail investors is 2000 shares, with a minimum investment of ₹1,30,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,60,000.

Corpwis Advisors Private Limited is acting as the lead manager to the issue. The registrar of the IPO is Satellite Corporate Services Private Limited, and Nnm Securities Private Limited will act as the market maker for this issue.

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Saj Hotels IPO Subscription Analysis And Details
Retail
8.65x
Total
5.46x
As onQIB / NIIRetailTotal
Shares Offered / Reserved2,018,0002,018,0004,036,000
Day 1 27-09-24 06:00 PM
0.24 x1.11 x0.67 x
Day 2 30-09-24 06:00 PM
0.25 x2.43 x1.34 x
Day 3 01-10-24 06:00 PM
2.12 x8.65 x5.46 x
Total No of Applications
8,724
Saj Hotels Valuations
EPS Pre IPO ₹3.0/-
EPS Post IPO ₹2.32/-
P/E Pre IPO 21.7
P/E Post IPO 27.98
ROE 19.91%
ROCE 26.36%
Debt/Equity 0.17
RoNW 19.91%
PAT Margin 24.23
Price to Book Value 5.86
Saj Hotels Company Financials
In Lakhs
In Lakh
31-Mar-2431-Mar-2331-Mar-22
Assets9,808.469,892.539,626.45
Revenue1,455.491,282.191,287.90
Profit After Tax344.68355.76144.25
Net Worth1,734.491,316.84891.08
Reserves & Surplus7,721.708,325.197,977.20
Total Borrowing291.52614.141,053.54
About Saj Hotels Company

Saj Hotels Limited, incorporated in February 1981, operates in the hospitality sector and provides numerous services, from traditional resort accommodations, villa rentals to restaurant and bar properties. The company offers full services that make for an exceptional experience for our guests.

The company has accommodation options scattered across various destinations. Each has been designed to suit guests for 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 event venues that can host conferences, weddings, and social events.

The company has invested 50% in My Own Rooms Dot In Private Limited, which increases its reach and diversifies its hospitality portfolio.

As of May 2024, the company has 144 employees in various departments.

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Saj Hotels - Promoter(s)

Rahul Maganlal Timbadia

Kartik Maganlal Timbadia

Karna Kartik Timbadia

Pre Issue Share Holding : 84.12%

Post Issue Share Holding : 61.94%

Saj Hotels IPO - Issue Objectives
1

Capital Expenditure Requirements towards the Expansion of existing resort properties

2

Funding of working capital requirements of the Company

3

General Corporate Expenses

Saj Hotels IPO - Peers Comparison
Company NameEPS (Basic)EPS (Diluted)NAV (per share) (Rs)P/E (x)RoNW (%)P/BV RatioFinancial statements
Saj Hotels Limited2.92.914.6122.4119.914.45Standalone
Royale Manor Hotels & Industries Ltd.2.212.2120.5923.17.672.06Consolidated
Jindal Hotels Ltd.3.433.4328.8130.411.973.85Consolidated

Notes:

  1. EPS is the consolidated Basic Earnings Per Share for the year ended March 31, 2024
  2. P/E Ratio or Price Earning Ratio has been computed based on the Closing Market Price of the share as of date i.e. September 12, 2024
  3. RoNW or Return on Net Worth has been computed as consolidated Net profit after tax attributable to the owners of the company divided by consolidated Net worth at the end of the year ended March 31, 2024
  4. NAV per equity share or Net Asset Value per share has been calculated as consolidated Net worth divided by the weighted average number of equity shares outstanding as on March 31, 2024
  5. Issue price/market price is taken as on September 12, 2024
Contact Details

Saj Hotels

Saj on the Mountains, Survey number 18, Mahabaleshwar Panchgani Road, Mahabaleshwar, Satara,- 412806

022-62875252

secretarial@sajresort.in

https://www.sajresort.com/

Registrar Contact Details

Satellite Corporate Services Private Limited

+91-22- 28520461/462

service@satellitecorporate.com

https://www.satellitecorporate.com/ipo-query.php