Saj Hotels IPO
Saj Hotels is an NSE SME IPO listed on the NSE SME platform, priced at ₹65 per share. The stock debuted at ₹55. The IPO had a lot size of ₹2000 shares and a minimum investment of ₹1,30,000.
Saj Hotels Limited IPO
- IPO Dates
- Sep 27, 2024 – Oct 1, 2024
- Price band
- ₹65 per equity share
- Minimum Investment
- ₹1,30,000
- Issue size
- ₹27.63 Cr
- Lot size
- 2000
- Allotment Date
- Oct 3, 2024
- Listing
- Oct 7, 2024
- Listing At
- NSE SME
IPO timeline
-
Sep 27, 2024
Open Date
Completed
-
Oct 1, 2024
Close Date
Completed
-
Oct 3, 2024
Allotment Date
Completed
-
Oct 7, 2024
Listing Date
Completed
Saj Hotels IPO Essentials
Saj Hotels IPO Details
Saj Hotels IPO is priced at ₹65 per share with a total issue size of 27.63 crore. The IPO has a lot size of 2000 shares and is listed on NSE SME.
- Issue price
- ₹65 per equity share
- Lot size
- 2000 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 4,250,000 shares(aggregating up to ₹27.63 Cr)
- Total issue size
- 42,50,000 shares
(aggregating up to ₹27.63 crore) - Fresh issue
- 42,50,000 shares
(aggregating up to ₹27.63 crore) - Listing at
- NSE SME
- List price
- 55.0
- Listing date
- Registrar
- Satellite Corporate Services Private Limited
- Lead manager
-
Corpwis Advisors 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.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 2000 | ₹1,30,000 |
| Retail(max) | 1 | 2000 | ₹1,30,000 |
| NII (min) | 2 | 4000 | ₹2,60,000 |
Saj Hotels IPO Reservation
Saj Hotels IPO reservation details show category-wise allocation of shares. Out of the total 42,50,000 shares, approximately 47.48% for retail investors, and 5.04% for market maker.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | NA (NA%) | |
| Market Maker Shares Offered | 2,14,000 (5.04%) | |
| Retail Shares Offered | 20,18,000 (47.48%) | |
| Total Shares Offered | 42,50,000 (100%) |
Saj Hotels IPO Analytics
Saj Hotels IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Saj Hotels IPO Subscription Status
Saj Hotels IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 2,018,000 | 2,018,000 | 4,036,000 |
|
Day 1
27-09-24 06:00 PM
|
(0.24) x | 1.11 x | 0.67 x |
|
Day 2
30-09-24 06:00 PM
|
(0.25) x | 2.43 x | 1.34 x |
|
Day 3
01-10-24 06:00 PM
|
(2.12) x | 8.65 x | 5.46 x |
Saj Hotels Valuations
Earnings
- EPS Pre IPO
- ₹3.0/-
- EPS Post IPO
- ₹2.32/-
- P/E Pre IPO
- 21.7
- P/E Post IPO
- 27.98
Returns
- ROE
- 19.91%
- ROCE
- 26.36%
- RoNW
- 19.91%
- PAT Margin
- 24.23
Fundamentals
- Debt / Equity
- 0.17
- Price / Book
- 5.86
Saj Hotels Financials( In Lakhs)
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| 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 & Surplus | 7,721.70 | 8,325.19 | 7,977.20 |
| Total Borrowing | 291.52 | 614.14 | 1,053.54 |
Saj Hotels Company & Offer Insights
About Saj Hotels
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.
Saj Hotels Promoter(s)
Rahul Maganlal Timbadia, Kartik Maganlal Timbadia, Karna Kartik Timbadia are the company's promoters of Saj Hotels.
Saj Hotels IPO Issue Objectives
- •
- Capital Expenditure Requirements towards the Expansion of existing resort properties
- •
- Funding of working capital requirements of the Company
- •
- General Corporate Expenses
Saj Hotels IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Saj Hotels Limited | 2.9 | 2.9 | 14.61 | 22.41 | 19.91 | 4.45 | Standalone |
| Royale Manor Hotels & Industries Ltd. | 2.21 | 2.21 | 20.59 | 23.1 | 7.67 | 2.06 | Consolidated |
| Jindal Hotels Ltd. | 3.43 | 3.43 | 28.81 | 30.4 | 11.97 | 3.85 | Consolidated |
Notes:
- EPS is the consolidated Basic Earnings Per Share for the year ended March 31, 2024
- 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
- 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
- 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
- Issue price/market price is taken as on September 12, 2024
Contact Information
Contact Details
Saj Hotels
022-62875252
Saj on the Mountains, Survey number 18, Mahabaleshwar Panchgani Road, Mahabaleshwar, Satara,- 412806
Registrar Contact Details
Frequently Asked Questions
Click any question to reveal the answer
Saj Hotels IPO is a Fixed Priced IPO worth ₹27.63 crore. The issue price is ₹65 per share (fixed price). The IPO opens on Sep 27, 2024 and closes on Oct 1, 2024. It will be listed on NSE SME Platform. Satellite Corporate Services Private Limited is the registrar.
The issue price of Saj Hotels IPO is ₹65 per share (fixed price).
The lot size of Saj Hotels IPO is 2000 shares.
The minimum investment for Saj Hotels IPO is approximately ₹1,30,000 based on the issue price .
Saj Hotels IPO opens on Sep 27, 2024 and closes on Oct 1, 2024.
The allotment date of Saj Hotels IPO is Oct 3, 2024.
Saj Hotels IPO is expected to be listed on Oct 7, 2024, on NSE SME Platform.
Saj Hotels IPO valuation snapshot: P/E 27.98, EPS ₹2.32/-, P/B 5.86, RoNW 19.91%, and market cap N/A.
To apply for Saj Hotels IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Saj Hotels IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Saj Hotels IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Saj Hotels IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Saj Hotels IPO allotment status on IPO Ji for quick and easy access.