Saj Hotels IPO Date, Review, Price, Allotment Details

Saj Hotels IPO is opening for subscription on September 27, 2024, and closing on October 1, 2024. This NSE SME IPO aims to raise ₹27.63 Crores, with a 100% Fresh Issue of TBA equity shares, each with a face value of ₹10. The price band for the Saj Hotels IPO is fixed at ₹65 Per Share, with a market lot of 2000 share. The allocation for this IPO is as follows: 35% for retail investors, 50% for QIBs, and 15% for high-net-worth individuals (HNI). Saj Hotels IPO Allotment will done on October 3, 2024, and Saj Hotels IPO listing date is October 7, 2024.

 

Saj Hotels Company Profile

Saj Hotels Limited is a prominent player in the hospitality industry, particularly known for its diverse offerings in the resort and accommodation sector. The company operates primarily in Mahabaleshwar, a popular hill station in Maharashtra, India, renowned for its natural beauty and tourism appeal.

Core Offerings
Saj Hotels provides a comprehensive range of hospitality services, including:

Accommodation: The company offers various lodging options, from traditional resort stays to modern villa rentals. Each accommodation is designed to provide comfort and convenience to guests.
Food and Beverage Services: Guests can enjoy an array of dining options, including local and international cuisine, served in aesthetically pleasing environments.
Event Hosting: The resorts are equipped to host various events, including corporate conferences, weddings, and social gatherings. The facilities are designed to ensure a seamless experience for attendees.
Recreational Facilities: Saj Hotels focuses on providing leisure activities, including outdoor adventures and wellness options, to enhance the guest experience.

Key Developments

Saj Villas in Goa
The company is currently developing a new project, Saj Villas, in Goa. These villas will offer options ranging from 2 BHK to 4 BHK, catering to families, groups, and couples looking for a getaway.

Investment Partnerships
Saj Hotels has also invested in My Own Rooms Dot In Private Limited, which operates the Morjim Retreat resort in Goa, expanding its footprint in the coastal hospitality market.

 

Saj Hotels IPO Objectives

The funds raised through the IPO will be utilized for:

1. Capital expenditure for the expansion of existing resort properties
2. Working capital requirements
3. General corporate expenses

 

Saj Hotels IPO Key Details

• Saj Hotels IPO Open Date: September 27, 2024
• Saj Hotels IPO Close Date: October 1, 2024
• Saj Hotels IPO Size: Approximately ₹27.63 Crores, Equity Shares
• Face Value: ₹10 Per Equity Share
• Saj Hotels IPO Price Band: ₹65 Per Equity Share
• Saj Hotels IPO Listing on: NSE SME IPO
• Retail Quota: 35% of the net offer
• QIB Quota: 50% of the net offer
• HNI Quota: 15% of the net offer

 

Saj Hotels IPO Timeline

• Saj Hotels IPO Open Date: September 27, 2024
• Saj Hotels IPO Close Date: October 1, 2024
• Basis of Allotment: October 3, 2024
• Refunds: October 4, 2024
• Credit to Demat Account: October 4, 2024
• Saj Hotels IPO Listing Date: October 7, 2024

 

How to Apply for Saj Hotels IPO

Investors can apply for the Saj Hotels IPO through ASBA (Applications Supported by Blocked Amount) online via their bank accounts or by using the offline IPO forms, which can be downloaded from the NSE website.

 

Saj Hotels Financial Performance (in Crores)

• Year 2021: Revenue: ₹8.06 Cr, Expense: ₹9.26 Cr, Profit After Tax: ₹1.20 Cr, Assets: ₹32.86 Cr
• Year 2022: Revenue: ₹12.83 Cr, Expense: ₹10.77 Cr, Profit After Tax: ₹1.32 Cr, Assets: ₹96.26 Cr
• Year 2023: Revenue: ₹12.71 Cr, Expense: ₹12.03 Cr, Profit After Tax: ₹3.48 Cr, Assets: ₹98.93 Cr
• Jan 2024: Revenue: ₹14.26 Cr, Expense: ₹9.99 Cr, Profit After Tax: ₹3.45 Cr, Assets: ₹98.13 Cr

 

Saj Hotels Valuation FY2024

• Return on Equity (ROE): 27.02%
• Return on Capital Employed (ROCE): 34.64%
• EBITDA Margin: 25.36%
• PAT Margin: 27.98%
• Debt to Equity Ratio: 0.47
• Earnings Per Share (EPS): ₹3.00 (Basic)
• Net Asset Value (NAV): ₹11.09

 

Saj Hotels Peer Group

• Royale Manor Hotels: EPS: ₹2.11, PE Ratio: 23.1, RoNW: 8.05%, NAV: ₹26.95, Income: – Cr.
• Jindal Hotels: EPS: ₹2.95, PE Ratio: 37.7, RoNW: 12.00%, NAV: ₹28.81, Income: – Cr.

 

Saj Hotels Company Promoters

• Mr Rahul Maganlal Timbadia
• Mr Kartik Maganlal Timbadia
• Mr Karna Kartik Timbadia.

 

Saj Hotels IPO Registrar

Satellite Corporate Services Private Limited
B-302, Sony Apartment,
Off Andheri Kurla Road, Jarimari,
Sakinaka, Mumbai – 400 072
Website: https://www.satellitecorporate.com/ipo-query.php
Phone: +91-22- 28520461/462
Email: service@satellitecorporate.com

 

Saj Hotels IPO Allotment Status Check

• Check the Saj Hotels IPO allotment status on the Satellite Corporate Services website.

 

Saj Hotels IPO Allotment Link

• Check the Saj Hotels IPO allotment on the Check Ipo Allotment website.

 

Saj Hotels IPO Lead Managers (Merchant Bankers)

• Corpwis Advisors Private Limited

 

Saj Hotels Company Address

Saj on the Mountains,
Survey number 18,
Mahabaleshwar Panchgani Road,
Satara,Maharashtra-412 806 India
Website: https://www.sajresort.com/
Phone: 022-62875252
Email: secretarial@sajresort.in

 

Saj Hotels IPO FAQs

 

What is Saj Hotels IPO?

Saj Hotels IPO is an NSE SME IPO. They are 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 will the Saj Hotels IPO open?

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

 

What is Saj Hotels IPO Investors Portion?

The investors’ portion for QIB is 50%, HNI is 15%, and Retail is 35%.

 

How to Apply for the Saj Hotels IPO?

You can apply for Shelter Finance 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.

 

How to Apply Gala Precision Engineering IPO through M-Stock?

For those using M-Stock, the application process involves logging into the M-Stock Account, selecting the IPO under the Product Tab, and then filling in the necessary details. Approval through a UPI app is also required. Opening a Demat Account with M-Stock may be necessary for some applicants. Open Demat Account with M-Stock.

 

How to Apply the Saj Hotels IPO through Alice Blue?

Alice Blue users can apply by logging into the Alice Blue application, selecting the IPO, and confirming their application. Similar to other methods, approval via a UPI app is required. Opening a Demat Account with Alice Blue may also be necessary. Open a Demat Account with Alice Blue.

 

How to Apply for the Saj Hotels IPO through Motilal Oswal?

Log in to Motilal Oswal Application with your credentials. Select the IPO. You will see the IPO Name. Click on the Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Motilal Oswal.

 

What is Saj Hotels IPO Size?

Saj Hotels IPO size is ₹27.63 Crores.

 

What is Saj Hotels IPO Price Band?

Saj Hotels IPO Price Band is ₹65 Per equity share.

 

What is Saj Hotels IPO Minimum and Maximum Lot Size?

The IPO bid is 2000 share with ₹130,000.

 

What is Saj Hotels IPO Allotment Date?

Saj Hotels IPO allotment date is October 3, 2024.

 

What is Saj Hotels IPO Listing Date?

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