Saj Hotels IPO description – Saj Hotels is engaged in the hospitality industry and provides a diverse portfolio of Business-to-Business (B2B), Business-to Business-to-Customer (B2B2C), and Business-to-Customer (B2C) offerings. These services span from traditional resort accommodation to villa rentals and restaurant and bar properties. The company focuses on providing comprehensive services to guests, including food and beverage options, recreational facilities, and event-hosting capabilities.
Saj Hotels has 3 resorts – 1 in Madhya Pradesh, and 2 in Maharashtra with a total of around 130 rooms. The hotel company is also developing villas named, ‘Saj Villas’ in Goa. These villas have a carefully curated range of 2BHK and 4BHK options for guests. Along with this it also took on lease a restaurant and bar property to operate a restaurant by the name ‘Mahe’.
The company employs around 144 people on payroll under its various departments.
Promoters of Saj Hotels – Mr. Rahul Maganlal Timbadia, Mr. Kartik Maganlal Timbadia, and Mr. Karna Kartik Timbadia
Table of Contents
Saj Hotels IPO Details
| Saj Hotels IPO Dates | 27 September – 1 October 2024 |
| Saj Hotels Issue Price | INR 65 per share |
| Fresh issue | 42,50,000 shares (INR 27.63 crore) |
| Offer For Sale | NIL |
| Total IPO size | 42,50,000 shares (INR 27.63 crore) |
| Minimum bid (lot size) | 2,000 shares (INR 1,30,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge |
Saj Hotels Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 | FY 2024 |
| Revenue | 8.06 | 12.83 | 12.71 | 14.26 |
| Expenses | 9.26 | 10.77 | 12.03 | 9.99 |
| Net income | (1.20) | 1.32 | 3.48 | 3.45 |
Saj Hotels Offer News
- Saj Hotels RHP
- Saj Hotels Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- Highest SME IPO Subscription in 2024
Saj Hotels Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | |
| EPS | (1.01) | 1.21 | 3.00 | 2.90 |
| PE ratio | – | – | – | 22.41 |
| RONW (%) | (15.93) | 14.82 | 26.43 | 19.91 |
| NAV | 6.35 | 7.50 | 11.09 | 14.61 |
| ROCE (%) | 4.16 | 28.64 | 34.64 | 26..36 |
| EBITDA (%) | 22.22 | 32.13 | 25.36 | 45.77 |
| Debt/Equity | 1.24 | 1.18 | 0.47 | 0.17 |
Saj Hotels IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| Coming soon | – | – | – |
Saj Hotels IPO Subscription – Live Updates
| Category | Non-retail | Retail | Total |
|---|---|---|---|
| Shares Offered | 20,18,000 | 20,18,000 | 40,36,000 |
| 1 Oct 2024 | 2.23 | 8.65 | 5.44 |
| 30 Sep 2024 | 0.35 | 2.37 | 1.36 |
| 27 Sep 2024 | 0.24 | 1.05 | 0.65 |
The market maker reservation portion of 2,14,000 shares is not included in the above calculations.
Saj Hotels IPO Allotment Status
Saj Hotels IPO allotment status is now available on Satellite Corporate Services’ website. Click on this link to get allotment status.
Saj Hotels IPO Dates & Listing Performance
| IPO Opening Date | 27 September 2024 |
| IPO Closing Date | 1 October 2024 |
| Finalization of Basis of Allotment | 3 October 2024 |
| Initiation of refunds | 4 October 2024 |
| Transfer of shares to demat accounts | 4 October 2024 |
| IPO Listing Date | 7 October 2024 |
| Opening Price on NSE SME | INR 55 per share (down 15.38%) |
| Closing Price on NSE SME | INR 52.45 per share (down 19.31%) |
Saj Hotels Offer Lead Manager
CORPWIS ADVISORS PRIVATE LIMITED
510, 5th Floor, Dilkap Chambers, Plot – A/7 Veera Desai
Road, Andheri (West), Mumbai – 400053
Phone: +91 – 22 – 4972 9990
Email:Â [email protected]
Website:Â www.corpwis.com
Saj Hotels Offer Registrar
SATELLITE CORPORATE SERVICES PRIVATE LIMITED
A 106 & 107, Dattani Plaza, East West Compound,
Andheri Kurla Road, Safed Pool Sakinaka,
Mumbai – 400072
Tel:Â +91 22 28520461
Email Id:Â [email protected]
Website:Â www.satellitecorporate.com
Saj Hotels Issue Contact Details
SAJ HOTELS LIMITED
Saj Hotels 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
IPO FAQs
What is Saj Hotels offer size?
Saj Hotels’ offer size is INR 27.63 crores.
What is Saj Hotels offer price band?
Saj Hotels’ public offer price is INR 65 per share.
What is the lot size of Saj Hotels IPO?
Saj Hotels offer lot size is 2,000 shares.
What is Saj Hotels IPO GMP today?
Saj Hotels IPO GMP today is INR NA per share.
What is Saj Hotels kostak rate today?
Saj Hotels kostak rate today is INR NA per application.
What is Saj Hotels IPO Subject to Sauda rate today?
Saj Hotels’s Subject to Sauda rate today is INR NA per application.
