Saj Hotels Limited
Fixed Price IPO · NSE
- Price band
- ₹65 - ₹65
- Lot size
- 2,000 shares
- Issue amount
- ₹27.63 cr
- Total subscription
- 5.44×
- Opens
- 27 Sept 2024
- Closes
- 1 Oct 2024
- Allotment
- 4 Oct 2024
- Listing
- 7 Oct 2024
Offer at a glance
Issue overview
- Issue size
- 42,50,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,30,000
- Fresh issue
- ₹27.63 cr
- Offer for sale
- ₹0 cr
- Registrar
- Satellite Corporate Services Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,30,000
- Issue type
- Fixed Price IPO
- Shares before issue
- 1,18,75,000
- Shares after issue
- 1,61,25,000
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 2,000 | ₹1,30,000 |
| HNI | 2 | 4,000 | ₹2,60,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| RETAIL | 13.12 | 113.54 |
Financial performance
Company financials
In Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 2.9 | 3 | 1.21 |
| ROE | 19.91 | 26.43 | 14.82 |
| ROCE | 26.36 | 34.64 | 28.64 |
| RONW | 19.91 | 26.43 | -15.93 |
| PRE IPO(PE) | 21.7 | 0 | 0 |
| POST IPO(PE) | 27.98 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Saj Hotels Limited, incorporated in February 1981, is engaged in the hospitality sector, offering resort accommodations, villa rentals, restaurants, and bar services. The company owns or leases three resort properties, of which two are owned and directly operated, and one is leased to a third party. Saj Hotels caters to a diverse customer base and also provides event spaces for conferences, weddings, and social gatherings. To expand its offerings within the travel and hospitality ecosystem, the company holds a 50% stake in My Own Rooms Dot In Private Limited. As of May 2024, Saj Hotels employs 144 people across various departments.
Strengths
- Strong Leadership: Saj Hotels is led by an experienced team that plays a key role in the company's success in the hospitality industry.
- Smart Resource Use: The company makes the best use of its resources to run efficiently and boost profitability.
- Great Locations & Excellent Service: Saj Hotels' resorts are in prime locations, offering top-quality services that keep guests happy and attract a wide range of visitors.
Risk factors
- Unsteady Profits: The company faced losses in one of the last three years, which could mean its finances aren’t always stable.
- Cash Flow Struggles: The company has had negative cash flow in the past, which might make it hard to manage day-to-day expenses and future growth.
- High Financial Needs: The company needs a lot of working capital to grow, and if it can't secure enough, its operations and cash flow could be affected.
Promoters
Rahul Maganlal Timbadia
Kartik Maganlal Timbadia
Karna Kartik Timbadia
Registrar & documents
Lead manager
Corpwis Advisors Private Limited
Registrar & contacts
Satellite Corporate Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Saj on the Mountains, Survey number 18, Mahabaleshwar Panchgani Road, Mahabaleshwar, Satara,- 412806
022-62875252
[email protected]Company website ↗Understanding SAJHOTELS IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.