Saj Hotels IPO Subscription Status

Saj Hotels' initial public offering (IPO) has garnered moderate investor interest, with subscription rates increasing steadily over the three-day period. Starting modestly on day one, the IPO witnessed a gradual increase in demand, resulting in a 2.08 times oversubscription by 11:41:59 AM on day three. This response indicates a fair market appetite for Saj Hotels' shares and sets the stage for its potential listing.

The IPO, which opened on 27th September 2024, has seen growth in investor participation, primarily driven by Retail Investors. Saj Hotels attracted bids for 84,02,000 equity shares amounting to ₹54.61 crore.

The Retail Investors segment has shown strong demand, while Non-Institutional Investors (NII) have shown limited interest. 

Subscription Status of Saj Hotels IPO for Days 1, 2, and 3:

Note: Market Maker portion is not included in NII/HNI.

Here are the subscription details for Saj Hotels IPO as of Day 3 (1st October 2024, 11:41:59 AM):

Total Applications: 3,752

Note: The total amount is calculated based on the upper price of the issue price range.

Key Highlights:

• The IPO of Saj Hotels is currently subscribed 2.08 times, with strong demand from Retail Investors.
• Retail investors have shown significant interest, with a subscription ratio of 3.72 times.
• Non-Institutional Investors (NII) have demonstrated limited enthusiasm, with a subscription ratio of 0.44 times.
• The overall subscription trend increases day-on-day, indicating growing investor interest towards the issue.

Saj Hotels IPO - Day 2 Subscription at 1.34 Times

Key Highlights:

• On Day 2, Saj Hotels' IPO was subscribed 1.34 times, with strong demand from Retail Investors.
• Retail investors showed increased interest with a subscription ratio of 2.43 times.
• Non-Institutional Investors (NII) showed minimal interest with a subscription ratio of 0.25 times.
• The overall subscription trend indicated building momentum, with retail category showing significant increased participation.

Saj Hotels IPO - Day 1 Subscription at 0.67 Times

Key Highlights:

• The IPO of Saj Hotels was subscribed 0.67 times on Day 1, with initial demand primarily from Retail Investors.
• Retail investors showed early interest with a subscription ratio of 1.11 times.
• Non-Institutional Investors (NII) showed minimal initial interest with a subscription ratio of 0.24 times.
• The first-day response laid a foundation for the remaining days of the IPO, with expectations of increased participation in the following days.

About Saj Hotels Limited:

Saj Hotels Limited, incorporated in February 1981, is a hospitality company operating in the resort and accommodation sector. The company owns or leases three resort properties, two of which are managed and operated by Saj, while one is leased to others. Saj Hotels offers a diverse range of services including traditional resort accommodations, villa rentals, and restaurant and bar properties. The company's resorts are versatile venues capable of hosting conferences, weddings, and social events. Saj Hotels has also invested 50% in My Own Rooms Dot In Private Limited to expand its reach and diversify its portfolio. For the financial year ending 31st March 2024, the company reported revenue of ₹14.55 crore, a 13.52% year-on-year increase, though profit after tax (PAT) dropped by 3.11% to ₹3.45 crore. With 144 employees as of May 2024, Saj Hotels emphasizes its natural settings, diverse amenities, and engagement with local communities as key competitive strengths in the hospitality sector.

Read more about Saj Hotels IPO

Highlights of the Saj Hotels IPO:

• IPO Date: 27th September 2024 to 1st October 2024
• Listing Date: 7th October 2024 (Tentative)
• Face Value: ₹10 per share
• Price: ₹65 per share (Fixed Price Issue)
• Lot Size: 2000 Shares
• Total Issue Size: 4,250,000 shares (aggregating up to ₹27.63 Cr)
• Fresh Issue: 4,250,000 shares (aggregating up to ₹27.63 Cr)
• Issue Type: Fixed Price Issue IPO
• Listing At: NSE SME
• Book Running Lead Manager: Corpwis Advisors Private Limited
• Registrar: Satellite Corporate Services Private Limited
• Market Maker: Nnm Securities