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Saj Hotels IPO

  • Status: Closed
  • RHP:
  • ₹ 130,000 / 2000 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    07 Oct 2024

  • Listing Price

    ₹ 55.00

  • Listing Change

    -15.38%

  • Last Traded Price

    ₹ 44.00

IPO Details

  • Open Date

    27 Sep 2024

  • Close Date

    01 Oct 2024

  • IPO Price Range

    ₹ 65

  • IPO Size

    ₹ 27.63 Cr

  • Listing Exchange

    NSE SME

  • Listing Date

    07 Oct 2024

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Timeline Subscription Status Objective Financials SWOT FAQ Contacts

IPO Timeline

Saj Hotels IPO Subscription Status

Last Updated: 01 October 2024 6:29 PM by 5Paisa

Saj Hotels IPO is set to open on 27 September 2024 and will close on 1 October 2024. Saj Hotels is a hospitality company that provides a variety of services such as resort lodging, villa rentals and restaurant and bar properties.

The IPO includes a fresh issue of 42.5 lakh shares aggregating ₹27.63 Cr and does not include OFS. The price range is set at ₹65 per share and the lot size is 2000 shares. 

The allotment is scheduled to be finalized on 3 October 2024. It will go public on NSE SME, with a tentative listing date of 7 October 2024.

Corpwis Advisors Private Limited is the book running lead manager, while Satellite Corporate Services Private Limited is the registrar.

Saj Hotels IPO Size

Types Size 
Total IPO Size ₹27.63 Cr
Offer For Sale -
Fresh Issue ₹27.63 Cr

 

Saj Hotels IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 2000 ₹130,000
Retail (Max) 1 2000 ₹130,000
HNI (Min) 2 4000 ₹260,000

 

Saj Hotels IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)
NII (HNI) 2.12 20,18,000 42,88,000 27.87
Retail 8.65 20,18,000 1,74,48,000 113.41
Total 5.46 40,36,001 2,20,44,000 143.29

 

1. For working capital requirements
2. General corporate purposes  
3. Funding Needed for Expanding Existing Resorts

Saj Hotels established in February 1981, operates in the hospitality sector offering a variety of services like resort stays, villa rentals and restaurant and bar options. They focus on providing an enjoyable experience for their guests.

The company has different accommodation choices across various locations, all designed for comfort and convenience. Saj Hotels owns or leases three resort properties. They manage two of these resorts while leasing one to another operator.

The resorts serve as flexible venues for events, including conferences, weddings and social gatherings. Additionally, Saj Hotels has invested 50% in My Own Rooms Private Limited, helping to broaden its offerings in the hospitality industry. As of May 2024, the company employs 144 people across various departments.

Peers

Royale Manor Hotels & Industries Ltd.
Jindal Hotels Ltd.
 

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY24 FY23 FY22
Revenue 14.55 12.82 12.88
EBITDA 6.53  3.22 4.12
PAT 3.45 3.56 1.44
Particulars (in Rs. Crores) FY24 FY23 FY22
Total Assets 98.08 98.93 96.26
Share Capital 11.88  2.38  2.38 
Total Borrowings 2.92 6.14 10.54
Particulars (in Rs. Crores) FY24 FY23 FY22
Net Cash Generated From / (used in) operating activities 4.75  7.67  3.32 
Net Cash Generated From / (used in) investing activities -0.93 -5.98 -4.41 
Net Cash Generated From / (used in) financing activities -3.32  -1.75 0.55 
Net Increase (Decrease) In Cash And Cash Equivalents 0.50  -0.06 -0.53


Strengths

1. Saj Hotels operates in prime destinations, enhancing accessibility and appeal for tourists and business travelers alike. This strategic positioning can lead to higher occupancy rates and revenue.

2. The company offers a range of services including resort accommodations, villa rentals and dining options. This diversity allows Saj Hotels to mitigate risks associated with market fluctuations in a single segment.

3. With a team of seasoned professionals in the hospitality industry, Saj Hotels is well equipped to navigate challenges and implement effective strategies, contributing to sustained growth and innovation.
 

Risks

1. The hospitality industry is highly competitive with numerous players vying for market share. This competition may pressure pricing and occupancy rates, potentially affecting profitability.

2. The company's performance is closely tied to economic conditions. Economic downturns or reduced travel due to unforeseen circumstances (e.g., pandemics) can impact revenue.

3. While community integration can be a strength, it may also pose risks if local sentiments toward tourism and hospitality shift. Negative perceptions or regulations from local communities could affect operations and growth potential.
 

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FAQs

Saj Hotels IPO opens from 27 September to 1 October 2024.

The size of the Saj Hotels IPO is ₹27.63 Cr.

The price of the Saj Hotels IPO is fixed at ₹65 per share. 

To apply for Saj Hotels IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for Saj Hotels IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    

You will receive a mandate notification to block funds in your UPI app.
 

The minimum lot size of Saj Hotels IPO is 2000 shares and the investment required is ₹1,30,000.
 

The share allotment date of Saj Hotels IPO is 3 October 2024.

The Saj Hotels IPO will be listed on 7 October 2024.

Corpwis Advisors Private Limited is the book running lead manager for Saj Hotels IPO.

Saj Hotels plans to utilize the raised capital from the IPO for:

1. For working capital requirements
2. General corporate purposes  
3. Funding Needed for Expanding Existing Resorts