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Saj Hotels Ltd

Hotels & Restaurants

Offer Period :

27th to 1st Oct 2024

Saj Hotels Ltd IPO Details

IPO Date 27th to 1st Oct 2024 Minimum Investment ₹130000 / 1 Lots
Listing Date 2024-10-07 Maximum Investment ₹130000 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹27.63 Crores
Price ₹65 to ₹65 per share Fresh Issue ₹27.63 Crores
Lot Size 1 Lots (2000 Shares) Offer For Sale ₹ 0
Listing At NSE-SME Retail Discount ₹ 0
Employee Discount ₹0 per share    
IPO Date 27th to 1st Oct 2024
Listing Date 2024-10-07
Face Value ₹10 per share
Price ₹65 to ₹65 per share
Lot Size 1 Lots (2000 Shares)
Listing At NSE-SME
Employee Discount ₹0 per share
Minimum Investment ₹130000 / 1 Lots
Maximum Investment ₹130000 / 1 Lots
Total Issue Size ₹27.63 Crores
Fresh Issue ₹27.63 Crores
Offer For Sale
Retail Discount ₹ 0

About Saj Hotels Ltd :

Incorporated in February 1981, Saj Hotels Limited operates in the hospitality sector, offering resort accommodations, villa rentals, and dining experiences. The company owns or leases three resort properties, with two managed in-house and one leased. Its versatile resorts host conferences, weddings, and social events. Saj Hotels holds a 50% stake in My Own Rooms Dot In Private Limited, expanding its portfolio. With 144 employees, the company offers stunning natural views, diverse amenities like restaurants and spas, and experienced management, ensuring memorable guest experiences year-round.

Timeline

Important dates for allocation and IPO listing.

27th Sep

IPO Starts

1st Oct

IPO Ends

3rd Oct

Allotment Date

4th Oct

Initiation of Refund

4th Oct

Credit of Shares to Demat Account

7th Oct

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 84.12 61.94
Public Group 15.88 38.06

Saj Hotels Ltd IPO Reservation

QIB Shares Offered 0(0%)
NII (HNI) Shares Offered 2018000(47.48%)
Retail Shares Offered 2018000(47.48%)
Anchor Investor Shares Offered 0(0%)
Total Shares Offered 4250000
Total Shares With Anchor Investor 4250000

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Saj Hotels Ltd IPO Registrar

Satellite Corporate Services
Phone Number 022-28520461/462
Email Id investorservice@satellitecorporate.com
Our Website

Saj Hotels Ltd IPO Lead Manager

1. Corpwis Advisors Pvt Ltd

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Saj Hotels Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed
Non Institutional Investors 22,32,000 8,44,000 3,015.0
Retail Individual Investors (RIIs) 20,18,000 60,30,000 3,015.0
Total 42,50,001 68,74,000 3,015.0

Strength of Saj Hotels Ltd

1. Experienced Promoters and Management Team.

2. Optimal utilization of resources.

3. Location of resort properties and quality of services provided.

4. Identifying opportunity to develop our resort properties.

5. Increasing revenue by having multiple revenue streams and complementary offerings.

Risks Involved

1. The Company has incurred losses in the one out of the three previous financial years.

2. The Company has had negative cash flow in the past and may continue to have negative cash flows in the future.

3. The Company requires significant amount of working capital for a continued growth. Its inability to meet the company working capital requirements may have an adverse effect on its results of operations, financial condition and cash flows.

4. The Company, promoters of the Company, directors of the Company and its group companies are parties to certain litigation and claims. These legal proceedings are pending at different levels of adjudication before the respective courts and regulatory authorities. Any adverse decision may make it or its promoters/directors or group companies liable to liabilities/penalties and may adversely affect its reputation, business, and financial status.

5. A parcel of land on which one of its resort property is constructed (Saj in the Forest, Pench) is taken on leasehold basis under a Joint Venture arrangement. If the company is unable to comply with the terms of such arrangement, its business, results of operations, financial condition and cash flows may be adversely affected.

6. One of its properties is situated in proximity to the Pench National Park, may be subject to regulatory as well as government restrictions which might adversely affect its business and financial position.

7. The Company has entered into long-term lease deeds with various third parties to receive lease rentals/ license fee for the resort/ restaurant properties. If these agreements are terminated or not renewed, its business, results of operations, financial condition and cash flows may be adversely affected.

8. A portion of its resort bookings originate from online travel agents and intermediaries. In the event such companies continue to gain market share compared to its direct booking channels or the company competitors are able to negotiate more favourable terms with such online travel agents and intermediaries, its business and results of operations may be adversely affected.

9. Certain premises are not owned by it and are held by the company on a leasehold/ rental basis. In the event its lose or are unable to renew such leasehold rights, the company business, results of operations, financial condition and cash flows may be adversely affected.

10. The company has not yet placed orders in relation to the funding Capital expenditure through civil work required for expanding of two of its properties which is proposed to be financed from the net Issue proceeds of the IPO. In the event of any delay in placing the orders, or in the event the vendors are not able to execute the contract in a timely manner, or at all, may result in time and cost over-runs and its business, prospects and results of operations may be adversely affected. Its proposed expansion plans are subject to the risk of unanticipated delays in implementation due to factors including delays in construction and cost overruns.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
  2024 2023 2022
Total Assets 98.08 98.93 96.26
Total Liabilities 98.08 98.93 96.26
Total Expenses 9.99 12.03 10.77
Total Revenue 
14.55 12.82 12.88
Profit After Tax 3.45 3.48 1.32
EBITDA 6.82 7.03 4.17
Adjusted EBITDA 0 0 0

Saj Hotels Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-10-07 93184 SAJHOTELS
INE00MT01022
₹65 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹65 ₹65
Open ₹0 ₹55
Low ₹0 ₹52.25
High ₹0 ₹57.75
Low ₹0 ₹52.25

Frequently Asked Questions

What is Saj Hotels Ltd IPO?

Answer Field

Saj Hotels Ltd IPO is a SME IPO of 42,50,000 equity shares of a face value of ₹10 aggregating up to ₹27.63 Crores. The issue is priced at ₹65 to ₹65 per share. The minimum order quantity is 2000 Shares. The IPO opens on September 27, 2024, and closes on October 01, 2024. Satellite Corporate Services is the registrar for the IPO. The shares are proposed to be listed on NSE-SME.

When Saj Hotels Ltd IPO will open?

Answer Field

The Saj Hotels Ltd IPO opens on September 27, 2024 and closes on October 01, 2024.

What is the lot size of Saj Hotels Ltd?

Answer Field

Saj Hotels Ltd lot size is 2000 shares, and the minimum amount required is ₹1,30,000.

How to apply for Saj Hotels Ltd IPO?

Answer Field

You can apply in Saj Hotels Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• 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.

• Approve the mandate request on your UPI and funds will be blocked.

When is Saj Hotels Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Saj Hotels Ltd IPO will be done on October 03, 2024, and the allotted shares will be credited to your demat account by October 04, 2024.

When is Saj Hotels Ltd IPO listing date?

Answer Field

The Saj Hotels Ltd listing date is October 07, 2024.

Who is the registrar of Saj Hotels Ltd IPO?

Answer Field

The registrar of Saj Hotels Ltd IPO is Satellite Corporate Services

Which company is the book-running lead manager of the IPO?

Answer Field

Corpwis Advisors Pvt Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Saj Hotels Ltd IPO?

Answer Field

The fresh issue size is ₹27.63 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Saj Hotels Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 2000 shares and ₹1,30,000 amount.

How can I approve the UPI mandate request for Saj Hotels Ltd IPO?

Answer Field

To apply for Saj Hotels Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Saj Hotels Ltd?

Answer Field

The price of each Saj Hotels Ltd share will be ranging in between ₹65 to ₹65 per share.

What is the cut-off time for the UPI mandate for Saj Hotels Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, October 01, 2024.

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