Saj Hotels IPO Details
Saj Hotels IPO Summary
Saj Hotels IPO opens for subscription on 27 Sep 2024 and closes on 01 Oct 2024.The IPO will be listed on NSE with the tentative listing date set for 07 Oct 2024.
Saj Hotels IPO price band has been fixed at ₹65 – ₹65 per share. The face value is ₹10 per share with a lot size of 2000.
Saj Hotels IPO total issue size comprises 42,50,000 shares (aggregating up to ₹27.63 Cr). This includes a fresh issue of 42,50,000 shares (aggregating up to ₹27.63 Cr). Pre-issue shareholding stands at 1,18,75,000, which will increase to 1,61,25,000 post-issue.
Saj Hotels IPO carries a ₹0 (0%) GMP, reflecting investor sentiment.
Saj Hotels IPO Lot Size :Retail Minimum is 1 lot (2,000 shares) amounting to ₹130,000. Retail Maximum is 1 lot (2,000 shares) amounting to ₹130,000. HNI Minimum is 2 lots (4,000 shares) amounting to ₹260,000.
The Lead Managers for Saj Hotels IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Corpwis Advisors Pvt Ltd. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For SME (Small and Medium-sized Enterprise) IPOs, a Market Maker is appointed to ensure liquidity and stability for the stock once it is listed. They do this by continuously quoting bid and ask prices, ensuring there is a market for the shares. The appointed market maker for this IPO is NNM Securities Pvt Ltd. You can analyze their track record by checking the Market Maker Performance Summary report.
For detailed information, Refer to the Saj Hotels Limited RHP.
Saj Hotels IPO Details
Saj Hotels IPO Subscription
Saj Hotels IPO Application Wise Breakup
Saj Hotels IPO Dates
- 27 Sep 2024Opening dateOpen
- 01 Oct 2024Closing dateClose
- 03 Oct 2024Allotment Date Allotment
- 04 Oct 2024Initiation of RefundsRefund
- 04 Oct 2024Credit of SharesCredit
- 07 Oct 2024Listing dateListing
Saj Hotels IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 2000 | ₹130,000 |
| Retail Maximum | 1 | 2000 | ₹130,000 |
| HNI Minimum | 2 | 4000 | ₹260,000 |
Saj Hotels IPO Reservation
Promoter Holding
Documents
Saj Hotels IPO Valuations
Saj Hotels Financial Information
| Period Ended | 31 Jan 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 | ||||||||||||||||||||||||||||||||||||
| Assets | 9,813.36 | 9,892.53 | 9,626.45 | 3,286.02 | ||||||||||||||||||||||||||||||||||||
| Revenue | 1,224.42 | 1,282.19 | 1,287.9 | 812.14 | ||||||||||||||||||||||||||||||||||||
| Profit After Tax | 312.15 | 355.76 | 144.25 | -120.18 | ||||||||||||||||||||||||||||||||||||
| Net Worth | 1,688.26 | 1,316.84 | 891.08 | 754.46 | ||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 7,687.34 | 8,325.19 | 7,977.2 | 1,748.59 | ||||||||||||||||||||||||||||||||||||
| Total Borrowing | 211.55 | 614.14 | 1,053.54 | 938.51 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||||||||||||
About Saj Hotels IPO
Incorporated in February 1981, Saj Hotels Limited operates in the hospitality industry, offering a diverse range of services, including traditional resort accommodations, villa rentals, and restaurant and bar properties. The company provides comprehensive services to ensure a memorable experience for our guests.
The company offers a range of accommodation options across various destinations, each tailored to provide comfort and convenience.
The company owns or leases three resort properties. Two are managed and operated by Saj, while one is leased to others.
The resorts are versatile event venues, capable of hosting conferences, weddings, and social events.
The company has invested 50% in My Own Rooms Dot In Private Limited, expanding its reach and diversifying its hospitality portfolio.
As of May 2024, the company has 144 employees in various departments.
Competitive Strengths
- The resort offers breathtaking views of natural beauty, including majestic mountain ranges, lush valleys, and crystal-clear lakes. These vistas inspire wonder and a connection with the Earth's beauty.
- The hotel offers various amenities such as restaurants, a spa, and wedding facilities. By providing these diverse options, hotels can protect against seasonal fluctuations and create memorable experiences for a broader range of guests.
- Experienced Management Personnel
- Engaging with local communities to cultivate a mutually beneficial relationship.
Strength Of Saj Hotels IPO
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.
Risk Of Saj Hotels IPO
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. 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.
7. Certain premises are not owned by it and are held by the company on a leasehold/ rental basis. In the event the company lose or are unable to renew such leasehold rights, its business, results of operations, financial condition and cash flows may be adversely affected.
8. 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.
9. Its inability to protect or use the company intellectual property rights may adversely affect its business.
10. Its business requires the company to obtain and renew certain registrations, licenses and permits from government and regulatory authorities and the failures to obtain and renew them in a timely manner may adversely affect the operations of its business.
Objectives Saj Hotels IPO
- Capital Expenditure Requirements towards the Expansion of existing resort properties
- Funding of working capital requirements of the Company
- General Corporate Expenses
Company Contact Details
Saj Hotels Limited
Saj on the Mountains, Survey number 18,
Mahabaleshwar Panchgani Road,
Mahabaleshwar, Satara,? 412806
Phone: 022-62875252
Email: secretarial@sajresort.in
Website: https://www.sajresort.com/
Registrar Contact Details
Saj Hotels FAQs
The Saj Hotels IPO is a SME public issue comprising 4250000 equity shares with a face value of ₹10 each, aggregating to a total issue size of ₹27.63 Cr. The issue price has been fixed at ₹65 per equity share, and the minimum application size is 2000 shares.
The IPO opens for subscription on 27 Sep 2024, and closes on 01 Oct 2024.
Satellite Corporate Services Pvt Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the NSE
As of now, the current GMP stands at ₹0 (0%).
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