Saj Hotels IPO
IPO Listing Details
- Listing Date
07 Oct 2024
- Listing Price
₹ 55.00
- Listing Change
-15.38%
- Last Traded Price
₹ 51.00
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
IPO Timeline
Saj Hotels IPO Subscription Status
Date | QIB | NII | Retail | TOTAL |
---|---|---|---|---|
27-Sep-24 | - | 0.24 | 1.10 | 0.67 |
30-Sep-24 | - | 0.24 | 2.40 | 1.32 |
01-Oct-24 | - | 2.12 | 8.65 | 5.46 |
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.
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
Contact Information
Saj Hotels
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/
Saj Hotels IPO Register
Satellite Corporate Services Private Limited
Phone: +91-22- 28520461/462
Email: service@satellitecorporate.com
Website: https://www.satellitecorporate.com/ipo-query.php
Saj Hotels IPO Lead Manager
Corpwis Advisors Private Limited
About Saj Hotels IPO
23 Sep 2024