Saj Hotels Limited IPO
Saj Hotels Limited IPO opens on September 27, 2024, and closes on October 1, 2024. The allotment for the Saj Hotels IPO is expected to be finalized on Thursday, October 3, 2024. Saj Hotels IPO will list on NSE SME with a tentative listing date fixed as Monday, October 7, 2024.
Saj Hotels IPO price is ₹65 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹130,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹260,000.
Saj Hotels IPO is a fixed price issue of Rs 27.63 crores. The issue is entirely a fresh issue of 42.5 lakh shares.
Saj Hotels IPO Details
| IPO Date | September 27, 2024 to October 1, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹65 per share |
| 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 |
| Shareholding pre-issue | 11,875,000 |
| Shareholding post-issue | 16,125,000 |
Saj Hotels IPO Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 2000 | ₹130,000 |
| Retail (Max) | 1 | 2000 | ₹130,000 |
| S-HNI (Min) | 2 | 4000 | ₹260,000 |
Saj Hotels IPO Objectives
The Company proposes to utilize the funds which are being raised towards funding the following objects
- Capital Expenditure Requirements towards the Expansion of existing resort properties
- Funding of working capital requirements of the Company
- General Corporate Expenses
About Saj Hotels Limited
Incorporated in February 1981, Saj Hotels Limited operates in the hospitality sector, providing a variety of services, including resort accommodations, villa rentals, and dining options. The company manages three resort properties, two owned and one leased, all designed to offer comfort and host events like conferences and weddings. Saj Hotels has also invested 50% in My Own Rooms Dot In Private Limited to diversify its portfolio. As of May 2024, the company employs 144 staff members. Key competitive strengths include stunning natural vistas, a range of amenities such as restaurants and a spa, experienced management, and strong community engagement to foster beneficial relationships.
Saj Hotels Limited Financial Information
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 9,808.46 | 9,892.53 | 9,626.45 | 3,286.02 |
| Revenue | 1,455.49 | 1,282.19 | 1,287.90 | 812.14 |
| Profit After Tax | 344.68 | 355.76 | 144.25 | -120.18 |
| Net Worth | 1,734.49 | 1,316.84 | 891.08 | 754.46 |
| Reserves and Surplus | 7,721.70 | 8,325.19 | 7,977.20 | 1,748.59 |
| Total Borrowing | 291.52 | 614.14 | 1,053.54 | 938.51 |
| Amount in ₹ Lakhs |
Saj Hotels IPO Reservation
| Investor Category | Shares Offered |
| Retail Shares Offered | 50% of the Net Issue |
| Other Shares Offered | 50% of the Net Issue |
Saj Hotels IPO Timeline
Saj Hotels IPO opens on September 27, 2024, and closes on October 1, 2024.
| IPO Open Date | Friday, September 27, 2024 |
| IPO Close Date | Tuesday, October 1, 2024 |
| Basis of Allotment | Thursday, October 3, 2024 |
| Initiation of Refunds | Friday, October 4, 2024 |
| A credit of Shares to Demat | Friday, October 4, 2024 |
| Listing Date | Monday, October 7, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 1, 2024 |
