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Saj Hotels Limited IPO, GMP, Details, Price, Review
Engaged in the hospitality industry, Saj Hotels Limited provides a diverse portfolio of Business-to-Business (B2B), Business-to-business-to-customer (B2B2C) and Business-to-Customer (B2C) hospitality offerings. These offerings span from the traditional resort accommodation to the villa rentals and many restaurant and bar properties. The comprehensive services provided by Saj Hotels are dedicated to ensuring a memorable visitor experience. Some services included are,
- •Food and beverage choices
- •Recreational facilities
- •Event-hosting capability
Saj Hotels also offers a range of accommodation options across varied destinations, each of which offers convenience and comfort. Further, the resorts provide well-appointed suites and rooms, complemented by varied dining venues, including bars, restaurants and in-room dining services. As for their dedicated team, they offer personalized concierge assistance, host recreational activities and provide access to the rejuvenating spa facilities to ensure a memorable stay for all visitors.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Saj Hotels Limited IPO, GMP, Details, Price, Review GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Saj Hotels Limited IPO, GMP, Details, Price, Review Details
| Detail | Description |
|---|---|
| IPO Date | September 27, 2024 to October 1, 2024 |
| Listing Date | - |
| Face Value | ₹10 per share |
| Price Band | ₹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 |
| Market Maker portion | 214,000 shares Nnm Securities |
Saj Hotels Limited IPO, GMP, Details, Price, Review Timeline
| Detail | Description |
|---|---|
| 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 |
| 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 |
Saj Hotels Limited IPO, GMP, Details, Price, Review 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 Limited IPO, GMP, Details, Price, Review Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 84.12% | 61.94% |
Company & Financials
Saj Hotels Limited was incorporated in February 1981. Operating in the hospitality industry, it offers diverse services, including restaurant and bar properties, villa rentals and traditional resort accommodations. Further, Saj Hotels offers comprehensive services that ensure that guests have a memorable experience. It even provides various accommodation choices in varied destinations, wherein each is tailored to offer convenience and comfort.
Saj Hotels Limited owns/leases 3 resort properties. While 2 of them are managed as well as operated by Saj, the other 1 has been leased to others. Each of the resorts is a versatile venue for events. They are capable of hosting conferences, social events and weddings.
As an investor, Saj Hotels has a holding in My Own Rooms Dot In Private Limited. With it, it’s trying to expand its reach, thereby diversifying its hospitality portfolio.
- Competitive Strength:
- • Breathtaking views of the natural beauty offered by resorts. From the lush valleys to the majestic mountain ranges and the crystal-clear lakes, all around, these vistas inspire wonder while showing the connection with the beauty of Earth.
- •Varied amenities are offered by the hotel. It includes wedding, spa and restaurant facilities. By continuing to provide such diverse options, the hotel doesn’t just remain protected against the seasonal fluctuations but even continues to create memorable experiences for a broad range of guests.
- • Experienced Personnel in the Management team.
- •Engagement with the local communities, thereby cultivating relationships that are mutually beneficial.
Competitive Strength:
- -
Saj Hotels Limited IPO, GMP, Details, Price, Review Financial Information
| Period Ended | Assets | Total Income | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing | ||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2024 | 9,808.46 | 1,455.49 | 344.68 | 1,734.49 | - | 291.52 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 9,892.53 | 1,282.19 | 355.76 | 1,316.84 | - | 614.14 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2022 | 9,626.45 | 1,287.90 | 1,287.90 | 891.08 | - | 1,053.54 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2021 | 3,286.02 | 812.14 | -120.18 | 754.46 | - | 938.51 | ||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 19.91% |
| ROCE | 26.36% |
| Debt/Equity | 0.17 |
| RoNW | 19.91% |
| P/BV | 5.86 |
| PAT Margin (%) | 24.23 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 3 | 2.32 |
| P/E (x) | 21.7 | 21.7 |
Objectives of Saj Hotels IPO
The Company proposes to use the raised funds towards the following objectives:
- • To meet the requirements of Working Capital.
- • General Corporate Purposes.
- • Capital expenditure needs for existing resort properties expansion.
RHP:
View RHPDRHP:
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Frequently Asked Questions (FAQs)
-
Which IPO is being launched by Saj Hotels Limited?
The company is launching an SME IPO that will be listed on the NSE. It is expected to raise ₹27.63 Crores through the issue that’s priced at ₹65 per equity share.
-
When does the subscription for Saj Hotels Limited IPO open?
The subscription for the QIB, NII, and Retail Investors opens on September 27, 2024, and closes on October 1, 2024.
-
What is Saj Hotels Limited IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
-
What is the issue size of Saj Hotels Limited IPO?
₹27.63 Crores is Saj Hotels Limited’s IPO issue size.
-
What is the Price Band for Saj Hotels Limited IPO?
₹65 is the Price Band for Saj Hotels Limited IPO.
-
What is the lot size of Saj Hotels Limited IPO?
2000 Shares with ₹130,000 amount is the lot size.
