Admin
24 September 2024

Saj Hotels Limited IPO, GMP, Details, Price, And 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.

Saj Hotels IPO Overview:

● Issue Type: Fixed Price Issue
● Total Issue Size: ₹27.63 crores
● Fresh Issue: 42.5 lakh shares

Important Dates

● Opening Date: September 27, 2024
● Closing Date: October 1, 2024

Pricing Details

● Issue Price: ₹65 per share
● Minimum Lot Size: 2,000 shares

Key Participants

● Book Running Lead Manager: Corpwis Advisors Private Limited
● Registrar: Satellite Corporate Services Private Limited
● Market Maker: Nnm Securities

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

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 IPO Overview

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 IPO Timeline (Tentative Schedule)

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 Lot Size

Application	Lots	Shares	Amount
Retail (Min)	1	2000	₹130,000
Retail (Max)	1	2000	₹130,000
HNI (Min)	2	4,000	₹260,000

Saj Hotels Limited 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 Promoter Holding

Share Holding Pre Issue	84.12%
Share Holding Post Issue	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.

Saj Hotels Limited Financial Information (Restated Consolidated)

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

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	27.98

Objectives of Saj Hotels IPO

The Company proposes to use the raised funds towards the following objectives:

1. To meet the requirements of Working Capital.

2. General Corporate Purposes.

3. Capital expenditure needs for existing resort properties expansion.

Saj Hotels IPO Review

It will be updated soon.

FAQs for Saj Hotels IPO

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.
What is the Allotment date for Saj Hotels Limited IPO?

October 3, 2024, is the allotment date for Saj Hotels Limited IPO.
What is the listing date for the Saj Hotels Limited IPO?

October 7, 2024, is the listing date for Saj Hotels Limited. The IPO will be listed on the NSE.
What is Saj Hotels Limited current GMP?

The current GMP of Saj Hotels Limited is ---.