Saj Hotels IPO GMP : Saj Hotels IPO GMP is Open on 27 September 2024 and Close on 1 October 2024. Saj Hotels IPO to Raise 4,250,000 shares (Approx ₹27.63 Cr) via IPO. The Fresh issue of 4,250,000 shares (Approx ₹27.63 Cr).
Our company is engaged in Hospitality industry. We provide a diverse portfolio of Business-to-Business (B2B), Business-toBusiness-to-Customer (B2B2C) and Business-to-Customer (B2C) hospitality offerings, spanning from traditional resort accommodation to villa rentals and restaurant and bar properties.
We focus on providing comprehensive services to guests, including food and beverage options, recreational facilities and event hosting capabilities, reflecting a commitment to ensuring a memorable experience for our visitors.
We offer a range of accommodation options across various destinations, each tailored to provide comfort and convenience. Our resorts have well-appointed rooms and suites, complemented by a variety of dining venues including restaurants, bars and in-room dining services. Our dedicated team provides personalized concierge assistance, access to rejuvenating spa facilities, and a host of recreational activities to ensure a memorable stay for every visitor.
Our resorts serve as versatile event venues, equipped to host a wide array of gatherings including conferences, weddings, and social events. With comprehensive event planning and management services, we ensure seamless execution and unforgettable experiences for our clients and their guests.
We are also developing villas named, ‘Saj Villas’ in Goa. These villas have carefully curated range of 2BHK and 4BHK options for guests; whether for family vacations, group gatherings or romantic escapes. The property will also have a swimming pool for enhanced guest experience. Saj Villas provides an ideal lodging solutions tailored to diverse preferences.
Saj Hotels IPO Date & Price Band Details
| IPO Open Date | 27 Sep 2024 |
|---|---|
| IPO Close Date | 1 Oct 2024 |
| IPO Size | 4,250,000 shares (Approx ₹27.63 Cr) |
| Fresh Issue | 4,250,000 shares (Approx ₹27.63 Cr) |
| Lot Size | 2000 Shares |
| IPO Face Value | ₹10 Per Equity Share" |
| IPO Price Band | ₹65 Per Every Share |
| IPO Listing On | NSE SME |
| IPO Retail Quota | 50% |
| IPO QIB Quota | -% |
| IPO NII Quota | 50% |
| DRHP Draft | Click Here |
| Anchor Investor | Click Here |
Saj Hotels IPO Market Lot Details
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 2000 | ₹130,000 |
| Retail Maximum | 1 | 2000 | ₹130,000 |
| S-HNI Minimum | 2 | 4000 | ₹260,000 |
Object of the Issue
- Capital Expenditure requirements towards expansion of existing resort properties
- Funding of working capital requirements of the Company
- General Corporate Expenses
Saj Hotels IPO Allotment & Listings (Details)
| IPO Open Date | 27 Sep 2024 |
|---|---|
| IPO Close Date | 1 Oct 2024 |
| Basis of Allotment | 3 Oct 2024 |
| Refunds | 4 Oct 2024 |
| Credit to Demat Account | 4 Oct 2024 |
| IPO Listing Date | 7 Oct 2024 |
Saj Hotels Financial Reports
| ₹ in Crores | |||
|---|---|---|---|
| Year | Revenue | Expense | PAT |
| 2024 | ₹14.26 | ₹9.99 | ₹3.45 |
| 2023 | ₹12.71 | ₹12.03 | ₹3.48 |
| 2022 | ₹12.83 | ₹10.77 | ₹1.32 |
| 2021 | ₹8.06 | ₹9.26 | ₹1.20 |
Our Company Promoters
- Rahul Maganlal Timbadia
- Kartik Maganlal Timbadia
- Karna Kartik Timbadia
Qualitative Factors
- Experienced Promoters and Management Team.
- Optimal utilization of resources.
- Location of resort properties and quality of services provided.
- Identifying opportunity to develop our resort properties.
- Increasing revenue by having multiple revenue streams and complementary offerings.
Comparison of Accounting Ratios with Peer Group Companies
| Company Name | Face Value | EPS | P/E Ratio | RONW | NAV Per |
|---|---|---|---|---|---|
| Saj Hotels Limited | 10.00 | 3.00 | [.] | 27.02% | 11.09 |
| Peer Group | |||||
| Royale Manor Hotels | 10.00 | 2.11 | 23.1 | 8.05% | 26.95 |
| Jindal Hotels | 10.00 | 2.95 | 37.7 | 12.00% | 28.81 |
Also Read: Thinking Hats Entertainment Solution IPO
Saj Hotels Company Contact Details
Saj on the Mountains, Survey Number 18,
Mahabaleshwar Panchgani Road, Mahabaleshwar, Satara,
Maharashtra – 412806
Contact Number: 022-62875252 / 022-26203434
E-mail: secretarial@sajresort.in
Website: www.sajresort.com
Saj Hotels Lead Manager
Corpwis Advisors Private Limited
G07, Ground Floor, The Summit Business
Park, Andheri Kurla Road, Andheri East,
Mumabi – 400 093
Contact Number: +91-22-49729990/1
E-mail: ipo@corpwis.com
Investor Grievance E-mail: investors@corpwis.com
Website: www.corpwis.com
Saj Hotels IPO Registrar
Satellite Corporate Services Private Limited
106 & 107 Dattani Plaza, Kurla Andheri
Road, Kurla (W), Nr. Safed Poll East West Ind Estate, Mumbai City, MUMBAI, Maharashtra, India400072
Contact Number: +91-22-28520461/462
E-mail: service@satellitecorporate.com
Investor Grievance E-Mail: investorservice@satellitecorporate.com
Website: www.satellitecorporate.com
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