Saj Hotels Ltd
Price Range
₹65
Min. Quantity
2,000
Closes on
1 October 2024
Min. investment
₹1,30,000/2,000 Shares
Saj Hotels Ltd IPO Timeline
Saj Hotels Limited was originally incorporated as a Private Limited Company pursuant to Certificate of Incorporation issued by Registrar of Companies, Maharashtra at Bombay dated February 4, 1981 with the name Saj Hotels Private Limited'. The Company was converted from a Private Limited Company to Public Limited Company and the name was changed to Saj Hotels Limited'. A fresh Certificate of Incorporation was issued on November 3, 2023 by the Registrar of Companies, Pune.
| Event | Date |
|---|---|
| Saj Hotels Ltd IPO Opening Date | 27 September 2024 |
| Saj Hotels Ltd IPO Closing Date | 1 October 2024 |
| Basis of Allotment | 3 October 2024 |
| Initiation of Refunds | 4 October 2024 |
| Credit of Shares to Demat | 4 October 2024 |
| Saj Hotels Ltd IPO Listing Date | 7 October 2024 |
Saj Hotels Ltd IPO Details
| Saj Hotels Ltd IPO Date | 27 September 2024 to 1 October 2024 |
| Saj Hotels Ltd IPO Face Value | ₹10 per share |
| Saj Hotels Ltd IPO Price | ₹65 to ₹0 per share |
| Saj Hotels Ltd IPO Lot Size | 2,000 |
| Issue Size | Shares of ₹10 (aggregating up to ₹27.63 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹27.63 Cr) |
| Offer for Sale | - |
| Issue Type | Fixed Price - SME |
| Listing At | NSE - SME |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | Rahul Maganlal Timbadia, Kartik Maganlal Timbadia, Karna Kartik Timbadia |
Saj Hotels Ltd IPO Lot Size
The Saj Hotels Ltd IPO lot size is 2,000 shares. A retail-individual investor can apply for up to 1 lots (2,000 shares or ₹1,30,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 2,000 | ₹1,30,000 |
| Maximum | 1 | 2,000 | ₹1,30,000 |
- Strengths
- Risks
- Opportunities
- 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.
Company Financials
Saj Hotels Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2023 | 39.29 | 10.36 | 2.90 |
| 03-2022 | 35.86 | 9.28 | 2.30 |
| 03-2021 | 32.51 | 5.38 | -0.48 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Capital Expenditure requirements towards expansion of existing resort properties
- Funding of long term working capital requirementw
- General corporate expenses
Saj Hotels Ltd IPO Promoter Holding
| Pre Issue Share Holding | 78.85% |
| Post Issue Share Holding | 58.07% |
Saj Hotels Ltd IPO Subscription Status (Bidding Detail)
The Saj Hotels Ltd IPO is subscribed 5.1694 times on 1 October 2024 05:00:00 PM. The public issue subscribed 0 times in the retail category, 0 times in the QIB category, and 0 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | - | - | - | - | 5.1694 |
Saj Hotels Ltd IPO Prospectus
Saj Hotels Ltd IPO Listing Date
| Listing Date | 7 October 2024 |
| BSE Script | 93184 |
| NSE Symbol | SAJHOTELS |
| Listing In | NSE - SME |
| ISIN | INE00MT01022 |
| IPO Price | ₹65 |
| Face Value | ₹10 |
Company Contact Information
Saj on the Mountains Survey.18Mahabaleshwar Panchgani Road,Satara-412806
Phone: 022 6287 5252/ 022 2620 3434
Email: secretarial@sajresort.in
Website: www.sajresorts.com
Saj Hotels Ltd IPO Registrar
Saj Hotels Ltd IPO Lead Manager(s)
- Corpwis Advisors Pvt Ltd
FAQ
What is the issue size of Saj Hotels Ltd IPO?
I have pre-applied for Saj Hotels Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.