Saj Hotels Limited IPO subscribed 0.65 times on the first bidding day. Check the GMP & Allotment
Saj Hotels Limited operates in the hospitality sector, offering resort accommodations, villa rentals, and restaurant/bar services. The company owns or leases three resorts—two managed by Saj and one leased out. These resorts also serve as venues for events like weddings and conferences. Saj Hotels has a 50% stake in My Own Rooms Dot In Private Limited to expand its portfolio. As of May 2024, the company employs 144 staff members.
Saj Hotels Ltd Other Details
| Event/Detail | Information |
|---|
| Open Date | 01 Oct, 2024 |
| Close Date | 03 Oct, 2024 |
| Allotment Date | 07 Oct, 2024 |
| Listing Date | 27 Sep, 2024 |
| Issue Price | ₹65 per equity share |
| Face Value | ₹10 per equity share |
| Listing at | NSE SME |
| Registrar | Satellite Corporate Services Pvt Ltd |
| Market Lot | 2000 Shares (₹130,000/-) |
| Issue Size | 4,250,000 shares (₹27.63 Cr) |
| Retail Portion | 50% |
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹130,000 |
| Retail (Max) | 1 | 2,000 | ₹130,000 |
| HNI (Min) | 2 | 4,000 | ₹260,000 |
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | – |
| Market Maker Shares Offered | 2,14,000 (5.04%) |
| Other Shares Offered | 20,18,000 (47.48%) |
| Retail Shares Offered | 20,18,000 (47.48%) |
| Total Shares Offered | 42,50,001 (100%) |
Saj Hotels Ltd Financials
All amounts in Lakhs
| Category | 31-Mar-24 | 31-Mar-23 | 31-Mar-22 |
|---|---|---|---|
| Assets | 9,808.46 | 9,892.53 | 9,626.45 |
| Revenue | 1,455.49 | 1,282.19 | 1,287.90 |
| Profit After Tax | 344.68 | 355.76 | 144.25 |
| Metric | Value |
|---|---|
| EPS Pre IPO | ₹3.0 |
| EPS Post IPO | ₹2.32 |
| P/E Pre IPO | 21.7 |
| P/E Post IPO | 27.98 |
| RoNW | 19.91% |
Saj Hotels Ltd Promoters
- Rahul Maganlal Timbadia
- Kartik Maganlal Timbadia
- Karna Kartik Timbadia
Pre Issue Share Holding: 84.12%
Post Issue Share Holding: 61.94%
Issue Objectives
- For expansion of existing resort properties
- Working capital expenses
- General Corporate Expenses
Saj Hotels Ltd IPO Gmp Today
As per the current date and data , the GMP of the IPO is Nil (0).
Note: The GMP fluctuates on the basis of market demand.
Disclaimer:
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