October 7, 2024
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Saj Hotels IPO GMP grey market premium, review, Subscription, allotment, listing estimate @
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Saj Hotels listing Review
On 7th October 2024, the scrip is listed at Rs. 55, discount of 15.38% over the issue price.
Saj Hotels IPO allotment Link
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Subscription status of Saj Hotels IPO
Will update once the IPO opens for subscription
What is the business of Saj Hotels?
Saj Hotels Limited: Your Premier Destination in Hospitality
Incorporated in February 1981, Saj Hotels Limited is a leader in the hospitality industry, offering a wide array of services that include traditional resort accommodations, villa rentals, and vibrant restaurant and bar experiences. Its mission is to provide exceptional services that ensure every guest enjoys a memorable stay.
It offers a diverse selection of accommodation options across various stunning destinations, all designed for maximum comfort and convenience. Its portfolio includes three resort properties: two managed and operated by Saj Hotels, while one is leased to trusted partners.
Its resorts serve as versatile event venues, ideal for hosting conferences, weddings, and social gatherings, making them perfect for both leisure and business travelers.
In a strategic move to expand its reach and diversify its offerings, Saj Hotels Limited has invested 50% in My Own Rooms Dot In Private Limited. This partnership enhances its ability to provide unique hospitality experiences to its guests.
As of May 2024, its dedicated team consists of 144 employees across various departments, all committed to delivering outstanding service and ensuring guest satisfaction.
Get more information about the company @ : https://www.sajresort.com/
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Saj Hotels IPO Details |
|
| IPO opens on | 27 September 2024 |
| IPO closes on | 1 October 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 42,50,000 Shares / Rs 27.63 Crore |
| * Fresh Issue | 42,50,000 Shares / Rs 27.63 Crore |
| * Offer for Sale – | – shares / Rs. – crore |
| Market Maker Portion | 214000 Shares |
| Net offer to Public | 4036,000 Shares/ Rs.26.23 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs.65 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 2000 Shares |
| Listing will at | NSE SME |
Shares offered in IPO |
||
| Shares | Rs. (Crore) | |
| QIB (0%) | – | – |
| NII (50%) | 20,18,000 | 13.11 |
| RII (50%) | 20,18,000 | 13.12 |
| Total Shares | 40.36,000 | 26.23 |
| Retail portion will be oversubscribed by |
1009 | |
| Forms | ||
| How much Shares to Apply in this IPO? | ||
| Min Retail Application | 2000 Shares | Rs.130000 |
| Min HNI Application | 4000 Shares | Rs.260000 |
Who are the Promoters of Saj Hotels IPO?
The promoters of the company are Rahul Maganlal Timbadia, Kartik Maganlal Timbadia and Karna Kartik Timbadia
What are the Objects of Saj Hotels IPO?
The Offer comprises of fresh issue of shares.
The Company proposes to utilize the funds which are being raised towards funding the following objects
- Capital Expenditure Requirements towards the Expansion of existing resort properties
- Funding of working capital requirements of the Company
- General Corporate Expenses
Tentative timetable |
|
| IPO opens on | 27 September 2024 |
| IPO Closes on | 1 October 2024 |
| IPO Allotment on | 3 October 2024 |
| Refund Initiation | 4 October 2024 |
| Credit of Shares | 4 October 2024 |
| Listing on | 7 October 2024 |
| Registered Office of the Company Saj Hotels Limited Saj on the Mountains, Survey number 18, Mahabaleshwar Panchgani Road, Mahabaleshwar, Satara,� 412806 |
| Who is the Lead Manager of this IPO? Corpwis Advisors Private Limited |
|
Who is the Registrar to IPO? Satellite Corporate Services Private Limited |
Saj Hotels IPO GMP grey market premium, review, Subscription, allotment, listing estimate
Saj Hotels IPO Financial & Analytical Ratios |
||||
| Year | Total Income |
Net Profit |
EPS | RoNW |
| Rs.in Crore | Rs.in Crore | Rs. | % | |
| 2021-22 | 12.88 | 1.44 | 1.21 | 16.19 |
| 2022-23 | 12.82 | 3.56 | 3.00 | 27.02 |
| 2023-24 10M | 12.24 | 3.12 | 2.63 | 18.49 |
| Book Value of the Share on 31.03.2024 |
Rs | – | ||
| BV of the Share at cap price after IPO |
Rs. | |||
| Offer Price/upper band | Rs. | 65 | ||
IPO
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| Price/EPS of 23-24 | ? |
| Price/BV Ratio | ? |
| Price/BV after IPO | |
How Saj Hotels IPO compares with the Peers?
| As on date of RHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Crore | |||
| Saj Hotels | ? | ||
| Royale Manor | 23.10 | ||
| Jindal Hotels | 37.70 | ||
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Saj Hotels IPO Review
Incorporated in February 1981, Saj Hotels Limited is a leader in the hospitality industry, offering a wide array of services that include traditional resort accommodations, villa rentals, and vibrant restaurant and bar experiences. Its mission is to provide exceptional services that ensure every guest enjoys a memorable stay.
Size: Net size of the IPO is Rs.27.63 crore, comprising of 42,50,000 shares. IPO size is not very large considering the recent trends. However due to large number of IPOs opening now, huge oversubscription may not be possible
Financial Snapshot: The company has good profitability.
+ from fundamental angle: May Apply
+ from grey market angle: ?
Quicklinks
Saj Hotels IPO GMP today allotment, review?
Saj Hotels IPO GMP grey market premium
Saj Hotels IPO FAQs
What is Saj Hotels IPO?
This is a SME IPO of 42,50,000 equity shares of the face value of Rs. 10 aggregating up to Rs.? Crores. The issue is priced at Rs.? per share. The minimum order quantity is ? Shares.
When will Saj Hotels IPO subscription open?
Saj Hotels IPO opens on September ?, 2024, and closes on September ?, 2024.
What is the lot size of Saj Hotels IPO?
Saj Hotels IPO lot size is ? Shares, and the minimum amount required is Rs.?
How to apply for Saj Hotels IPO?
You can apply in Saj Hotels IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is Saj Hotels IPO allotment?
The finalization of Basis of Allotment for Saj Hotels IPO will be done on October ?, 2024, and the allotted shares will be credited to your demat account by October ?, 2024.
When is Saj Hotels IPO listing date?
Saj Hotels IPO listing date is October ?, 2024.
