IPO Issue Details
Issue Price / Price Band₹65 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size2,000 Shares per Lot
Total Issue Size42,50,000 shares (aggregating up to ₹27.63 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenFri, 27 Sep 2024
Subscription CloseTue, 01 Oct 2024
Anchor AllotmentThu, 26 Sep 2024
Basis of AllotmentThu, 03 Oct 2024
Initiation of RefundsFri, 04 Oct 2024
Credit of Shares to DematFri, 04 Oct 2024
Listing DateMon, 07 Oct 2024
UPI Mandate Deadline2024-10-01
Application & Investment Details
Retail — Min (1 Lots)₹1,30,000 — 2,000 shares
Retail — Max (13 Lots)₹1,690,000 (13 Lots)
HNI — Min (2 Lots)₹2,60,000 — 4,000 shares
EPS (Pre-IPO)₹3.00
EPS (Post-IPO)₹2.32
P/E Ratio (Pre-IPO)21.7x
P/E Ratio (Post-IPO)27.98x
Net Offer to Public40,36,000 shares (aggregating up to ₹26.23 Cr)
Reserved for Market Maker2,14,000 shares (aggregating up to ₹1.39 Cr)
Pre-IPO Promoter Holding1,18,75,000 shares
Post-IPO Promoter Holding1,61,25,000 shares
About Saj Hotels Ltd.
Incorporated in February 1981, Saj Hotels Limited operates in the hospitality industry, offering a diverse range of services, including traditional resort accommodations, villa rentals, and restaurant and bar properties. The company provides comprehensive services to ensure a memorable experience for our guests.The company offers a range of accommodation options across various destinations, each tailored to provide comfort and convenience.The company owns or leases three resort properties. Two are managed and operated by Saj, while one is leased to others.The resorts are versatile event venues, capable of hosting conferences, weddings, and social events.The company has invested 50% in My Own Rooms Dot In Private Limited, expanding its reach and diversifying its hospitality portfolio.As of May 2024, the company has 144 employees in various departments.Competitive StrengthsThe resort offers breathtaking views of natural beauty, including majestic mountain ranges, lush valleys, and crystal-clear lakes. These vistas inspire wonder and a connection with the Earth's beauty.The hotel offers various amenities such as restaurants, a spa, and wedding facilities. By providing these diverse options, hotels can protect against seasonal fluctuations and create memorable experiences for a broader range of guests.Experienced Management PersonnelEngaging with local communities to cultivate a mutually beneficial relationship.
Objects of the Issue
Saj Hotels Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
Capital Expenditure Requirements towards the Expansion of existing resort properties
2
Funding of working capital requirements of the Company
3
General Corporate Expenses
Shareholding & Lock-in
Pre-IPO Promoter Holding
1,18,75,000 shares
Post-IPO Promoter Holding
1,61,25,000 shares