| IPO Listing At | NSE SME |
| SME IPO Issue Type | Fixed Price Issue |
| Total Issue Size | ₹27.63 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹27.63 Cr |
| Fresh Issue | ₹26.23 Cr |
| Face Value | โน10 Per Equity Share |
| Issue Price | โน65.00 per share |
| Discount | Retail: 0.00 |
| NSE Code | SAJHOTELS |
| Registrar | Satellite Corporate Services Pvt.Ltd. |
| Lead Managers | Corpwis Advisors Pvt.Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 2,000 shares and in multiples thereof
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 Strengths
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (โน Cr.) |
|---|---|---|
| 1 | Capital Expenditure requirements towards expansion of existing resort properties | 17.00 |
| 2 | Funding of working capital requirements of the Company | 4.00 |
| 3 | General Corporate Expenses | 3.33 |
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 98.08 | 98.93 | 96.26 | 32.86 |
| Total Income | 14.55 | 12.82 | 12.88 | 8.12 |
| Profit After Tax | 3.45 | 3.56 | 1.44 | -1.20 |
| NET Worth | 17.34 | 13.17 | 8.91 | 7.54 |
| Reserves and Surplus | 77.22 | 83.25 | 79.77 | 17.49 |
| Total Borrowing | 2.92 | 6.14 | 10.54 | 9.39 |
| Amount in ₹ Crore | ||||
| KPI | Jan 31, 2024 |
|---|---|
| ROE | 19.91% |
| ROCE | 26.36% |
| Debt / Equity | 0.17% |
| RoNW | 19.91% |
| PAT Margin | 24.23% |
| Price to Book Value | 5.86 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (โน) | 3.00 | 2.32 |
| P/E (x) | 21.7 | 27.98 |
| Promoter Holding | 84.12% | 61.94% |
| Market Cap | โน104.81 Cr. | |