Saj Hotels Ltd IPO
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Saj Hotels Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 42.5 L | TBA | ₹ 20.18 L | ₹ 99.9 L | NSE | TBA |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 27 Sep, 24 | 01 Oct, 24 | 2000 | TBA | Fixed Price - SME | 07 Oct, 24 |
Saj Hotels Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Hotels |
| Sub Sector | NA |
| Issue Type | Fixed Price - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 0x | 0 | 308000 |
| NII | 2.08x | 2018000 | 4194000 |
| Retail | 8.66x | 2018000 | 17468000 |
| Employee | 0x | 0 | 0 |
| Total | 5.17x | 4250000 | 21970000 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Saj Hotels Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 12.71 | 8.06 | TBA |
| EBITDA | 6.00 | 1.81 | TBA |
| PAT | 2.90 | -0.48 | TBA |
| Total Assets | 3.31 | 2.58 | TBA |
| Share Capital | 2.38 | 2.38 | TBA |
| Total Borrowings | 3.86 | 4.38 | TBA |
| Operating Activities (Net Cash) | 3.98 | 0.63 | TBA |
| Investing Activities (Net Cash) | -0.60 | 0.32 | TBA |
| Financing Activities (Net Cash) | 3.86 | 4.38 | TBA |
| Net Cashflow | 0.10 | 0.60 | TBA |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Saj Hotels Ltd
Saj Hotels Limited was, originally, incorporated as a private limited company under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated February 4, 1981 bearing Corporate Identity no. U55101PN1981PTC023814 issued by Registrar of Companies, Maharashtra at Bombay. Subsequently our Company was converted from a private limited company to Public Limited Company pursuant to Special Resolution passed at the Extra-ordinary General Meeting by the shareholders of the Company on October 5, 2023 and the name of our Company was changed to `Saj Hotels Limited'. A fresh certificate of incorporation consequent to conversion was issued on November 3, 2023 by the Registrar of Companies, Pune bearing Corporate Identity Number U55101PN1981PLC023814.
It is widely acknowledged that the tourist and hospitality sector, which encompasses travel and hospitality services like resorts and restaurants, is a development agent, a catalyst for socioeconomic growth, and a significant source of foreign exchange gains in many countries. The consistent efforts of the central and state governments have helped the tourism industry to recover from the Covid-19 pandemic shock and operate at the pre-pandemic level. The Indian hotel market including domestic, inbound and outbound was estimated at ~US$ 32 billion in FY20 and is expected to reach ~US$ 52 billion by FY27. As per the Ministry of Tourism, Foreign Tourist Arrivals (FTAs) in March 2023 were 795,827 as compared to 342,308 in March 2022 and 978,236 in March 2019 registering a growth of 132.5% and -18.6% with respect to 2023 and 2019 respectively.
Our company is engaged in Hospitality industry. We provide a diverse portfolio of Business-to-Business (B2B), Business-toBusiness-to-Customer (B2B2C) and Business-to-Customer (B2C) hospitality offerings, spanning from traditional resort accommodation to villa rentals and restaurant and bar properties. We focus on providing comprehensive services to guests, including food and beverage options, recreational facilities and event hosting capabilities, reflecting a commitment to ensuring a memorable experience for our visitors.
Peer Comparison:
- Royale Manor Hotels & Industries Ltd
- Jindal Hotels Ltd
Saj Hotels Ltd IPO Key Points
Strengths
- 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.
Risk
- The Company has incurred losses in the one out of the three previous financial years.
- The Company has had negative cash flow in the past and may continue to have negative cash flows in the future.
- The Company requires significant amount of working capital for a continued growth. Its inability to meet the company working capital requirements may have an adverse effect on its results of operations, financial condition and cash flows.
Strategy
- Brand Expansion.
- Sustainable Architecture.
- Marketing Engagement.
- Dynamic Pricing Structure.
- Commitment to Quality Assurance.
- 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.
How To Apply for Saj Hotels Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.