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Saj Hotels IPO
Saj Hotels Ltd
₹1,30,000 /2000 sharesMinimum Investment
Saj Hotels IPO Listing Details
| Listed On | Issue Price | Listing Price | Listing Gains |
|---|---|---|---|
| -- | ₹65.00 | ₹55.00 | -₹10.00 (15.38%) |
Saj Hotels IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 27 Sep ‘24 - 1 Oct ‘24 | ₹1,30,000 | 2,000 | ₹65 - ₹65 |
| Issue Size | IPO Doc |
|---|---|
| 27.63Cr | RHP PDF |
Subscription rate
As of 01 Oct'24, 05:00 PM
| Qualified Institutional Buyers | 0.00x |
| Non-Institutional Investor | 0.00x |
| Retail Individual Investor | 0.00x |
| Total | 4.53x |
About Saj Hotels
Founded in
1981
Managing director
Mr. Karna Kartik Timbadia
Parent organisation
Saj Hotels Ltd
Strengths & Financials of Saj Hotels
Strengths
Risks
In addition to standard room bookings, Saj Hotels generates revenue from a range of services, including restaurants, spas, and event hosting for weddings and conferences.
Alongside its resorts and villas, the company expanded its offerings in 2023 by leasing a restaurant and bar property through a lease and licence agreement.
Saj Hotels has also diversified its business by acquiring a 50% stake in My Own Rooms Dot In Private Limited.
The company incurred a loss of Rs 1.20 crore in FY21.
The company has experienced negative cash flows in the past. A repeat of the same could hurt its business.
The company, group companies, and directors are involved in certain legal proceedings. Any adverse judgments in any of these cases could be detrimental to the company’s business prospects.
One of Saj Hotels' resort properties, Saj in the Forest, Pench, is built on leased land under a joint venture agreement. Any failure to meet the terms of this agreement could negatively impact the company’s business operations.
The company has contingent liabilities of Rs 36.28 crore, which have not been provided for in the restated financial statements. Any inability to service or repay these liabilities on time could be harmful to the company’s business operations.
Saj Hotels Financials
*All values are in Rs. Cr
No Graph Data To Display
Application Details of Saj Hotels IPO
| Apply as | Price band | Apply Range |
|---|---|---|
| Regular | ₹65 - 65 | ₹2 - 5 Lakh |
| High Networth Individual | ₹65 - 65 | ₹2 - 5 Lakh |
For Saj Hotels IPO, eligible investors can apply as Regular.