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Saj Hotels IPO
Price Band
₹
Issue Size
₹27.63 Cr
Lot Size
2,000 shares
Min Investment
₹130,000
GMP
—
Issue Price
₹65.0
Saj Hotels IPO AI Summary
- Saj Hotels IPO is listed on NSE SME in the Hotels & Resorts sector.
- Subscription window: 27 Sep–01 Oct 2024, listing on 07 Oct 2024.
Saj Hotels Limited is a hospitality company with a focus on providing diverse accommodation options and event hosting services. The company has shown positive revenue growth and aims to utilize IPO proceeds for expansion and working capital. Investors should assess their risk appetite and the company's financial health before considering this investment.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Saj Hotels IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 01 Oct 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Saj Hotels IPO Grey Market Premium (GMP) Today
GMP not available yet
Grey Market Premium is updated daily. Check back closer to the listing date.
About the Company
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 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 Personnel Engaging with local communities to cultivate a mutually beneficial relationship.
Company Financials (₹ Cr)
As of 2024-01-31
| 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 |
Key Ratios
EPS
₹3.00
NAV
₹14.61
ROE
19.91%
ROCE
26.36%
RoNW
19.91%
P/B Value
5.86
P/E Ratio
21.7
Market Cap
₹104.81 Cr
PAT Margin
24.23%
Debt/Equity
0.17
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Jindal Hotels Ltd. | 28.81 | 11.97% | 30.4 | 3.43 | 3.43 |
| Royale Manor Hotels & Industries Ltd. | 20.59 | 7.67% | 23.1 | 2.21 | 2.21 |
| Saj Hotels Limited This IPO | 14.61 | 19.91% | 22.41 | 2.9 | 2.9 |
Promoters
Rahul Maganlal Timbadia, Kartik Maganlal Timbadia and Karna Kartik Timbadia
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ 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
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income rose from ₹12.88 Cr in the year ending 31 Mar 2022 to ₹12.82 Cr by 31 Mar 2023, and further increased to ₹14.55 Cr by 31 Mar 2024. This indicates a positive trend in revenue generation over the periods.
Profit Trend
Profit After Tax (PAT) improved from a loss of ₹1.20 Cr in the year ending 31 Mar 2021 to ₹1.44 Cr by 31 Mar 2022, then slightly decreased to ₹3.56 Cr by 31 Mar 2023, and finally reached ₹3.45 Cr by 31 Mar 2024. Though the most recent figure is lower than the previous year's PAT, it is important to note that this is a 9-month figure, not a full year, so isn't directly comparable.
Valuation
Saj Hotels Limited has an implied P/E of 21.7 at the issue price, compared to peers trading at P/E ratios ranging from 22.41 to 30.4.
Grey Market Premium, Explained
The grey market refers to the unofficial trading of shares before they are listed on the stock exchange. It can provide an indication of market sentiment towards an IPO, but it is important to remember that grey market prices can be volatile and do not guarantee actual listing prices.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It is essential to consider the company's financial health and market position before making an investment decision.
Who May Want to Wait
Investors who prefer stable, established companies with a long track record may want to avoid this IPO, especially if they are risk-averse or not comfortable with potential fluctuations in the hospitality sector.
Listing Gains — The Risk
Listing-day gains can be unpredictable. While some IPOs may see a surge in price on their first day, others may not perform as expected. Investors should be aware of the risks involved and consider their investment strategy carefully.
This evaluation is generated from Saj Hotels's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
When does Saj Hotels IPO open and close?
Saj Hotels IPO opens on 27 September 2024 and closes on 01 October 2024.
When does Saj Hotels IPO list on the stock exchange?
Saj Hotels IPO listed on 07 October 2024 at ₹65.0.
What is the lot size for Saj Hotels IPO?
The lot size for Saj Hotels IPO is 2000 shares, requiring a minimum investment of ₹130,000.
What is the issue price of Saj Hotels IPO?
The issue price of Saj Hotels IPO is ₹65.0.
What is the minimum investment required?
The minimum investment required is ₹130,000, which corresponds to a lot size of 2000 shares.
When is the listing date for Saj Hotels?
The listing date for Saj Hotels is 7th October 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the premium at which shares are traded in the grey market before listing.
What are the objects of the issue?
The proceeds from the issue will be used for capital expenditure, working capital requirements, and general corporate expenses.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
27 Sep 2024
Close
01 Oct 2024
Allotment
03 Oct 2024
Listing
07 Oct 2024
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