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Saj Hotels Ltd. IPO
IPO Timeline
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27 Sep 2024Bidding Starts
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1 Oct 2024Bidding Ends
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3 Oct 2024Allotment Finalization
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7 Oct 2024Listing
About Saj Hotels Ltd.
Our company is engaged in Hospitality industry. We provide a diverse portfolio of Business-to-Business (B2B), Business-to-Business-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.
We offer a range of accommodation options across various destinations, each tailored to provide comfort and convenience. Our resorts have well-appointed rooms and suites, complemented by a variety of dining venues including restaurants, bars and in-room dining services. Our dedicated team provides personalized concierge assistance, access to rejuvenating spa facilities, and a host of recreational activities to ensure a memorable stay for every visitor.
Our resorts serve as versatile event venues, equipped to host a wide array of gatherings including conferences, weddings, and social events. With comprehensive event planning and management services, we ensure seamless execution and unforgettable experiences for our clients and their guests.
Saj Hotels Ltd. IPO Reservation
| Investors Category | Shares Offered |
|---|---|
| Market Makers | 2,14,000 (9.59%) |
| Non Institutional Investors | 20,18,000 (90.41%) |
| Retail Individual Investors (RIIs) | 20,18,000 (90.41%) |
Saj Hotels Ltd. Financial Information
| Year End | Revenue | PAT | Reserves & Surplus |
|---|---|---|---|
| 31 Mar 2024 | 14.56 Cr | 2.08 Cr | 77.41 Cr |
| 31 Mar 2023 | 10.36 Cr | 2.90 Cr | 11.50 Cr |
| 31 Mar 2022 | 9.28 Cr | 2.43 Cr | 8.60 Cr |
Saj Hotels Ltd. Background
Our Company was originally incorporated as a private limited company under the provisions of the Companies Act, 1956 pursuant to Certificate of Incorporation issued by Registrar of Companies, Maharashtra at Bombay dated February 4, 1981 with the name ‘Saj Hotels Private Limited’ bearing Corporate Identity Number U55101MH1981PTC023814. Our Company is in hospitality sector since the date of incorporation.
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.
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1981Incorporation of our Company and acquisition of Saj Resorts (Now, Saj On the Mountain, Mahabaleshwar)
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2016Acquisition and commencement of resort- Saj by the Lake, Malshej (SBTL)
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2018Lease deed with Mahindra Holidays & Resorts India Limited for the resort- Saj On The Mountains, Mahabaleshwar (SOTM)
Entered into partnership in Coast to Coast Hospitality and Lifestyle LLP
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2020Investment in Perhaps Foods Private Limited (Subsidiary)
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2021Investment in My Own Rooms Dot In Private Limited (50% Associate)
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2023Disinvestment from Perhaps Foods Private Limited (Subsidiary)
Resignation from partnership in Coast to Coast Hospitality and Lifestyle LLP
Excellence Award for Best Value Leisure Product at the BLTM (Business Leisure Travel MICE) Delhi
Entered into ‘Agreement for Grant of permission to manage’ restaurant property located at Goa, with the Tamil Sunrise (proprietorship Kishore David Frederick)
Joint Venture for operation of Saj in the Forest, Pench with Shankar Lal Pradhan and SKS Farms & Hotels Private Limited for commencement of resort operations
Conversion of Company from a Private Limited Company to a Public Limited Company
1. Expansion of existing property
2. Funding of working capital requirements of the Company
3. General Corporate Expenses
| Pricing Details | BSE | NSE |
|---|---|---|
| Issue Price | - | ₹ 65.00 |
| Open | - | ₹ 55.00 |
| Low | - | ₹ 52.25 |
| High | - | ₹ 57.75 |
| Last Trade | - | ₹ 52.45 |
1. Rahul Maganlal Timbadia
2. Kartik Maganlal Timbadia
3. Karna Kartik Timbadia
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 ... Read more
Phone no:26203399
FAQs
When does Saj Hotels Ltd. IPO opens and closes?
Saj Hotels Ltd. IPO opens from 27th September to 1st October 2024.What is the size of Saj Hotels Ltd. IPO?
The size of the Saj Hotels Ltd. IPO is ₹14.51 Cr.What is the minimum investment and lot size required for the Saj Hotels Ltd. IPO?
The minimum investment required is ₹1,30,000 and minimum lot size is 2000 shares.When is Saj Hotels Ltd. IPO listing date?
The Saj Hotels Ltd. IPO will be listed on 7th October 2024.What is the objective of Saj Hotels Ltd. IPO?
1. Expansion of existing property2. Funding of working capital requirements of the Company
3. General Corporate Expenses
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