Saj Hotels Limited
IPO Details
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Saj Hotels Limited's has transitioned to a publicly listed entity following its IPO debut on Oct 07, 2024 at the NSE exchange. The public offering successfully raised 42,50,000 Shares, consisting of 42,50,000 Sharesin new capital.
The IPO featured a competitive price range of ₹65 to ₹65 and minimum application size of 2000 shares. Market reception was evidenced through subscription activity between Sep 27, 2024 and Oct 01, 2024, reflecting investor appetite for the offering.
Allotment of shares was completed on Oct 04, 2024, distributing equity to successful applicants. The listing marked the beginning of the company's journey as a publicly traded corporation, subject to market dynamics and regulatory oversight.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Saj Hotels Limited, incorporated in February 1981, is engaged in the hospitality sector, offering resort accommodations, villa rentals, restaurants, and bar services. The company owns or leases three resort properties, of which two are owned and directly operated, and one is leased to a third party. Saj Hotels caters to a diverse customer base and also provides event spaces for conferences, weddings, and social gatherings. To expand its offerings within the travel and hospitality ecosystem, the company holds a 50% stake in My Own Rooms Dot In Private Limited. As of May 2024, Saj Hotels employs 144 people across various departments.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Strong Leadership: Saj Hotels is led by an experienced team that plays a key role in the company's success in the hospitality industry.
- Smart Resource Use: The company makes the best use of its resources to run efficiently and boost profitability.
- Great Locations & Excellent Service: Saj Hotels' resorts are in prime locations, offering top-quality services that keep guests happy and attract a wide range of visitors.
- Unsteady Profits: The company faced losses in one of the last three years, which could mean its finances aren’t always stable.
- Cash Flow Struggles: The company has had negative cash flow in the past, which might make it hard to manage day-to-day expenses and future growth.
- High Financial Needs: The company needs a lot of working capital to grow, and if it can't secure enough, its operations and cash flow could be affected.
- Rahul Maganlal Timbadia
- Kartik Maganlal Timbadia
- Karna Kartik Timbadia
Saj Hotels Limited
Satellite Corporate Services Private Limited