Saj Hotels Limited (NSE SME)
September 27, 2024 – October 1, 2024
| Price | ₹65 - ₹65 |
| Premium | ₹0 |
|---|---|
| Lot size | 2000 |
| Allotment | Oct 4, 2024 |
| Listing | Oct 7, 2024 |
Saj on the Mountains, Survey number 18,
Mahabaleshwar Panchgani Road,
Mahabaleshwar, Satara,� 412806
Phone: 022-62875252
Email: secretarial@sajresort.in
Website: https://www.sajresort.com/
Last updated on 01-Oct-2024 18:33:02
| Category | Offered | Applied | Times |
|---|---|---|---|
| NIB | 2018000 | 4502000 | 2.23 |
| RETAIL | 2018000 | 17468000 | 8.66 |
| Total | 4036000 | 21970000 | 5.44 |
| Retail Apps | 8734 | © IPO Premium | |
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹0.19 | @8% ₹0.22 | @9% ₹0.25 | @10% ₹0.28 | @11% ₹0.31 | @12% ₹0.33 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 2000 | 130000 | 1009 |
| HNI | 2 | 4000 | 260000 | 1009 |
IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| Retail | 47.5% | 2018000 |
| Other | 47.4% | 2018000 |
| Market Maker | 5.0% | 214000 |
| Total No. of Shares | 100.0% | 4250000 |
Saj Hotels IPO Details
| Issue Size | 4,250,000 shares (aggregating up to ₹27.63 Cr) |
| Fresh Issue | 4,250,000 shares (aggregating up to ₹27.63 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 11,875,000 |
| Share holding post issue | 16,125,000 |
| Market Maker portion | 214,000 shares Nnm Securities |
Key Performance Indicator
| KPI | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| ROE | 19.91% | 26.43% | 14.82% |
| ROCE | 26.36% | 34.64% | 28.64% |
| RONW | 19.91% | 26.43% | -15.93% |
| D/E | 0.17 | 0.47 | 1.18 |
| EPS (Diluted) | 2.9 | 3.00 | 1.21 |
| P/E Pre IPO | 21.7 | ||
| P/E Post IPO | 27.98 |
Company Financials
Saj Hotels Limited Financial Information (Restated Consolidated)
Saj Hotels Limited's revenue increased by 13.52% and profit after tax (PAT) dropped by -3.11% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|
| Assets | 9,808.46 | 9,892.53 | 9,626.45 | 3,286.02 |
| Revenue | 1,455.49 | 1,282.19 | 1,287.90 | 812.14 |
| Profit | 344.68 | 355.76 | 144.25 | -120.18 |
| Net Worth | 1,734.49 | 1,316.84 | 891.08 | 754.46 |
| Reserves | 7,721.70 | 8,325.19 | 7,977.20 | 1,748.59 |
| Borrowing | 291.52 | 614.14 | 1,053.54 | 938.51 |
| Amount in ₹ Lakhs | ||||
About Company
Incorporated in February 1981, Saj Hotels Limited operates in the hospitality industry, offering a wide array of services, including resort accommodations, villa rentals, and restaurant and bar experiences. The company owns or leases three resort properties—two of which are directly managed and operated, while one is leased to a third party. Saj Hotels caters to a diverse clientele by providing comfortable and convenient accommodations across various destinations and offering versatile venues for events such as conferences, weddings, and social gatherings. In its efforts to diversify, the company has invested 50% in My Own Rooms Dot In Private Limited, expanding its portfolio in the hospitality sector. As of May 2024, Saj Hotels employs 144 individuals across different departments, reinforcing its commitment to delivering memorable guest experiences.
Strength
Experienced Leadership: Saj Hotels benefits from a seasoned team of promoters and management, driving the company's success in the hospitality industry.
Resource Efficiency: The company ensures optimal utilization of its resources, maximizing operational efficiency and profitability.
Prime Locations and High-Quality Services: Saj Hotels' resort properties are strategically located, offering top-tier services that enhance guest satisfaction and attract diverse clientele.
Weakness
Inconsistent Profitability: The company has incurred losses in one of the past three financial years, indicating potential financial instability.
Negative Cash Flow: With a history of negative cash flows, there is a risk that future operations may continue to face cash flow challenges, affecting financial performance.
High Working Capital Needs: The company requires significant working capital for growth, and any inability to meet these requirements could negatively impact its operations, financial condition, and cash flow.