The Saj Hotel Limited is located in Saj on the Mountains, Survey number 18, Mahabaleshwar Panchgani Road, Mahabaleshwar, Satara, Maharashtra – 412806 and engaged in the Hospitality industry. The firm provides a diverse portfolio of Business-to-Business (B2B), Business-toBusiness-to-Customer (B2B2C) and Business-to-Customer (B2C) hospitality offerings, spanning from traditional resort accommodation to villa rentals and restaurant and bar properties.
This hotel’s focus is 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.
Saj Hotels IPO price band is ₹65 per share. The retail quota is 35%, QIB is 50%, and HNI is 15%. Saj Hotels IPO to list on NSE on October 7, 2024. The allotment of Saj Hotels IPO date is October 3, 2024.
The company reported revenue of ₹12.71 crores in 2023 against ₹12.83 crore in 2022. The company reported profit of ₹3.48 crores in 2023 against profit of ₹1.32 crores in 2022. As per the financials the IPO investors should apply the IPO for a long term.
Saj Hotels IPO Dates
The Saj Hotels IPO date is September 27 and the close date is October 1. The Saj Hotels IPO allotment will be finalized on October 4 and the IPO listing on October 7.
| IPO Open Date: | September 27, 2024 |
| IPO Close Date: | October 1, 2024 |
| Basis of Allotment: | October 3, 2024 |
| Refunds: | October 4, 2024 |
| Credit to Demat Account: | October 4, 2024 |
| IPO Listing Date: | October 7, 2024 |
Saj Hotels IPO Details
| IPO Open Date: | September 27, 2024 |
| IPO Close Date: | October 1, 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹65 Per Share |
| Issue Size: | Approx ₹27.63 Crores |
| Fresh Issue: | Approx ₹27.63 Crores |
| Issue Type: | Book Built Issue |
| IPO Listing: | NSE SME |
| Retail Quota: | Not more than 50% |
| QIB Quota: | Not more than 00% |
| NII Quota: | Not more than 50% |
Saj Hotels IPO Market Lot
The Saj Hotels IPO minimum market lot is 2000 shares with ₹130,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 2,000 | ₹130,000 |
| Retail Maximum | 1 | 2,000 | ₹130,000 |
| HNI Minimum | 2 | 4,000 | ₹260,000 |
Saj Hotels Financial Performance
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 8.06 | 12.83 | 12.71 | 14.26 |
| Expenses | 9.26 | 10.77 | 12.03 | 9.99 |
| Net income | 1.20 | 1.32 | 3.48 | 3.45 |
