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SME IPO Status: Upcoming [27th Sep 2024 to 1st Oct 2024]
Saj Hotels IPO, a SME IPO of ₹27.63 Cr opens for subscription from 27-09-2024 to 01-10-2024. The IPO consists of ₹27.63 Cr fresh issue.
The face value is Rs 10 and the price band is fixed at 65.00 per share. You can apply to the Saj Hotels SME IPO for a minimum lot of 2000 shares amounting of Rs 130000.
The tentative listing date on the exchange (NSE SME) is 07-10-2024.Stay tuned with us to get more details about Saj Hotels SME IPO including business overview, financial performance, live subscription status, allotment details, daily grey market premium (GMP), listing date, and listing price.
| SME IPO Issue Opening Date: | 27th Sep 2024 |
| SME IPO Issue Closing Date: | 1st Oct 2024 |
| SME IPO Issue Price: | ₹65.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| IPO Listing At: | NSE SME |
| Retail Quota: | 50% of the Net Issue |
| SME IPO Issue Type: | Fixed Price Issue |
| SME IPO Issue Size: | ₹27.63 Cr |
| Fresh Issue: | ₹27.63 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 84.12% |
| Promoter Holding Post IPO: | 61.94% |
Get important updates regarding Saj Hotels SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 3rd Oct 2024 |
| Refunds Initiation* | 4th Oct 2024 |
| Credit of Shares to Demat* | 4th Oct 2024 |
| SME IPO Listing Date* | 7th Oct 2024 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹65.00 |
| Market Lot: | 2000 Shares |
| 1 Lot Amount: | ₹130000 |
| Min HNI Lots: | 4000 shares (2 lots)- ₹260000 |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 26-09-2024 | 65.00 | 0 | -- | ₹65 (0%) | 27-Sep-2024 0:26 |
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**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Saj Hotels Limited was founded in February 1981. The company operates in the hotel industry and offers a diversified portfolio of business-to-business (B2B), business-to-business-to-customer (B2B2C), and business-to-customer (B2C) hospitality offerings, ranging from traditional resort accommodation to villa rentals, restaurant, and bar operations.
They focus on providing comprehensive services to their guests, including food and beverage, leisure facilities and event options, reflecting their commitment to creating a memorable experience for their visitors.
They offer a range of accommodation options in various locations, each tailored for comfort and convenience. The resorts feature well-appointed rooms and suites complemented by various dining options, including restaurants, bars and in-room dining services.
In addition to their core hospitality offerings, they have strategically invested (50%) in a company called My Own Rooms Dot In Private Limited, in which they hold an equity stake. This investment extends their reach and diversifies their portfolio in the hospitality sector.
| Incorporation | Sector | IPO Issue Size | Website |
| 1981 | Hotels & Resorts | ₹27.63 Cr | https://www.sajresort.com/ |
The Company proposes to utilize the funds which are being raised towards funding the following objects
Our experts can help you prepare for SME IPO
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 Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 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 After Tax | 344.68 | 355.76 | 144.25 | -120.18 |
| Net Worth | 1,734.49 | 1,316.84 | 891.08 | 754.46 |
| Reserves and Surplus | 7,721.70 | 8,325.19 | 7,977.20 | 1,748.59 |
| Total Borrowing | 291.52 | 614.14 | 1,053.54 | 938.51 |
| Amount in ₹ Lakhs | ||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Saj Hotels Limited | 2.9 | 2.9 | 14.61 | 22.41 | 19.91 | |
| Royale Manor Hotels & Industries Ltd. | 2.21 | 2.21 | 20.59 | 23.1 | 7.67 | Consolidated |
| Jindal Hotels Ltd. | 3.43 | 3.43 | 28.81 | 30.4 | 11.97 | Consolidated |
Last Updated on 26-Sep-2024 10:33:33
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Saj Hotels SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Saj Hotels SME IPO with Zerodha.
Alternate approch to apply in Saj Hotels SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Saj Hotels SME IPO Review and Important Updates
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To subscribe or apply in Saj Hotels SME IPO, you can use the following methods:
| Saj Hotels SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Saj Hotels SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Saj Hotels SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Saj Hotels SME IPO. Most of the Syndicate Banks provide access to apply in Saj Hotels IPO via ASBA process. You must have your net banking access, DP ID information to apply in Saj Hotels SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Saj Hotels SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Saj Hotels SME IPO Review and Important Updates
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Saj Hotels SME IPO is going to be list on 07-10-2024.
Other relevant questions:
When Saj Hotels SME IPO will be listing? Saj Hotels SME IPO listing date?Saj Hotels SME IPO date of listing
Saj Hotels SME IPO Allotment Date is 03-10-2024.
Other relevant questions:
Saj Hotels SME IPO share allotment date?Saj Hotels SME IPO allotment date?
