Saj Hotels IPO Launch Date, Price, GMP – The Saj Hotels initial public offering (IPO) will open on September 27, 2024, and close on October 1, 2024. The book built issue is the Saj Hotels IPO. With an IPO that includes a fresh issuance of ₹27.63 crores and the offering for sale of up to [.] equity shares with a face value of ₹10 apiece, the business hopes to raise about ₹27.63 crores. The IPO price range for Saj Hotels is ₹65 per share. HNI is 15%, QIB is 50%, and the retail quota is 35%. On October 7, 2024, Saj Hotels will go public on the NSE. The Saj Hotels IPO date is set for October 3, 2024.
Saj Hotels IPO Details
| IPO Open Date | September 27, 2024 |
| IPO Close Dare | October 1, 2024 |
| Listing Date | Monday, October 7, 2024 |
| Face Value | ₹10 per share |
| Price | ₹65 per share |
| Lot Size | 2000 Shares |
| Total 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 |
Saj Hotels Financials
Revenue at Saj Hotels Limited climbed by 13.52%, but profit after tax (PAT) decreased by -3.11% from March 31, 2023, to March 31, 2024, the conclusion of the Financial Year.
| FY 2024 | |
| Assets | 9,808.46 |
| Revenue | 1,455.49 |
| Profit After Tax | 344.68 |
| Net Worth | 1,734.49 |
| ROE | 19.91% |
| ROCE | 26.36% |
| Debt/Equity | 0.17 |
| RoNW | 19.91% |
| P/BV | 5.86 |
| PAT Margin (%) | 24.23 |
About the Company – Saj Hotels
Establishing in February 1981, Saj Hotels Limited. Serving the hotel industry, the company provides a varied range of business-to-business (B2B), business-to-business-to-customer (B2B2C), and business-to-customer (B2C) hospitality services. These services include standard resort accommodations as well as villa rentals, restaurants, and bars. In order to give their guests a memorable stay, they prioritize offering them a wide range of amenities, such as food and drink, recreational opportunities, and event planning.
They provide a selection of comfortable and convenient lodging choices in different areas. In addition to a variety of dining options, including as restaurants, bars, and in-room dining services, the resorts provide well-appointed rooms and suites.
