Saj Hotels Ltd

Saj Hotels Ltd IPO

Saj Hotels Ltd IPO Price Range is ₹65 - 65, with a minimum investment of ₹1,30,000 for 2000 shares.

₹1,30,000

/ 2000 shares

Minimum Investment

View Saj Hotels Ltd IPO details including price range, minimum investment, lot size, financials, and IPO timeline. Get subscription updates, peer comparison, and key insights to help you make an informed decision.

IPO Status

Closed

Price Band

₹65 - 65

Open Date

2024-09-27

Close Date

2024-10-01

IPO Size

₹27.63 Cr

Lot Size

2000 shares

Min Investment

₹1,30,000

Listing Exchange

NSE

Saj Hotels Ltd IPO Application Timeline

passed
Open Date27 Sep 2024
passed
Close Date1 Oct 2024
passed
Allotment Date3 Oct 2024
passed
Listing Date7 Oct 2024

Strengths and Risks

Strengths

Strengths

  • Experienced Promoters and Management Team.

  • Optimal utilization of resources.

  • Location of resort properties and quality of services provided.

  • Identifying opportunity to develop our resort properties.

  • Increasing revenue by having multiple revenue streams and complementary offerings.


Risks

Risks

  • The Company has incurred losses in the one out of the three previous financial years.

  • The Company has had negative cash flow in the past and may continue to have negative cash flows in the future.

  • The Company requires significant amount of working capital for a continued growth. Its inability to meet the company working capital requirements may have an adverse effect on its results of operations, financial condition and cash flows.

  • The Company, promoters of the Company, directors of the Company and its group companies are parties to certain litigation and claims. These legal proceedings are pending at different levels of adjudication before the respective courts and regulatory authorities. Any adverse decision may make it or its promoters/directors or group companies liable to liabilities/penalties and may adversely affect its reputation, business, and financial status.

  • A parcel of land on which one of its resort property is constructed (Saj in the Forest, Pench) is taken on leasehold basis under a Joint Venture arrangement. If the company is unable to comply with the terms of such arrangement, its business, results of operations, financial condition and cash flows may be adversely affected.

  • One of its properties is situated in proximity to the Pench National Park, may be subject to regulatory as well as government restrictions which might adversely affect its business and financial position.

  • The Company has entered into long-term lease deeds with various third parties to receive lease rentals/ license fee for the resort/ restaurant properties. If these agreements are terminated or not renewed, its business, results of operations, financial condition and cash flows may be adversely affected.

  • A portion of its resort bookings originate from online travel agents and intermediaries. In the event such companies continue to gain market share compared to its direct booking channels or the company competitors are able to negotiate more favourable terms with such online travel agents and intermediaries, its business and results of operations may be adversely affected.

  • Certain premises are not owned by it and are held by the company on a leasehold/ rental basis. In the event its lose or are unable to renew such leasehold rights, the company business, results of operations, financial condition and cash flows may be adversely affected.

  • The company has not yet placed orders in relation to the funding Capital expenditure through civil work required for expanding of two of its properties which is proposed to be financed from the net Issue proceeds of the IPO. In the event of any delay in placing the orders, or in the event the vendors are not able to execute the contract in a timely manner, or at all, may result in time and cost over-runs and its business, prospects and results of operations may be adversely affected. Its proposed expansion plans are subject to the risk of unanticipated delays in implementation due to factors including delays in construction and cost overruns.

How to Apply for Saj Hotels Ltd IPO on INDmoney

1

Download the INDmoney app and complete your KYC to open an account.

2

Go to the INDstocks section and tap on IPO, or search for ‘IPO’.

3

Select Saj Hotels Ltd IPO from the list of live IPOs.

4

View key details like price band, lot size, and dates, then tap ‘Apply Now’.

5

Choose the number of lots and place your order via UPI.

6

Your funds will be blocked until the share allotment is finalized.

About Saj Hotels Ltd

Our company is engaged in Hospitality industry. We provide 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. We focus 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.

Frequently Asked Questions of Saj Hotels Ltd IPO

What is the size of the Saj Hotels Ltd IPO?

The size of the Saj Hotels Ltd IPO is ₹27.63 Cr.

What is the allotment date of the Saj Hotels Ltd IPO?

Saj Hotels Ltd IPO allotment date is Oct 3, 2024 (tentative).

What are the open and close dates of the Saj Hotels Ltd IPO?

The Saj Hotels Ltd IPO will open on Sep 27, 2024 and close on Oct 1, 2024

What is the lot size of Saj Hotels Ltd IPO?

The lot size for the Saj Hotels Ltd IPO is 2000.

When will my Saj Hotels Ltd IPO order be placed?

Your Saj Hotels Ltd IPO order will be placed on Sep 27, 2024

Can we invest in Saj Hotels Ltd IPO?

Yes, once Saj Hotels Ltd IPO opens, you can invest in the shares of the company.

What would be the listing gains on the Saj Hotels Ltd IPO?

The potential listing gains on the Saj Hotels Ltd IPO will depend on various market factors and cannot be predicted with certainty.

What is 'pre-apply' for Saj Hotels Ltd IPO?

'Pre-apply' for Saj Hotels Ltd IPO indicates your interest in the IPO before it opens for subscription. This ensures quick application when the IPO goes live.