Incorporated in February 1981, Saj Hotels Limited operates in the hospitality industry, offering a diverse range of services, including traditional resort accommodations, villa rentals, and restaurant and bar properties. The company provides comprehensive services to ensure a memorable experience for our guests.
The company offers a range of accommodation options across various destinations, each tailored to provide comfort and convenience.
The company owns or leases three resort properties. Two are managed and operated by Saj, while one is leased to others.
The resorts are versatile event venues, capable of hosting conferences, weddings, and social events.
The company has invested 50% in My Own Rooms Dot In Private Limited, expanding its reach and diversifying its hospitality portfolio.
As of May 2024, the company has 144 employees in various departments.
Competitive Strengths
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 market capitalization of Saj Hotels IPO is Rs 104.81 Cr.
KPI as of January 31, 2024.
| KPI | Values |
|---|---|
| ROE | 19.91% |
| ROCE | 26.36% |
| Debt/Equity | 0.17 |
| RoNW | 19.91% |
| P/BV | 5.86 |
| PAT Margin (%) | 24.23 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 3 | 2.32 |
| P/E (x) | 21.7 | 27.98 |
The Company proposes to utilize the funds which are being raised towards funding the following objects
| IPO Date | September 27, 2024 to October 1, 2024 |
| Listing Date | [.] |
| 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 |
| Share holding pre issue | 11,875,000 |
| Share holding post issue | 16,125,000 |
| Market Maker portion | 214,000 shares |
The promoters of the company are Rahul Maganlal Timbadia, Kartik Maganlal Timbadia and Karna Kartik Timbadia
| Share Holding Pre Issue | 84.12% |
| Share Holding Post Issue | 61.94% |
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