Aliceblue ANTInstall and trade smarter everywhere
Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Saj Hotels Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
Key metrics and details at a glance.
Price Band
₹65
Per ShareLot Size
2000 Shares
Minimum Investment
₹1,30,000
Issue Size
₹27.63 Cr
Face Value
₹10
Per ShareIPO Type
Fixed Price - SME
Retail Quota
50%
QIB Quota
0%
NII Quota
50%
Important dates for your applying strategy.
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
84.12%
Promoter Holding (Post-Issue)
61.94%
Issue Type
Fixed Price - SME
ISIN
INE00MT01022
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.
It is widely acknowledged that the tourist and hospitality sector, which encompasses travel and hospitality services like resorts and restaurants, is a development agent, a catalyst for socioeconomic growth, and a significant source of foreign exchange gains in many countries. The consistent efforts of the central and state governments have helped the tourism industry to recover from the Covid-19 pandemic shock and operate at the pre-pandemic level. The Indian hotel market including domestic, inbound and outbound was estimated at ~US$ 32 billion in FY20 and is expected to reach ~US$ 52 billion by FY27. As per the Ministry of Tourism, Foreign Tourist Arrivals (FTAs) in March 2023 were 795,827 as compared to 342,308 in March 2022 and 978,236 in March 2019 registering a growth of 132.5% and -18.6% with respect to 2023 and 2019 respectively.
Revenue, profit after tax and total assets across the last 3 reported financial years.
Amount in ₹ crore
How the company plans to utilize IPO proceeds.
The funds raised through this IPO will be used for:
Initial public issue of upto 42,50,000 equity shares of face value of Rs. 10/- each ("Equity Shares") of Saj Hotels Limited (the "Company" or the "Issuer") for cash at a price of Rs. 65/- per equity share (including a premium of Rs. 55/- per equity share) (the "Issue Price"), aggregating upto Rs. 27.63 crores (the "Issue"), of which 2,14,000 equity shares aggregating to Rs. 1.39 crores will be reserved for subscription by market maker (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. issue of 40,36,000 equity shares of face value of Rs. 10/- each at an issue price of Rs. 65/- per equity share aggregating to Rs. 26.23 crores is herein after referred to as the "Net Issue". The issue and the net issue will constitute 26.36% and 25.03% respectively of the post-issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10/- each and the issue price of Rs. 65/-, which is 6.5 times of the face value.
*Subject to approvals and market conditions.
Key competitive advantages and factors to consider before investing.
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Saj Hotels Limited was, originally, incorporated as a private limited company under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated February 4, 1981 bearing Corporate Identity no. U55101PN1981PTC023814 issued by Registrar of Companies, Maharashtra at Bombay. Subsequently our Company was converted from a private limited company to Public Limited Company pursuant to Special Resolution passed at the Extra-ordinary General Meeting by the shareholders of the Company on October 5, 2023 and the name of our Company was changed to `Saj Hotels Limited'. A fresh certificate of incorporation consequent to conversion was issued on November 3, 2023 by the Registrar of Companies, Pune bearing Corporate Identity Number U55101PN1981PLC023814.
Amount in ₹ crore
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY26.