Saj Hotels Limited IPO

Saj Hotels Limited IPO offers 42,50,000 shares worth INR 27.63 crores to fund capital expenditure, working capital needs, and general corporate purposes.

Important Details

Open Date : September 27, 2024 Close Date : October 1, 2024 Allotment Date: October 3, 2024 Listing Date: October 7, 2024

Important Details

IPO Price: INR 65 per share Lot Size: 2000 Shares Total Issue Size: INR 27.63 crores

Fundamental Analysis

Saj Hotels IPO shows mixed performance: 1. Stable revenue, controlled costs. 2. Profit growth, debt reduction. 3. Improved RoNW. 4. Rising NAV, stronger shareholder value.

Peer Comparison

Saj Hotels Limited: P/E 22.41, EPS ₹2.90, RoNW 19.91%. Royale Manor Hotels: P/E 20.59, EPS ₹2.21, RoNW 7.67%. Jindal Hotels: P/E 33.90, EPS ₹3.43, RoNW 11.97%

Objective

Saj Hotels Ltd Objective: 1. ₹17 crores for resort expansion at Saj by the Lake, Malshej & Saj in the Forest, Pench. 2. ₹4 crores for working capital. 3. Remaining for operations, project development & business enhancement.

Risks And Challenges

Saj Hotels IPO Risks: 1. Negative cash flows risk operations and growth. 2. Park proximity may bring restrictions. 3. License issues could impact operations.