IPO Details
- Opening Date
- Close Date
- Allotment Date
- Listing Date
- Face Value
- Issue Price
- Market Lot
- Total Issue Size
- September 27, 2024
- September 1, 2024
- September 3, 2024
- September 3, 2024
- 10
- 65
- 2000
- 27.62 Cr.
Saj Hotels IPO 2024: Key Details & Dates
Overview
Saj Hotels Limited, a well-established name in the hospitality industry, is set to launch its Initial Public Offering (IPO) in 2024. The IPO aims to raise ₹27.625 crores through the sale of 42,50,000 equity shares, priced at ₹65 per share. This fixed-price issue includes a face value of ₹10 per share, with a premium of ₹55. Investors can subscribe in lots of 2,000 shares, making it accessible for retail and institutional investors alike.
The IPO opens on September 27, 2024, and closes on October 1, 2024. Saj Hotels Limited, known for its premium hospitality services, operates several luxury properties, including Saj on the Mountains in Mahabaleshwar and Saj by the Lake in Malshej. The company has received in-principal approval from the National Stock Exchange (NSE) to list its shares on the NSE Emerge platform.
Potential investors should note the inherent risks of investing in equity markets but can explore this opportunity to be part of a growing hospitality brand. Saj Hotels Limited is spearheaded by experienced promoters and a dedicated board of directors, ensuring strong leadership and corporate governance.
For more details on the IPO, including the company’s financial health and objectives, investors are encouraged to review the prospectus carefully before making an investment decision. The listing is expected to create significant market interest, providing potential long-term returns for shareholders.
Company Financial
Restated Summary Statement of Assets and Liabilities
| Hyundai Motor India Limited - Restated Consolidated Statement of Assets and Liabilities | As at June 30, 2024 | As at June 30, 2023 | As at March 31, 2024 | As at March 31, 2023 | As at March 31, 2022 |
| Assets | |||||
| Non-current assets | |||||
| Property, plant and equipment | 63,786.92 | 64,386.51 | 67,135.59 | 57,656.36 | 62,290.52 |
| Capital work-in-progress | 9,721.25 | 7,081.22 | 6,528.42 | 13,366.35 | 5,291.25 |
| Right-of-use assets | 6,134.07 | 560.8 | 6,183.42 | 577.65 | 662.96 |
| Intangible assets | 2,612.91 | 3,059.09 | 2,825.26 | 3,270.32 | 3,758.62 |
| Other financial assets | 629.21 | 546.31 | 624.12 | 516.97 | 493.98 |
| Deferred tax assets (net) | 9,896.71 | 8,755.07 | 9,477.90 | 8,265.99 | 6,156.74 |
| Non-current tax assets (net) | 7,012.78 | 6,212.66 | 6,886.39 | 6,146.71 | 2,081.53 |
| Other non-current assets | 3,031.11 | 2,215.73 | 2,590.92 | 2,313.36 | 2,046.57 |
| Total non-current assets | 1,02,824.96 | 92,817.39 | 1,02,252.02 | 92,113.71 | 82,782.17 |
| Current assets | |||||
| Inventories | 28,882.93 | 35,943.73 | 33,156.29 | 34,224.09 | 28,811.20 |
| Trade receivables | 23,581.40 | 26,434.06 | 25,100.26 | 28,971.92 | 21,824.07 |
| Cash and cash equivalents | 45,042.88 | 64,630.48 | 9,732.15 | 1,77,411.47 | 1,41,388.42 |
| Bank balance other than above | 40,084.95 | 1,28,065.91 | 80,441.30 | - | - |
| Loans | - | - | - | 659.48 | 154.94 |
| Other financial assets | 3,718.15 | 3,003.44 | 3,439.24 | 4,539.58 | 3,005.15 |
| Other current assets | 9,567.12 | 6,153.82 | 9,371.19 | 7,813.17 | 5,614.63 |
| Total current assets | 1,50,877.43 | 2,64,231.44 | 1,61,240.43 | 2,53,619.71 | 2,00,798.41 |
| Total assets | 2,53,702.39 | 3,57,048.83 | 2,63,492.45 | 3,45,733.42 | 2,83,580.58 |
| Equity and Liabilities | |||||
| Equity | |||||
| Equity share capital | 8,125.41 | 8,125.41 | 8,125.41 | 8,125.41 | 8,125.41 |
| Reserves and surplus | 1,13,361.69 | 2,05,682.88 | 98,531.16 | 1,92,422.77 | 1,60,437.14 |
| Total equity | 1,21,487.10 | 2,13,808.29 | 1,06,656.57 | 2,00,548.18 | 1,68,562.55 |
| Non-current liabilities | |||||
| Borrowings | 6,016.98 | 6,862.07 | 6,227.97 | 7,065.66 | 7,667.10 |
| Lease liabilities | 533.54 | 259.3 | 557.68 | 267.23 | 307.47 |
| Provisions | 8,671.35 | 8,270.03 | 8,467.39 | 8,037.65 | 7,743.02 |
| Other non-current liabilities | 11,968.21 | 10,119.09 | 11,610.97 | 9,759.55 | 7,378.07 |
| Total non-current liabilities | 27,190.08 | 25,510.49 | 26,864.01 | 25,130.09 | 23,095.66 |
| Current liabilities | |||||
| Borrowings | 1,564.46 | 5,968.92 | 1,451.18 | 4,520.34 | 3,733.23 |
| Lease liabilities | 96.62 | 34.25 | 95.58 | 40.24 | 68.95 |
| Total outstanding dues of micro enterprises and small enterprises | 1,831.52 | 2,072.11 | 2,158.18 | 1,536.92 | 1,274.98 |
| Total outstanding dues of creditors other than micro enterprises and small enterprises | 72,963.46 | 72,772.39 | 72,871.39 | 52,779.30 | |
| Other financial liabilities | 6,031.06 | 8,809.48 | 5,759.74 | 8,067.47 | 4,263.43 |
| Other current liabilities | 15,466.82 | 17,948.80 | 39,327.93 | 25,342.17 | 23,789.21 |
| Provisions | 4,580.67 | 4,393.04 | 4,528.20 | 4,539.05 | 4,027.33 |
| Current tax liabilities (net) | 6,735.79 | 5,539.99 | 3,878.67 | 3,137.57 | 1,985.94 |
| Total current liabilities | 1,05,025.21 | 1,17,730.05 | 1,29,971.87 | 1,20,055.15 | 91,922.37 |
| Total liabilities | 1,32,215.29 | 1,43,240.54 | 1,56,835.88 | 1,45,185.24 | 1,15,018.03 |
| Total equity and liabilities | 2,53,702.39 | 3,57,048.83 | 2,63,492.45 | 3,45,733.42 | 2,83,580.58 |
Statement of Profit and Loss
| Hyundai Motor India Limited - Restated Consolidated Statement of Profit and Loss (including other comprehensive income) | For the period ended June 30, 2024 | For the period ended June 30, 2023 | For the year ended March 31, 2024 | For the year ended March 31, 2023 | For the year ended March 31, 2022 |
| Income | |||||
| Revenue from operations | 1,73,442.34 | 1,66,235.11 | 6,98,290.57 | 6,03,075.80 | 4,73,784.32 |
| Other income | 2,237.50 | 3,881.00 | 14,732.68 | 11,290.62 | 5,876.16 |
| Total income | 1,75,679.84 | 1,70,116.11 | 7,13,023.25 | 6,14,366.42 | 4,79,660.48 |
| Expenses | |||||
| Cost of materials consumed | 1,17,638.35 | 1,18,640.95 | 5,12,979.91 | 4,45,086.35 | 3,52,308.08 |
| Purchases of stock-in-trade | 1,801.24 | 816.14 | 4,334.27 | 6,564.16 | 6,564.05 |
| Changes in inventories of finished goods, work-in-progress, and stock-in-trade | 5,337.45 | 6,557.53 | -1,384.74 | -1,351.21 | -621.2 |
| Employee benefits expense | 5,527.69 | 4,794.67 | 19,754.88 | 17,662.26 | 16,476.38 |
| Finance costs | 316.4 | 371.86 | 1,580.79 | 1,424.01 | 1,319.13 |
| Depreciation and amortisation expense | 5,289.81 | 5,596.90 | 22,079.31 | 21,898.66 | 21,695.86 |
| Other expenses | 19,868.85 | 15,555.02 | 71,820.52 | 60,098.70 | 44,397.74 |
| Cost of materials consumed for own use | -133.78 | -101.75 | -540.43 | -472.26 | -201.61 |
| Total expenses | 1,55,646.01 | 1,52,231.32 | 6,30,624.51 | 5,50,910.67 | 4,41,938.42 |
| Profit before tax | 20,033.83 | 17,884.79 | 82,398.74 | 63,455.75 | 37,722.06 |
| Tax expense | |||||
| Current tax | 5,533.93 | 5,071.33 | 22,965.26 | 18,414.53 | 10,377.87 |
| Deferred tax (net) | -396.62 | -478.4 | -1,166.96 | -2,051.28 | -1,671.72 |
| Total tax expense | 5,137.31 | 4,592.93 | 21,798.30 | 16,363.25 | 8,706.15 |
| Profit for the period / year | 14,896.52 | 13,291.86 | 60,600.44 | 47,092.50 | 29,015.91 |
| Other comprehensive income ('OCI') for the period / year | |||||
| Remeasurements of net defined benefit liability / (asset) | -88.18 | -42.43 | -178.57 | -230.33 | 36.11 |
| Income tax relating to items that will not be reclassified to profit or loss | 22.19 | 10.68 | 44.95 | 57.97 | -9.09 |
| Total other comprehensive income / (loss) | -65.99 | -31.75 | -133.62 | -172.36 | 27.02 |
| Total comprehensive income for the period / year | 14,830.53 | 13,260.11 | 60,466.82 | 46,920.14 | 29,042.93 |
Board of Directors of Company
Board of Directors:
- Rahul Maganlal Timbadia – Promoter
- Kartik Maganlal Timbadia – Promoter
- Karna Kartik Timbadia – Managing Director
Company contact Details
Saj Hotels Limited,
Saj on the Mountains,
Survey No. 18, Mahabaleshwar Panchgani Road,
Mahabaleshwar, Satara, Maharashtra – 412806