Saj Hotels IPO 2024: Key Details & Dates

IPO Details

Opening Date
Close Date
Allotment Date
Listing Date
Face Value
Issue Price
Market Lot
Total Issue Size

How to Analyze an IPO: A Comprehensive Guide for Investors

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

Category	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 & Equipment	467.86	355.60	452.79	313.75	311.58
Right-of-use Assets	592.70	567.03	587.80	545.83	462.21
Goodwill	696.47	325.77	696.47	325.77	10.91
Other Intangible Assets	291.26	306.58	304.31	319.74	16.27
Investment in Associates	60.27	66.47	60.36	66.97	-
Financial Assets (Investments)	1,682.99	1,312.20	1,382.28	1,616.40	1,280.02
Other Financial Assets	96.22	109.93	94.89	80.54	57.30
Income Tax Assets	174.07	177.43	160.30	157.45	109.17
Other Assets	57.08	26.05	53.60	31.49	24.64
Total Non-current Assets	4,118.91	3,247.06	3,792.79	3,457.95	2,272.11
Current assets
Inventories	56.30	10.90	48.69	10.64	17.74
Financial Assets (Investments)	2,918.32	4,692.95	3,728.47	4,857.15	9,067.98
Trade Receivables	1,189.59	950.17	963.85	1,062.35	1,111.93
Cash and Cash Equivalents	836.49	1,220.26	887.05	832.52	1,096.13
Bank Balances Other than Cash	3.01	1.41	3.80	31.40	7.74
Other Financial Assets	906.96	734.71	826.80	651.87	319.85
Other Assets	311.66	329.42	277.97	376.77	512.25
Total Current Assets	6,222.33	7,939.81	6,736.63	7,822.70	12,133.63
Total Assets	10,341.24	11,186.87	10,529.42	11,280.65	14,405.74
EQUITY AND LIABILITIES
Equity
Equity Share Capital	3.81	2.66	3.01	2.66	0.86
Instruments Entirely Equity in Nature	15,090.76	15,562.54	15,573.26	15,562.54	15,562.54
Other Equity	(7,649.58)	(6,904.60)	(7,784.81)	(6,508.59)	(3,296.49)
Total Equity	7,444.99	8,660.60	7,791.46	9,056.61	12,266.91
Non-current liabilities
Financial Liabilities (Borrowings)	154.61	-	95.98	-	-
Lease Liabilities	470.88	477.34	467.06	444.58	408.67
Other Financial Liabilities	3.78	37.39	-	37.44	18.59
Contract Liabilities	28.77	-	29.01	-	-
Provisions	40.34	38.76	39.11	38.49	27.72
Total Non-current Liabilities	698.39	553.50	631.16	520.51	454.98
Current liabilities
Financial Liabilities (Borrowings)	102.00	-	115.21	-	-
Lease Liabilities	184.73	148.48	185.94	155.02	99.54
Trade Payables	989.47	879.94	880.90	873.17	956.14
Other Financial Liabilities	632.73	700.50	639.42	391.66	382.66
Contract Liabilities	16.18	28.36	20.93	35.04	22.69
Other Liabilities	189.41	133.27	185.67	166.69	162.22
Provisions	83.35	82.22	78.73	81.94	60.59
Total Current Liabilities	2,197.86	1,972.77	2,106.80	1,703.52	1,683.85
Total Liabilities	2,896.25	2,526.27	2,737.96	2,224.03	2,138.83
Total Equity and Liabilities	10,341.24	11,186.87	10,529.42	11,280.65	14,405.74

Statement of Profit and Loss

Category	Three months ended June 30, 2024	Three months ended June 30, 2023	Year ended March 31, 2024	Year ended March 31, 2023	Year ended March 31, 2022
Income
Revenue from Operations	3,222.22	2,389.82	11,247.39	8,264.60	5,704.90
Other Income	87.89	119.83	386.96	449.86	414.88
Total Income	3,310.11	2,509.65	11,634.35	8,714.45	6,119.78
Expenses
Cost of Materials Consumed	7.77	14.36	61.08	72.00	51.05
Purchases of Stock-in-Trade	1,195.15	897.02	4,554.75	3,301.95	2,224.54
Changes in Inventories of Stock-in-Trade	(7.55)	(1.33)	(11.63)	6.92	(7.55)
Employee Benefits Expense	589.19	485.78	2,012.16	2,129.82	1,708.49
Finance Costs	19.83	17.40	71.40	58.19	48.38
Depreciation and Amortisation Expense	121.67	91.30	420.59	285.79	170.09
Other Expenses
- Advertising and Sales Promotion	445.37	487.13	1,850.80	2,501.16	2,005.07
- Delivery and Related Charges	1,046.05	749.00	3,351.06	2,834.94	2,068.81
- Others	490.49	331.90	1,637.18	1,693.62	1,305.56
Total Expenses	3,907.96	3,072.56	13,947.38	12,884.40	9,574.45
Loss before Share of Loss of Associate, Exceptional Items, and Tax	(597.85)	(562.91)	(2,313.04)	(4,169.95)	(3,454.68)
Share in Net Loss of Associate	(0.09)	(0.50)	(6.61)	(0.10)	(1.02)
Loss before Exceptional Items and Tax	(597.94)	(563.41)	(2,319.65)	(4,170.05)	(3,455.69)
Exceptional Items	(13.07)	(0.67)	(30.59)	(9.26)	(173.20)
Loss before Tax	(611.01)	(564.08)	(2,350.24)	(4,179.30)	(3,628.90)
Tax Expense
- Current Tax	-	-	-	-	-
- Deferred Tax	-	-	-	-	-
Total Tax Expense	-	-	-	-	-
Loss for the Period/Year	(611.01)	(564.08)	(2,350.24)	(4,179.30)	(3,628.90)
Other Comprehensive Income (OCI), Net of Tax
Items not Reclassified Subsequently to Profit/Loss	5.46	-	93.17	(9.59)	-
- Re-measurement Gain/(Loss) on Defined Benefit Plans	(0.23)	1.26	1.12	(3.28)	(2.33)
Other Comprehensive Income/(Loss) for the Period/Year	5.22	1.26	94.29	(12.87)	(2.33)
Total Comprehensive Loss for the Period/Year, Net of Tax	(605.78)	(562.83)	(2,255.95)	(4,192.17)	(3,631.23)

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