Saj Hotels Limited, a prominent player in the hospitality sector, is gearing up for its Initial Public Offering (IPO) on September 27th, 2024. The IPO is expected to raise Rs 2,762.50 Lakhs, offering investors a chance to be a part of this established hospitality company’s journey. The company will be listing its shares on the NSE Emerge platform. The IPO will see the offering of up to 42,50,000 equity shares at a face value of Rs 10 each. Corpwis Advisors Private Limited is the lead manager for the IPO, with Satellite Corporate Services Private Limited serving as the registrar and NNM Securities as the market maker.
Saj Hotels Limited offers a diverse range of hospitality services, catering to both B2B, B2B2C, and B2C markets. Their portfolio encompasses traditional resort stays, luxurious villa rentals, and premium restaurant and bar services. With a strong focus on guest satisfaction, Saj Hotels offers top-tier amenities, including delectable dining options, exciting recreational activities, and seamless event hosting services, ensuring an unforgettable experience for all guests.
The company boasts a wide range of destinations, each offering unique accommodation options that blend comfort and luxury. Their resorts feature well-appointed rooms, diverse dining venues, and recreational activities to enhance every guest’s stay. Saj Hotels specializes in hosting events, from grand weddings to corporate conferences, providing seamless event planning and management services that make every occasion memorable.
One of their notable offerings is “Saj Villas” in Goa, a collection of 2BHK and 4BHK villas designed to cater to different preferences. Whether it’s a family vacation, a group getaway, or a romantic retreat, these villas, equipped with swimming pools, promise a luxurious and comfortable experience.
Saj Hotels Limited manages its properties through two primary approaches: The company has demonstrated consistent growth, reporting revenues of Rs 1,425.77 Lakhs for the fiscal year ending March 31, 2024, compared to Rs 1,271.37 Lakhs and Rs 1,283.25 Lakhs for the fiscal years ending March 31, 2023 and 2022, respectively. Their EBITDA for the same periods stood at Rs 652.60 Lakhs, Rs 322.40 Lakhs, and Rs 412.03 Lakhs, respectively. This strong financial performance further highlights the company’s potential for growth and its attractive proposition for investors seeking to participate in the dynamic hospitality sector.
