Table of Contents
Overview:
- SAMHI Hotels Limited, incorporated in 2010, is a prominent player in India’s hotel ownership and asset management sector.
Portfolio and Presence:
- SAMHI Hotels boasts an impressive portfolio of 4,801 keys, spread across 31 operating hotels.
- These hotels are strategically located in 14 of India’s major urban consumption centers, including Bengaluru (Karnataka), Hyderabad (Telangana), the National Capital Region (NCR), Pune (Maharashtra), Chennai (Tamil Nadu), and Ahmedabad (Gujarat) as of March 31, 2023.
- Additionally, the company has 2 hotels under development, adding up to a total of 461 keys, in Kolkata and Navi Mumbai.
Strategic Acquisition:
- On August 10, 2023, SAMHI Hotels made a significant move by acquiring Asiya Capital and the ACIC SPVs (the ACIC SSPA).
- This strategic acquisition added 962 keys across six operating hotels to the company’s portfolio.
- Furthermore, it provided land for the development of a new hotel in Navi Mumbai, Maharashtra.
- This expansion showcases SAMHI Hotels’ commitment to growth and its dedication to enhancing the hospitality landscape in India.Read More
SAMHI Hotels IPO Details
- The SAMHI Hotels IPO is categorized as a Book Built Issue.
- The total issue size of the IPO is Rs 1,370.10 Crores.
- The price range for the SAMHI Hotels IPO is set at ₹119 to ₹126 per share.
| IPO Date | September 14, 2023 to September 18, 2023 |
| Listing Date | Wednesday, September 27, 2023 |
| Face Value | ₹1 per share |
| Price | ₹119 to ₹126 per share |
| Lot Size | 119 Shares |
| Total Issue Size | 108,738,095 shares (aggregating up to ₹1,370.10 Cr) |
| Fresh Issue | 95,238,095 shares (aggregating up to ₹1,200.00 Cr) |
| Offer for Sale | 13,500,000 shares of ₹1 (aggregating up to ₹170.10 Cr) |
SAMHI Hotels IPO Timetable (Tentative)
| IPO Open Date | Thursday, September 14, 2023 |
| IPO Close Date | Monday, September 18, 2023 |
| Basis of Allotment | Friday, September 22, 2023 |
| Initiation of Refunds | Monday, September 25, 2023 |
| Credit of Shares to Demat | Tuesday, September 26, 2023 |
| Listing Date | Wednesday, September 27, 2023 |
SAMHI Hotels IPO Anchor Investors Details
- IPO successfully secured an investment of Rs 616.55 Crores from anchor investors.
- The anchor bidding for the SAMHI Hotels IPO took place on September 13, 2023.
| Bid Date | September 13, 2023 |
| Shares Offered | 48932143 |
| Anchor Portion Size (In Cr.) | 616.55 |
| Anchor lock-in period end date for 50% shares (30 Days) | November 7, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | February 2, 2024 |
SAMHI Hotels IPO Lot Size
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 119 | ₹14,994 |
| Retail (Max) | 13 | 1547 | ₹194,922 |
| S-HNI (Min) | 14 | 1,666 | ₹209,916 |
| S-HNI (Max) | 66 | 7,854 | ₹989,604 |
| B-HNI (Min) | 67 | 7,973 | ₹1,004,598 |
Financials of the Company:
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 2,488.00 | 2,386.58 | 2,263.00 |
| Revenue | 179.25 | 333.10 | 761.42 |
| Profit After Tax | -477.73 | -443.25 | -338.59 |
| Net Worth | -259.28 | -702.63 | -871.43 |
| Reserves and Surplus | -203.12 | -646.47 | -816.18 |
| Total Borrowing | 2,424.40 | 2,597.69 | 2,787.54 |
Objects of the Issue:
Utilization of Proceeds: The net proceeds from the IPO will be used for the following purposes:
- Repayment, prepayment, or redemption, in full or in part, of certain borrowings availed by the company and its subsidiaries, including the payment of accrued interest.
- General corporate purposes.
These are the intended uses of the funds raised through the IPO.
SAMHI Hotels IPO Review (May apply depending on the subscription)
- The company seeks to boost its brand value with premium partnerships.
- It has been reporting losses and holds a negative NAV.
- Post-Covid, the hospitality sector is gaining interest.
- Investors willing to take risks may consider moderate, long-term investments.
SAMHI Hotels IPO Subscription Details
We don’t have the subscription details at the moment. Bidding opens at 10 AM and closes at 5 PM on the open days of the public issue.
Check Day by Day Subscription Details (Live Status)
SAMHI Hotels IPO GMP:
Certainly, here’s the information in bullet points:
- SAMHI Hotels IPO’s Grey Market Premium (GMP): ₹35
- Estimated Listing Price: ₹161 (calculated as the cap price + today’s GMP)
- Expected Percentage Gain/Loss per Share: 27.78%
- Retail Investor Subject-to-Sauda Rate: ₹3200
- Small High Net Worth Individual (HNI) Subject-to-Sauda Rate: ₹44800
check day by day GMP Details(Live Status)
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The content provided here should not be interpreted as an invitation or solicitation to buy or sell securities, nor should it be regarded as guidance for such actions. All material presented is intended solely for educational and informational purposes and should not be utilized for making investment choices in any manner. It is imperative to recognize that any data shared here carries no intent to influence investment decisions. Any individual considering investment moves should first seek guidance from a qualified financial advisor, taking into account the particulars of their circumstances.
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