Samhi Hotels IPO Day 2: 12% subscribed, retail portion at 58%

JSW Infrastructure IPO: opening on 25 Sep, price band ₹113-119

Samhi Hotels IPO Day 2 Subscription Status, GMP & Other Details

The Samhi Hotels IPO has entered its second day of subscription with an impressive 12% subscription rate, showcasing considerable interest from investors. This IPO, which opened for subscription on Thursday, September 14, is set to close on Monday, September 18.

Retail Investors Lead the Way

One striking trend is the enthusiastic response from retail investors, with a robust 58% subscription rate for their allocated portion. In contrast, the Non-Institutional Investors (NII) portion saw a 7% subscription rate, while the Qualified Institutional Buyers (QIB) segment did not witness any subscriptions.

Samhi Hotels IPO Subscription Status

As of now, the Samhi Hotels IPO has received bids for 77,91,882 shares, out of the total 6,25,29,831 shares on offer, according to data from the BSE.

In particular, retail investors have shown a strong appetite for this offering, with bids for 66,16,757 shares against the 1,14,34,033 shares available in their segment. The NII segment received bids for 11,73,221 shares, while the QIB portion garnered bids for 1,904 shares.

Samhi Hotels IPO Overview

The IPO is priced in the range of ₹119 to ₹126 per equity share with a face value of ₹1 each. Samhi Hotels aims to raise ₹1,370.10 crore through this public issue, with ₹1,200 crore earmarked for the fresh issue and the remaining ₹170.10 crore expected through the Offer for Sale (OFS) route.

Investors can subscribe to Samhi Hotels IPO in multiples of 119 equity shares. Notably, the company already secured ₹616.50 crore from anchor investors on Wednesday, September 13.

Key Stakeholder Transactions

Before the IPO launch, Blue Chandra Pte. Ltd. made a significant move by selling 10.32 million shares, equivalent to 8.4% of the company, to Madhuri Kela, the wife of renowned investor Madhusudan Kela, as well as Nuvama Crossover Opportunities Fund and TIMF Holdings. This transaction was valued at ₹130 crore.

Samhi Hotels: A Growing Player

Samhi Hotels Ltd specializes in acquiring or constructing top-tier hotels, followed by renovation, rebranding, and strategic management. Despite being in operation for just 13 years, the company has made significant strides, adding 369 keys in the most recent fiscal year (FY23). This growth has propelled Samhi Hotels to become the third-largest hotel owner in terms of keys.

Samhi Hotels IPO Registrar

The net proceeds from the fresh issue are slated for debt repayment and general corporate purposes. The IPO is being managed by JM Financial and Kotak Mahindra Capital Company, with Kfin Technologies serving as the IPO registrar.

Samhi Hotels IPO Timeline

For those eagerly awaiting the IPO results, Samhi Hotels IPO share allotment is expected to take place on Friday, September 22. Shareholders can anticipate the shares being credited to their Demat accounts by Tuesday, September 26. Meanwhile, the refund process for those who were not allotted shares will commence on Monday, September 25. Samhi Hotel IPO shares are scheduled to be listed on both the NSE and BSE on Wednesday, September 27.

Samhi Hotels IPO GMP Update

The Samhi IPO’s grey market premium today stands at +10, consistent with the previous trading session. On Wednesday, the GMP was recorded at +14.

Taking into account the upper end of the IPO price band and the current grey market premium, Samhi Hotels’ estimated listing price is projected to be ₹136 per share. This figure reflects a 7.94% increase over the IPO price of ₹126 per share.

Investors and stakeholders are keeping a close watch on this exciting IPO, which is poised to make waves in the hospitality sector. Stay tuned for further updates on Samhi Hotels IPO as the subscription period unfolds.

About Samhi Hotels:

Samhi Hotels Limited, established on December 28, 2010, is a privately-owned company officially registered with the Registrar of Companies in Delhi. The core focus of Samhi Hotels Limited revolves around offering short-term lodging options, encompassing hotels and campgrounds. Additionally, this sector includes dining establishments that run in tandem with their accommodation services. Furthermore, the provision of sleeping car services by independent entities also falls under the purview of this category.

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