Samhi Hotels IPO Day 3 Subscription Status, GMP & Other Details
The Samhi Hotels IPO has witnessed impressive subscription numbers as it enters its third day of offering. With a subscription rate of 1.02 times the available shares, it has generated significant interest among investors. The subscription window for the Samhi Hotels IPO commenced on Thursday, September 14, and is set to conclude today, Monday, September 18.
Samhi Hotels IPO Subscription Status in Details
Retail Investors: The retail investors’ portion has garnered substantial interest, with a subscription rate of 83%.
Non-Institutional Investors (NII): The NII portion has seen a subscription rate of 27%.
Qualified Institutional Buyers (QIB): The QIB portion has been remarkably oversubscribed, with a subscription rate of 1.47 times.
Samhi Hotels IPO Subscription Status
As of 13:03 IST, data from the BSE reveals that the Samhi Hotels IPO has received bids for 6,40,50,560 shares against the total offer of 6,25,29,831 shares.
- Retail investors have placed bids for 95,04,649 shares against the allotted 1,14,34,033 shares.
- Non-institutional investors have shown interest by bidding for 45,58,771 shares, surpassing the 1,71,51,050 shares available.
- Qualified Institutional Buyers have displayed strong demand, with bids for 4,99,87,140 shares against the available 3,39,44,748 shares.
Samhi Hotels IPO Progress:
On the first day of the offering, the Samhi Hotels IPO subscription rate stood at 7%.
Samhi Hotels IPO Details
The Samhi Hotels IPO is priced in the range of ₹119 to ₹126 per equity share, each with a face value of ₹1. The company aims to raise ₹1,370.10 crore through this public offering, with ₹1,200 crore allocated for the fresh issue and ₹170.10 crore via the Offer for Sale (OFS) route.
Investors can subscribe to the Samhi Hotels IPO in lots of 119 equity shares and in multiples of 119 equity shares thereafter. Notably, Samhi Hotels already raised ₹616.50 crore from anchor investors on September 13.
The company intends to utilize the net proceeds from the fresh issue to repay its debts and for general corporate purposes. Leading the IPO are JM Financial and Kotak Mahindra Capital Company as book running lead managers, with Kfin Technologies serving as the IPO registrar.
Samhi Hotels IPO Important Dates
- The tentative date for the Samhi Hotels IPO share allotment is set for Friday, September 22.
- Shareholders who receive allotments will find their shares in their Demat accounts on Tuesday, September 26.
- The refund process for those who did not secure 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 Today
As of today, the Grey Market Premium (GMP) for Samhi IPO stands at +10, consistent with the previous trading session where it was +14.
Taking into consideration the upper end of the IPO price band and the current grey market premium, the estimated listing price for Samhi Hotels shares is projected to be ₹136 per share, marking a 7.94% increase over the IPO price of ₹126.
About Samhi Hotels:
Samhi Hotels, incorporated on December 28, 2010, is a non-government company registered with the Registrar of Companies in Delhi. Samhi Hotels Limited is primarily engaged in the provision of short-stay accommodation, including hotels and camping sites. This category also encompasses restaurants that operate in conjunction with lodging facilities. Furthermore, the operation of sleeping cars by separate units is included within this group.
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