Samhi Hotels, a prominent hotel property owner, is set to open its initial public offering (IPO) for subscription starting from Thursday, September 14. The company has unveiled the IPO price band and key details regarding the offering.
The Samhi Hotels IPO, valued at ₹1,370.10 crores, will be available for subscription until Monday, September 18.
As of March 31, 2023, Samhi Hotels boasts an impressive portfolio of 4,801 keys distributed across 31 operational hotels situated in 14 major urban centers in India. By February 2023, it had established itself as the largest owner of Fairfield by Marriott and Holiday Inn Express brands in India. The company operates under long-term management agreements with renowned global hotel operators such as Marriott, Hyatt, and IHG.
Let’s delve into the essential information you need to know about the Samhi Hotels IPO:
Samhi Hotels IPO: 10 Key Points to Consider.
Samhi Hotels IPO Dates:
The Samhi Hotels IPO, backed by Goldman Sachs, will open for public subscription on Thursday, September 14, and close on Monday, September 18. Anchor investor bidding will commence on September 13, as outlined in the red herring prospectus (RHP).
Samhi Hotels IPO Price Band:
The IPO’s price band has been set at ₹119 to ₹126 per share, with a face value of Re 1 per share.
Samhi Hotels IPO Issue Size:
Samhi Hotels IPO comprises a fresh issue of equity shares valued at ₹1,200 crores, along with an Offer For Sale (OFS) of 1.35 crore equity shares by existing shareholders. At the upper end of the price band, the company aims to raise up to ₹1,370.10 crores through this maiden public offering.
Samhi Hotels IPO OFS Details:
In the OFS, Blue Chandra Pte Ltd intends to sell up to 84.28 lakh equity shares, Goldman Sachs Investments Holdings (Asia) Ltd plans to offload up to 49.31 lakh equity shares, and GTI Capital Alpha Pvt Ltd will divest up to 1.4 lakh equity shares in Samhi Hotels.
Samhi Hotels IPO Lot Size:
The lot size for the Samhi Hotels IPO is 119 shares, requiring a minimum investment of ₹14,994 for retail investors.
Samhi Hotels IPO Allotment and Listing:
Samhi Hotels IPO allotment is scheduled to be finalized on September 22, with refunds anticipated to commence on September 25. Shares will be credited to eligible allottees’ demat accounts on September 26. Samhi Hotels shares are slated for listing on Wednesday, September 27, on both BSE and NSE.
Samhi Hotels IPO Reservation:
Samhi Hotels has allocated 75% of IPO shares to Qualified Institutional Buyers (QIBs), 15% to Non-Institutional Investors (NIIs), and the remaining 10% to Retail Individual Investors.
Samhi Hotels IPO Objective:
Based in Gurugram, the company intends to employ the net proceeds from the fresh issue to repay debt and for general corporate purposes.
Samhi Hotels IPO Lead Managers and Registrar:
JM Financial and Kotak Mahindra Capital Company are the book running lead managers for the IPO, while Kfin Technologies serves as the IPO registrar.
Samhi Hotels IPO GMP Today:
As per market analysts, the Samhi Hotels IPO GMP today, or grey market premium today, stands at ₹75 per share. This indicates that Samhi Hotels shares are trading at a premium of ₹75 per share compared to the issue price in the grey market.
Considering the current GMP and the issue price, Samhi Hotels’ share listing is projected to be at ₹161 per share, reflecting a premium of 27.78%.
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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