IPO Details
Bidding Dates
13 Sep '23 - 17 Sep '23
Minimum Investment
₹14,994 / 1 Lots (119 Shares)
Price Range
₹119 - ₹126
Maximum Investment
₹194,922 / 13 Lots (1547 Shares)
Retail Discount
Not Applicable
Issue Size
₹1,370.10 Cr
Investor category and sub category
Qualified Institutional Buyers | Non-Institutional Investors | Retail Individual Investors |Samhi Hotels Ltd IPO Dates
Important dates with respect to IPO allotment and listing
IPO Opening Date
Sep 13, 2023
IPO Closing Date
Sep 17, 2023
Basis of Allotment
Sep 21, 2023
Initiation of Refunds
Sep 24, 2023
Credit of Shares to Demat Account
Sep 25, 2023
IPO Listing Date
Sep 26, 2023
UPI mandate confirmation
Sep 17, 2023
Samhi Hotels IPO Subscription Details
| Date | QIB | NII | Retail | Total |
|---|---|---|---|---|
Day 1Sep 13, 2023 |
0.00 | 0.03 | 0.37 | 0.07 |
Day 2Sep 14, 2023 |
0.00 | 0.07 | 0.61 | 0.13 |
Day 3Sep 17, 2023 |
9.18 | 1.29 | 1.17 | 5.57 |
Samhi Hotels IPO Subscription Live Status
| Investor Category | Subscription (Times) |
|---|---|
| Qualified Institutions Buyers | 9.18 |
| Non-Institutional Investors | 1.29 |
| Retail Investors | 1.17 |
| Total | 5.57 |
About Samhi Hotels Ltd
Samhi Hotels Limited is a leading hotel owner and asset manager in India, incorporated in 2010. It has a portfolio of 25 operating hotels comprising 3,839 keys and has a diverse geographic presence in 12 cities across India, including Delhi, Bengaluru, Hyderabad, Chennai and Pune. Samhi has 1 hotel under development with a total of 111 keys in Kolkata.
To expand its business, the company has adopted an acquisition-led strategy that is supported by its track record of buying and successfully rehabilitating hotels.
Samhi Hotels Limited IPO Details
Samhi Hotels Limited IPO Date
Samhi Hotels Limited IPO is a fresh issue of ₹1,200 crores with equity shares aggregating up to 9,52,38,095 shares and an offer for sale of ₹170.10 crore with equity shares aggregating up to 1,35,00,000 shares. Samhi Hotels Limited’s IPO will be listed on the NSE and BSE exchange on September 27, 2023.
Samhi Hotels Limited IPO Price Band
The price range of the IPO has been fixed at ₹119 to ₹126 per share.
Samhi Hotels Limited IPO Lot Size
The Samhi Hotels Limited IPO lot size is 119 shares and the minimum investment will be ₹14,994.
Samhi Hotels Limited IPO Objectives
The objectives of Samhi Hotels Limited IPO are listed below:
- Repayment/ prepayment/ redemption, in full or in part, of certain borrowings availed of by the company and the subsidiaries including payment of the interest accrued thereon.
- For general corporate purposes.
Peer Details
Some of the major peers of Samhi Hotels Limited include the following:
-
Chalet Hotels Limited
-
Lemon Tree Hotels Limited
-
Indian Hotels Company Limited
-
EIH Limited
How To Check the Allotment Status of the Samhi Hotels Limited IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the IPO Section and then to IPO Orders
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of Samhi Hotels Limited
Registered office: Caspia Hotels Delhi, District Centre Crossing, Opposite Galaxy Toyota, Outer Ring Road, Haider Pur, Shalimar Bagh, New Delhi 110 088,
India.
Phone: +91 124 4910 100
E-mail: compliance@samhi.co.in
Samhi Hotels Ltd Company Financials
| Particulars | Period Ending on March, 31st 2023 (₹ in Cr.) | Period Ending on March, 31st 2022 (₹ in Cr.) | Period Ending on March, 31st 2021 (₹ in Cr.) |
|---|---|---|---|
| Total Income | 761.42 | 333.10 | 179.25 |
| Profit After Tax (PAT) | -338.59 | -443.25 | -477.73 |
| Assets | 2,263.00 | 2,386.58 | 2,488.00 |
| Total Borrowings | 2,787.54 | 2,597.69 | 2,424.40 |
| Reserves and Surplus | -816.18 | -646.47 | -203.12 |
Know before investing
Strengths
4-
The company possesses the capability to acquire dislocated hotels and demonstrated a track record of re-rating hotel performance through renovation and/or rebranding. This strategy has helped the business to establish an asset ownership business model that has enabled it to achieve scale and earnings growth by incurring lower capital expenditures.
-
The company's hotels are situated in 12 Indian cities that are significant urban consumer hubs and account for 90% of the country's office space and 70% of its air passenger traffic for the six months ending September 30, 2022. As a result, the company benefited by diversifying across locations, price points, and hotel operators, which lessened the impact of market volatility in any of its core markets.
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The company is focused on hotel segments with high growth potential from strong existing domestic demand and increasing demand from international travellers.
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The company's growth plans centre on increasing the profitability of its portfolio, allocating money to projects that will lead to accretive growth, exploiting further growth prospects in the hospitality sector, and utilising its breadth of industry expertise.
Risks
3-
The company's debt and the limitations and requirements imposed by its financing arrangements may prevent it from expanding its operations.
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The majority of the company's revenue originates from a small number of hotels that are concentrated in a small number of geographic areas; therefore, any negative events impacting these hotels or regions could have a negative impact on the company's operations.
-
The directors of the business, its subsidiaries, and the ACIC SPVs are all parties to legal disputes. Any of these proceedings could have a negative outcome that hurts the company's reputation, profitability, and business.
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Samhi Hotels Ltd IPO FAQs
Samhi Hotels Limited is a fresh issue and Offer for Sale IPO comprising 10,87,38,095 shares. It is a book-built issue IPO.
The Basis of Allotment will be on September 22, 2023.
The IPO subscription window will open on September 14, 2023.
Retail investors can apply for a minimum of one lot containing 119 shares.
Samhi Hotels Limited IPO will be listed on BSE and NSE. The date of listing is September 27, 2023.
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the IPO Section and then to IPO Orders
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.
Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
