SAMHI Hotels IPO Detail
Incorporated in 2010, SAMHI Hotels Limited is a branded hotel ownership and asset management platform in India.
SAMHI Hotels has a portfolio of 4,801 keys across 31 operating hotels in 14 of India's key urban consumption centers, including Bengaluru, Karnataka; Hyderabad, Telangana; National Capital Region (NCR); Pune, Maharashtra; Chennai, Tamil Nadu; and Ahmedabad, Gujarat as of March 31, 2023. The company also has 2 hotels under development with a total of 461 keys in Kolkata and Navi Mumbai.
On August 10, 2023, the company acquired Asiya Capital and the ACIC SPVs (the ACIC SSPA) which gained the company an additional 962 keys across six operating hotels and land for the development of a hotel in Navi Mumbai, Maharashtra.
SAMHI's hotels operate under well-recognized hotel operators such as Courtyard by Marriott, Sheraton, Hyatt Regency, Hyatt Place, Fairfield by Marriott, Four Points by Sheraton, and Holiday Inn Express, which provide its hotels' access to the operator's loyalty programs, management and operational expertise, industry best practices, online reservation systems, and marketing strategies.
Company Promoters
IPO Details
| IPO Opening Date | Sep 14, 2023 |
| IPO Closing Date | Sep 18, 2023 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹1 per equity share |
| IPO Price | ₹119 - 126 per equity share |
| Market Lot | 119 Shares |
| Min Order Quantity | 119 Shares |
| Listing At | BSE, NSE |
| Issue Size | ₹1,370.10 Cr |
| Fresh Issue | ₹1,370.10 Cr |
| Offer for Sale | ₹170.10 Cr |
| Retail Portion | 10% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.00x | - | - | 0.07x | 0.61x | 0.13x |
| Day 2 | 9.18x | - | - | 1.29x | 1.17x | 5.57x |
IPO Tentative Timetable
The SAMHI Hotels IPO open date is Sep 14, 2023, and the close date is Sep 18, 2023. The issue may list on Sep 27, 2023.
| IPO Open Date | Sep 14, 2023 |
| IPO Close Date | Sep 18, 2023 |
| Basis of Allotment Date | Sep 22, 2023 |
| Initiation of Refunds | Sep 25, 2023 |
| Credit of Shares to Demat Account | Sep 26, 2023 |
| IPO Listing Date | Sep 27, 2023 |
IPO Lot Size
The SAMHI Hotels IPO market lot size is 119 shares. A retail-individual investor can apply for up to 13 lots (1547 shares or ₹194922).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 119 | ₹14994 |
| Maximum | 13 | 1547 | ₹194922 |
Company Financials:
For the year/period ended (₹ in Cr.)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 2488.00 | 179.25 | -477.73 |
| 31-Mar-22 | 2386.58 | 333.10 | -443.25 |
| 31-Mar-23 | 2263.00 | 761.42 | -338.59 |
Objects of the Issue:
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- 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.
- General corporate purposes.
SAMHI Hotels IPO Registrar:
KFin Technologies Limited
SAMHI Hotels IPO Lead Manager(s):
Jm Financial Limited Kotak Mahindra Capital Company Limited
Company Contact Information:
SAMHI Hotels
Caspia Hotels Delhi, District Centre Crossing,
Opposite Galaxy Toyota, Outer Ring Road,
Haider Pur, Shalimar Bagh, New Delhi - 110 088
