Bookbuilding IPO | ₹1,370 Cr | Listed at BSE, NSE | Thu, Sep 14, 2023 - Mon, Sep 18, 2023
SAMHI Hotels IPO is a book build issue of ₹1,370.10 crores. The issue is a combination of fresh issue of 9.52 crore shares aggregating to ₹1,200.00 crores and offer for sale of 1.35 crore shares aggregating to ₹170.10 crores.
SAMHI Hotels IPO bidding started from Sep 14, 2023 and ended on Sep 18, 2023. The allotment for SAMHI Hotels IPO was finalized on Sep 22, 2023. The shares got listed on BSE, NSE on Sep 22, 2023.
SAMHI Hotels IPO price band is set at ₹126 per share. The lot size for an application is 119. The minimum amount of investment required by an retail is ₹14,994 (119 shares) (based on upper price). The lot size investment for sNII is 14 lots (1,666 shares), amounting to ₹2,09,916, and for bNII, it is 67 lots (7,973 shares), amounting to ₹10,04,598.
JM Financial Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to SAMHI Hotels IPO RHP for detailed Information.
IPO Open
Thu, Sep 14, 2023
IPO Close
Mon, Sep 18, 2023
Issue Price
₹126 per share
Market Cap (Pre-IPO)
₹2,747.00 Cr
| IPO Date | 14 to 18 Sep, 2023 |
| Listed on | Fri, Sep 22, 2023 |
| Face Value | ₹1 per share |
| Price Band | ₹119 to ₹126 |
| Issue Price | ₹126 per share |
| Lot Size | 119 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 10,87,38,095 shares (agg. up to ₹1,370 Cr) |
| Fresh Issue | 9,52,38,095 shares (agg. up to ₹1,200 Cr) |
| Offer for Sale | 1,35,00,000 shares of ₹1 (agg. up to ₹170 Cr) |
| Share Holding Post Issue | 21,80,35,326 shares |
| BSE Script Code / NSE Symbol | 543984 / SAMHI |
| ISIN | INE08U801020 |
SAMHI Hotels IPO offers total 10,87,38,095 shares. Out of which 8,15,53,572 (75.00%) allocated to QIB, 3,26,21,429 (30.00%) allocated to QIB (Ex- Anchor), 1,63,10,714 (15.00%) allocated to NII 1,08,73,809 (10.00%) allocated to RII and 4,89,32,143 (45.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | 8,15,53,572 (75.00%) | NA |
| − Anchor Investor Shares Offered | 4,89,32,143 (45.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 3,26,21,429 (30.00%) | NA |
| NII (HNI) Shares Offered | 1,63,10,714 (15.00%) | NA |
| − bNII > ₹10L | 1,08,73,809 (10.00%) | 6,526 |
| − sNII < ₹10L | 54,36,905 (5.00%) | 3,263 |
| Retail Shares Offered | 1,08,73,809 (10.00%) | 91,376 |
| Total Shares Offered | 10,87,38,095 (100.00%) |
Investors can bid for a minimum of 119 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 119 | ₹14,994 |
| Retail (Max) | 13 | 1,547 | ₹1,94,922 |
| S-HNI (Min) | 14 | 1,666 | ₹2,09,916 |
| S-HNI (Max) | 66 | 7,854 | ₹9,89,604 |
| B-HNI (Min) | 67 | 7,973 | ₹10,04,598 |
SAMHI Hotels IPO raises ₹616.55 crore from anchor investors. SAMHI Hotels IPO Anchor bid date is September 13, 2023.
📝 Anchor Investors Letter (PDF)
| Bid Date | Wed, Sep 13, 2023 |
| Shares Offered | 4,89,32,143 |
| Anchor Portion (₹ Cr.) | 616.55 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sun, Oct 22, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | Thu, Dec 21, 2023 |
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.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Assets | 2,263.00 | 2,386.58 | 2,488.00 |
| Total Income | 761.42 | 333.10 | 179.25 |
| Profit After Tax | -338.59 | -443.25 | -477.73 |
| NET Worth | -871.43 | -702.63 | -259.28 |
| Reserves and Surplus | -816.18 | -646.47 | -203.12 |
| Total Borrowing | 2,787.54 | 2,597.69 | 2,424.40 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment/ prepayment/ redemption, in full or in part, of certain borrowings availed of by the Company and our Subsidiaries including payment of the interest accrued thereon; and | 900.00 |
| 2 | General corporate purposes. | 241.41 |
The SAMHI Hotels IPO is subscribed 5.57 times on September 18, 2023 7:02:00 PM (Day 3). The public issue subscribed 1.17 times in the retail category, 9.18 times in the QIB category, and 1.29 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 9.18 | 3,26,21,429 | 29,93,38,669 |
| NII | 1.29 | 1,63,10,714 | 2,09,93,504 |
| bNII (bids above ₹10L) | 1.42 | 1,08,73,809 | 1,54,72,142 |
| sNII (bids below ₹10L) | 1.02 | 54,36,905 | 55,21,362 |
| Retail | 1.17 | 1,08,73,809 | 1,26,73,738 |
| Total | 5.57 | 5,98,05,952 | 33,30,05,911 |
Total Application : 90,561
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the BRLMs including underwriting commission, brokerage and selling commission, as applicable | 3.44 |
| 2 | Selling commission and processing fees for SCSBs(1)(2) and Bidding Charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs(3)(4) | 0.15 |
| 3 | Fees payable to the Registrar to the Offer | 0.00 |
| 4 | Other expenses: (i) Listing fees, SEBI filing fees, book building software fees and other regulatory expenses | 0.37 |
| 5 | Other expenses: (ii) Printing and stationery expenses | 0.15 |
| 6 | Other expenses: (iii) Advertising and marketing expenses | 0.24 |
| 7 | Other expenses: (iv) Fees payable to the legal counsels to the Offer | 0.77 |
| 8 | Other expenses: (v) Fees payable to the statutory auditors, independent chartered accountants, other consultant and industry expert# | 1.14 |
| 9 | Other expenses: (vi) Miscellaneous | 0.45 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹126.00 | ₹126.00 |
| Open | ₹130.55 | ₹134.50 |
| Low | ₹127.45 | ₹127.25 |
| High | ₹146.45 | ₹146.60 |
| Last Trade | ₹143.55 | ₹143.40 |
Lead Manager Reports
SAMHI Hotels IPO is a main-board IPO of 10,87,38,095 equity shares of the face value of ₹1 aggregating up to ₹1,370 Crores. The issue is priced at ₹126 per share. The minimum order quantity is 119.
The IPO opens on Thu, Sep 14, 2023, and closes on Mon, Sep 18, 2023.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in SAMHI Hotels IPO using UPI as a payment gateway. Zerodha customers can apply in SAMHI Hotels IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in SAMHI Hotels IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The SAMHI Hotels IPO opens on Thu, Sep 14, 2023 and closes on Mon, Sep 18, 2023.
SAMHI Hotels IPO lot size is 119, and the minimum amount required for application is ₹14,994.
You can apply in SAMHI Hotels IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for SAMHI Hotels IPO will be done on Friday, September 22, 2023, and the allotted shares will be credited to your demat account by Tue, Sep 26, 2023. Check the SAMHI Hotels IPO allotment status.
The SAMHI Hotels IPO listing date is on Fri, Sep 22, 2023.
