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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 ₹126.00 per share . The lot size for an application is 119. The minimum amount of investment required by an retail is ₹14,161 (119 shares). 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 Date | September 14, 2023 to September 18, 2023 |
| Listing Date | September 22, 2023 |
| Face Value | ₹1 per share |
| Issue Price Band | ₹119 to ₹126 per share |
| Issue Price Final | ₹126 per share |
| Lot Size | 119 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 10,87,38,095 shares (aggregating up to ₹1,370.10 Cr) |
| Fresh Issue | 9,52,38,095 shares (aggregating up to ₹1,200.00 Cr) |
| Offer for Sale | 1,35,00,000 shares of ₹1 (aggregating up to ₹170.10 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Post Issue | 21,80,35,326 shares |
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, 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 | Maximum 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%) |
SAMHI Hotels IPO raises ₹616.55 crore from anchor investors. SAMHI Hotels IPO Anchor bid date is September 13, 2023. SAMHI Hotels IPO Anchor Investors list
| Bid Date | September 13, 2023 |
| Shares Offered | 4,89,32,143 |
| Anchor Portion Size (In Cr.) | 616.55 |
| Anchor lock-in period end date for 50% shares (30 Days) | October 22, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | December 21, 2023 |
SAMHI Hotels IPO opens on September 14, 2023, and closes on September 18, 2023.
| IPO Open Date | Thu, Sep 14, 2023 |
| IPO Close Date | Mon, Sep 18, 2023 |
| Tentative Allotment | Fri, Sep 22, 2023 |
| Initiation of Refunds | Mon, Sep 25, 2023 |
| Credit of Shares to Demat | Tue, Sep 26, 2023 |
| Tentative Listing Date | Fri, Sep 22, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Sep 18, 2023 |
Investors can bid for a minimum of 119 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
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 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 2,488.00 | 2,386.58 | 2,263.00 |
| Total Income | 179.25 | 333.10 | 761.42 |
| Profit After Tax | -477.73 | -443.25 | -338.59 |
| Net Worth | -259.28 | -702.63 | -871.43 |
| Reserves and Surplus | -203.12 | -646.47 | -816.18 |
| Total Borrowing | 2,424.40 | 2,597.69 | 2,787.54 |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
[Dilip Davda] The company is trying to encase its brand value with many premium brands. It has been posting losses for all these years so far and has a negative NAV. No doubt, we are witnessing fancy for the hospitality sector post-Covid, and this company may attract more investors once it turns the corner. However, well-informed/cash surplus/risk seeker investors may park moderate funds for long-term rewards. Read detail review...
| Listing Date | September 22, 2023 |
| BSE Script Code | 543984 |
| NSE Symbol | SAMHI |
| ISIN | INE08U801020 |
| Final Issue Price | ₹126 per share |
| BSE Listing Group | B |
SAMHI Hotels Ltd.
Caspia Hotels Delhi, District Centre Crossing,
Opposite Galaxy Toyota, Outer Ring Road,
Haider Pur, Shalimar Bagh, New Delhi - 110 088
Delhi, New Delhi
Phone: +91 124 4910 100
Email: compliance@samhi.co.in
Website: https://www.samhi.co.in/index.php
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: samhihotels.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
SAMHI Hotels IPO is a main-board IPO of 10,87,38,095 equity shares of the face value of ₹1 aggregating up to ₹1,370.10 Crores. The issue is priced at ₹126 per share. The minimum order quantity is 119.
The IPO opens on September 14, 2023, and closes on September 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 September 14, 2023 and closes on September 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 Tuesday, September 26, 2023. Check the SAMHI Hotels IPO allotment status.
The SAMHI Hotels IPO listing date is on Friday, September 22, 2023.
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