The Samhi Hotels Ltd date has been confirmed from September 14 and ended on September 18
Samhi Hotels Ltd initial public offering (IPO) is a 100% new issuance with equity shares worth up to Rs 1000 crore and an offer for sale of up to Rs 90,00,000 equity shares. The IPO of Samhi Hotels Limited will be listed on the NSE exchange; the date has yet to be disclosed.
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Bidding Dates
September 14 – 18
Price Range
₹119 to ₹126 per share
Face Value
₹1 per share
GMP
₹8
Samhi Hotels Ltd GMP
The Samhi Hotels Ltd IPO GMP is ₹[8].
IPO Overview
SAMHI Hotels’ IPO is a book-built issue of Rs 1,370.10 crores. The issue is a fresh issue of 9.52 crore shares aggregating to Rs 1,200.00 crores and an offer for sale of 1.35 crore shares aggregating to Rs 170.10 crores.
SAMHI Hotels IPO price band is set at ₹119 to ₹126 per share. The minimum lot size for an application is 119 Shares. The minimum amount of investment required by retail investors is ₹14,994. The minimum lot size investment for sNII is 14 lots (1,666 shares), amounting to ₹209,916; for bNII, it is 67 lots (7,973 shares), amounting to ₹1,004,598.
SAMHI Hotels IPO Details
| IPO Date | September 14, 2023 to September 18, 2023 |
| Listing Date | September 22, 2023 |
| Face Value | ₹1 per share |
| Price Band | ₹119 to ₹126 per share |
| Lot Size | 119 Shares |
| Total Issue Size | 108,738,095 shares (aggregating up to ₹1,370.10 Cr) |
| Fresh Issue | 95,238,095 shares (aggregating up to ₹1,200.00 Cr) |
| Offer for Sale | 13,500,000 shares of ₹1 (aggregating up to ₹170.10 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 122,797,231 |
| Share holding post issue | 218,035,326 |
Samhi Hotels Ltd IPO Market Lot
Investors can bid for a minimum of 119 shares and in multiples thereof. The table below depicts the minimum and maximum investment by retail investors and HNI regarding shares and amounts.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 119 | ₹14,994 |
| Retail (Max) | 13 | 1547 | ₹194,922 |
| S-HNI (Min) | 14 | 1,666 | ₹209,916 |
| S-HNI (Max) | 66 | 7,854 | ₹989,604 |
| B-HNI (Min) | 67 | 7,973 | ₹1,004,598 |
SAMHI Hotels IPO Timeline
SAMHI Hotels IPO opens on September 14, 2023, and closes on September 18, 2023.
| IPO Open Date | Thursday, September 14, 2023 |
| IPO Close Date | Monday, September 18, 2023 |
| Basis of Allotment | Friday, September 22, 2023 |
| Initiation of Refunds | Monday, September 25, 2023 |
| Credit of Shares to Demat | Tuesday, September 26, 2023 |
| Listing Date | Friday, September 22, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 18, 2023 |
SAMHI Hotels IPO Reservation
SAMHI Hotels IPO offers 108,738,095 shares. 32,621,429 (30.00%) to QIB, 16,310,714 (15.00%) to NII, 10,873,809 (10.00%) to RII 48,932,143 (45.00%) to Anchor investors. 91,376 RIIs will receive minimum 119 shares and 3,263 (sNII) and 6,526 (bNII) will receive minimum 1,666 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
| Anchor Investor Shares Offered | 48,932,143 (45.00%) | NA |
| QIB Shares Offered | 32,621,429 (30.00%) | NA |
| NII (HNI) Shares Offered | 16,310,714 (15.00%) | |
| bNII > ₹10L | 10,873,809 (10.00%) | 6,526 |
| sNII < ₹10L | 5,436,905 (5.00%) | 3,263 |
| Retail Shares Offered | 10,873,809 (10.00%) | 91,376 |
| Total Shares Offered | 108,738,095 (100%) |
SAMHI Hotels IPO Anchor Investors Details
SAMHI Hotels IPO raises Rs 616.55 crore from anchor investors. SAMHI Hotels IPO Anchor bid date is September 13, 2023.
| Bid Date | September 13, 2023 |
| Shares Offered | 48,932,143 |
| Anchor Portion Size (In Cr.) | 616.55 |
| Anchor lock-in period end date for 50% shares (30 Days) | November 7, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | February 2, 2024 |
Company Profile
Samhi Hotels Limited is India’s primary hotel owner and asset manager. It operates 25 hotels with 3,839 keys and has a broad geographic presence in 12 cities across India, including Delhi, Bengaluru, Hyderabad, Chennai, and Pune. In Kolkata, Samhi has one hotel under construction with 111 keys. The opening and closing dates of the IPO have yet to be announced. SAMHI has adopted an acquisition led strategy which is underpinned by its track record of acquiring and successfully turning around hotels to grow its business. SAMHI has two hotels under development with 461 keys in Kolkata and Navi Mumbai.
SAMHI Hotels has a portfolio of 4,801 keys across 31 operating hotels in 14 of India’s critical urban consumption centres, 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 two developing hotels with 461 keys in Kolkata and Navi Mumbai.
Registrar Info
| Name | Kfin Technologies Limited |
| Phone number | 04067162222, 04079611000 |
| Email ID | samhihotels.ipo@kfintech.com |
| Website | https://kosmic.kfintech.com/ipostatus/ |
Contact Details
| Name | SAMHI Hotels Limited |
| Phone number | +91 124 4910 100 |
| Email ID | compliance@samhi.co.in |
| Website | https://www.samhi.co.in/index.php |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
