Last Updated: September 14, 2023, 11:49 IST
Samhi Hotels IPO Subscription Day 1: The initial public offering (IPO) of Samhi Hotels Limited has opened for subscription today and it will remain open for subscription till September 18, 2023. SAMHI Hotels is a prominent hotel ownership and asset management platform in India, with the third largest inventory of operational keys (owned and leased) in the country as of February 2023.
The issue comprises fresh issuance of equity shares worth Rs 1.200 crore and an offer for sale (OFS) of up to 1.35 crore equity shares.
Samhi Hotels IPO price: The company has fixed price band of the book build issue at Rs 119 to Rs 126 per equity share.
Samhi Hotels IPO date: The book build issue has opened today and it will remain open till 18th September 2023.
Samhi Hotels IPO size: The company aims to raise 1,370.10 crore from this public issue out of which Rs 1,200 crore is aimed from fresh issue and rest Rs 170.10 crore is expected via OFS (offer for sale) route.
Samhi Hotels IPO lot size: A bidder will be able to apply in lots and one lot will comprise 119 company shares.
Samhi Hotels IPO allotment date: Tentative date for finalisation of share allocation is 22nd September 2023.
Samhi Hotels IPO registrar: KFin Technologies Limited has been appointed as official registrar of the book build issue.
Samhi Hotels IPO listing: The public offer is proposed for listing on BSE and NSE.
Samhi Hotels IPO listing date: The likely date for share listing is September 27, 2023.
Samhi Hotels IPO GMP today: According to market observers, Samhi Hotels IPO grey market premium (GMP) today is Rs 35.
JM Financial and Kotak Mahindra Capital Company are the book-running lead managers for the issue, and KFin Technologies is the registrar.
Samhi Hotels IPO review:
Choice Broking said: “On the back of favorable macros like continued higher domestic business & personal travels, hotel room demand in excess of supply and improving occupancy levels & room rents, the hotel sector is showing positive traction in the operating and financial performance. SHL with its multi-brand presence across the price points is likely to benefit from this up-cycle. The company has reported net loss during FY20-23, further we are anticipating continued losses in the medium term but of lower magnitude. Thus, we assign a ‘Subscribe with Caution’ rating for the issue.”