Samhi Hotels IPO: Premium and Key Details

Orhan Wadia
Orhan Wadia  - Editor
4 Min Read
Photo: Courtesy Samhi Hotels Limited website

Samhi Hotels Limited is a prominent player in the Indian hospitality industry, known for its upscale and mid-scale hotel properties in key urban centers across the country. With a strategic focus on partnerships and portfolio growth, the company has made a significant mark in the flourishing hospitality sector. Samhi Hotels has recently launched its initial public offering (IPO) to raise capital for various financial purposes, including the repayment of borrowings and interest accrued. While its financials have seen fluctuations, the company’s commitment to providing quality accommodation and its esteemed global partnerships make it a noteworthy player in the Indian hospitality landscape.

Samhi Hotels IPO GMP Today:

Market observers report that Samhi Hotels IPO is trading at a premium of ₹35 in the grey market today.

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Samhi Hotels IPO Price Band:

The price band for the Samhi Hotels IPO has been set at ₹119 to ₹126 per equity share.

Subscription Period:

The Samhi Hotels IPO is open for subscription and will continue to accept bids until September 18, 2023.

Fundraising Goal:

Samhi Hotels aims to raise ₹1,370.10 crore through its public offering, with ₹1,200 crore from fresh issues and ₹170.10 crore via OFS (offer for sale).

Lot Size:

Investors can apply for the Samhi Hotels IPO in lots, with each lot comprising 119 company shares.

Allotment Date:

The expected date for finalizing share allocation is September 22, 2023.

Registrar:

KFin Technologies Limited serves as the official registrar for the book build issue.

Listing Exchanges:

The public offer plans to list on both the BSE and NSE exchanges.

Listing Date:

Samhi Hotels IPO shares are likely to be listed on September 27, 2023.

Expert Analysis and Review

A SEBI Registered Analyst at Stock Market Today, noted that while Samhi Hotels’ assets have decreased by around 8.5% from March 2021 to March 2023, its revenue has surged from ₹179.25 crore to ₹761.42 crore. The total borrowing has increased by ₹2,424.40 crore to ₹2,787.54 crore during the same period. Reserves have reduced from -₹203.12 crore to -₹816.18 crore. The company plans to use the funds for the repayment, prepayment, or redemption of certain borrowings, including accrued interest.

The expert pointed out that the company has a low PE and NAV, and high-risk investors may consider subscribing to the book build issue.

One of the Investment Committee Member at New Development Bank, International Finance Corporation World Bank, emphasized that Samhi Hotels IPO offers an opportunity to invest in the growing Indian hospitality sector. The company’s strategic presence in key urban centers and commitment to upscale and mid-scale segments make it a compelling prospect. However, thorough due diligence is recommended before making any investment decisions.

Please note that the views and recommendations provided are those of individual analysts or broking companies and not of Mint. Investors are advised to consult certified experts before making investment decisions.

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