The Samhi Hotels Initial Public Offering (IPO) was begun for subscription on September 14, 2023, and it will end on September 18, 2023. Samhi Hotels’ initial public offering (IPO) aims to generate about ₹1370 crores via the sale of 13,500,000 equity shares at a price of ₹1 each and a new issuance of ₹1200 crores. The retail quota is 10%, followed by QIB at 75% and HNI at 15%. On Friday, September 22, 2023, the SAMHI Hotels IPO Allotment Status procedure is projected to be finished. Refunds will begin on September 25, 2023, shares will be credited to demat accounts on September 26, 2023, and Wednesday, September 27, 2023, has been set aside for the listing day.
SAMHI Hotels IPO Allotment Status
According to BSE statistics, there have been bids for 43,39,930 shares out of the 6,25,29,831 shares that are being offered in the Samhi Hotels IPO. The retail investors’ component of the SAMHI Hotels IPO Allotment Status got bids for 39,13,672 shares against the 1,14,34,033 shares that were on sale for this segment. Against the 1,71,51,050 shares that were on sale for non-institutional investors in the Samhi IPO, bids for 4,24,354 shares were received.
The pricing band for SAMHI Hotels IPO Allotment Status is ₹119 to ₹126 per equity share with a face value of ₹1. The business seeks to raise ₹1,370.10 crore via this public offering, with ₹1,200 crore coming through a new issuance and ₹170.10 crore from an OFS route. Samhi Hotels’ IPO is 119 equity shares and subsequent multiples of 119. Blue Chandra Pte. Ltd. sold 8.4% of the firm, 10.32 million shares, to Madhuri Kela, wife of famed investor Madhusudan Kela, Nuvama Crossover Opportunities Fund, and TIMF Holdings, for ₹130 crore before its IPO.
Samhi Hotels IPO GMP
The grey market premium for Samhi IPO is now at +10, which is the same as in the previous trading session. On Wednesday, the GMP for the Samhi IPO was +14. When the top end of the IPO price range and the current premium on the grey market are taken into consideration, the anticipated listing price of Samhi Hotels shares is 136 each.
| Name | SAMHI Hotels |
| IPO Open | September 14, 2023 |
| IPO Close | September 18, 2023 |
| IPO Size | Approx ₹1370 Crores |
| Fresh Issue | Approx ₹1200 Crores |
| Offer for Sale | Approx 13,500,000 Shares |
| Face Value | ₹1 Per Equity Share |
| IPO Price band | ₹119 to ₹126 per share |
| Retail Quota | 10% |
| QIB Quota | 75% |
| NII Quota | 15% |
| Basis of Allotment | September 22, 2023 |
| Initiation of Refunds | September 25, 2023 |
| The credit of Shares to Demat | September 26, 2023 |
| Listing Date | September 27, 2023 |
| IPO Listing on | BSE & NSE |
This represents a 7.94% premium over the IPO price of 126, which was the lowest possible price at which the shares could be sold. The term “grey market premium” refers to the willingness of investors to pay an amount that is more than the issue price. Through the IPO, the business hopes to raise around ₹1,370.10 crores, with a set price per equity share of between ₹119 and ₹126. On the NSE BSE, the IPO will be listed.
How to check the SAMHI Hotels IPO Allotment Status?
- Visit the website for the SAMHI Hotels IPO allotment status.
- The “SAMHI Hotels IPO Allotment Status” button should be clicked.
- Your PAN number, application number, or DP Client ID for the demat account should be entered.
- Select “Search” from the menu.
- Examine the allotment result, which will contain information such as your name, PAN number, Application Number, the number of shares you requested, and the number of shares you were actually given.
SAMHI Hotels IPO Objects of the Issue
- Repayment/prepayment/redemption, in whole or in part, of certain borrowings used by our company and its subsidiaries, together with payment of interest accruing upon
- General corporate purposes
Samhi Hotels IPO Valuation
Examine Samhi Hotels IPO value information, including the Earnings Per Share (EPS), Price/Earnings P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) statistics.
- Retail Quota: 10%
- QIB Quota: 75%
- NII Quota: 15%
Samhi Hotels IPO Review
First-class hotels are purchased or built by Samhi Hotels Ltd, which subsequently renovates, rebrands, and evaluates the property before effectively operating it. Even though it has only been in business for 13 years, it gained 369 keys in the most recent fiscal year (FY23), placing it as the third-largest hotel owner in terms of keys.
The Gurguram-based business plans to use the net proceeds of the new issuance to pay down debt and for other general business needs. The book-running lead managers for the IPO are JM Financial and Kotak Mahindra Capital Company, while Kfin Technologies is the IPO registrar.