Founded in 2010, SAMHI Hotels Limited is a distinguished player in the Indian hospitality industry, specializing in branded hotel ownership and asset management.
As of March 31, 2023, SAMHI Hotels boasts an impressive portfolio, encompassing 4,801 keys distributed across 31 operational hotels strategically located in 14 of India’s prominent urban consumption centers. These locations include Bengaluru, Karnataka; Hyderabad, Telangana; National Capital Region (NCR); Pune, Maharashtra; Chennai, Tamil Nadu; and Ahmedabad, Gujarat. Additionally, the company has two hotels under development, comprising a total of 461 keys, situated in Kolkata and Navi Mumbai.
An important development in SAMHI’s growth trajectory occurred on August 10, 2023, when the company acquired Asiya Capital and the ACIC SPVs (the ACIC SSPA). This acquisition added a substantial 962 keys to the company’s portfolio, spanning six operating hotels. It also included land earmarked for the development of a new hotel in Navi Mumbai, Maharashtra.
SAMHI’s hotels operate under the banners of renowned hotel operators such as Courtyard by Marriott, Sheraton, Hyatt Regency, Hyatt Place, Fairfield by Marriott, Four Points by Sheraton, and Holiday Inn Express. These affiliations grant SAMHI Hotels access to the operator’s loyalty programs, management and operational expertise, industry best practices, online reservation systems, and effective marketing strategies, enhancing the value proposition of its hotels.
SAMHI Hotels IPO Details #
SAMHI Hotels IPO is a Book Built Issue. The IPO total issue size is Rs [.]. The SAMHI Hotels IPO price is ₹119 to ₹126 per share. The IPO will list on BSE, NSE.
| IPO Date | September 14, 2023 to September 18, 2023 |
| Listing Date | [.] |
| Face Value | ₹1 per share |
| Price | ₹119 to ₹126 per share |
| Lot Size | 119 Shares |
| Total Issue Size | |
| Fresh Issue | [.] shares (aggregating up to ₹1,200.00 Cr) |
| Offer for Sale | 13,500,000 shares of ₹1 (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 122,797,231 |
SAMHI Hotels IPO Reservation #
| QIB Shares Offered | Not less than 75.00% of the Net offer |
| NII (HNI) Shares Offered | Not more than 15.00% of the Offer |
| Retail Shares Offered | Not more than 10.00% of the Offer |
SAMHI Hotels IPO Timetable (Tentative) #
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 | Wednesday, September 27, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 18, 2023 |
SAMHI Hotels IPO Lot Size #
The minimum lot size of this SAMHI Hotels IPO is 119 shares required is ₹14,994.
| 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 |
| Lot Size Calculator | |||
Company Financials #
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 2,488.00 | 2,386.58 | 2,263.00 |
| Revenue | 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 |
Objects of the Issue #
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- Repayment/ prepayment/ redemption, in full or in part, of certain borrowings availed of by the company and the subsidiaries including payment of the interest accrued thereon.
- General corporate purposes.
SAMHI Hotels IPO Prospectus #
Company Contact Information #
Caspia Hotels Delhi, District Centre Crossing,
Opposite Galaxy Toyota, Outer Ring Road,
Haider Pur, Shalimar Bagh, New Delhi – 110 088
Phone: +91 124 4910 100
Email: compliance@samhi.co.in
Website: https://www.samhi.co.in/index.php
SAMHI Hotels IPO Registrar #
Phone: 04067162222, 04079611000
Email: samhihotels.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
SAMHI Hotels IPO Lead Manager(s) #
- JM Financial Limited (Past IPO Performance)
- Kotak Mahindra Capital Company Limited (Past IPO Performance)
FAQs #
What is SAMHI Hotels Limited’s primary focus in the Indian hospitality industry? #
SAMHI Hotels Limited specializes in branded hotel ownership and asset management, with a strong presence in the Indian hospitality sector.
How does SAMHI’s recent acquisition impact its expansion strategy? #
The acquisition of Asiya Capital and the ACIC SPVs on August 10, 2023, significantly bolstered SAMHI’s portfolio with 962 keys across six operational hotels and included land for a new hotel in Navi Mumbai, Maharashtra. This strategic move reinforces SAMHI’s commitment to growth and diversification.
What sets SAMHI’s hotels apart, given their affiliations with renowned operators? #
SAMHI’s hotels operate under prestigious banners like Courtyard by Marriott, Sheraton, Hyatt Regency, Hyatt Place, Fairfield by Marriott, Four Points by Sheraton, and Holiday Inn Express. These affiliations grant SAMHI access to operator loyalty programs, management expertise, industry best practices, online reservation systems, and effective marketing strategies, enhancing the overall value proposition for investors.
What are the key details of SAMHI Hotels IPO, and when will it be listed? #
The SAMHI Hotels IPO is a Book Built Issue with a price range of ₹119 to ₹126 per share. It opens on September 14, 2023, and closes on September 18, 2023. The listing date is yet to be announced, and it will be listed on both BSE and NSE.
What are the primary objectives for SAMHI in raising funds through this IPO? #
SAMHI intends to utilize the net proceeds from the IPO to repay or prepay certain borrowings, including accrued interest, and for general corporate purposes, further strengthening its financial position and supporting future growth initiatives.
Please note that these FAQs are based on the provided information, and investors should refer to the official IPO prospectus and announcements for the most up-to-date details.
