Incorporated in 2010, SAMHI Hotels Limited is a branded hotel ownership and asset management platform in India.
SAMHI Hotels has a portfolio of 4,801 keys across 31 operating hotels in 14 of India’s key urban consumption centers, 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 2 hotels under development with a total of 461 keys in Kolkata and Navi Mumbai.
On August 10, 2023, the company acquired Asiya Capital and the ACIC SPVs (the ACIC SSPA) which gained the company an additional 962 keys across six operating hotels and land for the development of a hotel in Navi Mumbai, Maharashtra.
SAMHI’s hotels operate under well-recognized hotel operators such as Courtyard by Marriott, Sheraton, Hyatt Regency, Hyatt Place, Fairfield by Marriott, Four Points by Sheraton, and Holiday Inn Express, which provide its hotels’ access to the operator’s loyalty programs, management and operational expertise, industry best practices, online reservation systems, and marketing strategies.
SAMHI Hotels IPO Details
SAMHI Hotels IPO is a Book Built Issue. The IPO total issue size is Rs 1,370.10 Cr. 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 | 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 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 |
Amount in ₹ Crore
Key Performance Indicator
| KPI | Values |
|---|---|
| Market Cap (₹ Cr.) | 2747 |
Check SAMHI Hotels IPO Peer Comparison here.
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 Review (May apply)
[Dilip Davda] The company is trying to encase its brand value with many premium brands. It has been posting losses for all these years so far and has a negative NAV. No doubt, we are witnessing fancy for the hospitality sector post-Covid, and this company may attract more investors once it turns the corner. However, well-informed/cash surplus/risk seeker investors may park moderate funds for long-term rewards. Read detail review…
SAMHI Hotels IPO Prospectus
Company Contact Information
SAMHI Hotels Limited
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
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: samhihotels.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/