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.
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
| IPO Opening Date | Sep 14, 2023 |
|---|---|
| IPO Closing Date | Sep 18, 2023 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹1 per share |
| IPO Price | ₹119 to ₹126 per share |
| Market Lot | 119 Shares |
| Min Order Quantity | 119 Shares |
| Listing At | BSE, NSE |
| Issue Size | [.] shares (aggregating up to ₹1,370.10 Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹1,200.00 Cr) |
| Offer for Sale | 13,500,000 shares of ₹1 (aggregating up to ₹170.10 Cr) |
| Share holding pre issue | 122,797,231 |
| 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 |
| Basis of Allotment Date | September 22, 2023 |
|---|---|
| Initiation of Refunds | September 25, 2023 |
| Credit of Shares to Demat Account | September 26, 2023 |
| IPO Listing Date | September 27, 2023 |
The minimum lot size of this SAMHI Hotels IPO is 14 shares required is ₹14,490.
| 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 |
SAMHI Hotels IPO is a main-board IPO of [.] equity shares of the face value of ₹1 aggregating up to ₹1,370.10 Crores. The issue is priced at ₹119 to ₹126 per share. The minimum order quantity is 119 Shares.
The IPO opens on September 14, 2023, and closes on September 18, 2023.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The SAMHI Hotels IPO opens on September 14, 2023 and closes on September 18, 2023.
SAMHI Hotels IPO lot size is 119 Shares, and the minimum amount required is ₹14,994.
You can apply in SAMHI Hotels IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services.
The finalization of Basis of Allotment for SAMHI Hotels IPO will be done on Friday, September 22, 2023, and the allotted shares will be credited to your demat account by Tuesday, September 26, 2023.
Check the IPO allotment status.
The SAMHI Hotels IPO listing date is September 27, 2023.
To Bid online, you need
Demat Account and Pan card.
Login to SMC account and
select the SAMHI Hotels IPO
Enter UPI Id & Mobile number
Place your number of bids
with the exchange
A UPI mandate is sent to your
UPI App to block your funds.
