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The Samhi Hotels IPO is nearing completion, with the Goldman Sachs-backed operator in India’s growing hotel industry refiling its draught prospectus.

Samhi Hotels, known for owning and operating Marriott-branded hotels across India, has made a deliberate drive to enter the capital market, after a prior attempt in 2019.

The company’s potential for development and adaption must be balanced against the complexity of its changed structure and financial performance as the IPO environment takes shape.

An in-depth examination of these variables is required to determine the profitability of this much-anticipated IPO.

Face Value Rs 1
Price Band Rs 119 to Rs 126
Listing At BSE, NSE
Min. Order Quantity 119 Shares
Listing Date September 27, 2023
Offer for Sale Rs 170.10 Crore
Fresh Issue Rs 1,200.00 Crore
IPO Size Rs 1,370.10 Crore
Tick Size 1


Samhi Hotels IPO Overview

Samhi Hotels IPOGoldman Sachs-backed Samhi Hotels, a prominent player in the Indian hospitality industry, is gearing up for its initial public offering (IPO) as it refiles its draft prospectus.

The company, renowned for owning and operating hotels under the Marriott brand across India, is based in Gurugram. This move comes after an earlier attempt in September 2019 to initiate an IPO, signalling Samhi’s intent to tap into the capital market.

During its previous IPO filing, Samhi Hotels aimed to raise Rs 1,800-2,000 crore. The plan at that time included generating Rs 1,100 crore through fresh capital and conducting an offer for sale (OFS) of 19.14 million shares held by existing shareholders.

However, the revised draft papers indicate some alterations in the Samhi Hotels IPO structure. The size of the fresh capital injection has been scaled down to Rs 1,000 crore, and the OFS component will now involve nine million shares.

In an interesting twist, the draft papers mention that Blue Chandra and Goldman Sachs might explore a private placement of shares as a prelude to the IPO. This potential manoeuvre could further impact the magnitude of the fresh issue.

As per the strategic allocation of funds, Samhi Hotels intends to utilize Rs 750 crore from the fresh issue to address its financial commitments.

This allocation will be directed towards the repayment, prepayment, or redemption of borrowings, as well as serving general corporate purposes.

The responsibility of managing this anticipated IPO lies with JM Financial Ltd and Kotak Mahindra Capital Co. Ltd, both serving as book-running managers for the offering.

Samhi Hotels IPO Important Dates

Events Date
IPO Opening Date September 14, 2023
IPO Closing Date September 18, 2023
Basis of Allotment Finalization September 22, 2023
Refunds Initiation September 25, 2023
Credit of Shares to Demat Account September 26, 2023
Share Listing Date September 27, 2023

The Samhi Hotels IPO presents investors with a unique opportunity in the hospitality sector. The IPO subscription window opens on September 14, 2023, and closes on September 18, 2023.

It’s essential to submit bids before the closing time, especially for those using UPI, as the confirmation of mandates must be completed by 5 PM on September 18, 2023.

On September 22, 2023, the basis of allotment is determined, followed by the initiation of refunds on September 25, 2023, for those not allotted shares. Successful allottees can expect shares to be credited to their Demat accounts on September 26, 2023.

Finally, on September 27, 2023, Samhi Hotels makes its stock market debut, a day investors eagerly await to see how the shares perform in the market.

These dates provide a clear timeline for investors to participate in the IPO and track its progress. Planning investments and actions accordingly is crucial in this dynamic market.

Samhi Hotels IPO Price, Size, Share Offerings

Face Value Rs.1
Price Band Rs 119 to Rs 126
Offer for Sale Rs 170.10 Crore
Fresh Issue Rs 1,200.00 Crore
IPO Size Rs 1,370.10 Crore

The upcoming IPO of Samhi Hotels Limited is marked by its distinctive features and strategic objectives. Comprising a 100% fresh issue, the IPO is geared to raise an impressive sum of Rs 1,000 crore through the issuance of equity shares.

Alongside this, there is a Samhi Hotels IPO share offerings component, encompassing up to 90,00,000 equity shares, which contributes to the comprehensive structure of the offering.

As anticipation builds for the IPO’s listing on the NSE exchange, the exact date for this milestone anticipate to disclose in due course. The IPO launch underscores Samhi Hotels Limited’s ambition to redefine its financial landscape and further its growth trajectory.

Samhi Hotels IPO Grey Market Premium

Date GMP (Rs.) Kostak Rate (Rs.) Subject to Sauda (Rs.)
Not Disclosed

There is currently no data available on the Samhi Hotels IPO GMP. Before an IPO’s formal listing, the Grey Market Premium is an important measure of investor mood and demand.

GMP data are keenly awaited by investors and market analysts because they give insight into the market’s opinion of the IPO’s probable success. Because the GMP for the Samhi Hotels IPO has yet to be revealed, market players are keeping a careful lookout for any revisions.

Samhi Hotels IPO Subscription Status

Day / Date QIB NII RII Total Subscription
1st Day – 14th Sep 0.00x 0.03x 0.37x 0.07x
2nd Day – 15th Sep 0.00x 0.07x 0.61x 0.13x
3rd Day – 18th Sep 9.18x 1.29x 1.17x 5.57x
Shares Offered or Net Issue 14,483,035 16,310,714 10,873,809 90,599,701

The Samhi Hotels IPO Subscription status, indicating the level of investor interest and demand for the offering, is currently unavailable.

As investors and market enthusiasts eagerly track the subscription status, it serves as a vital gauge of the IPO’s reception in the market. The subscription status provides insights into whether the IPO has garnered strong demand or if it is yet to gain traction among investors.

Given the absence of data at this time, market participants are eagerly awaiting updates on the subscription status of the Samhi Hotels IPO.

Samhi Hotels IPO Allotment Status

As of now, there is no information known on the Samhi Hotels IPO Allotment status. The allotment status is an important statement for IPO investors since it informs how many shares they have been allocated.

Investors are anxiously awaiting this information to determine their participation in the IPO and the quantity of shares they will own.

Because the Samhi Hotels IPO allocation status data has not yet been provided, investors should be patient and wait for updates from the relevant authorities.

Samhi Hotels IPO Live Performance

The data of the Samhi Hotels IPO live performance is not currently available. It’s important to note that the performance of an IPO becomes evident after its listing on the stock exchange and as trading activities commence.

At this point, there is no data accessible to assess the IPO’s live performance. Investors and analysts eagerly anticipate this information as it provides insights into the market’s reception of the IPO and its initial trading behavior.

As updates on the Samhi Hotels IPO’s live performance are awaited, market participants are advised to stay tuned for future announcements and data releases.

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    Latest Samhi Hotels IPO News

    As of the current date, there is no latest Samhi Hotels IPO news available. The IPO landscape is dynamic, with news and updates often shaping investor expectations and market trends.

    However, at this point, no specific developments or announcements related to the Samhi Hotels IPO have been reported. Interested parties and investors are advised to stay tuned for any forthcoming news that could potentially influence the IPO’s trajectory.

    Samhi Hotels – Company Review

    Samhi Hotels Limited stands at the forefront of India’s hospitality sector, specializing in hotel ownership and asset management. With a portfolio of 25 operational hotels encompassing 3,839 keys, the company enjoys a strong presence in 12 key cities, including Delhi, Bengaluru, Hyderabad, Chennai, and Pune.

    An additional hotel with 111 keys is currently in development in Kolkata. While the IPO’s opening and closing dates are yet to reveal, the company’s growth strategy continues to captivate investor interest.

    Privately held, Samhi shines as a formidable player in hotel development, acquisition, and ownership, operating in prime Indian markets with high barriers to entry and unmet demand. Collaborations with industry titans like Marriott and Accor extend beyond financial partnerships to encompass operational alliances with Starwood Hotels and Hyatt International.

    Samhi’s hotels, including Courtyard by Marriott, Hyatt Place, Fairfield by Marriott, Four Points by Sheraton, and Formula 1, benefit from these globally recognized brands, enjoying strengthened distribution networks, loyalty programs, and corporate relationships.

    Founded by industry veterans Ashish Jakhanwala and Manav Thadani, the company draws from their wealth of experience in the Indian hospitality sector. Notable shareholders, including Equity International led by Sam Zell and GTI Capital Group, further bolster Samhi’s stature.

    Products or Services

    Samhi Hotels Limited offers a diverse range of premium accommodations and services in India’s hospitality industry. With 25 operational hotels across 12 key cities, the company provides guests with an array of comfortable accommodations, including suites and rooms.

    Partnering with globally renowned brands like Marriott and Hyatt, Samhi ensures quality service and global standards. The company’s strategic presence, commitment to guest satisfaction, and innovative offerings make it a trusted choice for travelers seeking exceptional experiences.

    Promoters and Holding

    Samhi Hotels Limited’s leadership is driven by a team of 7 directors and 2 key management personnel. The board’s foundation is anchored by Manav Thadani and Ashish Jakhanwala, who have led for over 12 years since December 2010. Recently, directors Krishan Dhawan, Aditya Jain, Archana Capoor, and Michael David Holland joined in March 2023.

    Notably, Manav Thadani holds directorships in 12 other companies, and Samhi Hotels shares affiliations with 31 companies through its board members. This seasoned leadership ensures strategic direction and growth in the competitive hospitality sector.

    Is Samhi Hotels Good for Investment?

    Samhi Hotels Limited has solidified its reputation as a prominent hotel owner and asset manager in India, hosting a diverse portfolio of 25 operational hotels encompassing 3,839 keys across 12 key cities.

    While a Kolkata hotel with 111 keys is under development, the IPO’s opening and closing dates are pending, attracting keen investor interest.

    In just 12 years, Samhi Hotels achieved the distinction of being India’s third-largest hotel owner by keys, showcasing rapid growth.

    Operating efficiency is a linchpin, amplifying profitability during upswings while cushioning against revenue downturns. The company’s strategic focus on high-growth hotel segments resonates with domestic and international travelers, operating under esteemed global brands.

    Under the adept management of a seasoned team, Samhi Hotels boasts a history of adaptive success across economic phases. Diversification across geographies, segments, and hotel operators hedges against over-reliance risks.

    Comparatively, against peers like Chalet Hotels, Lemon Tree, Indian Hotels, and EIH, Samhi Hotels shines with its growth strategy and operational agility.

    In summation, Samhi Hotels Limited emerges as a poised and agile contender, well-positioned to capitalize on India’s thriving hospitality sector. Its strategic positioning, operational finesse, and commitment to dynamic growth make it a compelling prospect for investors eyeing the dynamic hospitality industry.

    Samhi Hotels Financial Statements

    Amount (in INR & Million)
    31-Mar-23 Mar-22 31-Mar-21
    Profit After Tax

    In the fiscal year ending March 31, 2021, Samhi Hotels Ltd. reported mid-tier revenue of INR 1-100 crore, reflecting steady positioning. However, net worth dropped by -6.56%, possibly due to valuation shifts or financial hurdles. EBITDA plunged by -109.80%, indicating operational challenges.

    Total assets slightly grew by 0.11%, while liabilities decreased significantly by -23.43%, showcasing prudent management. The debt-to-equity ratio stood at 0.72, depicting moderate leverage.

    ROE marked at -7.03%, revealing struggles in generating shareholder returns. Fixed assets dipped -81.91% and current assets fell -39.61%, suggesting potential shifts in allocation.

    With a current ratio of 0.57, liquidity for short-term obligations is concerning. Trade receivables fell by -83.92%, while trade payables rose by 27.42%, signifying payment dynamics. In summary, Samhi Hotels Ltd.’s fiscal review portrays a nuanced performance.

    Despite net worth and EBITDA challenges, effective liability management and modest asset growth provide positive signals. The company’s financial journey hinges on operational efficiency, market dynamics, and strategic decisions.

    Earnings per Equity Share (in Million)
    31-Mar-23 Mar-22 31-Mar-21
    Basic & Diluted

    Samhi Hotels IPO Review

    Samhi Hotels, backed by Goldman Sachs, poise for an upcoming IPO after revising its draft prospectus. The company’s renowned ownership of Marriott-branded hotels across India positions it as a significant player in the hospitality industry.

    While its prior IPO plan aimed at Rs 1,800-2,000 crore, recent changes indicate a fresh capital injection of Rs 1,000 crore and an OFS involving nine million shares. The possibility of a private placement by Blue Chandra and Goldman Sachs further shapes the IPO’s structure.

    With plans to utilize Rs 750 crore from the issue to address financial commitments, Samhi Hotels teams up with book-running managers JM Financial Ltd and Kotak Mahindra Capital Co. Ltd for this strategic endeavour.

    As anticipation grows, the IPO’s key dates and Grey Market Premium (GMP) data awaites, providing insights into market sentiment. Subscription and allotment statuses, live performance data, and the latest news remain to disclose.

    In the dynamic hospitality landscape, Samhi Hotels Limited stands strong, drawing attention for its strategic portfolio, operational excellence, and industry partnerships, making it an intriguing prospect for investors eyeing India’s hospitality growth story.

    Samhi Hotels IPO Details

    Here are a few more details you need to know before investing in Samhi Hotels IPO –

    Samhi Hotels IPO Issue Object

    Thus Samhi Hotels has proposed diverse objectives for making the IPO offer and some of the objectives are:

    • Repayment/ prepayment/ redemption, in full or in part, of certain borrowings availed of by our Company and our Subsidiaries including payment of the interest accrued thereon; and
    • General corporate purposes

    Samhi Hotels IPO – Basis of Offer Price

    The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

    Qualitative factors are:

    • Ability to acquire dislocated hotels and demonstrated track record to re-rate hotel performance through renovation and/or rebranding;
    • The portfolio’s scale and diversification are further enhanced by sector tailwinds;
    • Track record to manage hotels efficiently;
    • Ability to create operating efficiencies and long-term performance using analytics tools; and
    • Strong governance and seasoned management team

    Quantitative factors are:

    Basic & Diluted EPS RONW (%) NAV (Rs.)
    31-Mar-23 (43.93) NA

    Samhi Hotels IPO Lead Managers

    Here is the list of Lead managers –

    • JM Financial Limited
    • Kotak Mahindra Capital Company Limited

    Samhi Hotels IPO Registrar to offer

    Check out the details of the registrar here –

    KFin Technologies Limited
    (formerly known as KFin Technologies Private Limited)
    Selenium, Tower-BPlot No. 31 & 32,
    Financial District Nanakramguda, SerilingampallyHyderabad,
    Rangareddi 500 032 Telangana, India
    Telephone: +91 40 6716 2222
    E-mail: samhihotels.ipo@kfintech.com
    Website: www.kfintech.com
    Investor Grievance E-mail: einward.ris@kfintech.com
    Contact Person: M. Murali Krishna
    SEBI Registration No.: INR000000221

    Samhi Hotels IPO – Other Details

    • Statutory Auditor – M/s. B S R & Co. LLP, Chartered Accountants
    • Legal Counsel to the Company – Shardul Amarchand Mangaldas & Co
    • Bankers to the Company – IndusInd Bank Limited

    Samhi Hotels IPO Verdict by Stock Brokers

    The success of the Samhi Hotels IPO is dependent on a careful analysis. The company’s strong position in the hospitality sector in India, highlighted by well-known hotel brands, is promising.

    However, recent IPO structure adjustments, as well as financial issues such as lower net worth and EBITDA, call for caution. Market circumstances, investor mood, and post-IPO growth trajectory will all have an impact on the outcome. It recommends to keep track of subscription patterns and expert analyses.

    While Samhi Hotels’ strategic posture is investors considering participation in the IPO must exercise caution, taking into account both possible rewards and inherent dangers.

    Samhi Hotels IPO – Conclusion

    In light of Samhi Hotels’ strategic positioning and industry importance, the profitability of its IPO necessitates caution. The company’s significant position in the hospitality scene is promising, but difficulties such as lower net worth and EBITDA call for caution.

    As the IPO changes, calculating subscription patterns, financial analyses, and market dynamics becomes important.

    While the strategic basis is strong, potential investors should proceed with prudence, taking into account both opportunities and dangers, before participating in the Samhi Hotels IPO.

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      Samhi Hotels IPO Review FAQs

      Check out the FAQs on Samhi Hotels IPO –

      What is the Issue Size of Samhi Hotels IPO?

      The Company is making an initial public offer of 108,738,095 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.

      What is the Price band of Samhi Hotels IPO?

      The price band for this particular IPO ranges between Rs 119 to Rs 126. As far as the face value of the share is of concern, it is Rs.1 per share.

      What is the Samhi Hotels IPO Open Date?

      The opening and closing dates for this IPO have been updated. The IPO is set to open on September 14, 2023, while the closing date is set for September 18, 2023.

      What is the Samhi Hotels IPO Allotment Date?

      They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on September 22, 2023, refund initiation is on September 25, 2023, credit of shares is on September 26, 2023, and share listing date is on September 27, 2023.

      What is the Samhi Hotels IPO Listing Date?

      Shares of this company shall be listed in the exchanges on September 27, 2023. The date, when the listing would be done, is stagnant on September 27, 2023.

      Who is the Registrar of Samhi Hotels IPO?

      One of the reputed registrars is managing the issue of this IPO, i.e. Kfin Technologies Limited. Their website will help you regarding the further information you are on the lookout for.

      Who is the Promoter of Samhi Hotels IPO?

      Here are the promoters of this IPO – PROFESSIONALLY MANAGED. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.

      What is the GMP of Samhi Hotels IPO?

      They have obtained the GMP of this IPO and it is Rs. NA. Further insights into the Kostak rate and subject to sauda or SS are also included in this report.

      Is Samhi Hotels IPO Good for Investment?

      They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.

      What is the PAT of Samhi Hotels Company?

      They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2023 in Million is (3,385.86), 2022 is (4,432.53), and 2021 is (4,777.27).

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