Let’s have a detailed review of the company and analytics of the Samhi Hotels Limited IPO release date, IPO offer price, subscription, Samhi Hotels Limited IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters, and other related things.
Samhi Hotels Limited IPO Review & Ratings
|IPO Ratings & Review|
|Top Brokers Review||7.9/10|
Summary of Samhi Hotels Limited IPO
They have a portfolio of 27 operating hotels comprising of 4,048 keys across India, as of June 30, 2019. They have a diverse geographic presence as our hotels span 12 of India’s key urban consumption centres, including Delhi, Bengaluru, Hyderabad, Chennai and Pune, which together accounted for 52.6% of India’s air passenger traffic during the Financial Year 2019
Company’s total income was Rs. 1,472.43 million for three months ended June 30, 2019 and Rs. 4,900.98 million for the Financial Year 2019, an increase of 51.5% and 16.6%, respectively, from the comparative prior financial periods/year. Adjusted EBITDA was Rs. 347.68 million for three months ended June 30, 2019 and Rs. 1,082.86 million for the Financial Year 2019, an increase of 201.5% and 32.2%, respectively
The lead managers to the issue are Kotak Mahindra Capital Company
Limited, CLSA India Private Limited, DSP Merrill Lynch Limited & Goldman Sachs (India) Securities Private Limited and the Registrar to this issue is Karvy Fintech Private Limited.
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Samhi Hotels IPO Date
The opening and the closing date of the Samhi Hotels Limited IPO are not known yet.
Samhi Hotels Limited IPO Subscription
|Day / Date||QIB||NII||RII||Total Subscription|
|1st Day –|
|2nd Day –|
|3rd Day –|
|4th Day –|
|5th Day –|
|Shares Offered or Net Issue|
The shares subscribed by the public will be updated herein on a daily basis, once the IPO is open for subscription.
Samhi Hotels IPO Allotment Status
Here, you can find the Allotment Status of this Samhi Hotels Limited IPO.
|Basis of Allotment Finalization|
|Credit of Shares to Demat Account|
|Share Listing Date|
Samhi Hotels IPO Price Band or Cash Price
Rs. [•] per Equity Share
Samhi Hotels Limited IPO Issue Size
Rs. [•] per Equity Share
Samhi Hotels IPO Equity Share Offering
The Issue size comprises issuance of up to [●] Equity Shares of face value of Rs. 1 each fully paid-up for cash at price of Rs. [●] per Equity Share aggregating to Rs. [●] Lakhs.
Samhi Hotels Limited Limited – Company Overview
Company was originally incorporated as a Partnership Firm in 1998 through its Partners, viz., Devendra Sayani and Chetankumar Timbadia and subsequently converted the Partnership Firm into a Public Limited Company and commenced the business from February 18, 2019.
The Company is one of India’s leading hotel owner and asset manager. Within eight years of starting business operations, we have grown to become India’s third largest hotel asset owner, by number of keys, and the fastest growing hotel owner, by number of keys added per calendar year, compared to other listed hospitality companies in India, as of June 30, 2019.
Samhi Hotels Limited Business Model
Company have created a scalable business model using an acquisition and turnaround led strategy, which has enabled them to become one of India’s leading and fastest growing hotel owner and asset manager, as of June 30, 2019.
Within eight years of starting their business operations, they have grown to become India’s third largest hotel asset owner, by number of keys, and the fastest growing hotel owner, by number of keys added per calendar year, compared to other listed hospitality companies in India, as of June 30, 2019.
Samhi Hotels Limited Business Process
They have adopted an acquisition led strategy which is underpinned by track record of acquiring and successfully turning around hotels to grow our business, with 83.6% of our hotel keys, as of June 30, 2019, being added through acquisitions.
Complementing acquisition strategy are our scalable asset management capabilities that ensure cost effective operations throughout portfolio of hotels and efficient integration of newer hotels.
Business strategies of Samhi Hotels Limited
- Capitalize on the Growth of our Ramp-Up Assets
- Maximize Performance of our Mature Assets
- Expansion of Existing Facilities and Improving Operational Leverage
- Leveraging Platform Benefits to Scale Up our Hotel Portfolio through Acquisitions
- Ensure Disciplined Capital Allocation and Reduction of Debt
Samhi Hotels Limited – Financial Statements
A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:
Financial Summary of Samhi Hotels Limited IPO
On the basis of Standalone statement:-
|Amount (in INR & lakhs)|
30 June 2019
|Profit After Tax||(585.35)||(3,022.83)||(816.54)||(1,212.70)|
Earnings per Equity Share (in lakhs)
30 June 2019
|Basic & Diluted||(7.83)||(40.51)||(24.77)||(16.05)|
From the above statements, one could find that Samhi Hotels Limited may perform well.
Samhi Hotels Limited IPO – Promoters
COMPANY IS A PROFESSIONALLY MANAGED COMPANY AND DOES NOT HAVE AN IDENTIFIABLE PROMOTER.
List of Related Parties (Key Managerial Personnel)
- Rajat Mehra, Chief Financial Officer
- Sanjay Jain
- Vinay Gupta
- Gaurav Sharma
- Gyana Das
- Tanya Chakravarty
Interest in Intellectual Rights of the Company
As on the date of filing of the Draft Red Herring Prospectus, the Company does not own any intellectual property rights.
Samhi Hotels Limited IPO Offer Details or Issue Details
|Particulars||No. Of Equity Shares|
|Issue of Equity Shares by our Company||[●] Equity Shares of Rs[●] each aggregating to Rs [●] million|
|Market Maker Reservation Portion||[●] Eq Shares aggregating up to Rs 11,000 million|
|Net Issue to the Public||Up to 19,145,624 Eq shares aggregating Rs [●] million|
|(A) Retail Portion||Not more than [●] Eq Shares|
|(B) Non – Institutional Portion||Not more than [●] Equity Shares|
|Pre-and Post-Issue Eq Shares|
|*Equity Shares outstanding prior to the Issue||[●] Equity Shares|
|Eq Shares outstanding after the Issue||[●] Eq Shares|
Samhi Hotels Limited IPO Issue Object
These are the IPO Issue Objects of the company
- repayment/prepayment of certain indebtedness availed by our Company and our Subsidiaries
- payment of accrued interest on the IFC CCDs; and
- general corporate purposes.
Samhi Hotels Limited IPO – Basis of the 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:
- Strategic locations in key urban consumption centres across India;
- Ability to identify dislocated assets and our successful track record of acquisition led growth;
- Our ability to work across hotel Segments with global hotel operators;
- Our ability to create operating arbitrage using analytics tools and scale of our operations; and
- Professional management team, strong corporate governance standards and marquee global institutional
The relevant quantitative factors are:
On the basis of standalone statement:-
|Basic & Diluted EPS||RONW||NAV (Rs.)|
|As on June 30, 2019||(7.83)||(12)%||63.97|
- Price to Earnings (P/E) ratio in relation to Issue Price Rs. [●] per Equity Share of Rs. 10 each fully paid up
- Competitive Peers:
|Companies||EPS||PE Ratio||RONW (%)||NAV (Per Share)||Face Value|
|Samhi Hotels Limited and Communication Limited||(40.51)||[●]||(56)%||71.78||1.00|
|The Indian Hotels Company|
|Chalet Hotels Limited||(0.43)||–||(0.54)%||69.53||10.00|
|Lemon Tree Hotels Limited||0.67||78.96||4.31%||16.50||10.00|
Samhi Hotels Limited IPO Lead Managers
|Kotak Mahindra Capital Company|
CLSA India Private Limited
DSP Merrill Lynch Limited
Goldman Sachs (India) Securities Private Limited
Samhi Hotels Limited IPO Registrar to offer
|Registrar to the Offer|
|Karvy Fintech Private Limited|
Karvy Selenium Tower-B
Plot 31 & 32, Gachibowli, Financial District
Hyderabad 500 032, Telangana, India
Telephone: +91 40 6716 2222
Investor Grievance E-mail:
Contact Person: M Murali Krishna
SEBI Registration No. INR000000221
Samhi Hotels Limited IPO Other Details:
- Statutory Auditor – M/s. B S R & Co. LLP
- Peer Review Auditor – M/s. B S R & Co. LLP
- Bankers to the Company – HDFC Bank Limited
Samhi Hotels Limited IPO Grey Market Premium
The Samhi Hotels Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
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Samhi Hotels Limited IPO News
News 1 – Download DRHP Prospectus
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