SAMHI Hotels Limited IPO : Key Details

SAMHI Hotels Limited IPO is set to launch on 14 September, 2023. The company initiated its business operations in the year 2010. The company has more than 4800 keys across 31 hotels. These hotels are located in urban areas of multiple states like karnataka, Telangana, Tamil Nadu, Gujarat, Maharashtra etc. It has more than 460 keys under development at 2 properties in Navi Mumbai and Kolkata. It operates through well recognized hotels like Sheraton, Courtyard by Mariott, Hyatt Regency, Fairfield by Mariott, Hyatt Place, Holiday Inn Express, etc.

SAMHI Hotels Limited IPO DETAILS

SAMHI Hotels Limited IPO is set to launch on 14 September, 2023. The subscription timeline extends till 18 September, 2023. The size for the IPO is 1370.01 Crore Rs. Shares issued through fresh issue mode are worth 1200 Crore Rs. Shares issued through offer for sale mode are worth Rs 170.01 Crore. The lot size is 119 shares and the price is 119 to 126 Rs per share. The company is going to get listed at both NSE and BSE. The face value per share is Re.1 and this is a Book Built issue. The registrar for the company is KFin Technologies Limited.

Tabular Description of SAMHI Hotels Limited IPO 

IPO OPENING DATE 14 September, 2023
CLOSING DATE FOR IPO 18 September, 2023
ISSUE TYPE Book Built Issue
Face Value per share 1 Re. per share
IPO price band 119 Rs. to 126 Rs. per share
LOT SIZE 119 shares
MINIMUM ORDER QUANTITY 119 shares
ISSUE SIZE 1370.01 Crore Rs.
OFFER FOR SALE 170.01 Crore Rs.
FRESH ISSUE 1200 Crore Rs.
LISTING AT NSE, BSE
LISTING DATE 27 September, 2023

SAMHI Hotels Limited IPO : IMPORTANT DATES

IPO OPENING DATE 14 September, 2023
CLOSING DATE FOR IPO 18 September, 2023
IPO ALLOTMENT DATE 22 September, 2023
REFUNDS 25 September, 2023
DEMAT A/C CREDITED ON 26 September, 2023
IPO LISTING DATE 27 September, 2023

SAMHI Hotels Limited IPO begins for subscription from 14 September 2023. The IPO subscription would continue till 18 September, 2023. The allotment status for the shareholders who applied would come on 22 September, 2023. The refunds for the ones who did not get allotment would be initiated on 25 September, 2023. The DEMAT accounts of shareholders would be credited on 26 September, 2023. The listing of the company would be completed on 27 September, 2023.

SAMHI Hotels Limited IPO : Lead Managers

The lead managers are :

  • Kotak Mahindra Capital Company Limited
  • JM Financial Limited

The minimum lot size for the company is decided at 119 shares. This holding accounts to 14994 Rs.. The maximum lot size is decided at 1547 shares. This amounts to 194922 Rs.. Hence the company’s final holdings would be set as :

  Shares Amount
Minimum 119 shares 14994 Rs.
Maximum 1547 shares 194922 Rs.

OBJECTIVES FOR THE IPO

  • IPO proceeds would be used for general corporate purposes.
  • The company will use the IPO money for further working capital requirements.

COMPANY FINANCIALS

Particularly (in Crore Rs.) 2020-21 2021-22 2022-23
ASSETS 2488 2386 2263
Revenue 179 333 761
PAT (-477) (-443) (-338)

SAMHI Hotels Limited had an asset base of 2488 Crore Rs in the year 2021. This decreased to 2386 Crore Rs in 2022 and further one went down to 2263 Crore Rs in 2023. The revenue on the other hand presents a reverse pattern. The revenue of the company was 179 Crore Rs in 2021 which increased to 333 Crore Rs in 2022 and 761 Crore Rs in 2023. The company has been running in huge losses. The loss of the firm was 477 Crore Rs in 2021 which decreased to 443 Crore Rs in 2022. The loss of the company in the year 2023 was at 338 Crore Rs.

PROS

  • The company has more than 4800 keys across 31 hotels. These hotels are located in urban areas of multiple states like karnataka, Telangana, Tamil Nadu, Gujarat, Maharashtra etc. 
  • It has more than 460 keys under development at 2 properties in Navi Mumbai and Kolkata.
  • It operates through well recognized hotels like Sheraton, Courtyard by Mariott, Hyatt Regency, Fairfield by Mariott, Hyatt Place, Holiday Inn Express, etc.

CONS

  • The company works in a highly competitive segment.

SAMHI Hotels Limited IPO Application Process with Zerodha

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

  1. Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
  2. Click the SAMHI Hotels Limited IPO button and press the BID button.
  3. Entering the details asked for like UPI ID, Quantity and price.
  4. Submit the application form for the IPO.
  5. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.

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