Samhi Hotels IPO: Samhi Hotels Limited’s initial public offering (IPO) is now open for subscription, and the book build issue will be ready for bidding until September 18th, 2023. The business has set the Samhi Hotels IPO price range at 119 to 126 per equity share, with one lot of the public offering consisting of 119 shares. The business expects to raise 1,370.10 crore through its public offering, of which 1,200 crore is expected to come from new issues.
Meanwhile, Samhi Hotels Ltd shares are traded on the unlisted stock market. According to market experts, Samhi Hotels shares are currently available in the grey market at a premium of 35.
Subscription status for Samhi Hotels’ first public offering
The public issue had been subscribed 0.01 times by 10:21 AM on day one of bidding, while the retail component had been subscribed 0.06 times.
Important Samhi Hotels IPO details
1] Today’s Samhi Hotels IPO GMP: According to market experts, the Samhi Hotels IPO grey market premium (GMP) is 35.
2] Samhi Hotels IPO pricing: The company has set the book build issue price band at 119 to 126 per equity share.
3] Samhi Hotels IPO date: The book build issue commenced today and will close on September 18, 2023.
4] Samhi Hotels IPO size: The business expects to raise 1,370.10 crore from this public offering, with 1,200 crores coming from a new issuance and the remaining 170.10 crore coming from an OFS (offer for sale).
5] Samhi Hotels IPO lot size: Bidders will be allowed to apply in lots of 119 company shares each.
6] Samhi Hotels IPO allotment date: The tentative date for final share distribution is September 22, 2023.
7] Samhi Hotels IPO registrant: KFin Technologies Limited has been selected as the book build issue’s official registrar.
8] Samhi Hotels IPO listing: The public offering is proposed for BSE and NSE listing.
9] Samhi Hotels IPO listing date: The share offering is expected to take place on September 27, 2023.
10] Samhi Hotels IPO review: Speaking on the company’s fundamentals, VLA Ambala, a SEBI Registered Analyst at Stock Market Today, stated, “From March 2021 to March 2023, its assets decreased by nearly 8.5%, but revenue increased from 179.25 crore to 761.42 crore.” For the same period, its Total Borrowing increased from 2,424.40 crore to 2,787.54 crore. Reserves have been cut from 203.12 crore to 816.18 crore. Its net value and profitability are currently negative. The firm is obtaining these funds to repay/prepay/redeem, in full or in part, any borrowings obtained by the company and its subsidiaries, including the payment of interest accruing thereon.”
The expert went on to say that the firm has a low PE and NAV and that high-risk investors may be interested in the book build problem.
Read More: RBI Assistant 2023 Notification, Exam Date, and Online Application Form
“The Samhi Hotels IPO provides a once-in-a-lifetime opportunity to invest in the thriving Indian hospitality sector, supported by a strong portfolio and prestigious global partnerships.” While the company’s financials fluctuate, its strategic presence in key metropolitan centers and dedication to upmarket and mid-scale segments promise a compelling proposition. Thorough due diligence is required, as with any investment. The Samhi Hotels IPO is a bright opportunity, and sensible investors are ready to make educated judgments, unleashing the huge potential in the hospitality area,” stated Dr Sabine Kapasi, Investment Committee Member of New Development Bank, International Finance Corporation World Bank.
