-- / 119 shares

IPO Details

Issue Date

--

Investment/lot

--

Price Range

126

Lot Size

119

IPO Size

₹ 1370.10 Cr

IPO Listing Details

Listing On

22 Sep'23

Issue Price

--

Listed Price

₹ 134.5

Retail Gain/Listing Gain

6.75%

Start date

End date

Allotment of bids

Refund Initiation

Listing on exchange

Samhi Hotels Ltd. is a prominent branded hotel ownership and asset management platform in India, with the third largest inventory of operational keys (owned and leased) as of 31st March 2023 (Source: JLL Report).

Within 12 years of commencing their business operations, they have successfully constructed a portfolio of 3,839 keys spread across 25 operating hotels in 12 of India's prominent urban consumption centers. These include Bengaluru (Karnataka), Hyderabad (Telangana), the National Capital Region (NCR), Pune (Maharashtra), Chennai (Tamil Nadu), and Ahmedabad (Gujarat), as of 31st March 2023. Following the completion of the ACIC Acquisition on August 10, 2023, their portfolio has expanded further, now encompassing 4,801 keys distributed across 31 operating hotels.

They have chosen to implement an acquisition-led strategy, drawing strength from their track record of acquiring and effectively revitalising hotels to drive their business expansion. Their focus lies in the acquisition or construction of predominantly business-oriented hotels. Additionally, they actively pursue property enhancements and collaborate with well-established branded hotel operators to ensure the hotels are positioned appropriately within the market.

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Ability to acquire dislocated hotels and demonstrate a track record to re-rate hotel performance through renovation and/or rebranding
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The Company’s Portfolio Scale and Diversification is Further Enhanced by Sector Tailwinds
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Track Record of Operating Hotels Efficiently
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  • The company has experienced restated losses and negative net worth in recent years.
  • The company’s indebtedness and the conditions and restrictions imposed by their financing arrangements may limit their ability to grow the business.
  • The business is subject to seasonal and cyclical variations that could result in fluctuations in the results of operations.

Here are a few strategies Samhi Hotels Limited has for its business:

  • Position hotels to benefit from favorable demand trends.
  • Complete the development of identified opportunities, which are currently underway.
  • Integrate ACIC portfolio to improve financial performance.

And finally here’s a look at key financials of Samhi Hotels Limited...

Particulars (in Rs. million)

Particulars (in Rs. million)

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Top Samhi Hotels Ltd IPO FAQs

Samhi Hotels Ltd will list on 2023-09-22.

1370.10 is the issue size of Samhi Hotels Ltd IPO.

The price band of Samhi Hotels Ltd IPO is ₹126 to ₹0.

The Samhi Hotels Limited IPO has an issue size of Rs. 1,370.10 crores. The IPO opens for subscription on 14th September and closes on 18th September 2023.

KFin Technologies Limited is the registrar for this IPO.

You may read more about Samhi Hotels Limited and its IPO from the company’s red herring prospectus (RHP) here: Samhi Hotels Limited RHP.

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