SAMHI Hotels IPO will open for subscription from 14 September 2023. The company aims for an issue size of ₹1,200 Cr through this IPO.
Company Overview
| Full name | SAMHI Hotels Limited |
| Sector | Hospitality |
| Industry | Hotel, Resort & Restraunts |
| Company Website | https://www.samhi.co.in/ |
About Company
Incorporated in 2010, Samhi Hotels is a prominent branded hotel ownership and asset management platform in India, with the third largest inventory of operational keys (owned and leased) in India as of 31 March 2023.
Within 12 years of starting its business operations, the company has built a portfolio of 3,839 keys across 25 operating hotels in 12 of India’s key urban consumption centers, including Bengaluru (Karnataka), Hyderabad (Telangana), National Capital Region (“NCR”), Pune (Maharashtra), Chennai (Tamil Nadu) and Ahmedabad (Gujarat), as of 31 March 2023. Pursuant to the completion of the ACIC Acquisition (as defined below) on 10 August 2023, Samhi Hotels’ portfolio has further increased to 4,801 keys across 31 operating hotels.
The company currently categorizes the hotel portfolio into three distinct hotel segments based on brand classification – Upper Upscale and Upscale, Upper Mid-scale, and Mid-scale. Over 51.14% of the total income for the Financial Year 2023 was from Upper Mid-scale and Midscale hotels. The Upper Upscale and Upscale hotels, which contributed to 47.35% of its total income for the Financial Year 2023, are supported by markets with high-density demand in cities such as Bangalore (Karnataka), Hyderabad (Telangana), Ahmedabad (Gujarat), and Pune (Maharashtra).
Samhi Hotels maintains cash reserves to manage its debt obligations and has an aggregate of cash and bank balances of INR 141.40 crores (excluding restricted bank deposits) as of 31 March 2023.
The Objective of the Issue
- Repayment/ prepayment/ redemption, in full or in part, of certain borrowings availed of by the company and the subsidiaries including payment of the interest accrued thereon.
- General corporate purposes.
IPO Timetable
| IPO Opening date | 14 September 2023 |
| IPO Closing | 18 September 2023 |
| Basis of Allotment | 22 September 2023 |
| Initiation Refund | 25 September 2023 |
| Credit to Demat Account | 26 September 2023 |
| Listing Date | 27 September 2023 |
IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹1,370.10 Cr – 108,738,095 shares |
| Fresh Issue | ₹1,200 Cr – 95,238,095 shares |
| Offer for sale | ₹170.10 Cr – 13,500,000 shares |
| Face value | ₹1 Per Share |
| Price Band | ₹119 to ₹126 per share |
| Lot size | 119 Share |
| Retail Allocation | 10% |
| Listing Exchange | BSE & NSE |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 119 | ₹14,994 |
| Retail (Max) | 13 | 1547 | ₹194,922 |
| S-HNI (Min) | 14 | 1,666 | ₹209,916 |
| S-HNI (Max) | 66 | 7,854 | ₹989,604 |
| B-HNI (Min) | 67 | 7,973 | ₹1,004,598 |
Reservation Details
| QIB Shares Offered | 75% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 10% |
Financial Performance
| FY 2021 | FY 2022 | FY 2023 | |
| Revenue | 169.58 | 322.74 | 738.57 |
| Expenses | 238.96 | 311.31 | 500.83 |
| Net income | (477.79) | (443.35) | (338.96) |
| Margin (%) | (281.75) | (137.37) | (45.89) |
Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | (62.64) | (58.12) | (43.93) |
| PE ratio | – | – | – |
| RONW (%) | NA | NA | NA |
| NAV | (33.99) | (92.12) | (113.07) |
| EBITDA (%) | (33.31) | 6.54 | 34.22 |
| Debt/Equity | (12.40) | (4.07) | (3.45) |
Company Promoters
- Coming soon
Promoter Holding
| Pre Issue Share Holding | – |
| Post Issue Share Holding | – |
Lead Manager(s)
- Jm Financial Limited
- Kotak Mahindra Capital Company Limited
IPO Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: +91 40 6716 2222
E-mail: samhihotels.ipo@kfintech.com
Website: www.kfintech.com
Contact Details
SAMHI HOTELS LIMITED
14th floor, Building 10C, Cyber City, Phase II,
Gurugram 122 002, Haryana, India
Phone: +91 124 4910 100
E-mail: compliance@samhi.co.in
Website: www.samhi.co.in
Allotment Status
Samhi Hotels IPO allotment will be available on the KFin Tech website. Click on this link to get allotment status.
Final thoughts
SAMHI Hotels IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
