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The Samhi Hotels IPO is scheduled to take place from September 14th to September 18th. The company aims to raise approximately ₹1370 crores through this IPO, which consists of a fresh issue of ₹1200crores and an offer for sale of up to 13,500,000 equity shares, each priced at ₹1.
The allocation for different categories of investors is as follows:
- Retail investors will have a 10% quota.
- Qualified Institutional Buyers (QIB) will have a 75% quota.
- High Net Worth Individuals (HNI) will have a 15% quota.
Please note that the specific amount for the fresh issue is not mentioned, as it appears as “[.]” in the provided information.
SAMHI stands as a prominent player in the realm of branded hotel ownership and asset management in India. What sets SAMHI apart is its institutional ownership model, bolstered by a seasoned leadership team and a cadre of professionals. SAMHI has cultivated long-term management relationships with three globally recognized hotel operators: Marriott, IHG, and Hyatt.
Their current portfolio comprises 31 operating hotels, offering a total of 4,801 rooms. SAMHI has strategically positioned itself across 14 cities in India, including key locations like the National Capital Region (NCR), Bengaluru, Hyderabad, Chennai, and Pune. Additionally, SAMHI is actively involved in the development of two new hotels, with a combined offering of 461 rooms in Kolkata and Navi Mumbai.
SAMHI’s modus operandi revolves around an acquisition-focused strategy, one that’s grounded in their proven ability to acquire and revitalize hotels successfully. Their properties operate under the well-established banners of renowned hotel operators, including Courtyard by Marriott, Sheraton, Hyatt Regency, Hyatt Place, Fairfield by Marriott, Four Points by Sheraton, and Holiday Inn Express. This affiliation affords SAMHI’s hotels access to a wide array of benefits, including the operator’s loyalty programs, invaluable management expertise, industry best practices, state-of-the-art online reservation systems, and effective marketing strategies.
Founded in 2010, SAMHI boasts a roster of esteemed shareholders, including Equity International led by Sam Zell, GTI Capital, and the International Finance Corporation.
Top of Form
Here is a timeline of SAMHI’s key milestones and developments:
- 2010: SAMHI is incorporated.
- 2011: GTI SAMHI Pte Limited and Blue Chandra make their initial investment in SAMHI. SAMHI opens its corporate office in Gurgaon. The company acquires a majority stake in Barque Hotels Private Limited, adding Formule1 branded hotels to its portfolio.
- 2012: SAMHI begins operations at Fairfield by Marriott Bangalore Rajajinagar Hotel and launches Asia’s first Fairfield by Marriott hotel in Bengaluru.
- 2013: The International Finance Corporation invests in SAMHI. Operations commence at Hyatt Place Gurgaon Udyog Vihar.
- 2014: Goldman Sachs Investments Holdings (Asia) Limited invests in SAMHI. The company begins operations at Sheraton Hyderabad Hotel, Fairfield by Marriott Bangalore Outer Ring Road, and Courtyard by Marriott Bangalore Global Technology Park.
- 2015: SAMHI acquires 100% shareholding in Ascent Hotels Private Limited, which owns the Hyatt Regency Pune hotel. Operations commence at Four Points by Sheraton Visakhapatnam.
- 2016: SAMHI acquires the remaining 40% shareholding in Barque Hotels Private Limited, making it a wholly-owned subsidiary of the company. SAMHI enters hotel operator agreements with Intercontinental Hotels Group, rebranding the portfolio of hotels acquired through Barque Hotels Private Limited to “Holiday Inn Express.” Operations under the Marriott brand begin at Renaissance Ahmedabad Hotel and Fairfield by Marriott Coimbatore.
- 2017: SAMHI acquires Luxury Singapore Holding Company Pte Limited’s 33% shareholding in SAMHI JV, resulting in the company acquiring 100% shareholding of SAMHI JV Business Hotels Private Limited. Operations commence at multiple Holiday Inn Express locations.
- 2018: ZETA, a fine dining European and Italian restaurant, opens at Hyatt Regency Pune.
- 2019: SAMHI acquires a portfolio of 962 operating keys and 350 keys under construction in Navi Mumbai land.
- 2023: (Information beyond this point is not available in the provided timeline.)
This timeline outlines SAMHI’s growth and expansion over the years, including key investments, acquisitions, and the addition of various hotel properties to its portfolio.
Samhi Hotels has a diverse hotel portfolio strategically located in various major consumption hubs across India. These hotels cater to a wide range of preferences and budgets, featuring well-established brands. Samhi Hotels classifies its properties into three distinct segments based on brand classification: Upper Upscale and Upscale, Upper Mid-scale, and Mid-scale.
Samhi Hotels IPO Details
- IPO Open: September 14, 2023
- IPO Close: September 18, 2023
- IPO Size: Approximately ₹1370 Crores
- Fresh Issue: Approximately ₹1200 Crores
- Offer for Sale: Approximately 13,500,000 Shares
- Face Value: ₹1 Per Equity Share
- IPO Price Band: ₹119 to ₹126 Per Share
- IPO Listing on: BSE & NSE
- Retail Quota: 10%
- QIB Quota: 75%
- NII Quota: 15%
- Discount: N/A
- DRHP Draft Prospectus: [Click Here]
- RHP Draft Prospectus: [Click Here]
The objectives of the issue are as follows:
- Repayment, prepayment, or redemption, either fully or partially, of certain borrowings taken by the company and its subsidiaries, including the payment of accrued interest on these borrowings.
- General corporate purposes, which may encompass a variety of activities and financial needs to support the overall operations and growth of the company.
The Samhi Hotels IPO is scheduled to take place from September 14th to September 18th. The company aims to raise approximately ₹1200 crores through this IPO, which consists of a fresh issue of ₹[.] crores and an offer for sale of up to 13,500,000 equity shares, each priced at ₹1.
The allocation for different categories of investors is as follows:
- Retail investors will have a 10% quota.
- Qualified Institutional Buyers (QIB) will have a 75% quota.
- High Net Worth Individuals (HNI) will have a 15% quota.
Company Financials
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Revenue | 179.25 | 333.10 | 761.42 |
| Profit After Tax | -477.73 | -443.25 | -338.59 |
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 2,488.00 | 2,386.58 | 2,263.00 |
| Net Worth | -259.28 | -702.63 | -871.43 |
| Reserves and Surplus | -203.12 | -646.47 | -816.18 |
| Total Borrowing | 2,424.40 | 2,597.69 | 2,787.54 |
Strengths of SAMHI Hotels for their IPO:
- Acquisition Expertise: SAMHI Hotels has demonstrated the capability to acquire dislocated hotels and has a track record of improving their performance through renovation and rebranding. This expertise can contribute to the growth and profitability of their portfolio.
- Portfolio Size and Diversification: The company’s portfolio is sizable and diversified across various market segments. This diversification can provide stability and resilience against market fluctuations and economic challenges, making it an attractive proposition for investors.
- Operational Efficiency: SAMHI Hotels has a strong track record of efficiently operating hotels. This efficiency can lead to cost savings and improved profitability, which are essential in the competitive hospitality industry.
- Analytical Tools: The company’s ability to leverage analytical tools to create operational arbitrage is a valuable asset. This suggests a data-driven approach to decision-making, which can lead to better strategic choices and improved performance.
These strengths collectively showcase SAMHI Hotels as a promising player in the hospitality industry, which can be appealing to investors considering their IPO.
Samhi Hotels IPO Market Lot
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 119 | ₹14,994 |
| Retail Maximum | 13 | 1547 | ₹194,922 |
| S-HNI Minimum | 14 | 1666 | ₹209,916 |
| B-HNI Minimum | 67 | 7973 | ₹1,004,598 |
Here are the key dates for the Samhi Hotels IPO and its listing performance:
- IPO Opening Date: September 14, 2023
- IPO Closing Date: September 18, 2023
- Finalization of Basis of Allotment: September 22, 2023
- Initiation of refunds: September 25, 2023
- Transfer of shares to demat accounts: September 26, 2023
- Samhi Hotels IPO Listing Date: September 27, 2023
Peer Group
- Chalet Hotels
- Lemon Tree
- Indian Hotels
- EIH
Company Promoters
Goldman Sachs Investments Holdings (Asia) Ltd, Blue Chandra Pte Ltd, GTI Capital Alpha Pvt. Ltd and International Finance Corp. (IFC) Samhi Hotels IPO Registrar
KFin Technologies Limited
Tel: +91 40 6716 2222
E-mail: samhihotels.ipo@kfintech.com
Website: www.kfintech.com
Samhi Hotels IPO Lead Managers aka Merchant Bankers
- JM Financial Limited
- Kotak Mahindra Capital Company Limited
Please note that some specific details, such as the fresh issue amount, offer for sale amount, and the price band, are not provided in the information you shared. You may refer to the provided links for more detailed information on the IPO.
he strengths of SAMHI Hotels for their IPO:
- Acquisition Expertise: SAMHI Hotels has demonstrated the capability to acquire dislocated hotels and has a track record of improving their performance through renovation and rebranding. This expertise can contribute to the growth and profitability of their portfolio.
- Portfolio Size and Diversification: The company’s portfolio is sizable and diversified across various market segments. This diversification can provide stability and resilience against market fluctuations and economic challenges, making it an attractive proposition for investors.
- Operational Efficiency: SAMHI Hotels has a strong track record of efficiently operating hotels. This efficiency can lead to cost savings and improved profitability, which are essential in the competitive hospitality industry.
- Analytical Tools: The company’s ability to leverage analytical tools to create operational arbitrage is a valuable asset. This suggests a data-driven approach to decision-making, which can lead to better strategic choices and improved performance.
These strengths collectively showcase SAMHI Hotels as a promising player in the hospitality industry, which can be appealing to investors considering their IPO.
Samhi Hotels IPO Market Lot
| Investor Category | Application Lot Size | Number of Shares | Amount (₹) |
|---|---|---|---|
| Retail Minimum | 1 | 119 | ₹14,994 |
| Retail Maximum | 13 | 1,547 | ₹194,922 |
| S-HNI Minimum | 14 | 1,666 | ₹209,916 |
| B-HNI Minimum | 67 | 7,973 | ₹1,004,598 |
Here are the key dates for the Samhi Hotels IPO and its listing performance:
- IPO Opening Date: September 14, 2023
- IPO Closing Date: September 18, 2023
- Finalization of Basis of Allotment: September 22, 2023
- Initiation of refunds: September 25, 2023
- Transfer of shares to demat accounts: September 26, 2023
- Samhi Hotels IPO Listing Date: September 27, 2023
Peer Group
- Chalet Hotels
- Lemon Tree
- Indian Hotels
- EIH
Company Promoters
Goldman Sachs Investments Holdings (Asia) Ltd, Blue Chandra Pte Ltd, GTI Capital Alpha Pvt. Ltd and International Finance Corp. (IFC) Samhi Hotels IPO Registrar
KFin Technologies Limited
Tel: +91 40 6716 2222
E-mail: samhihotels.ipo@kfintech.com
Website: www.kfintech.com
Samhi Hotels IPO Lead Managers aka Merchant Bankers
- JM Financial Limited
- Kotak Mahindra Capital Company Limited
Company Address
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
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