SAMHI Hotels IPO
SAMHI Hotels IPO — date, price band, lot size & details 2023
SAMHI Hotels listed on 22 Sep 2023 at ₹134.5, 6.7% above the ₹126 issue price.
SAMHI Hotels is a branded hotel ownership and asset management platform with hotels run by operators such as Marriott, Hyatt and IHG. It had 3,839 keys across 25 operating hotels on 31 March 2023.
Stock price
SAMHI Hotels is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 14 November.
- Open 14 Sep 2023
- Close 18 Sep 2023
- Allotment 22 Sep 2023
- Refund/credit 25 Sep 2023
- Listing 22 Sep 2023
Issue summary
The terms of the offer, as filed.
| IPO Dates | 14 to 18 Sep, 2023 |
|---|---|
| Price Band | ₹119 – ₹126 |
| Face Value | ₹1 |
| Lot Size | 119 Shares |
| Issue Size | ₹1370.1 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 14,994 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 119 shares at the ₹126 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 119 | ₹14,994 |
| Retail (max) | 13 | 1,547 | ₹1,94,922 |
| S-HNI (min) | 14 | 1,666 | ₹2,09,916 |
| S-HNI (max) | 66 | 7,854 | ₹9,89,604 |
| B-HNI (min) | 67 | 7,973 | ₹10,04,598 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Total income rose from Rs 179.25 crore in FY2021 to Rs 761.42 crore in FY2023 as travel recovered.
- 02Rs 900.00 crore of the fresh issue was planned for repaying debt.
- 03Its portfolio rose to 4,801 keys after the ACIC acquisition.
- 04It had the 3rd largest inventory of operational keys in India, as per JLL, across 12 urban centres.
- 05The loss narrowed from Rs 477.73 crore in FY2021 to Rs 338.59 crore in FY2023.
Risks · 5
- 01The company made losses in every year shown, including Rs 338.59 crore in FY2023.
- 02Net worth was negative at minus Rs 871.43 crore on 31 March 2023.
- 03Total borrowing was Rs 2,787.54 crore on 31 March 2023, so interest costs are heavy.
- 04With losses, the P/E was negative, and the market value at Rs 126 was Rs 2,747.25 crore.
- 05The company has no identifiable promoter, and hotel demand can fall sharply in downturns, as in FY2021 with income of Rs 179.25 crore.
Three years of numbers
All figures in ₹ crore, as reported in the SAMHI Hotels offer document.
| Metric | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Assets | 2,263.00 | 2,386.58 | 2,488.00 |
| Total Income | 761.42 | 333.10 | 179.25 |
| Profit After Tax | -338.59 | -443.25 | -477.73 |
| NET Worth | -871.43 | -702.63 | -259.28 |
| Reserves and Surplus | -816.18 | -646.47 | -203.12 |
| Total Borrowing | 2,787.54 | 2,597.69 | 2,424.40 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the SAMHI Hotels RHP.
Where the money goes
₹1,208.53 Cr of the issue is earmarked to named objects.
SAMHI Hotels IPO Anchor Investors
35 anchor investors across 17 fund houses committed ₹616.54 Cr a day before the issue opened.
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
Within 12 years it built a portfolio of 3,839 keys across 25 operating hotels in 12 key urban centres, including Bengaluru, Hyderabad, the NCR, Pune, Chennai and Ahmedabad. Its hotels are in the upper upscale, upscale, upper mid-scale and mid-scale segments.
Its hotels run under long-term management contracts with operators such as Marriott, Hyatt and IHG. After the ACIC acquisition, which added 962 keys across six hotels and land in Navi Mumbai, its portfolio rose to 4,801 keys. The company has no identifiable promoter.
The IPO was Rs 1,370.1 crore, with Rs 1,200.00 crore of fresh issue and Rs 170.10 crore of offer for sale. Rs 900.00 crore was planned for repaying borrowings of the company and its subsidiaries.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
SAMHI Hotels IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
JM Financial Ltd.
172 issues handledBest listing: Tata Technologies (+140.0%). Weakest: ACME Solar Holdings (-13.1%).
Kotak Mahindra Capital Company Limited
204 issues handledBest listing: Premier Energies (+120.0%). Weakest: Puravankara Projects (-22.5%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of SAMHI Hotels?
The current Grey Market Premium is ₹5, or 4% over the issue price.
What is the SAMHI Hotels IPO price band?
₹119 to ₹126, on a face value of ₹1.
When is the allotment?
The basis of allotment is 22 September 2023, with listing on 22 September 2023.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
