Samhi Hotels IPO: Issue sees tepid investor response on day 2; retail portion booked 34% | Mint
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Business News/ Markets / Ipo/  Samhi Hotels IPO: Issue sees tepid investor response on day 2; retail portion booked 34%

Samhi Hotels IPO: Issue sees tepid investor response on day 2; retail portion booked 34%

Samhi Hotels IPO subscribed 7% on day 1, with retail portion at 34%, NII portion at 2%, and QIB portion with no subscription.

Samhi Hotels IPO opens for subscription on September 14 and closes on September 18. (Image: Company Website)Premium
Samhi Hotels IPO opens for subscription on September 14 and closes on September 18. (Image: Company Website)

Samhi Hotels IPO subscription status: Samhi Hotels IPO has been subscribed 7% on day 1. Samhi Hotels IPO has opened for subscription today (Thursday, September 14), and will close on Monday, September 18.

Samhi Hotels IPO witnessed subdued investor interest on day 1. Samhi IPO's retail investors portion was subscribed 34%, NII portion was subscribed 2%, and Qualified Institutional Buyers (QIB) did not receive any subscription.

Samhi IPO subscription status details

Samhi Hotels IPO has received bids for 43,39,930 shares against 6,25,29,831 shares on offer, according to data from the BSE.

Samhi Hotels IPO retail investors' portion received bids for 39,13,672 shares against 1,14,34,033 shares on offer for this segment.

Samhi IPO's non-institutional investors' portion received bids for 4,24,354 shares against 1,71,51,050 on offer for this segment.

Samhi IPO's Qualified Institutional Buyers (QIBs) portion received bids for 1,904 shares against 3,39,44,748 on offer for this segment.

Also Read: Samhi Hotels IPO opens today: GMP, date, subscription status, review, other details. Apply or not?

Samhi Hotels IPO details

Samhi Hotels IPO price band has been fixed in the range between 119 to 126 per equity share of face value of 1 each. The company aims to raise 1,370.10 crore from this public issue out of which 1,200 crore is aimed from fresh issue and rest 170.10 crore is expected via OFS (offer for sale) route.

Samhi Hotels IPO is 119 equity shares and in multiples of 119 equity shares thereafter. Samhi Hotels has raised 616.50 crore from anchor investors on Wednesday, September 13.

Prior to the opening of its initial public offering (IPO), Blue Chandra Pte. Ltd. sold Madhuri Kela, the wife of renowned investor Madhusudan Kela, 10.32 million shares, or 8.4% of the company, along with Nuvama Crossover Opportunities Fund and TIMF Holdings, for a total consideration of 130 crore.

Samhi Hotels Ltd acquires or constructs first-class hotels, then renovates, rebrands, and reassesses the facility before successfully managing it. It has only been in operation for 13 years, but in the most recent fiscal year (FY23), it added 369 keys, making it the third-largest hotel owner in terms of keys.

The Gurguram-based company proposes to utilise net proceeds of the fresh issue towards payment of debt and for general corporate purposes. JM Financial and Kotak Mahindra Capital Company are the book running lead managers for the IPO, while Kfin Technologies is the IPO registrar.

Samhi Hotels IPO dates

Samhi Hotels IPO share allotment will tentatively take place on Friday, September 22. Those allotted shares will get them in their Demat accounts on Tuesday, September 26. The refund process for those who did not get shares will begin on Monday, September 25. Samhi Hotel IPO shares will be listed on NSE and BSE on Wednesday, September 27.

Samhi Hotels IPO GMP today

Samhi IPO GMP today or grey market premium is +16, higher than previous trading session. On Wednesday, Samhi IPO GMP was +14.

Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Samhi Hotels share price is 142 apiece, which is 12.7% higher than the IPO price of 126.

'Grey market premium' indicates investors' readiness to pay more than the issue price.

Also Read: Samhi Hotels IPO to open on 14 September, comprises of fresh issue of equity shares worth 1,200 crore

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Published: 14 Sep 2023, 03:07 PM IST
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