BackSamhi Hotels share price debuts at 6.7% premium at ₹134.50 on NSE
Samhi Hotels lists at premium on bourses, shares priced at ₹134.50 on NSE and ₹130.55 on BSE. IPO subscribed 5.33 times.
PremiumSamhi Hotels listing date: Shares of Samhi Hotels Ltd listed on the bourses at a premium on Friday. On the NSE, Samhi Hotels share price today was listed at ₹134.50 per share, 6.7% higher than the issue price of ₹126, and on the BSE, Samhi Hotels share price was listed at ₹130.55 per share.
Samhi Hotels IPO opened for subscription on Thursday, September 14, and will closed on Monday, September 18. Samhi Hotels IPO was subscribed 5.33 times on day 3.
Samhi Hotels IPO details
Samhi Hotels IPO price band was fixed in the range between ₹119 to ₹126 per equity share of face value of ₹1 each. The company aimed to raise ₹1,370.10 crore from this public issue out of which ₹1,200 crore was aimed from fresh issue and rest ₹170.10 crore was 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.
Also Read: Samhi Hotels IPO listing date today. GMP, experts predict par listing
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 GMP today
Samhi IPO GMP today or grey market premium is +8, similar to previous trading session. On Wednesday, Samhi IPO GMP was +5.
Considering the upper end of the IPO price band and the current premium in the grey market today, the estimated listing price of Samhi Hotels share price was ₹134 apiece, which is 6.35% higher than the IPO price of ₹126.
'Grey market premium' indicates investors' readiness to pay more than the issue price.
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