September 22, 2023
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SAMHI Hotels IPO GMP, Details, Guidance, Subscription & listing @ Chanakyanipothi.com, India`s Oldest Investment & IPO website.
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SAMHI Hotels IPO Guidance:
1) In the hotel business, the company has third largest inventory of operational keys.
2) Its hotel portfolio is diversified across key consumption centers.
3) Large IPO size (Rs.1370 Cr.)
4) At Net level, the company has shown losses during the previous 3 years.
5) Many listed Hotel scrips are available at attractive valuation. May avoid this IPO.
Anchor book:
Samhi Hotels raises Rs 616.54 crore via anchor book ahead of IPO
Samhi Hotels, backed by marquee investors Equity International, ACIC Mauritius and Goldman Sachs, has mobilised Rs 616.54 crore via anchor book on September 13, a day before the issue opening.
Global investors including the Government of Singapore, Monetary Authority of Singapore, CLSA Global Markets, Think India Opportunities Master Fund, HSBC Global, Natixis International Funds, Imco Emerging Markets Public Equity LP, Citigroup Global Markets Mauritius and Societe Generale invested in the company via anchor book.
Among others, SBI Mutual Fund, ICICI Prudential, Aditya Birla Sun Life Trustee, Nuvama, Edelweiss, Vikasa India EIF I Fund, and Elara India Opportunities Fund also participated in the anchor book, a part of QIB.
SAMHI Hotels IPO Grey Market Premium
Premium: Rs.5
Kostak Rs. 500
Subject to buyer price Rs. 7000
What is SAMHI Hotels IPO Subscription Status?
On 18 September 2023 @ 5.00 (Day 3) Closed
Review: Losses may deter retail investors.
QIB: 33944748 Shares 8.82 T
NII(10L+): 11434033 Shares 1.35 T
NII (<10L) 5717017 Shares 0.97 T
NII (Total) 17151050 Shares 1.22 T
RII: 11434033 Shares 1.11 T
Total: 62520831 Shares 5.33 T
Who is the promoter of SAMHI Hotels IPO?
The COMPANY DOES NOT HAVE AN IDENTIFIABLE PROMOTER
What is the business of SAMHI Hotels?
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 March 31, 2023. Within 12years of starting its business operations, it has built a portfolio of 3,839 keys across 25operating 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 March 31, 2023. Pursuant to the completion of the ACIC Acquisition on August 10, 2023, its portfolio has further increased to 4,801 keys across 31 operating hotels.It has adopted an acquisition-led strategy, which is underpinned by its track record of acquiring and successfully turning around hotels to grow its business. It acquires or builds primarily business hotels, and it takes steps to further upgrade properties and engage with established branded hotel operators to allow the hotels to be appropriately positioned within the market. Subsequent to this one-time upgrade of the property, it deploys its in-house and proprietary asset management tools and capabilities to further enhance the ongoing financial and operational performance of the property.
Its portfolio is diversified across key consumption centers in India, at different price-points and with established brands catering to a broad set of demand. It currently categorizes its 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 its Total Income for the Financial Year 2023 was from Upper Mid-scale and Mid-scale hotels. The Upper Mid-scale and Mid-scale segments offer significant growth opportunities in India due to their relevant price positioning and limited dependence on international travelers. Its 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). These cities are expected to demonstrate strong growth in airline passenger traffic and premium office space absorption, which is expected to benefit the overall demand base for our hotels.
For more information, click https://www.samhi.co.in/index.php
What is the object of SAMHI Hotels IPO?
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
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.
SAMHI Hotels IPO GMP, Particulars & Guidance
| SAMHI Hotels IPO Details | |
| IPO opens on | 14 September ,2023 |
| IPO closes on | 18 September ,2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 108738095 Sh/Rs 1370.10 Cr |
| * Fresh Issue | 95,23,8095 Sh /Rs 1200 Cr |
| * Offer for Sale | 135,00,000 Sh /Rs 170.1 Cr |
| Face Value per share: | Rs. 1 |
| Price Band | Rs. 119-126 |
| Retail Discount | Rs 0 per share |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 119 Shares |
| Listing will at | BSE, NSE |
| Shares offered to | Shares | Rs. in Cr |
| QIB (75 %) | 81553571 | 1027.57 |
| NII (15 %) | 16310714 | 205.52 |
| RII (10 %) | 10873810 | 137.01 |
| Employees | X | 0 |
| Total Shares | 108738095 | 1370.10 |
| Retail portion will be oversubscribed by | 76125 Forms. | |
| How to apply in SAMHI Hotels IPO ? | Net of RII discount | |
| Min Retail Application | 119 Sh | Rs. 14994 |
| Max Retail Application | 1547 Sh | Rs. 194922 |
| Small HNI (Min) application | 1666 Sh | Rs. 209916 |
| Small HNI (Max) application | 7854 Sh | Rs. 989604 |
| Big HNI Application | 7973 Sh | Rs. 1004598 |
| What is the timetable of SAMHI Hotels IPO? | |
| IPO opens on | 14 September 2023 |
| IPO Closes on | 18 September 2023 |
| IPO Allotment on | 22 September 2023 |
| Unblocking of ASBA | 25 September 2023 |
| Credit of Shares | 26 September 2023 |
| Listing on | 27 September 2023 |
| Registered Office of SAMHI Hotels | |
| Caspia Hotels Delhi, District Centre Crossing, Opposite Galaxy Toyota, Outer Ring Road, Haider Pur, Shalimar Bagh, New Delhi – 110 088 |
|
| Who are the Lead Managers of SAMHI Hotels IPO? Jm Financial Ltd Kotak Mahindra Capital Company |
|
| Registrar to IPO | |
| KFin Technologies Limited |
| SAMHI Hotels IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs. in Cr | Rs.in Cr | Rs. | % | |
| 2020-21 | 179.25 | (478) | (62.64) | N.A. |
| 2021-22 | 333.10 | (443) | (58.12) | N.A. |
| 2022-23 | 761.42 | (339) | (43.93) | N.A. |
| Book Value of the Share on 31.03.2023 | Rs. | (113) | ||
| BV of the Share after the FPO | Rs. | ? | ||
| Offer Price at Cap | Rs. | ? | ||
| Ratio Analysis | |
| Upper Price /last EPS | NA |
| Upper Price/Book Value Ratio | NA |
| Upper Price/BV after IPO | NA |
Peer Comparison.
| As on date of RHP | FV | Total | PE |
| Rs | Income(Cr) | Ratio of | |
| The IPO Company | 1 | 933 | ? |
| Chalets Hotels | 10 | 1129 | 61.64 |
| Lemon Tree Hotels | 10 | 875 | 75.26 |
| The Indian Hotels | 1 | 5810 | 59.63 |
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SAMHI Hotels IPO GMP, Particulars & Guidance
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