The initial public offering (IPO) of Samhi Hotels Limited is now open for subscription, with the book build issue period running until September 18, 2023. Key highlights of the Samhi Hotels IPO include:
1) Price Band: Samhi Hotels has set the IPO price band at ₹119 to ₹126 per equity share. Each lot in the public offering consists of 119 shares. The company aims to raise ₹1,370.10 crore, with ₹1,200 crore from the issuance of fresh shares.
2) Grey Market Premium (GMP): Shares of Samhi Hotels Ltd are already trading in the unlisted stock market, commanding a premium of ₹35, as per market observers.
3) Subscription Status: By 10:21 AM on the first day of bidding, the IPO has been subscribed 0.01 times, with the retail portion seeing a subscription of 0.06 times.
Important Samhi Hotels IPO Details:
Samhi Hotels IPO GMP Today: According to market observers, the grey market premium (GMP) for Samhi Hotels IPO stands at ₹35.
Samhi Hotels IPO Price: The IPO is priced in the range of ₹119 to ₹126 per equity share.
Samhi Hotels IPO Date: The book build issue opened today and will remain open until September 18, 2023.
Samhi Hotels IPO Size: The company aims to raise ₹1,370.10 crore through this public issue, with ₹1,200 crore from fresh issues and ₹170.10 crore via the Offer for Sale (OFS) route.
Samhi Hotels IPO Lot Size: Each lot comprises 119 company shares.
Samhi Hotels IPO Allotment Date: The tentative date for finalizing share allocations is September 22, 2023.
Samhi Hotels IPO Registrar: KFin Technologies Limited has been appointed as the official registrar for the book build issue.
Samhi Hotels IPO Listing: The public offer is proposed for listing on both BSE and NSE.
Samhi Hotels IPO Listing Date: The likely date for the listing of Samhi Hotels IPO shares is September 27, 2023.
Samhi Hotels IPO Review: Rupesh Kumar Singh, Stock Market Journalist, highlighted that between March 2021 and March 2023, the company’s assets decreased by approximately 8.5%. However, revenue surged from ₹179.25 crore to ₹761.42 crore. Total borrowings increased from ₹2,424.40 crore to ₹2,787.54 crore during the same period. Reserves dropped from – ₹203.12 crore to – ₹816.18 crore. Currently, the company has negative net worth and profitability. Samhi Hotels is raising these funds primarily for repayment, prepayment, and redemption of certain borrowings, including interest payments.
Please note that the views and recommendations mentioned are those of individual analysts or brokerage firms and should be verified with certified experts before making any investment decisions.