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Samhi Hotels IPO

Samhi Hotels IPO

  • Status: Closed
  • RHP:
  • ₹ 14,161 / 119 shares

    Minimum Investment

IPO Details

  • Open Date

    14 Sep 2023

  • Close Date

    18 Sep 2023

  • IPO Price Range

    ₹ 119 to ₹ 126

  • IPO Size

    ₹ 1,370.10 Cr

  • Listing Exchange

    BSE, NSE

  • Listing Date

    22 Sep 2023

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IPO Timeline

Samhi Hotels IPO Subscription Status

Last Updated: 22 September 2023 11:10 AM by 5Paisa

SAMHI Hotels Limited IPO is all set to open from 14th September to 18th September 2023. The company is a branded hotel ownership and asset management platform in the country. The IPO includes a fresh issue of 95,238,095 equity shares worth ₹1200.00 cr and an Offer For Sale (OFS) of 13,500,000 equity shares worth ₹170.10 cr. The total issue size is ₹1,370.10 cr. The share allotment date is 22nd September, and the IPO will be listed on 27th September on the stock exchanges. The price band is ₹119 to ₹126 per share and the lot size is 119 shares.    

JM Financial Limited and Kotak Mahindra Capital Company Limited are the book-running lead managers for this IPO, while KFin Technologies Limited is the registrar. 

Objectives of SAMHI Hotels IPO:

●    Prepay or repay full/part of the borrowing availed of by the company and its subsidiaries including interest payments.
●    Fund general corporate purposes.

SAMHI Hotels IPO Video:

 

Established in 2010,  SAMHI Hotels Limited is a branded hotel ownership and asset management platform in the country. 

SAMHI's hotels manage and operate renowned hotel brands such as Courtyard by Marriott, Sheraton, Hyatt Regency, Hyatt Place, Fairfield by Marriott, Four Points by Sheraton, and Holiday Inn Express. The company has divided its hotel portfolio into three categories based on its brand classifications, which include: i) Mid-scale ii) Upper Mid-scale iii) Upper Upscale and Upscale. With the brand affiliation, the company has access to a wide range of benefits, including participation in the operator's loyalty programs, access to management and operational expertise, online reservation systems, and effective marketing strategies. 

As of March 31, 2023, SAMHI Hotels has a diverse portfolio comprising 4,801 rooms spread across 31 operational hotels strategically located in 14 major urban areas across India. These include prominent cities like Bengaluru in Karnataka, Hyderabad in Telangana, Delhi NCR, Pune in Maharashtra, Chennai in Tamil Nadu, and Ahmedabad in Gujarat. Additionally, the company is actively developing 2 new hotels, with a combined room count of 461, in Kolkata and Navi Mumbai.

Peer Comparison

●    Chalet Hotels
●    Indian Hotels
●    Lemon Tree
●    EIH

For More Information:
Webstory on SAMHI Hotels IPO
SAMHI Hotels IPO GMP

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY22 FY21
Revenue 738.57 322.74 169.58
EBITDA 260.59 21.79 -59.71
PAT -338.58 -443.25 -477.72
Particulars (in Rs. Crores) FY23 FY22 FY21
Total Assets 2263.00 2386.57 2488.00
Share Capital 8.53 7.62 7.62
Total Borrowings 3070.64 3025.41 2683.49
Particulars (in Rs. Crores) FY23 FY22 FY21
Net cash generated from / (used in) operating activities 217.44 26.31 21.65
Net cash from / (used in) investing activities 68.39 -2.54 42.28
Net cash flow from / (used in) financing activities -318.68 -17.44 6.46
Net increase (decrease) in cash and cash equivalents -32.84 6.33 70.40


Strengths

1.    The company has the ability to acquire dislocated hotels and demonstrated a track record of re-rating hotel performance through renovation and/or rebranding. 
2.    Presence in key urban cities across India. 
3.    Operates renowned hotel brands via agreements including Courtyard by Marriott, Sheraton, Hyatt Regency, Hyatt Place, Fairfield by Marriott, Four Points by Sheraton, and Holiday Inn Express.
4.    Portfolio’s scalability and diversification. 
5.    It has the ability to create Operating Arbitrage using Analytical Tools.
6.    Strong governance system and experienced management team.
 

Risks

1.    The company has reported losses and negative net worth in recent years.
2.    Its indebtedness and the conditions and restrictions imposed by the financing arrangements may limit the ability to grow the business.
3.    The business is subject to seasonal and cyclical variations.
4.    Any terminations by the agreement with hotel operators such as Marriott, Hyatt and IHG can heavily impact the company’s profitability and overall operations. 
5.    The COVID-19 pandemic, or any future pandemic or widespread public health emergency can affect its business.
6.    Operates in a very competitive industry. 
 

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FAQs

The minimum lot size of SAMHI Hotels IPO is 119 shares and the investment required is ₹14,161.

The price band of SAMHI Hotels IPO is ₹119 to ₹126.

SAMHI Hotels IPO is open from 14th September to 18th September 2023.
 

The total size of SAMHI Hotels IPO is ₹1,370.10 cr. 

The share allotment date of SAMHI Hotels IPO is 22nd of September, 2023.

The SAMHI Hotels IPO will be listed on the 27th of September, 2023.

JM Financial Limited and Kotak Mahindra Capital Company Limited are the book-running lead managers for SAMHI Hotels IPO.

SAMHI Hotels Limited plans to utilize the raised capital from IPO to:

1.    Prepay or repay full/part of the borrowing availed of by the company and its subsidiaries including interest payments.
2.    Fund general corporate purposes.
 

To apply for the SAMHI Hotels IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for the SAMHI Hotels Limited IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    
●    You will receive a mandate notification to block funds in your UPI app.