SAMHI Hotels IPO is Trending

Discover key details about SAMHI Hotels IPO - the opening and closing dates, price band, lot size, and more.

About SAMHI Hotels IPO

Founded in 2010, SAMHI Hotels owns and manages 31 hotels with 4,801 keys in India's major cities. Recently acquired 962 keys in Mumbai.

IPO Details

IPO Date: 14th Sep - 18th Sep 2023 Total Issue Size: Rs. 1370.10 Crore Price Band: Rs. 119-126 per share Lot Size: 119 Shares in each lot Allotment Date: 22nd September 2023 Listing Date: 27th September Minimum Investment: Rs, 14,994

Strengths of the IPO

· Acquisition & turnaround strategy for growth · Hotels in 12 key Indian cities · Tech-driven efficient management · Shared centers with Marriott, IHG

Risks Involved

· 10/25 hotels on leased properties · Dependent on third-party operators · Company has seen restated losses and negative net-worth recently · Risks in owning and developing hotels

IPO Objective

· Repay/prepay/redeem borrowings · Cover accrued interest · General corporate purposes