About SAMHI Hotels IPO
Incorporated in 2010, SAMHI Hotels is a branded hotel ownership and asset management platform. As of 31 March 2023, it has the third largest inventory of operational keys/rooms, owned and leased, in India.
The company operates 31 hotels in 12 key urban consumption centers like Bangalore, Hyderabad, National Capital Region (NCR), Pune, Chennai, and Ahmedabad. Including the acquisition of ACIC on 10 August 2023, it now has a portfolio of 4,801 keys.
The company uses an acquisition-led strategy, has diversified its portfolio across different price points and undertakes established brands such as Fairfield by Marriott and Holiday Inn Express in the upper mid-scale and mid-scale category. In FY23, the upper mid-scale and mid-scale hotels contributed 51% to the total income, whereas upper upscale and upscale hotels contributed 47%.
Between FY21 and FY23, the hotels’ average occupancy rate has increased from 27% to 71%. Meanwhile, its revenue from operations grew at a CAGR of 63%. The company has narrowed its losses to 338 crore in FY23.
Moreover, travel and tourism are the third largest foreign exchange earners for India, and the Indian tourism industry could grow at an annual rate of 10.35% between 2019 and 2028, reaching a total value of $512 billion by 2028. This robust industry growth could be beneficial for the company.
And now, SAMHI Hotels Limited is coming out with its initial public offer (IPO). The IPO will be an offer for sale as well as a fresh issue. The money raised through the fresh issue will be used to repay borrowings and for general corporate purposes. Its shares will be listed on the NSE and the BSE.
Here are key details about the SAMHI Hotels IPO:
A quick look at SAMHI Hotels Limited IPO’s strengths, risks and threats
Risks and threats
SAMHI Hotels Limited IPO details
| SAMHI Hotels Limited IPO date
According to the offer document filed by the company with the SEBI, the SAMHI Hotels IPO’s opening date – in other words, the SAMHI Hotels IPO launch date – will be 14th September 2023. The SAMHI Hotels IPO closing date is 18th September 2023. After this, investors will be updated about the allotment status on 22nd September 2023.
Investors, who have been allotted shares, can expect them to be credited to their demat account on 26th September 2023. The SAMHI Hotels IPO listing date is 27th September 2023. The listing date is the date on which the shares of a company get listed on the bourses – NSE and BSE.
| SAMHI Hotels Limited IPO price band
The IPO is an offer for sale as well as a fresh issue. The SAMHI Hotels IPO price band has been set between ₹119 and ₹126 per share. Interested investors can choose a price within this band to apply for the IPO.
The SAMHI Hotels IPO listing price will be determined on 27th September 2023. The listing price is the price at which a company’s shares debut on the stock exchanges.
| SAMHI Hotels Limited IPO lot size
The SAMHI Hotels IPO details have been declared. The SAMHI Hotels IPO lot size is set at 119 shares and an investor can apply for a minimum of 1 lot. Meanwhile, the SAMHI Hotels IPO issue size is approx ₹1370 crore.
How to pre-apply for the SAMHI Hotels IPO?
You can pre-apply for the SAMHI Hotels IPO on Upstox. The pre-application for this IPO, which means pre-apply open date, usually begins a day before the IPO opens for subscription.
Follow these steps to pre-apply for the IPO:
How to apply for the SAMHI Hotels IPO?
If you are interested in this investment opportunity but unsure how to apply for the SAMHI Hotels IPO, here we are listing out the steps for you.
When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for the SAMHI Hotels IPO on Upstox:
How to check the SAMHI Hotels IPO allotment status?
When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally done around five to six days after an IPO closes.
Here’s a step-by-step guide on how to check the SAMHI Hotels IPO allotment status:
Open a demat account with Upstox to apply for the SAMHI Hotels IPO
To apply for the SAMHI Hotels IPO, you need to mandatorily have a demat account. A demat account helps you hold the shares you buy in a dematerialised format. If you don’t have a demat account yet, you can open one with Upstox by visiting our website or by downloading the app.
Here is a step-by-step guide on how to open a demat account with Upstox:
This is all it takes to open a demat account with Upstox. Easy and quick, right?
Upstox – trading app to apply for the SAMHI Hotels IPO
Applying for IPOs with Upstox is extremely easy. The user-friendly interface and top-notch security make Upstox one of the leading trading apps in India.
You can apply for the SAMHI Hotels IPO on Upstox, provided you have a demat account. As mentioned in the previous section, you can simply follow the steps to open a demat account with Upstox. The biggest advantage is that when you apply for an IPO using your Upstox account, the brokerage charges are zero.
In fact, courtesy of its robust features and minimal charges, Upstox is among the most preferred trading apps. Lakhs of Indians trust Upstox as it is a reliable trading platform that makes IPO applications easy.
Pre-applying for the SAMHI Hotels IPO means applying for this public issue before it goes live. Click here to pre-apply for the SAMHI Hotels IPO on Upstox.
You can pre-apply for the SAMHI Hotels IPO from 12 September 2023. Once the IPO goes live, you will receive a UPI mandate. Accept this to block the IPO application amount and successfully place your bid.
You can apply on Upstox’s website and app, once the SAMHI Hotels IPO opens for the subscription.
The SAMHI Hotels IPO launch date is 14th September 2023. The SAMHI Hotels IPO will be open for subscription till 18th September 2023.
The SAMHI Hotels lot size is 119 shares and the minimum investment required is ₹14,161.
The SAMHI Hotels IPO price band is ₹119 – ₹126 per share.
The size of the SAMHI Hotels IPO is approx. ₹1,370 crore.
You can place up to three bids for an application.
No, the bids have to be placed in one go. If you want to add an additional bid, then you would have to delete your application and re-apply.
If shares are allotted, then they will be credited to your demat account on 26th September 2023.
SAMHI Hotels shares will be on NSE and BSE.
SAMHI Hotels shares’ listing date is 27th September 2023.