Samhi Hotels shares listed at a 7% premium over the IPO price on the NSE and at 3.61% on BSE amidst a volatile domestic market. The share debuted at Rs 134.50 on the NSE, as compared to the issue price of Rs 126. The investors have made a profit of 8.50 per share as the scrip gave investors a 6.74% return on the listing.
The Samhi Hotels IPO was subscribed 5.57 times. The Qualified Institutional Buyers (QIBs) category was subscribed 9.18 times, the portion for non-institutional investors received a 1.29-time subscription, and the Retail Individual Investors (RIIs) quota got oversubscribed by 1.17 times. The IPO comprised a fresh issue of 95,238,095 shares aggregating up to Rs 1,200 crore and an Offer-For-Sale (OFS) with promoters offloading 13,500,000 shares aggregating up to Rs 170.10 crore.
About Samhi Hotels
Samhi Hotels (SHL) is a 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. The company has built a portfolio of 3,839 keys across 25 operating hotels in 12 of India’s key urban consumption centers, including Bengaluru, Hyderabad, the National Capital Region, Pune, Chennai, and Ahmedabad, as of March 31, 2023. Pursuant to the completion of the ACIC acquisition on August 10, 2023, SHL’s portfolio has further increased to 4,801 keys across 31 operating hotels.