Samhi Hotels IPO subscribed 5.33 times on last day of bidding, ET RealEstate

January 1, 2024
1 min read
samhi hotels ipo subscribed 5 33 times on last day of bidding


NEW DELHI: The Initial Public Offering (IPO) of Samhi Hotels was subscribed 5.33 times on the last day of bidding on Monday.

The Rs 1,370-crore initial share sale received bids for 33,30,05,911 shares against 6,25,29,831 shares on offer, as per NSE data.

The portion for Qualified Institutional Buyers (QIBs) received 8.82 times subscription while the quota for non-institutional investors got 1.22 times subscription.

The category for retail individual investors was subscribed 1.11 times.

The IPO had a fresh issue of up to Rs 1,200 crore and offer for sale of up to 13,500,000 equity shares.

Price range for the offer was at Rs 119-126 a share.

Gurugram-based Samhi Hotels earlier said it mopped up Rs 616.54 crore from anchor investors.

In a pre-IPO placement, external investor Blue Chandra had sold 10.32 million shares, or 8.4 per cent of its stake, to renowned investor Madhusudan Kela’s wife Madhuri Kela, along with Nuvama Crossover Opportunities Fund and TIMF Holdings, for a total consideration of Rs 130 crore.

Samhi acquires and builds primary hotels and thereafter renovates, rebrands and rerates the property and runs it.

JM Financial and Kotak Mahindra Capital Company were the managers to the offer.

  • Published On Sep 18, 2023 at 06:30 PM IST

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