Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Google
Web www.equitybulls.com
IPO News

| More

SAMHI Hotels IPO subscribed 5.33 times on Final Day

Posted On: 2023-09-18 21:21:18 (Time Zone: IST)


The Initial Public Offering of Gurugram-based SAMHI Hotels Limited is a branded hotel ownership and asset management platform in India was subscribed 5.32 times on the last day of bidding.

The issue received bids of 33,29,86,871 shares against the offered 6,25,29,831 equity shares, at a price band of ?119-126, according to the data available on the stock exchanges.

Qualified Institutional Buyer Portion was subscribed 8.82 times, Non-Institutional Investors Portion was subscribed 1.22 times. whereas, Retail Portion was subscribed 1,11 times.

Nirmal Bang, IDBI Capital, and Arihant Capital have given recommendations of a "SUBSCRIBE" rating to the issue.

Brokerage firms have stated that the company achieved impressive top-line performance, displaying a CAGR of 15.5% from FY20 to FY23, surpassing the average growth rate of listed peers, which stood at 7.9%. The company's adaptable approach to asset ownership enables it to procure properties across various price ranges within the hotel industry.

This flexibility also empowers the company to collaborate with multiple top-tier operators to carefully select the most suitable brands for each individual hotel. As on Mar'23, ROCE (proforma incl ACIC portfolio) stood at 6.6% which is further expected to improve on the back of debt repayment and growth planned for the upcoming few quarters.

The offering is priced at a multiple of 15.8x EV/EBITDA, based on the FY23 proforma financials, representing a discount compared to the average valuation of 30.2x EV/EBITDA for its publicly listed peers.

JM Financial Limited and Kotak Mahindra Capital Company Limited are the book running lead managers to the issue. The Equity Shares are proposed to be listed on BSE Limited and National Stock Exchange (NSE).


Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Sheetal Universal Ltd IPO to open on Dec 4, 2023

Onest and Shiva Pharmachem gets Sebi nod for IPO

Kronox Lab Sciences Limited files DRHP for IPO

Indian Renewable Energy Development Agency IPO subscribed 39 times on Final Day

Gopal Snacks Limited files draft papers for a Rs 650 crore IPO

Indian Renewable Energy Development Agency IPO subscribed 4.56 times on Day 2

Rockingdeals IPO opens today, Anchor Book fully subscribed

Indian Renewable Energy Development Agency IPO fully subscribed on Day 1

Rockingdeals IPO price band announced at Rs. 136-Rs. 140 per share, issue opens on November 22

Indian Renewable Energy Development Agency Ltd's IPO to open on Tuesday, November 21, 2023

Mukka Proteins Limited gets Sebi Nod for IPO

Tata Technologies Ltd files RHP for IPO

ESAF Small Finance Bank Ltd's IPO to open on Friday, November 3, 2023, sets price band at ?57 to ?60 per Equity Share

Ludhiana-based Auto Component Maker Happy Forgings Limited receives Sebi nod to float its IPO

Equitas Small Finance Bank Ltd posts Q2 FY2024 PAT of Rs. 198.13 crores

Sona Comstar wins the prestigious Golden Peacock Award 2023 for Excellence in Corporate Governance

Kolkata-based GPT Healthcare refiles IPO papers with Sebi

IRM Energy Limited raises Rs 160.35 crores from anchor investors

Cello World Limited gets Sebi nod for its Rs 1750 crore IPO

ESAF Small Finance Bank gets Sebi nod for IPO

IRM Energy Limited's IPO to open on Wednesday, October 18, 2023

RBZ Jewellers gets Sebi nod for IPO

MUFTI Owner Credo Brands Marketing gets Sebi nod for IPO

Manappuram Finance promoted Asirvad Micro Finance Ltd files draft papers for a Rs 1500 crore IPO

Polymatech Electronics Ltd files DRHP with SEBI for IPO to raise up to Rs. 750 crore

Plaza Wires IPO receives 152 crore bids versus 95 lakh shares on offer, oversubscribed 161 times

Tata Technologies Limited files addendum to DRHP with SEBI

Plaza Wires IPO Subscribed over 62 times, Retail Book garners over Rs 1500 cr demand

Juniper Hotels files DRHP with SEBI for Rs 1800 crore IPO

Plaza Wires Ltd IPO oversubscribed 4.69 times on Day 1

Retail Investors make rush for JSW Infra IPO, subscribed 43% on Day 1

Rockingdeals Circular Economy Ltd files DRHP with NSE Emerge for IPO

Hi Green Carbon Ltd IPO opens for subscription

Yatra Online IPO subscribed 1.61 times on Final Day

JSW Infrastructure Ltd's IPO to open on Monday, September 25, 2023, sets price band at ?113 to ?119 per Equity Share

Manoj Vaibhav Gems 'N' Jewellers Ltd's IPO to open on Friday, September 22, 2023, sets the price band at ?204 to ?215 per Equity Share

Hi-Green Carbon IPO to open on 21st September; Announces a Price Band of Rs. 71-75 per equity share

Yatra Online Limited's IPO to open on Friday, September 15, 2023, sets price band at ?135 to ?142 per Equity Share

SAMHI Hotels Ltd's IPO to open on Thursday, September 14, 2023, sets price band at ?119 to ?126 per Equity Share

Indian Renewable Energy Development Agency files DRHP for IPO

Robust QIB demand for Jupiter Hospital IPO, Issue subscribed 64 times

EMS IPO raised 96.37 crore from various investors, including Morgan Stanley Asia PTE, and Bofa Securities

Jupiter Life Line Hospitals IPO subscribed 3.3 times on Day 2

EMS Limited is set to open its IPO tomorrow with a price range of Rs. 200-211 per equity share

Jupiter Life Line Hospitals IPO subscribed 87% on Day 1

Chavda Infra IPO price band announced, issue opens on 12 September

Basilic Fly Studio Limited NSE SME IPO garners subscription of 286.61 times

Stanley Lifestyles files for its IPO

SAMHI Hotels and Motisons Jewellers gets Sebi nod for IPO

Chavda Infra IPO to open on 12th September, looks to raise around Rs. 43 crore


Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020