Samhi Hotels Lists At Only 7% Premium Over IPO Price; Know Revised Share Price And Other Details

Samhi Hotels saw a moderate listing at Indian bourses on September 22, Friday. Samhi Hotels shares made its market debut at Rs 134.50 per share on NSE and Rs 130.55 on BSE, a premium of over 7% to the initial public offering (IPO) price of Rs 126 per share.

Also read: Neuberg Diagnostics' 2025 IPO Goal: Seals Merger of Neuberg Supratech and Neuberg Anand

The loss-making hotel chain saw a decent response from investors in its IPO with a subscription of 5.57 times, largely on the back of qualified institutional buyers (QIB). The issue had not received enough support from high net-worth individuals and retail investors, who subscribed 1.22 times and 1.11 times, respectively.

“On the one hand, the company is loss-making, and its financial performance has been poor for the last three years. On the other hand, the company is making progress on cutting losses, and the sales multiple is 3.7X, which is below the industry average. Investors should book profit and exit their position, and those who still want to hold should maintain a stop loss at the listing price,” said Shivani Nyati, Head of Wealth, Swastika Investmart Ltd.

The IPO opened for subscription on Thursday, September 14, and closed on  September 18. The company had fixed the price band at Rs 119 to Rs126 per equity share of face value of Rs 1 each. 

The company aimed to raise ₹1,370.10 crore from this public issue out of which Rs 1,200 crore was aimed from fresh issue and the rest Rs 170.10 crore was expected via OFS (offer for sale) route.

Samhi Hotels IPO is 119 equity shares and in multiples of 119 equity shares thereafter. Samhi Hotels has raised ₹616.50 crore from anchor investors on Wednesday, September 13.

Gurugram-based hotel chain proposes to utilise net proceeds of the fresh issue towards payment of debt and for general corporate purposes. JM Financial and Kotak Mahindra Capital Company are the book running lead managers for the IPO, while Kfin Technologies is the IPO registrar.

Also read: Cisco Acquires Cybersecurity Company Splunk For $28 Billion; Details Here

Samhi Hotels IPO GMP Today

The current Grey Market Premium (GMP) for the Samhi IPO stands at +8 today, which remains consistent with the previous trading session when it was also +8. In contrast, on Wednesday, the Samhi IPO GMP was +5.

When taking into account the upper end of the IPO price range and the present premium observed in the grey market today, the estimated listing price for Samhi Hotels shares is projected to be Rs 134 per share. This figure represents a 6.35% increase compared to the IPO price of Rs 126.