Samhi Hotels Ltd. IPO

Samhi Hotels, a leading hotel ownership and asset management platform in India, holds the third-largest inventory of operational keys in the country as of March 31, 2023. With 25 operating hotels in key urban centers like Bengaluru and Hyderabad, Samhi follows an acquisition-focused strategy. It specializes in business hotels and collaborates with established operators such as Marriott and Hyatt. This approach, along with its diversified portfolio, positions Samhi for ongoing success in India's hospitality industry.

RHP
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DRHP
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Open Date

2023-09-14

Close Date

2023-09-18

Company Financials

You can get the following financial statements of Samhi Hotels Ltd. as of now.

Subscription Details

The details about the Samhi Hotels IPO is as:

  • The issue size of the IPO is 1370.1 Cr.
  • The price band for Samhi Hotels IPO is Rs 119 to Rs 126.
  • The shares of Samhi Hotels IPO will list on 22nd September 2023.
  • The latest tentative GMP of Samhi Hotels IPO is Rs 10.
  • The shares of Samhi Hotels IPO is subscribed 5.57 Times as of 18 September 2023. 

 

Samhi Hotels IPO Valuation

The approx valuation of Samhi Hotels IPO company based on its price band and DRHP (prospectus) is: 

Particulars Value
Upper Price Band Rs 126
Existing Shares (Qty) 12.27 Cr
Fresh Issue 1200 Cr
Market Cap 2746.02 Cr
EPS (FY23) Rs -43.93
Industry PE 61.52x

 

Samhi Hotels IPO Issue Size

Samhi Hotels IPO issue size is 1370.1 Cr. 

Issue Amount
Fresh Issue 1200 Cr
Offer For Sale 170.1s Cr

  

Samhi Hotels IPO Market Lot

An Individual can apply for a minimum 1 lot of 119 shares and a maximum of 13 lots of 1547 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 119 Rs 14,994
 Maximum 13 1547 Rs 1,94,922

 

Samhi Hotels IPO share offer

The shares of Samhi Hotels IPO is subscribed 5.57 Times as of 18  September 2023. The category-wise shares subscribed are as follows:

Category % Offered Subscription
Qualified Institutional Minimum 75% 9.18 Times
Non-Institutional Maximum 15% 1.29 Times
Retail Individual Maximum 10% 1.17 Times
Total   5.57s Times

 

Allotment Details

Find below the dates for Samhi Hotels IPO:

Schedule Date
Basis of Allotment 22 September 2023
Refunds 25 September 2023
Credit to Demat Account 26 September 2023
IPO Listing Date 27 September 2023

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 87.77 76.15 43.99 69.44 102.63
Total Expenditure 55.8 59.07 45.66 62.21 78.21
Operating Profit 31.97 17.08 -1.67 7.23 24.42
Other Income 90.81 62.56 31.03 7.02 43.35
Interest 54.5 69.96 106.27 86.57 121.28
Depreciation 9.94 10.79 10.11 10.12 9.66
Exceptional Items 0 -442.34 0 0 -2.24
Profit Before Tax 58.34 -443.45 -87.03 -82.44 -65.4
Provision for Tax -4.04 -26.33 0 0 0
Net Profit 62.38 -417.42 -87 -82.44 -65.4
Adjusted EPS (Rs.) 0.83 -5.47 -1.14 -1.08 -0.77

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 7.49 7.63 7.63 7.63 8.53
Total Reserves 1232.53 842.97 810.36 704.61 808.22
Borrowings 531.55 471.79 546.48 775.44 514.77
Other N/C liabilities 18.47 4.02 7.07 162.1 8.16
Current liabilities 53.52 185.33 141.9 184.5 474.44
Total Liabilities 1843.55 1511.73 1513.43 1834.27 1814.12
Assets
Net Block 209.81 195.36 188.39 231.63 228.87
Capital WIP 0 0 0 0 0
Intangible WIP 0 0 0 0 0
Investments 1214.9 846.35 957.13 1411.11 1321.27
Loans & Advances 292.65 324.84 281.06 105.49 140.53
Other N/C Assets 8.22 11.02 6.08 10.47 10.46
Current Assets 117.98 134.17 80.78 75.57 113
Total Assets 1843.55 1511.73 1513.43 1834.27 1814.12
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Jun 2023 Sep 2023 Dec 2023
Other Income 3.98 5.6 3.63
Profit Before Tax -48.65 -48.4 -81.19
Tax 0 0 0
Profit After Tax -48.65 -48.4 -81.19
Adjusted EPS (Rs) -5.7 -2.22 -3.72

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations 58.34 -443.45 -87.03 -82.44 -65.4
Adjustment -25.89 444.69 85.61 90.44 91.85
Changes in Assets & Liabilities -5.94 13.68 57.8 5.48 -20.31
Tax Paid -1.6 0.04 6.18 -1.02 2.18
Operating Cash Flow 24.91 14.96 62.57 12.46 8.31
Investing Cash Flow -135.55 -42.3 -12.61 -119.08 -12.81
Financing Cash Flow 99.92 66.73 -30.69 88.9 16.06
Net Cash Flow -10.72 39.38 19.27 -17.73 11.56
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