Samhi Hotels Ltd IPO
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Samhi Hotels Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 1,087.38 L | ₹ 135 L | ₹ 108.74 L | TBA | BSE | ₹ 1370.1 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 14 Sep, 23 | 18 Sep, 23 | 119 | ₹ 14,161 | Book Building | 22 Sep, 23 |
Samhi Hotels Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Hotels |
| Sub Sector | NA |
| Issue Type | Book Building |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 0x | 81553571 | 0 |
| NII | 0x | 16310714 | 0 |
| Retail | 0x | 10873810 | 0 |
| Employee | 0x | 0 | 0 |
| Total | 0x | 108738095 | 0 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Samhi Hotels Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 957.39 | 738.57 | 322.74 |
| EBITDA | -61.64 | -46.08 | -62.20 |
| PAT | -80.10 | -65.40 | -82.44 |
| Total Assets | 234.05 | 113.00 | 75.57 |
| Share Capital | 22.00 | 8.53 | 7.63 |
| Total Borrowings | 353.95 | 331.16 | 496.29 |
| Operating Activities (Net Cash) | -70.87 | -55.74 | -72.32 |
| Investing Activities (Net Cash) | 2,750.62 | 1,321.27 | 1,411.11 |
| Financing Activities (Net Cash) | 353.95 | 331.16 | 496.29 |
| Net Cashflow | 81.35 | 61.43 | 49.01 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Samhi Hotels Ltd
SAMHI Hotels Limited was incorporated as SAMHI Hotels Private Limited on December 28, 2010, as a private limited company under the Companies Act, 1956, at New Delhi, with a certificate of incorporation granted by the Registrar of Companies, National Capital Territory of Delhi and Haryana. On the conversion of the Company to a public limited company pursuant to a resolution passed by its shareholders on August 2, 2019, its name was changed to SAMHI Hotels Limited and a fresh certificate of incorporation was issued by the Registrar of Companies, National Capital Territory of Delhi and Haryana on August 16, 2019.
The Indian travel and tourism industry is expected to demonstrate strong demand growth between 2019 and 2028 with a CAGR of 10.35%. The Indian hospitality industry directly benefits from economic growth in India. Rapid urbanization, expansion of office market, increasing domestic travel, low set-up costs as compared to other developed and developing economies, initiatives from the Government of India and the availability of an established talent pool provide strong demand for the hospitality industry in the foreseeable future. On the back of this surge in domestic consumption and underlying GDP growth, the Indian hospitality industry is seeing strong capacity utilization in recent quarters of the Financial Year 2023.
Samhi Hotels Limited is a prominent 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. Within 12 years of starting its business operations, 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 (Karnataka), Hyderabad (Telangana), National Capital Region, Pune (Maharashtra), Chennai (Tamil Nadu) and Ahmedabad (Gujarat), as of March 31, 2023'. All of its hotels are in the Upper Upscale and Upscale, Upper Mid-scale and Mid-scale hotel segments. Its hotels typically operate under long-term management contracts with established and well recognized global hotel operators such as Marriott, Hyatt and IHG.
Peer Comparison:
- Chalet Hotels Ltd
- Lemon Tree Hotels Ltd
- Indian Hotels Co Ltd
- EIH Ltd
Samhi Hotels Ltd IPO Key Points
Strengths
- The Company's ability to acquire dislocated hotels and demonstrated track record to re-rate hotel performance through renovation and/or rebranding;
- Its portfolio's scale and diversification further enhanced by sector tailwinds;
- Its track record to manage hotels efficiently;
- Its ability to create operating efficiencies and long-term performance using analytics tools;
- Its strong governance and seasoned management team.
Risk
- The company is not in compliance with certain covenants under certain of its financing agreements in the past, and in case of any breach of covenants in the future, such non-compliance, if not waived, could adversely affect its business, results of operations and financial condition.
- The company indebtedness and the conditions and restrictions imposed by its financing arrangements may limit the company ability to grow its business.
- The company has entered into hotel operator services agreements and other related agreements with Marriott, Hyatt and IHG (and their affiliates) to receive operating and marketing services for its hotels. The ACIC SPVs have entered into franchise agreements and brand license agreements with Marriott for the license of Marriott's brand name. If these agreements are terminated or not renewed, its business, results of operations and financial condition may be adversely affected.
Strategy
- Position its Hotels to Benefit from Favorable Demand Trends in the Sector and Enhance Operating Efficiencies.
- Complete Development of Identified Opportunities that are Currently Under Development.
- Integrate ACIC Portfolio to Improve Financial Performance.
- Pursue Growth Opportunities via Programmatic Capital Deployment and Tactical M&A.
- Ensure Disciplined Capital Allocation and Reduction of Debt.
- The Company's ability to acquire dislocated hotels and demonstrated track record to re-rate hotel performance through renovation and/or rebranding;
- Its portfolio's scale and diversification further enhanced by sector tailwinds;
- Its track record to manage hotels efficiently;
- Its ability to create operating efficiencies and long-term performance using analytics tools;
- Its strong governance and seasoned management team.
How To Apply for Samhi Hotels Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.
