SAMHI Hotels

About the company

## **About SAMHI Hotels IPO** Incorporated in 2010, SAMHI Hotels is a branded hotel ownership and asset management platform. As of 31 March 2023, it has the third largest inventory of operational keys/rooms, owned and leased, in India. The company operates 31 hotels in 12 key urban consumption centers like Bangalore, Hyderabad, National Capital Region (NCR), Pune, Chennai, and Ahmedabad. Including the acquisition of ACIC on 10 August 2023, it now has a portfolio of 4,801 keys. The company uses an acquisition-led strategy, has diversified its portfolio across different price points and undertakes established brands such as Fairfield by Marriott and Holiday Inn Express in the upper mid-scale and mid-scale category. In FY23, the upper mid-scale and mid-scale hotels contributed 51% to the total income, whereas upper upscale and upscale hotels contributed 47%. Between FY21 and FY23, the hotels’ average occupancy rate has increased from 27% to 71%. Meanwhile, its revenue from operations grew at a CAGR of 63%. The company has narrowed its losses to 338 crore in FY23. Moreover, travel and tourism are the third largest foreign exchange earners for India, and the Indian tourism industry could grow at an annual rate of 10.35% between 2019 and 2028, reaching a total value of $512 billion by 2028. This robust industry growth could be beneficial for the company. And now, SAMHI Hotels Limited is coming out with its initial public offer (IPO). The IPO will be an offer for sale as well as a fresh issue. The money raised through the fresh issue will be used to repay borrowings and for general corporate purposes. Its shares will be listed on the NSE and the BSE. Here are key details about the SAMHI Hotels IPO: Company Name| **SAMHI Hotels Limited**|  | Company Type| **Private** ---|---|---|---|--- Company Established On|**2010**| ### **Financial snapshot** Particulars| FY 21| FY 22| FY 23 ---|---|---|--- Revenue|₹ 169 crore|₹ 322  crore|₹ 738 crore Net Profit/Loss|₹ -477 crore|₹ -443 crore|₹ -338  crore ---| ## **A quick look at SAMHI Hotels Limited** **** **IPO’s strengths, risks and threats** ### **Strengths** **** 1. As per reports, SAMHI Hotels is one of the fastest growing hotel owners in India in terms of number of keys added per year in the last decade. 1. Diversification across cities, price-points and hotel operators. In FY23, 60% of the revenue came from Marriott, 18% from Hyatt and 18% from IHG.  1. Similarly, 47% of total income came from the upper upscale segment, 32% and 18% from upper mid-scale and midscale segments in FY23.  1. Lowest staffing ratios amongst peers due to efficient use of technology to manage hotels.  1. Has developed and implemented an active analytics system, SAMHIIntel, to manage, analyze and use operating data received from its hotels. 1. Company achieved an adjusted EBITDA margin of 37% in FY23. ### **Risks and threats** 1. Experienced restated losses and negative net worth for the last three Financial Years. Its networth stood at -₹259 crore, -₹702 crore and -₹871 crore in FY21, FY22 and FY23 respectively. 1. Operates in a capital-intensive industry and had outstanding borrowings of ₹2,812 crore as of 30 June 2023.  1. Business is subject to seasonal and cyclical variations. Moreover, operates in an intensely competitive hospitality industry.  1. As of 31 March 2023, 10 of its 25 operating hotels are in leased buildings,  accounting for ₹11 crore rent or 1.49% of its total income in FY23. ## **SAMHI Hotels Limited** **IPO details** ### **** **SAMHI Hotels Limited** **IPO date** According to the offer document filed by the company with the SEBI, the SAMHI Hotels IPO’s opening date – in other words, the SAMHI Hotels IPO launch date – will be 14th September 2023. The SAMHI Hotels IPO closing date is 18th September 2023. After this, investors will be updated about the allotment status on 22nd September 2023. Investors, who have been allotted shares, can expect them to be credited to their demat account on 26th September 2023. The SAMHI Hotels IPO listing date is 27th September 2023. The listing date is the date on which the shares of a company get listed on the bourses – NSE and BSE. ### **** **SAMHI Hotels Limited IPO price band** The IPO is an offer for sale as well as a fresh issue. The SAMHI Hotels IPO price band has been set between ₹119 and ₹126 per share. Interested investors can choose a price within this band to apply for the IPO. The SAMHI Hotels IPO listing price will be determined on 27th September 2023. The listing price is the price at which a company’s shares debut on the stock exchanges. ### **** **SAMHI Hotels Limited IPO lot size** The SAMHI Hotels IPO details have been declared. The SAMHI Hotels IPO lot size is set at 119 shares and an investor can apply for a minimum of 1 lot. Meanwhile, the SAMHI Hotels IPO issue size is approx ₹1370 crore. ## **How to pre** **-apply for the SAMHI Hotels** **IPO?** You can pre-apply for the SAMHI Hotels IPO on Upstox. The pre-application for this IPO, which means pre-apply open date, usually begins a day before the IPO opens for subscription. Follow these steps to pre-apply for the IPO: 1. Login to your Upstox account, using your six-digit PIN 1. After successfully logging in, click on ‘Discover’ 1. On the Discover tab, you will find the ‘Invest in IPO’ section 1. Under the Invest in IPO section, look for the ‘ SAMHI Hotels IPO’ tab and click on it 1. Now fill in all the required information, like ‘bid price’ and ‘lot size’ 1. Confirm and click on ‘Pre-Apply’ 1. Accept the mandate on your UPI app ## **How to apply for the SAMHI Hotels** **IPO?** If you are interested in this investment opportunity but unsure how to apply for the SAMHI Hotels IPO, here we are listing out the steps for you. When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for the SAMHI Hotels IPO on Upstox: 1. Login to your Upstox account, using your six-digit PIN 1. After successfully logging in, click on ‘Discover’ 1. On the Discover tab, you will find the ‘Invest in IPO’ section 1. Under the Invest in IPO section, look for the ‘ SAMHI Hotels IPO’ tab and click on it 1. Now fill in all the required information, like ‘bid price’ and ‘lot size’ 1. Confirm and click on ‘Apply’ 1. Accept the mandate on your UPI app ## **How to check the SAMHI Hotels** **IPO** **allotment status?** When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally done around five to six days after an IPO closes. Here’s a step-by-step guide on how to check the SAMHI Hotels IPO allotment status: 1. Login to your Upstox account, using your six-digit PIN 1. After successfully logging in, click on ‘Discover’ 1. On the Discover page, you will find the ‘Invest in IPO’ section 1. Under the Invest in IPO section, you will find the ‘View all’ option 1. Once you click on ‘View all’, you will be directed to the ‘IPO’ tab 1. In the ‘IPO’ tab, click on ‘My applications’  1. In ‘My applications’, under the History section, your SAMHI Hotels IPO allotment status will be mentioned ## **Open a demat account with Upstox to apply for the SAMHI Hotels** **IPO** To apply for the SAMHI Hotels IPO, you need to mandatorily have a demat account. A demat account helps you hold the shares you buy in a dematerialised format. If you don’t have a demat account yet, you can open one with Upstox by visiting our website or by downloading the app. Here is a step-by-step guide on how to open a demat account with Upstox: 1. Click [ **here**](https://upstox.com/open-demat-account/\OpenOpen?landing_page=learning-center/demat-account/demat-account-opening-procedure) to visit the demat account opening page on the Upstox website.  1. Enter your phone number and other essential details to begin opening a demat account. 1. Upload the scanned copies of your PAN, Aadhaar card, a cancelled cheque, and your bank statement as needed.  1. Complete the e-verification using the OTP sent to your registered mobile number. This is all it takes to open a demat account with Upstox. Easy and quick, right? [ ](https://upstox.com/open-demat-account/\Open\Open) ## **Upstox – trading app to apply for the SAMHI Hotels IPO** Applying for IPOs with Upstox is extremely easy. The user-friendly interface and top-notch security make Upstox one of the leading trading apps in India. You can apply for the SAMHI Hotels IPO on Upstox, provided you have a demat account. As mentioned in the previous section, you can simply follow the steps to open a demat account with Upstox. The biggest advantage is that when you apply for an IPO using your Upstox account, the brokerage charges are zero. In fact, courtesy of its robust features and minimal charges, Upstox is among the most preferred trading apps. Lakhs of Indians trust Upstox as it is a reliable trading platform that makes IPO applications easy.

Financial performance (₹ Cr)

IPO Roadmap / Timeline

1. IPO Opens

   Completed
   14 Sept 2023

   Bidding starts for all investor categories

2. IPO Closes

   Completed
   18 Sept 2023

   Last day to place your bid

3. Basis of Allotment

   Completed
   16 Sept 2023

   Share allotment finalised

4. Refund Initiation

   Completed
   21 Sept 2023

   Refunds credited for non-allottees

5. Credit to Demat

   Completed
   21 Sept 2023

   Allotted shares credited to demat account

6. Listing on Exchange

   Completed
   22 Sept 2023

   Shares list on NSE / BSE

Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.