Samhi Hotels IPO Update:
Samhi Hotels Limited IPO: Gurugram based Samhi Hotels Limited established in the year 2010 and is into Consumer Hospitality - Hotels sector.
Company is promoted by Company is a professionally managed company and does not have an identifiable promoter.. Pre-Offer Promoter and Promoter group stake in the company is .%.
Samhi Hotels Limited has filed Red Herring Prospectus (RHP) for proposed initial public offer (IPO). Total issue size is INR 1,370 Crores calculated on upper price band (face value of INR 1 per share) via initial public offering.
Initial Public Offer comprising of a Fresh Issue aggregating up to Rs. 1000 crores and an Offer for Sale up to 9,000,000 Equity Shares. JM Financial, Kotak Mahindra Capital have been appointed as lead merchant bankers for the proposed IPO. It has appointed KFin Technologies Ltd. as Registrar and Share transfer Agent.
Details about upcoming IPO:
As per the details available in RHP, Price band is Rs 119 to Rs 126 with lot size of 119 shares and in multiples thereof. Objects of the issue is 1) Repayment/ prepayment/ redemption, in full or in part, of certain borrowings availed of by the Company and its Subsidiaries including payment of the interest accrued thereon, and General corporate purposes.
IPO Dates:
IPO will open on September 14, 2023 and close on September 14, 2023. Tentative date of listing on stock exchanges is September 27, 2023
About Industry:
The Indian travel and tourism industry is expected to demonstrate strongdemand 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 quartersof the Financial Year 2023. (Source: JLL Report)
Want to know more details about the IPO, please visit here Samhi Hotels Limited
Source: SEBI, BSE, NSE, DRHP, Samhi Hotels, Industry Data
Disclaimer: Above article only publishes details about the IPO and for educational purpose only. It doesn't solicit or invite any interest to invest in any kind of securities. Please visit respective sources to verify and know more details about the IPO. We advise investors to take opinion from certified/SEBI registered experts before taking any investment decisions.
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