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Date of SAMHI Hotels IPO Opening: The SAMHI Hotels IPO will commence on 14th September 2023, which falls on Thursday, and it will conclude on 18th September 2023, which is a Monday. On these dates, you can purchase the SAMHI Hotels IPO. If you are curious about the IPO price and Grey Market Premium (GMP) today for SAMHI Hotels IPO, fret not! We have provided comprehensive information on the SAMHI Hotels IPO, including the price band and financial statistics. You can find all the details below.
SAMHI Hotels IPO Date Overview
The IPO will be open from 14th to 18th September 2023, with an expected IPO size of INR 1200 Crores and a face value of INR 1 per share. The allotment of shares will commence on 22nd September 2023, which falls on Friday.
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Usually, Demat account investors receive their SAMHI Hotels shares by 26th September 2023. Investors who were unable to obtain the IPO will receive refunds by 25th September 2023. Finally, the IPO will be listed on Indian Stock platforms on 27th September 2023. For more details about the SAMHI Hotels IPO, including GMP and price band, refer to the information below.
SAMHI Hotels IPO Price
The IPO will open on 14th September 2023 and close on 18th September 2023. Each share will have a face value of INR 1. The IPO is expected to have a fresh issue size of INR 1200 Crores and an Offer For Sale (OFS) of 1.35 Crores shares. However, the price band for the IPO has not been announced yet; it is expected to be announced soon.
However, we have information about the IPO’s allocation of shares to each type of investor. The total IPO issue of SAMHI Hotels will be distributed to three types of investors: Qualified Institutional Buyers (QIB) will receive 75% of the total allocated shares, Retail investors will receive 10%, and Non-Institutional Investors (NII) will receive 15% of the total issue of SAMHI Hotels IPO.
SAMHI Hotels IPO Grey Market Premium (GMP)
The Grey Market Premium (GMP) is the estimated price at which shares of a public company’s IPO trade in the market. The grey market is an unofficial market where investors can buy and sell shares on the NSE and BSE stock exchanges. The GMP determines the IPO pricing on the listing date, mostly based on the demand for the company’s shares in the market.
In simple terms, if the grey market price of a company’s IPO is high, the IPO price increases, and if it is low, the IPO price will be lower. However, the grey market price is not an official measure to decide whether to buy an IPO; it is an unofficial indicator.
The GMP for SAMHI Hotels IPO has not yet been determined, so we do not have a GMP value at the moment. Once the GMP value is available, it will be added here and updated daily.
SAMHI Hotels IPO Review
SAMHI Hotels is a prominent hotel ownership and asset management platform in India. They acquire and develop major hotels in cities or renovate existing hotels, giving them new names and bringing them under their management. Most of the SAMHI Hotels are upscale and midscale hotels. SAMHI Hotels offers long-term management contracts with global hotel operators and extends its management services globally.
Some of the major hotels under their management include Hyatt Regency, Courtyard by Marriott, and more. In terms of financial statistics, SAMHI Hotels reported a revenue of INR 738 Crores and a loss of INR 338 Crores for the financial year 2022-2023.
SAMHI Hotels IPO Details
The SAMHI Hotel is expected to have a total issue size of INR 1200 Crores, with INR 1200 Crores in fresh issue shares and 1.35 Crores shares in Offer For Sale (OFS). Under the OFS shares, Blue Chandra Pte will release 84.2 Lakh shares.
Goldman Sachs will sell a total of 49.31 lakh equity shares in the IPO, and GTI Capital Alpha will release 1.4 lakh shares in the upcoming SAMHI Hotels IPO.
Regarding the allotment of shares, the allotment process will commence from 22nd September 2023. Refunds for investors who were unable to obtain the IPO will be issued on 25th September 2023. Demat account investors will receive their shares by 26th September 2023.
FAQs
When Will SAMHI Hotels IPO Open?
The SAMHI Hotels IPO will open on 14th September 2023, which falls on Thursday.
What Is The Face Value Of Each Share Of SAMHI Hotels IPO?
The face value of each share of SAMHI Hotels IPO is INR 1.
When Will The SAMHI Hotels IPO Share Allotment Start?
The share allotment for the SAMHI Hotels IPO will start on 22nd September 2023.
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