The scrip was listed at Rs 130.55, exhibiting a premium of 3.61% to the issue price.
So far, the stock has hit a high of 133 and a low of 127.45. On the BSE, over 7.75 lakh shares of the company were traded in the counter so far.
The initial public offer (IPO) of Samhi Hotels was subscribed 5.33 times. The issue opened for bidding on 14 September 2023 and it closed on 18 September 2023. The price band of the IPO was fixed at Rs 119-126 per share.
The IPO consisted of a fresh issue of Rs 1,200 crore and an offer-for-sale of up to 1,35,00,000 shares by its existing shareholders.
Out of the proceeds from the fresh issue, Rs 900 crore will be used for repayment, prepayment and redemption, in full or in part, of certain borrowings availed of by the company and its subsidiaries and the balance for general corporate purposes.
Samhi Hotels is a prominent branded hotel ownership and asset management platform in India with an institutional ownership model, experienced leadership and professional management team. Samhi has a portfolio of 31 operating hotels comprising 4,801 keys and has a diverse geographic presence in 14 cities across India, including National Capital Region (NCR), Bengaluru, Hyderabad, Chennai and Pune.
The company reported a net loss of Rs 338.59 crore and net sales of Rs 738.57 crore for the twelve months ended on 31 March 2023.
Powered by Capital Market - Live News