Samhi Hotels Raises Rs 616.5 Crore From Anchor Investors Ahead Of IPO
The Government of Singapore secured 19.84% of the allocation, while the Monetary Authority of Singapore got 1.97%.
Samhi Hotels Ltd. has raised Rs 616.5 crore from anchor investors ahead of its initial public offering on Sept. 14.
The hotelier and asset management platform allotted nearly 4.89 crore shares at Rs 126 apiece to 35 anchor investors.
The investors included the Government of Singapore, SBI Mutual Fund, Aditya Birla Sun Life Insurance, ICICI Prudential, Tata Mutual Fund, Edelweiss MF, Societe Generale, Think India Opportunities Master Fund, Citigroup Global Markets Mauritius, and HSBC Global Investments Fund, among others.
The Government of Singapore secured 19.84% of the allocation, while the Monetary Authority of Singapore got 1.97%.
Five domestic mutual funds have applied through a total of 10 schemes, the company said in an exchange filing. They have collectively netted 37.07% of the anchor portion.
SBI Mutual Fund, through four of its schemes, has secured an allocation of 21.64%.
About Samhi Hotels IPO
Samhi Hotels is looking to raise a total of Rs 1,370 crore, which comprises a fresh issue of equity shares up to Rs 1,200 crore and an offer for sale of up to 1,35,00,000 equity shares worth Rs 170.1 crore. The issue will close on Sept. 18.
The price band is fixed in the range of Rs 119–126 per share.
Headquartered in Delhi, Samhi Hotels has the third-largest inventory of operational keys, comprising both owned and leased properties in India. Their portfolio of hotels comprises 4,801 keys across 31 operating hotels, which are based in key urban consumption centres like Bengaluru, Hyderabad, the National Capital Region, Pune, and Chennai.
