Samhi IPO IPO Will Open On 14 September Know Details Of Price Band Ipo Size

Samhi Hotels IPO: The month of September is very good for those who invest in IPO. In the last few days, IPOs of many big companies have come. Now the name of Samhi Hotels is also going to be included in this list. The IPO of the Goldman Sachs-invested company may open for investment on September 14, 2023.

According to the report published in the English portal Live Mint, you can invest in this issue from 14 to 18 September 2023. At the same time, this IPO will open for anchor investors on September 13, 2023.

How big will be the size of the IPO?

Gurugram-based company Samhi Hotels IPO has not yet announced the price band of its IPO, but the company has told that it is going to issue fresh shares worth Rs 1200 crore. Earlier, the company had set a target of issuing fresh shares worth Rs 1000 crore, which was later increased to Rs 1200 crore. Apart from this, through this IPO, the promoters of the company will sell 1.35 crore equity shares through Offer for Sale. Retail investors will be able to invest in this between 14 September and 18 September. On the other hand, anchor investors will get an investment opportunity from September 13 itself.

Know about other details of IPO-

Samhi Hotels has reserved 15% stake in this IPO for high net worth individuals. At the same time, 75 percent has been reserved for qualified institutional buyers and 10 percent for retail investors. According to the report published in Moneycontrol, the allotment of shares of this IPO will happen on September 22, 2023. On the other hand, those who will get the subscription will be transferred shares to their demat account on 26 September. On the other hand, those investors who have not received the subscription will get a refund on 25 September. According to media reports, the listing of the company’s shares will be on BSE and NSE on September 27, 2023.

What will the company do with the money raised through the issue?

The company will use the amount collected through fresh shares to repay the loan. Out of this, Rs 900 crore will be used to repay the loan. And the remaining funds will be used to meet general corporate needs. As of June 2023, the company had a total debt of Rs 2,812.5 crore.