SAMHI Hotels IPO day 2; check live subscription details

15 Sep 2023 , 12:55 PM

The initial public offering (IPO) of SAMHI Hotels Limited, valued at Rs 1,370 crore, opened for subscription on September 14 and will remain open for investors to subscribe until September 18. Click here to subscribe IPO.

During the first day of the offering, the subscription rate was only 5%, and by 12:45 PM on the second day, the IPO had reached a 10% subscription rate. Notably, the retail portion of the IPO saw a subscription rate of 47%, while the non-institutional investors’ segment received a 4% subscription rate.

As of March 31, 2023, SAMHI Hotels boasts a portfolio comprising 4,801 keys across 31 operational hotels located in 14 of India’s major urban consumption centers. Additionally, as of February 2023, the company holds the distinction of being the largest owner of Fairfield by Marriott and Holiday Inn Express brands in India. SAMHI Hotels operates under long-term management contracts with renowned global hotel operators such as Marriott, Hyatt, and IHG.