Samhi Hotels Raises Rs 616.54 Crore from Anchor Investors Ahead of IPO Debut

13 Sep 2023 , 09:44 PM

Samhi Hotels, with strong backing from prominent investors like Equity International, ACIC Mauritius, and Goldman Sachs, successfully raised Rs 616.54 crore through its anchor book on September 13, ahead the launch of its public offering.

This significant investment included contributions from global investors such as the Government of Singapore, Monetary Authority of Singapore, CLSA Global Markets, Think India Opportunities Master Fund, HSBC Global, Natixis International Funds, Imco Emerging Markets Public Equity LP, Citigroup Global Markets Mauritius, and Societe Generale.

Additionally, several domestic players, including SBI Mutual Fund, ICICI Prudential, Aditya Birla Sun Life Trustee, Nuvama, Edelweiss, Vikasa India EIF I Fund, and Elara India Opportunities Fund, actively participated in the anchor book, which caters to qualified institutional buyers (QIBs).

In its filing to stock exchanges, privately held Samhi Hotels, in consultation with merchant bankers, confirmed the allocation of 4,89,32,143 equity shares to 35 anchor investors, priced at Rs 126 per equity share. Notably, out of this allocation, 1,81,38,394 equity shares found their way to five domestic mutual funds through a total of 10 schemes.

Having established an impressive portfolio of 3,839 keys spread across 25 operational hotels in 12 of India’s prominent urban consumption centers within just 12 years of commencing operations, Samhi Hotels is poised to launch its initial public offering on September 14, with the aim of raising Rs 1,370.1 crore.