Tag: SAMHI Hotels

  • 22 Sep

    Samhi Hotels Stock Lists with 6.75% Premium, Analysts Recommend Booking Profits

    Samhi Hotels stock made a weak debut on the stock exchanges, listing at a premium of just 6.75% over the IPO price. Several analysts have recommended booking profits in the stock, citing its loss-making status and negative net worth.

  • 21 Sep

    Zaggle Prepaid Ocean Services and Samhi Hotels to list on bourses in T+3 timeline on September 22

    Zaggle Prepaid Ocean Services and Samhi Hotels will list their shares on bourses in T+3 timeline on September 22, 2023. This shows that companies are gradually moving into the new IPO listing timeline announced by Sebi. The listing of Zaggle and Samhi Hotels in the T+3 timeline is a positive development for the Indian IPO market, as it shows that companies are willing to adopt the new timeline and is a sign of increasing efficiency in the IPO process.

  • 14 Sep

    Samhi Hotels IPO Sees Muted Response on Day 1

    The offer has received bids for 26.73 lakh shares against the issue size of 6.25 crore shares, resulting in a subscription of 4%. The tepid response is likely due to the high debt levels of the company and its losses in the past few years. The company is planning to raise Rs 1,370.1 crore via the public issue at the upper price band. The success of the IPO will depend on a number of factors, including the overall market sentiment and the appetite for hotel stocks.

  • 10 Sep

    Blue Chandra Sells Stake in Samhi Hotels Ahead of IPO, Priced at Rs 126 per Share

    Blue Chandra, the largest shareholder in Samhi Hotels, has reduced its stake in the company ahead of its IPO. The stake reduction was part of a private placement of 1,03,17,460 equity shares in Samhi Hotels for Rs 130 crore. The shares were sold at a price of Rs 126 per share. The IPO of Samhi Hotels is scheduled to open for subscription from September 14-18. The company is looking to raise Rs 1,370.1 crore through the IPO.