Liquidity Events
Samhi Hotels' Rs.1,370-Cr IPO gets 5.3x bids
The INR 1,370 crore IPO of Samhi Hotels was subscribed 5.3 times, receiving bids of 33.30 crore shares against the offered 6.25 crore shares. The qualified institutional buyers' portion was subscribed 8.82 times, while the non-institutional investors portion was subscribed 1.22 times. The retail portion was subscribed 1.11 times. The issue was sold in a price band of INR 119-126. The IPO comprises a fresh issue of INR 1,200 crore and an offer for sale of up to 13.50 million equity shares. Of the total offer size, INR 616.54 crore has been raised from anchor investors, including Monetary Authority of Singapore, Government of Singapore, HSBC Global, CLSA, Citigroup, Societe Generale, SBI Mutual Fund, ICICI Prudential, and Elara India Opportunities Fund. The IPO of Samhi Hotels, a Delhi-based branded hotel ownership and asset management platform, comprises a fresh issue of shares worth INR 1,200 crore, and an offer-for-sale (OFS) of 1.35 crore shares worth INR 170.1 crore by three selling shareholders. Singapore-based Blue Chandra, owned by Equity International Fund V, Goldman Sachs Investments Holdings (Asia) and GTI Capital Alpha, are the selling shareholders in the OFS.
From the Venture Intelligence PE-VC Deal Database: Between Apr-2011 and Jan-2016, Samhi Hotels had raised over USD 220 M from Goldman Sachs, GTI Group, Equity International, Others (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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