SAMHI Hotels IPO
SAMHI Hotels Limited (SAMHI) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 22 September 2023.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain -1.2% (likely range -9% to +2%), day's high +8.4%, chance of a gain 49%. Actual: +6.8% at the open, +16.4% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 3,39,44,748 | 29,93,38,669 | 8.82x | |
| NII (HNI) total | 1,71,51,050 | 2,09,93,504 | 1.22x | |
| Big NII (above ₹10 lakh) | 1,14,34,033 | 1,54,72,142 | 1.35x | |
| Small NII (₹2-10 lakh) | 57,17,017 | 55,21,362 | 0.97x | |
| Retail | 1,14,34,033 | 1,26,73,738 | 1.11x | |
| Total | 6,25,29,831 | 33,30,05,911 | 5.33x |
Bids on NSE and BSE together, as published by NSE, as of 18 Sep 2023, 07:00 PM. Shares offered exclude the anchor portion. 3% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to SAMHI Hotels's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Vijaya Diagnostic CentreSep 2021 | 13.1x | 1.32x | 1.09x | 4.54x | ₹1,895 Cr | +1.7% | +22.0% |
| Varroc EngineeringJun 2018 | 9.16x | 2.45x | 0.95x | 3.59x | ₹1,955 Cr | +5.0% | +9.8% |
| Fusion Micro FinanceNov 2022 | 8.59x | 1.38x | 0.51x | 2.95x | ₹1,115 Cr | -2.3% | -0.9% |
| Metro BrandsDec 2021 | 8.49x | 3.02x | 1.13x | 3.64x | ₹1,368 Cr | -12.6% | +1.6% |
| Landmark CarsDec 2022 | 8.71x | 1.32x | 0.59x | 3.06x | ₹581 Cr | -6.9% | -4.9% |
| Laurus LabsDec 2016 | 10.5x | 3.58x | 1.67x | 4.57x | ₹1,334 Cr | +14.5% | +16.4% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| JM Financial | 109 | +22.8% | 75% |
| Kotak Mahindra Capital Company | 83 | +20.8% | 76% |
Offer documents (NSE)
Frequently asked
What is the SAMHI Hotels IPO price band and lot size? ₹119–126 per share, with a lot of 119 shares, so the smallest retail bid is ₹14,994.
How many times has it been subscribed? 5.33x overall: QIB 8.82x, NII 1.22x, retail 1.11x.
How did it list? It opened at ₹134, +6.8% against the issue price of ₹126, and closed its first day +13.8%.
