Samhi Hotels sets price band for Rs 13.70 billion IPO

13 Sep 2023 CW Team

Samhi Hotels has announced a price band of Rs 119-126 per share for its Rs 13.70-billion primary share sale, which is set to open on Thursday. This pricing represents a valuation of 119-126 times the face value. The public issue includes Rs 12 billion in fresh shares and an offer for sale (OFS) of up to Rs 1.70 billion at the upper end of the price range. Samhi Hotels, headquartered in Gurugram, made this announcement in a statement.

In a pre-IPO placement, external investor Blue Chandra sold 10.32 million shares, equivalent to 8.4% of its stake, to prominent investor Madhusudan Kela's wife Madhuri Kela, along with Nuvama Crossover Opportunities Fund and TIMF Holdings, for a total of Rs 1.30 billion.

Samhi Hotels specialises in acquiring and building primary hotels, followed by renovation, rebranding, and re-rating of the properties. In its 13 years of operation, the company added 369 keys in FY23, becoming the third-largest hotel owner by the number of keys. This brings the total number of keys to 4,800 across 31 operating hotels, including the recent acquisition of ACIC last month. The company also has land for constructing a 350-key hotel in MIDC, Navi Mumbai.

With this latest acquisition, Samhi Hotels will gain access to new cities like Jaipur and enhance its inventory and market share in Hyderabad, Pune, Chennai, and Ahmedabad. Additionally, the company plans to add two more hotels and 617 keys in existing cities and two new cities, Kolkata and Navi Mumbai, expanding its presence to 14 key urban centres.

Some notable names in its portfolio include Hyatt Regency Pune, Courtyard by Marriott Bengaluru, Four Points by Sheraton Ahmedabad and Vizag, Fairfield by Marriott in Chennai Sriperembudur, Coimbatore, Goa, Kharadi, Bengaluru, and Holiday Inn Express across Ahmedabad, Bengaluru, Pune, Gurgaon, Hyderabad, Nashik, and Chennai. The company has not disclosed details about shareholders participating in the OFS.

Infrastructure Urban

05 May 2026

Meghalaya And Assam Hold Talks To End Transport Stoppages In Garo Hills

Meghalaya and Assam have opened talks aimed at ending recent stoppages of commodity transport in the Garo Hills, officials said. The deputy chief minister, in charge of home affairs, reported that both state governments are coordinating to resolve disruptions and to restore normal movement of goods. He acknowledged that misunderstandings may have contributed to the incidents and that clarification between administrative units is under way. The discussions are intended to produce practical arrangements that will allow consignments to move without hindrance while respecting local procedures. The..

Kochi Metro Records 1.375 mn Rise In Passengers In FY26

Kochi Metro recorded a marginal rise in ridership in the financial year 2025-26, carrying 1.375 mn more passengers than in the previous year. The service carried 36.8 million (mn) passengers in 2025-26 compared with 35.5 mn in 2024-25, representing a year-on-year increase of 3.9 per cent. The growth was described as distributed rather than concentrated in isolated spikes. A month-wise analysis shows steady gains across quarters. In the first quarter, ridership increased from 8.57 mn to 8.84 mn, while the second quarter rose from 9.13 mn to 9.51 mn. These trends indicated broad-based improvemen..

Ghaziabad Plans 16km Metro Link To Delhi Via Hindon Airport

Ghaziabad authorities are pursuing a 16 km metro link to Delhi that will run via Hindon Airport, and a detailed project report is under way. The plan is intended to improve connectivity between Ghaziabad and the national capital and to provide an interchange with the airport. Officials said the project is being studied to assess alignments, station locations and cost estimates ahead of formal approvals and tendering. The announcement follows the inauguration of the Delhi?Faridabad metro extension, which will offer hassle free travel for around 0.2 mn daily commuters between the national capita..