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 Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..