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

11 May 2026

Shivraj Chouhan Launches PMGSY IV and Announces Package for Madhya Pradesh

Union Minister Shivraj Singh Chouhan launched the Pradhan Mantri Gram Sadak Yojana (PMGSY) IV at Bhairunda in Sehore district during the 25 year celebrations and announced a development package for Madhya Pradesh. The programme was organised by the Union Ministry of Rural Development and attended by Chief Minister Dr Mohan Yadav, ministers of state, state ministers, legislators and senior officials from the centre and the state. The minister said the central government under the Prime Minister is committed to strengthening rural livelihoods through improved connectivity, housing and women's in..

DMR Engineering Reports FY 25-26 Financial Results

DMR Engineering reported its half year results for the financial year ended 31 March 2026 and published full year figures on a standalone basis. Standalone revenue from operations decreased by 2.01 per cent year-over-year to Rs 102.58 million (mn), while profit after tax declined by 43.94 per cent to nine point five six mn, leaving a profit after tax margin of nine point zero five per cent. Earnings per share stood at Rs zero point nine two, a fall of 44.71 per cent year-over-year. The company attributed part of the decline to one-off provisioning for bad debts and additional financing charges..

Atlanta Electricals Posts Strong FY26 Growth And Debt Free Finish

Atlanta Electricals reported audited consolidated results for the quarter and year ended 31 March 2026. The company recorded significant year-on-year revenue growth driven by capacity ramp-up at new facilities and higher utilisation at legacy plants. The announcement summarised operating improvements and strategic milestones achieved during the year. For Q4 the company reported revenue of Rs 7.48 bn and for FY26 revenue of Rs 18.52 bn, representing robust growth versus the prior year. EBITDA in Q4 was Rs. 1.49 bn and Rs. 3.44 bn for the full year, with margins expanding to 20 per cent in the q..