Samhi Hotels, backed by marquee investors Equity International, ACIC Mauritius and Goldman Sachs, has mobilised Rs 616.54 crore via anchor book on September 13, a day before the issue opening.
Global investors including the Government of Singapore, Monetary Authority of Singapore, CLSA Global Markets, Think India Opportunities Master Fund, HSBC Global, Natixis International Funds, Imco Emerging Markets Public Equity LP, Citigroup Global Markets Mauritius and Societe Generale invested in the company via anchor book.
Among others, SBI Mutual Fund, ICICI Prudential, Aditya Birla Sun Life Trustee, Nuvama, Edelweiss, Vikasa India EIF I Fund, and Elara India Opportunities Fund also participated in the anchor book, a part of qualified institutional buyers (QIB).
Privately held Samhi Hotels in its filing to exchanges said, in consultation with merchant bankers, it has finalised the allocation of 4,89,32,143 equity shares to 35 anchor investors, at a price of Rs 126 per equity share.
Also read: Signature Global to float its IPO on Sept 20 to mop up Rs 730 crore
"Of the total allocation of shares to anchor investors, 1,81,38,394 equity shares were allocated to five domestic mutual funds through a total of 10 schemes," the company said.
The company that built a portfolio of 3,839 keys across 25 operating hotels in 12 of India’s key urban consumption centres within 12 years from the starting of business operations will be opening an initial public offering on September 14, to raise Rs 1,370.1 crore.
Also read: Blue Chandra sells Rs 130 cr shares in Samhi Hotels ahead of IPO for Rs 126 per share
The offer comprises a fresh issuance of shares worth Rs 1,200 crore and an offer-for-sale (OFS) of 1.35 crore equity shares by three shareholders.
Singapore-based Blue Chandra Pte Ltd (owned by Equity International Fund V), Goldman Sachs Investments Holdings (Asia), and GTI Capital Alpha are the selling shareholders in the OFS.
Samhi Hotels will make use of net fresh issue proceeds mainly for repaying debts amounting to Rs 900 crore, and the remaining for general corporate purposes.
The price band for the offer, which closes on September 18, has been fixed at Rs 119-126 per share.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
