SAMHI Hotels has filed draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO). The IPO comprises a fresh issue of Rs 1,100 crore and an offer for sale (OFS) of 1,91,45,624 equity shares.
The funds will be utilized towards repayment /prepayment of certain indebtedness by the company and its subsidiaries besides for general corporate purposes. The book running lead managers to the issue are Kotak Mahindra Capital Company, CLSA India, DSP Merrill Lynch and Goldman Sachs.
SAMHI is one of India’s leading and fastest growing hotel owner and asset manager with a portfolio of 27 operating hotels comprising 4,048 keys across India. The firm’s assets have a diverse geographical presence spanning 12 of India’s key urban consumption centers, including Delhi, Bengaluru, Hyderabad, Chennai and Pune.
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