Samhi Hotels Ltd. has announced public offering of 108738096 shares at a price of Rs 1.00 each for Cash at a Premium of Rs 125.00 per share. The gross proceeds of the issue are expected to be Rs 1,37,010.00 lakhs.

The company's initial public offer (IPO) will open on 14 September 2023 and is expected to close on 18 September 2023, subject to customary closing conditions. The price band of the issue has been fixed at Rs 119.00-126.00 per share.

The IPO includes a fresh Issue of 108738096 Equity Shares of the Company at an price of Rs 126.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 119 shares with bids in multiples of 119.

Samhi Hotels Ltd. anticipates using the proceeds of the issue for .

JM Financial Ltd.,Kotak Mahindra Capital Company Limited as lead manager(s) & KFin Technologies Ltd. is the registrar, to the issue.