How to check the allotment status of SAMHI Hotels IPO

Highlights of the SAMHI Hotels Ltd IPO

The ₹1,370.10 crore IPO of SAMHI Hotels Ltd, consists of a fresh issue of ₹1,200 crore and an offer for sale ₹170.10 crore by the existing shareholders, which includes the promoters and the early investors in the company. Out of the 135 lakh shares sold through the OFS route, the predominant sellers were Blue Chandra Pte Ltd and Goldman Sachs Investment Holdings Asia. GTI Capital Alpha was also a seller in the OFS to a smaller extent. The IPO just closed on Monday, 18th September 2023 and at the close of the third day, the issue was subscribed 5.33 times overall. The basis of allotment will be finalized on 22nd September 2023 while the refunds to non-allottees will be initiated on the 25th September 2023. The company expects to complete the demat credits to the allottees as of 26th September 2023, while the company plans to list its IPO on the BSE and the NSE on 27th September 2023.

Allotment status online is an internet facility that is provided by the BSE (formerly Bombay Stock Exchange) and by the registrars on their website. Many of the brokers also provide direct connectivity to the database. However, in the absence of any connectivity, one option you always have to use one of these options. That means; you can either check your allotment status on the BSE website or the IPO registrar, KFIN Technologies Limited (formerly Karvy Computershare). Here are the steps.

Checking the allotment status of SAMHI Hotels Ltd on BSE website

This is a facility available to all mainboard IPOs, irrespective of who the registrar to the issue is. You can still access the allotment status on the website of BSE India as under. Visit the BSE link for the IPO allotment by clicking on the link below.

https://www.bseindia.com/investors/appli_check.aspx

Once you reach the page, here are the steps to follow.

• • Under Issue Type – Select Equity Option
• • Under Issue Name – Select SAMHI Hotels Ltd from the drop down box
• • Enter the Application Number exactly as in the acknowledge slip
• • Enter the PAN (10-digit alphanumeric) number
• • Once this is done, you need to click on the Captcha to verify that you are not a robot
• • Finally click on the Search Button

In the past, while checking the allotment status on the BSE website, it was necessary to input the PAN number and the application Number. However, now BSE has modified the requirements and it is sufficient if you enter any one of these parameters. There is one more point to note. Even if the company appears in the dropdown, the allotment status will only be available for you to check after the basis of allotment is finalized.

To complete your checking process, once you click on the SUBMIT button, the allotment status will be displayed on the screen in front of you informing about the number of shares of SAMHI Hotels Ltd allotted into your demat account. You can save a screenshot for future reference and for reconciling with the demat credit on 26th September 2023

Checking the allotment status of SAMHI Hotels Ltd on KFIN Technologies Ltd (Registrar to IPO)

Visit the website of KFIN Technologies Ltd, which has been appointed as the registrar for the issue. You can access their website for IPO status by clicking on the link below:

https://ris.kfintech.com/ipostatus/

Here you are given the choice to select 5 servers viz. Link 1, Link 2, Link 3, Link 4, and Link 5. There is nothing to be confused, as these are just server backups in case one of the servers is experiencing too much traffic. You can select any of these 5 servers and in case you are finding problems accessing one of the servers, then try the other one. There is no difference, which server you select, the output will still be the same.

A small thing to remember here. Unlike on the BSE website, where the names of all IPOs are there on the drop-down menu, the registrar will only provide list of the IPOs managed by them and where the allotment status is already finalized. Also, for simplicity, you can either choose to see all IPOs or just recent IPOs. Choose the latter, as that reduces the length of the list of IPOs you need to search through. Once you click on Recent IPOs, the dropdown will only show the recent active IPOs, so once the allotment status is finalized, you can select SAMHI Hotels Ltd from the drop-down box.

• There are 3 options. You can either query the allotment status based on PAN, Application Number or Demat Account (DPID-Client ID combination).
   
• To Query by PAN, check the appropriate box and follow these steps.
  • Enter the 10-digit PAN number
  • Enter the 6-digit Captcha Code
  • Click on Submit button
  • Allotment status gets displayed on screen
     
• To Query by Application Number, check the appropriate box and follow these steps.
  • Enter the Application Number as it is
  • Enter the 6-digit Captcha Code
  • Click on Submit button
  • Allotment Status gets displayed on screen

In the past, the first step was to select Application Type (ASBA or Non-ASBA) before inputting your application number. Now, that step has been done away with.
 

• To Query by Demat Account, check the appropriate box and follow these steps.
  • Select the depository (NSDL / CDSL)
  • Enter the DP-ID (Alphanumeric for NSDL and Numeric for CDSL)
  • Enter the Client-ID
  • In the case of NSDL, the Demat account is 2 strings
  • In the case of CDSL, the Demat account is just 1 string
  • Enter the 6-digit Captcha Code
  • Click on Submit button
  • Allotment Status gets displayed on screen

It is always advisable to retain a saved screenshot of the allotment status output for future reference. The same can be tallied with the demat account credit subsequently.

What determines the chances of allotment in the IPO?

Broadly, there are 2 factors that determine the chances of an investor in getting an IPO. The first is the number of shares available under each of the categories, depending on which category you choose to invest in. The table below captures the quota for each of the categories as decided by the company in consultation with the BRLMs.

In the above table, the anchor portion allotment is already completed a day ahead of the IPO. The subscription for each category is only for the residual amount. We now move to the second item that influences allotment and that is the subscription ratio. Here is what the percentage subscription for each category looks like.

Data Source: BSE

As can be seen, greater the oversubscription, lower the chances of allotment. However, one thing to note is that SEBI rules for retail allocation are designed in such a way that maximum investors get at least the minimum 1 lot allotment. So, applying in the names of all your family members can improve your chances of allotment. With the retail portion just about being subscribed, the chances of getting allotment are very high.

Brief on the business model of SAMHI Hotels Ltd

SAMHI Hotels Ltd, is a branded hotel ownership and hotel property management platform operating out of India. It has a total portfolio comprising of over 4,801 keys across a total of 31 operating properties. Most of them are located in the key urban consumption centres of India. Its hotels are spread across Bengaluru, Hyderabad, Delhi-NCR, Pune, Chennai, and Ahmedabad. It is also currently developing 2 hotels with a combined capacity of 461 keys in Navi Mumbai and in Kolkata. The recent acquisition of Asiya Capital and ACIC SPV has given SAMHI Hotels Ltd access to an additional 962 keys across 6 operating hotels. It has its keys under well recognized hotels operators like Courtyard Marriott, Sheraton, Hyatt, and Holiday Inn, among others. This provides SAMHI Hotels Ltd access to the loyalty programs of these hotel chains and their online reservation systems. SAMHI Hotels Ltd counts Equity International (led by Sam Zell), GTI Capital and International Finance Corporation (IFC) among its key shareholders.

The 4,801 keys held by SAMHI Hotels Ltd are spread across several premium properties across major destinations. These include 170 keys at the Courtyard by Marriott in Bengaluru, 270 keys at Fairfield by Marriott, Bengaluru across Whitefield and ORR properties, 153 keys in Fairfield by Marriott, Chennai, 148 keys at Fairfield by Marriott in Rajajinagar Bengaluru, 123 keys at Four Points by Sheraton, Vizag, 130 keys at Fairfield by Marriott, Goa, 109 keys at Fairfield by Marriott, Pune, 126 keys at Fairfield by Marriott, Coimbatore, 130 keys at Holiday Inn Express, Ahmedabad, 170 keys at Holiday Inn Express, Hyderabad and 161 keys by Holiday Inn Express, Bengaluru. In addition, SAMHI Hotels Ltd also has substantial number of keys across Holiday Inn properties in Chennai, Gurugram, Nashik and Pune.

The funds would be largely used to repay / prepay loans taken by the subsidiaries of the company including accrued interest. The IPO will be lead managed by JM Financial and Kotak Mahindra Capital. KFIN Technologies (formerly Karvy Computershare is appointed the registrar to the IPO.