Samhi Hotels Ltd Share Price

(SAMHI)

Samhi Hotels Ltd was incorporated as SAMHI Hotels Private Limited on December 28 2010 as a Private Limited Company at Delhi and Haryana. On conversion of the Company to a Public Limited on August 2 2019 its name was changed to Samhi Hotels Limited and a fresh Certificate of Incorporation was issued by the RoC on August 16 2019. The Company is one of Indias leading hotel owner and asset manager. The Company is a hotel development and investment Group with focus on operating internationally branded hotels across key cities in the Indian subcontinent. It has a current portfolio of 27 operating hotels comprising of 4048 keys across India as of June 30 2019. The Company currently operate two hotels comprising a total of 279 keys under owned brands Caspia and Caspia Pro.In December 2011 the Company entered into a share purchase agreement with Sunitha Baljee Royal Orchid Hotels Limited and Royal Orchid Ahmedabad Private Limited and acquired 100 stake of SAMHI Hotels Ahmedabad. As a result SAMHI Ahmedabad owned the hotel which is currently being operated as the Four Points by Sheraton Ahmedabad. In 2012 the Company acquired stake of 60 in Barque Hotels Private Limited and addition in portfolio of 14 hotel assets of which Barque currently owns/leases 12 hotels of which 11 are currently operational and owns a parcel of land at Hosur Road Bengaluru. Paulmech Hospitality Private Limited the wholly owned subsidiary of Barque owns one hotel asset which is currently under construction in Kolkata. In 2013 it launched Asias first Fairfield by Marriott Hotel in Bengaluru. It started operations at Fairfield by Marriott Bangalore Rajajinagar Hotel and Four Points by Sheraton Ahmedabad. In 2014 it commenced operations at Hyatt Place Gurgaon / Udyog Vihar.In 2015 it started operations at Sheraton Hyderabad Hotel Fairfield by Marriott Bangalore Global Technology Park and Courtyard by Marriott Bangalore Global Technology Park.In 2016 the Company acquired the balance 40 shareholding in Barque and consequently Barque became a wholly owned Subsidiary of the Company. It entered into a Hotel Operator Agreements with Intercontinental Hotels Group for rebranding portfolio of hotels which was purchased as a result of acquisition of Barque to Holiday Inn Express. Thereafter it commenced operations under the Marriott brand at Renaissance Ahmedabad Hotel and Fairfield by Marriott Coimbatore.In 2018 the Company purchased Luxury Singapore Holding Company Pte Limiteds 33 shareholding in SAMHI JV as a result of which it became a subsidiary of the Company. The Company commenced operations at Holiday Inn Express Pune Hinjewadi Holiday Inn Express Chennai OMR Thoraipakkam Holiday Inn Express Gurgaon Sector 50 Holiday Inn Express Bengaluru Whitefield ITPL Holiday Inn Express Ahmedabad Prahlad Nagar Holiday Inn Express Hyderabad Banjara Hills Holiday Inn Express Hyderabad Hitech City Holiday Inn Express Nashik Indira Nagar Holiday Inn Express Pune Pimpri and Holiday Inn Express Yeshwanthpur Bengaluru. It also started operations at Fairfield by Marriott Bengaluru Whitefield Fairfield by Marriott Chennai OMR Fairfield by Marriott Pune Kharadi Fairfield by Marriott Goa Anjuna and Fairfield by Marriott Sriperumbudur Hotel.Pursuant to an Order dated July 2 2019 the National Company Law Tribunal New Delhi Principal Bench sanctioned a Scheme of Amalgamation whereby Xenon Hotels Private Limited was merged with Argon from the Appointed Date March 31 2018 which became effective on August 7 2019. Upon implementation of the Scheme the entire undertaking of Xenon were transferred to and vested in Argon. The Company is planning to raise capital from Public by raising Rs. 1100 crore Equity Shares through Fresh Issue and 19145624 Equity Shares through Offer for Sale..

Share Price: ₹181.28 per share as on 13 Jan, 2025 02:44 PM
Market Capitalisation: ₹4,187.16Cr as of today
Revenue: ₹265.54Cr as on September 2024 (Q3 24)
Net Profit: ₹12.62Cr as on September 2024 (Q3 24)
Listing date: 22 Sep, 2023
Chairperson Name: ASHISH JAKHANWALA