Samhi Hotels trims fresh issue size of IPO
Mint Mumbai|April 04, 2023
The Gurugram-based company had first filed its papers with the Securities and Exchange Board of India (Sebi) for an IPO in September 2019 to raise ₹1,800-2,000 crore.
Varuni Khosla
Samhi Hotels trims fresh issue size of IPO

Goldman Sachs-backed Samhi Hotels, the owner of some Marriott brand of hotels in India, has refiled its draft prospectus for an initial public offering.

The Gurugram-based company had first filed its papers with the Securities and Exchange Board of India (Sebi) for an IPO in September 2019 to raise 1,800-2,000 crore. At the time, Samhi said it intended to raise 1,100 crore in fresh capital and an offer for sale (OFS) of 19.14 million shares by existing shareholders. This time, however, the size of the fresh capital-raising has been cut to 1,000 crore while the OFS will comprise nine million shares, as per the draft papers.

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