SAMHI Hotels Limited IPO Message Board (Page 11)

Positive things based on just preliminary reading of RHP:

- Maintaining hotels like Marriott, Sheraton, Hyatt Regency, Hyatt Place, Fairfield
- Positive free cash flow - which shows operationally no issue
- 75% QIB offer
- Revenue increasing YOY basis
- With repayment of loans of 900 crore, finance cost may reduce 180-200 crores (I still need to deep dive more on this number)

Negatives:
- Finance cost is 520 crores in a turnover of 761 crores
- Assets decreasing YOY basis ( which is not at all encouraging)

This is just preliminary reading, many members here without checking anything just scream avoid with no logic.

2020-21 and 2021-22 has not been good for hospitality sector. So many companies would have had their plans derailed. It's better to read and then voice opinion rather than just scratching the surface and screaming avoid avoid..

​@arunARUN You are right they have borrowed at a interest of 19.5%

During covid, no debt was given to hospitality industry, but they got at such hefty interest

A Bitter Fact , If company couldn't have taken that loan you would have found out
Indian Hotels bidding in NCLAT for SAMHI

Not Doing any Sarcasm But Fact is Fact

They later refinanced that debt in 2022 at an interest of 10.5 % and reduced written Off that expensive debt

But Gave up that FII a 5% equity of the company and Repayed whole amount

And Now through Fresh issue they are repaying 1065 cr of Debt taken at 10.5% and
Out of whole debt of 2850 cr
1685 cr will remain in books post IPO

And they will be paying averagely 215 cr Finance Cost for atleast next 2 yrs

I hope it helps
All figures are precise , No cross Checking required .

​@newgen consultancy 
If they are repaying loan costing 10.5% then finance cost will reduce to that extent only
Given GoI borrows around 7% i think 10.5% should be acceptable rate of interest. If they are paying it back by diluting the equity it means that they are taking cost of equity at 10.5% which is way low
Debt provides a tax shield while earining for equity you have to pay tax. So doubtful use of funds when people claim hospitility industry is doing well
Covid was for every one. See Indian hotel number for that year and now or any other hotel major

Pehli fursat m nikal

Great financials, they will be profitable by 2027.

Gr8 fin. Profitable@27.
​@v for vendetta Want to vendetta to investor ?

Are voh sarcasm tha
2027 me profitability ka 🤣

1rs paid shares loss making highly price
clear avoided

Clear Avoid at first sight.
Loss making company,
Heavy snd increasing debt.
Negative networth.

Loss making company since inception (12 years), huge debt burden of Rs 2787 cr. , negative net worth etc. make this IPO a clear avoid. And finally, as Kotak is one of the Lead Managers, we can expect the price band will be exorbitant.

How many think RR Kabel not open on 13-Sep

Me

Is Company Ka Badluck Hi Kharab he

Clash Hua bhi To RR KABEL se

It's GOLDMAN SACHS V/s TPG Now

Borrowings are bigger than assets
R and s also following same path
FV only 1
Composed of OFS.
​@newgen consultancy साहब इतना सब खराब है तो बैडलक को क्यू कोसना....

RR KABEL ke Vajah se
Jo Thoda-bohot subscription aane vala tha voh bhi ab nahi aayega

Mujhe lagta he Ki RR KABEL IPO thoda sa delay hoga

Gandhar Oil
ZAGGLE PREPAID IPO to hit soon

Caution. Lessons learnt from LIC, PAYTM to be remembered. Can't leave much on table. Can it be better than recent TVS IPO with hefty PE.

Aisa kya ho gya achanak se tvs supply chain me 12% up?

Generally at peak IPO euphoria, bunch of loss making companies/unreliable valuation companies come to mop up funds.

Bach ke Rehna re baba Bach ke Rehna re...

Financial look bad, but hotel portfolios look good. Let's wait for GMP

RAM RATNA seems better than SHAMI

RAM RATNA IS NOW KABEL FOR IPO 😁

* 13-15 FINAL DATE #
AI : 12 SEPTEMBER
RII : 35%
RESERVATION : ELIGIBLE EMPLOYEES
REGISTRAR : LINKINTIME
LM : JM , CITI , AXIS , HSBC
PEERS : HAVELLS , POLYCAB , KEI , FINOLEX , V-GUARD , CG , BAJAJ

RAM RATNA IS MORE KABEL THAN SHAMSHAN SHAMI 😂

avoid 1 sight. if gmp then i only apply for listing gain.