SAMHI Hotels Limited IPO Message Board (Page 9)

Verdict...To the point. Kya baat hain sirji !

Thanks .. Jetha Lal Sir..

Sir in my opinion with ipo money they will reduce debt, save money and can slowly become profitable.
Indian economy growing so demand for luxury rooms will increase, peers like Indian hotel lemon tree valuation are very high
Anchor investors qibs will only come when they see value in it.

Thank you sir ji.

​@Jetha Lal Nice analysis Sir. Thanks 🙏

Thank you @Jetha Lal bhai
Disagree on only one but significant point - I don't think the pent up demand is all spent now. If you look at ticket prices of trains, flights, and the hotel tariffs - not just in India, but in most major holiday destinations globally, they are buoyant, and with high occupancy rates.
However, agree that it may still not have enough steam to turn around "old accumulated sins" of negative net worth any time soon.

​@ValueSeeker Ji
I meant to say the pentup demand arose due to COVID & lockdown is over now and now the companies will grow in line with demand in tourism & hospitality industry as a whole. There is buoyancy in demand in hotel & hospitality sector and all the players are going to be benefitted by it. The recent surge in prices of hotel stocks shows a lot has been already priced in and now EPS has to catch the stock price.
In respect of SAMHI, it has accumulated a lot of sins and seem that they are now focused in survival rather than growing and making wealth for shareholders. The investors who are exiting they themselves not making any profit and some are exiting at cost and some are at loss. Until they clean their balancesheet and improve their EBITDA margin it's tough way for this company.

​@Jetha Lal bhai
If it's a toss up between SAMHI and Zaggle, which one would you go for? (Considering probability of allotment and quantum of expected gain simultaneously)

​@ValueSeeker Ji,
Personally i won't apply in both of them but i can give you my view and i have every right to be wrong:)
I think if you are a risk taker then you can go with SAMHI.

SAMHI will be just 2747 crore worth of company at IPO price out of which 75% reserved for QIB out of which 60% of QIB will be blocked by anchor investors.
There is dilution of 50% of equity in the IPO. ~22%(50%*75%*60%) of company will be be blocked by anchor investors and rest 28% will be free float which will be around 770 cr.
Since it is from hotel sector and all stocks from this sector is doing well and there is a great enthusiasm for this sector and market is in bull run as well. If any MF house choose to deploy just 200-300 cr on this company which is nothing for some big MF companies then they can easily absorb selling on listing if they believe in turnaround story of this company as it has good brands of hotels. On enterprise value it is really cheaper vis-a-vis peers but there is reason to be cheaper as they have weaker P&L and B/S as well.
I didn't like this company fundamentally and this IPO is brought for survival. Since size of company is very small with good brands may save this company as of now. In the short run market can be very irrational but in long run everything comes down to EPS, growth and valuation.

Since there is negligible GMP so whoever apply will be bet on long term or believe in turnaround story so it's likely that supply pressure may be absorbed on listing. You will get clear cut idea by QIB subscription figure.

The MF house which is mostly likely to buy on listing might be SBI MF as they have taken good exposure(5.2% stake in company) in anchor book as well and they have hell lot of money since MFs are getting good inflow and they are largest MF house and deploying few hundred crores not a big deal for SBIMF. ICICI MF might also do this.

In nutshell i would conclude that it may list positive or if it list in negative then it may bounce back on listing or post listing as demand flow.

With respect to Zaggle, I haven't studied this company but heard management interview. A small sized IPO & Company and big punters can be seen Anchor book, the company is profitable, bit unique business and this is ignored IPO so i think it should also list positive. I don't know where it will be go post listing.

Both IPOs are going to list on same day so it may affect each other as well considering which one QIBs want more.

Disclaimer: I am not applying in anyone of them and i will be just spectator and views expressed are based on knowledge and experience. I am happy with my portfolio and i don't apply in every IPO. Kindly apply on own wisdom. Risk and reward are yours.

Thanks:)

Sir, subject to shauda means we can sell this application shni at 18-19 k in grey market
Wheather it will allot or not?

​@Arjun prajapati 
Subject to Means
Subject to Allotment
Agar allotment hua toh milega Premium.

Anchor⚓ list
1

Anchor list 2

chaar din ki chandni fir andheri raat... matches k bad sb normal ho jagya phir kya?

​@ABHIJAY PALIWAL Bhag jao 😅 sell karke 🤣