JSA also advised Equity International (Blue Chandra Pte. Ltd.) in relation to its offer for sale of 8,428,510 Equity Shares aggregating to approximately ₹ 1,062 million in the initial public offering of equity shares (“IPO”) of SAMHI, comprising of a fresh issue of approximately INR 12,000 million and an offer for sale of approximately INR 1,701 million, at a price of Rs. 126 per equity share, aggregating to a total IPO size of approximately INR 13,701 million.
Equity International, as part of their pre-IPO funding round, partially exited from its investment in SAMHI by a sale of its equity shares held in SAMHI immediately prior to the IPO of SAMHI which successfully listed on September 22, 2023.
The book running lead managers to the IPO were JM Financial Limited and Kotak Mahindra Capital Company Limited.
SAMHI is a branded hotel ownership and asset management platform in India with a portfolio of 3,839 keys across 25 operating hotels in 12 of India’s key urban consumption centers, as of March 31, 2023
Our Transaction Team Comprised Lead Partner – Arka Mookerjee and Partner – Siddhartha Desai
Arka’s practice area covers primarily equity capital markets issuances which covers a wide range of products such as Initial Public Offerings, Rights Issues, Qualified Institutions Placements, Initial Public Offering of Infrastructure Trusts and foreign currency convertible bonds.