• HINDI
  • JaiTV
  • Login
Ganga News Today
  • HOME
  • INDIA
  • WORLD
  • ENTERTAINMENT
  • BUSINESS
  • FASHION
  • TECH
  • LIFESTYLE
  • SPORTS
  • OTHERS
    • PEOPLE
    • OPINION
    • BREAKING NEWS
    • INFO
    • SOCIAL
    • VIDEOS
No Result
View All Result
Ganga News Today
  • HOME
  • INDIA
  • WORLD
  • ENTERTAINMENT
  • BUSINESS
  • FASHION
  • TECH
  • LIFESTYLE
  • SPORTS
  • OTHERS
    • PEOPLE
    • OPINION
    • BREAKING NEWS
    • INFO
    • SOCIAL
    • VIDEOS
No Result
View All Result
Ganga News Today
No Result
View All Result
Home BUSINESS

Samhi Hotels and Motisons Jewellers Get SEBI’s Nod for IPO

by Ayushi
September 5, 2023
in BUSINESS
The markets regulator said Chandra had asked the Bombay High Court to declare Sebi’s investigation illegal on 5 March, days before he made his arguments before the Securities Appellate Tribunal.
X (Twitter)FacebookWhatsappTelegram

Capital markets regulator SEBI (Securities and Exchange Board of India) has given the green light to two companies, Samhi Hotels and Motisons Jewellers, to raise funds through initial public offerings (IPOs). SEBI’s approval implies that the companies can proceed with their plans to go public.

 

Samhi Hotels, a hospitality company, has proposed an IPO comprising a fresh issue of equity shares valued at ₹1,000 crore and an Offer for Sale (OFS) of 90 lakh equity shares by existing shareholders. The OFS includes the sale of 42.36 lakh equity shares by Blue Chandra Pte Ltd, up to 24.78 lakh equity shares by Goldman Sachs Investments Holdings (Asia) Ltd, up to 15.47 lakh equity shares by GTI Capital Alpha Pvt Ltd, and up to 7.39 lakh equity shares by the International Finance Corporation. This OFS represents a partial exit by existing shareholders to comply with listing regulations.

RelatedPosts

Vidyut Jammwal Joins the Spykar Movement with the Launch of Chico Fit

Digital Gold vs Physical Gold : Which is Better

Lava Announces Exciting Smartphone Offers; Agni 3 Available for as Low as ₹16,999

 

The proceeds from the fresh issue, amounting to ₹750 crore, will be utilized by Samhi Hotels for debt repayment and general corporate purposes. As of February 28, 2023, the company owns a portfolio of 3,839 key rooms across 25 operating hotels in 12 major urban consumer hubs in India, including Bengaluru, Hyderabad, the National Capital Region (NCR), Pune, Chennai, and Ahmedabad. Samhi Hotels is the largest owner of Fairfield by Marriott and Holiday Inn Express brands in India and operates under long-term management contracts with global hotel operators such as Marriott, Hyatt, and IHG.

 

On the other hand, Jaipur-based jewelry retail company Motisons Jewellers plans to issue 3.34 crore fresh equity shares in its IPO, with no Offer for Sale component. The net proceeds from the IPO will be utilized for repaying existing borrowings from scheduled commercial banks, funding working capital requirements, and general corporate purposes.

 

While Samhi Hotels had previously filed IPO papers with SEBI in September 2019 and obtained regulatory approval in November 2019, the IPO was not launched at the time. Motisons Jewellers had initially filed preliminary IPO papers with SEBI in September 2022, but the regulator returned the draft papers in December.

 

Both companies intend to list their shares on the NSE (National Stock Exchange) and BSE (Bombay Stock Exchange) after completing their respective IPOs, joining the ranks of publicly-traded entities in the Indian capital markets.

Tags: equity sharesinitial public offeringIPOListingMotisons JewellersOffer for SaleSamhi HotelsSebi
Previous Post

Union Minister Jyotiraditya Scindia Slams Kamal Nath

Next Post

SEBI Plans to Introduce One-Hour Trade Settlements

Related Posts

Vidyut Jammwal Joins the Spykar Movement with the Launch of Chico Fit

Vidyut Jammwal Joins the Spykar Movement with the Launch of Chico Fit

May 29, 2025

Digital Gold vs Physical Gold : Which is Better

May 14, 2025
Lava Announces Exciting Smartphone Offers; Agni 3 Available for as Low as ₹16,999

Lava Announces Exciting Smartphone Offers; Agni 3 Available for as Low as ₹16,999

April 22, 2025
Sony India Launches its First 800 mm Super Telephoto Zoom G Lens

Sony India Launches its First 800 mm Super Telephoto Zoom G Lens

March 30, 2025
Duchess Kumari Debuts at PTAT, A Celebration of Heritage and Modernity

Duchess Kumari Debuts at PTAT, A Celebration of Heritage and Modernity

March 29, 2025
Want To Boost Your Credit Score Easily : What You Should Know

Want To Boost Your Credit Score Easily : What You Should Know

March 15, 2025
Next Post
The markets regulator said Chandra had asked the Bombay High Court to declare Sebi’s investigation illegal on 5 March, days before he made his arguments before the Securities Appellate Tribunal.

SEBI Plans to Introduce One-Hour Trade Settlements

Recent News

Vidyut Jammwal Joins the Spykar Movement with the Launch of Chico Fit

Vidyut Jammwal Joins the Spykar Movement with the Launch of Chico Fit

May 29, 2025

Digital Gold vs Physical Gold : Which is Better

May 14, 2025
Truecaller Introduces Scamfeed : A User-Powered Defense Against Scams

Truecaller Introduces Scamfeed : A User-Powered Defense Against Scams

April 29, 2025
TVS Motor Company Unveils the Upgraded TVS Apache RR 310 with Advanced Features

TVS Motor Company Unveils the Upgraded TVS Apache RR 310 with Advanced Features

April 26, 2025
Lava Announces Exciting Smartphone Offers; Agni 3 Available for as Low as ₹16,999

Lava Announces Exciting Smartphone Offers; Agni 3 Available for as Low as ₹16,999

April 22, 2025
What Indian Car Lovers Can Expect from the VinFast VF 6

What Indian Car Lovers Can Expect from the VinFast VF 6

April 17, 2025
  • ABOUT
  • CONTACT
  • PRIVACY
  • ADVERTISE
  • Hindi – हिंदी
FOLLOW US

© Ganga News Today

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • Login
DTV
  • HOME
  • INDIA
  • WORLD
  • ENTERTAINMENT
  • BUSINESS
  • TECHNOLOGY
  • LIFESTYLE
  • SPORTS
  • FASHION
  • HEALTH
  • PEOPLE

© Ganga News Today

Go to mobile version