If you’re an investor looking to invest in the hospitality sector, then the Samhi Hotels IPO could be a great opportunity for you. The company has recently announced its IPO, and investors are eagerly waiting to invest in it. However, before you invest, it is essential to understand the IPO GMP and allotment status. This guide will provide you with a detailed understanding of the Samhi Hotels IPO GMP allotment status and its importance.
Introduction to Samhi Hotels IPO
Samhi Hotels is a leading hotel investment and development company in India. It has a portfolio of 27 hotels with over 4,900 rooms in the country. The company has recently announced its IPO, which will be open from 4th to 6th October 2021. The IPO consists of a fresh issue of Rs. 1,100 crore and an offer for sale of Rs. 2,800 crore by the promoters.
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The Samhi Hotels IPO has generated a lot of interest among investors, and many are looking to invest in it. However, before investing, it is essential to understand the IPO GMP and allotment status.
Understanding IPO GMP (Grey Market Premium)
The Grey Market Premium (GMP) is the difference between the market price of an IPO in the grey market and its issue price. The grey market is an unofficial market where shares of an IPO are traded before they are listed on the stock exchange. The GMP reflects the demand for the shares in the grey market and indicates how the IPO is expected to perform on its listing day.
For example, if the issue price of an IPO is Rs. 100, and the GMP is Rs. 20, then the grey market price of the share is Rs. 120. This means that investors are willing to pay Rs. 20 more than the issue price to get their hands on the shares.
Importance of Allotment Status in IPOs
The allotment status in an IPO indicates the number of shares that have been allocated to an investor. The allotment is typically done through a lottery system, and investors may or may not get the number of shares they had applied for. The allotment status is crucial for investors as it determines the number of shares they will receive.
Investors who do not get the number of shares they had applied for may have to wait for the shares to be listed on the stock exchange to buy them. This can be risky as the share price may have already increased by then, and they may have to pay a higher price to buy the shares.
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How to check Samhi Hotels IPO GMP Allotment Status
To check the Samhi Hotels IPO GMP allotment status, investors can follow the below steps:
- Visit the registrar’s website – Link Intime India Private Limited
- Click on the ‘Current IPOs’ tab
- Locate the Samhi Hotels IPO and click on the ‘Details’ button
- Enter your application number and PAN number
- Click on the ‘Search’ button to view your allotment status
Investors can also check the GMP of the Samhi Hotels IPO on various websites that track the grey market premium.
Factors affecting IPO Allotment Status
Several factors can affect the IPO allotment status, including:
- Oversubscription – If the IPO is oversubscribed, then the allotment may be done through a lottery system, and investors may not get the number of shares they had applied for.
- Category-wise allotment – The allotment may be done on a category-wise basis, and investors may have a higher chance of getting shares in the retail category.
- Cut-off price – If the IPO is oversubscribed, then the cut-off price may be higher than the issue price, and investors may have to pay a higher price to get the shares.
Tips for Investors during IPO Allotment Process
Investors can follow the below tips to increase their chances of getting allotment in an IPO:
- Apply in the retail category – The retail category has a higher chance of getting allotment than other categories.
- Apply with multiple demat accounts – Investors can apply for shares using multiple demat accounts to increase their chances of getting allotment.
- Apply for the minimum number of shares – Investors can apply for the minimum number of shares to increase their chances of getting allotment.
Common Issues faced by Investors in IPO Allotment
Some common issues faced by investors during the IPO allotment process include:
- Non-receipt of refund – Investors may not receive the refund for the shares they did not get allotment for.
- Delay in allotment – The allotment process may be delayed due to technical issues or other reasons.
- Non-receipt of allotment status – Investors may not receive the allotment status due to technical issues or other reasons.
Frequently Asked Questions (FAQs) about Samhi Hotels IPO GMP Allotment Status
- What is the issue price of the Samhi Hotels IPO? The issue price of the Samhi Hotels IPO is Rs. 290 – Rs. 291 per share.
- When will the Samhi Hotels IPO be listed on the stock exchange? The Samhi Hotels IPO is expected to be listed on the stock exchange on 13th October 2021.
- What is the minimum number of shares that can be applied for in the Samhi Hotels IPO? The minimum number of shares that can be applied for in the Samhi Hotels IPO is 51 shares.
Resources and Tools for tracking IPO GMP and Allotment Status
Investors can use the below resources and tools to track the IPO GMP and allotment status:
- Registrar’s website – Link Intime India Private Limited
- BSE website – https://www.bseindia.com/
- NSE website – https://www.nseindia.com/
- Various websites that track the grey market premium.
Conclusion
The Samhi Hotels IPO is an exciting opportunity for investors looking to invest in the hospitality sector. However, before investing, it is essential to understand the IPO GMP and allotment status. Investors can use various resources and tools to track the GMP and allotment status and follow the tips mentioned in this guide to increase their chances of getting allotment. By keeping the factors affecting the allotment status in mind, investors can make an informed decision and invest wisely.