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SAMHI Hotels is a branded hotel ownership and asset management platform. SAMHI Hotels has a portfolio of 4,801 keys across 31 operating hotels in 14 cities.
“Sai Silk is self-funded. They do not need to raise any great capital. They do not need much capital. On any store level or even at the company level, they can easily do 20% plus ROE and the growth potential is quite well laid down. They had opened around 19 stores last year which are likely to contribute in the current year and they will be opening a similar number of stores in the current year also.”
BSE Sensex gained 173.22 points, or 0.26 per cent, to settle at 66,118.69. NSE's Nifty50 settled jumped 51.75 points, or 0.26 per cent, to end at 19,716.45 for the day.
Ahead of its listing, shares of Sai Silk (Kalamandir) were commanding a premium of Rs 7-10 per share in the grey market, hinting towards a flat debut at the bourses.
Signature Global is commanding a GMP of Rs 41 in the unlisted market. Sai Silks' GMP is around Rs 7 as against the offer price of Rs 222, which means the listing premium will likely be a mild 3%