Investors now have a unique chance to double their earnings as two initial public offerings (IPOs) opened on Thursday, accepting investments until September 18, 2023.
The first IPO is from Samhi Hotels, aiming to raise Rs 1,370.10 crore. Samhi Hotels plans to issue a total of 108,738,095 shares.
Of these, 13,500,000 shares are for sale through Offer For Sale (OFS), while 95,238,095 are fresh equity shares. The price range for Samhi Hotels shares is Rs 119-126.
Strong Anchor Investor Interest
Samhi Hotels IPO opened a day earlier for anchor investors, and it garnered significant attention.
The company raised approximately Rs 616.54 crore from 35 anchor investors, allocating 4,89,32,143 equity shares at a price of Rs 126 per share.
Anchor investors include the Government of Singapore, Monetary Authority of Singapore, CLSA Global Markets, Think India Opportunities Master Fund, HSBC Global, Natixis International Funds, and other global investors.
Important Dates
The Samhi Hotels IPO will close on September 18, with the allotment date set for September 22.
Shares will be credited to investors’ demat accounts on September 26, and the IPO may debut on BSE and NSE on September 27.
Zaggle Prepaid Ocean IPO Opens Today
The second IPO available for investment is Zaggle Prepaid Ocean, which is also open until September 18.
This IPO has a total issue size of Rs 563.38 crore. It consists of 23,902,439 fresh shares valued at Rs 392.00 crore and 10,449,816 shares for sale through Offer for Sale (OFS) worth Rs 171.38 crore.
The price range for Zaggle Prepaid Ocean shares is Rs 156-164.
Investment Details
For investors interested in Zaggle Prepaid Ocean IPO, the lot size is 90 shares, requiring an investment of Rs 14,760 for one lot.
The allotment date is September 22, and shares will be credited to demat accounts on September 26. The IPO listing on the stock market is expected on September 27.
