Samhi Hotels Ltd IPO

Incorporated in 1983, Kolkata-based Tarsons Products manufactures laboratory products that are used in various research organisations, pharmaceutical companies, academia institutes, hospitals and diagnostic centres.

The company plans to go public and here’s all you need to know about this IPO.

Here’s the consolidated financial information for the last three years:

• The Company's ability to acquire dislocated hotels and demonstrated track record to re-rate hotel performance through renovation and/or rebranding;
• Its portfolio's scale and diversification further enhanced by sector tailwinds;
• Its track record to manage hotels efficiently;
• Its ability to create operating efficiencies and long-term performance using analytics tools;
• Its strong governance and seasoned management team.

• The company is not in compliance with certain covenants under certain of its financing agreements in the past, and in case of any breach of covenants in the future, such non-compliance, if not waived, could adversely affect its business, results of operations and financial condition.
• The company indebtedness and the conditions and restrictions imposed by its financing arrangements may limit the company ability to grow its business.
• The company has entered into hotel operator services agreements and other related agreements with Marriott, Hyatt and IHG (and their affiliates) to receive operating and marketing services for its hotels. The ACIC SPVs have entered into franchise agreements and brand license agreements with Marriott for the license of Marriott's brand name. If these agreements are terminated or not renewed, its business, results of operations and financial condition may be adversely affected.
• A significant portion of its revenues are derived from a few hotels and from hotels concentrated in a few geographical regions and any adverse developments affecting such hotels or regions could have an adverse effect on its business, results of operation and financial condition.
• If the company is unable to realize the anticipated growth opportunities and synergies from the assets its acquire, including from the Proposed ACIC Acquisition (as defined below) or any other acquisition that its may undertake in the future, its business, financial condition, cash flows and results of operations may be adversely affected.

• Position its Hotels to Benefit from Favorable Demand Trends in the Sector and Enhance Operating Efficiencies.
• Complete Development of Identified Opportunities that are Currently Under Development.
• Integrate ACIC Portfolio to Improve Financial Performance.
• Pursue Growth Opportunities via Programmatic Capital Deployment and Tactical M&A.
• Ensure Disciplined Capital Allocation and Reduction of Debt.