According to the document, losses amounted to 17.3 billion rupees (equivalent to USD 207 million) for the period spanning from April to December 2023, marking the initial nine months of the fiscal year 2023-24.
Approximately 75% of the IPO is allocated for qualified institutional buyers, while 15% is designated for non-institutional investors, with the remaining 10% allotted to retail investors.
Samhi Hotels and Motisons Jewellers, a retail jewelry company based in Jaipur, have received approval from the Securities and Exchange Board of India (SEBI) to raise capital through an initial public offering (IPO)
It also operate hotels like, The Park, The Park Collection, Zone by The Park, Zone Connect by The Park and Stop by Zone and has a strong hold in the retail food and beverage industry via its brand ‘Flurys’.