The Apeejay Surrendra Park Hotels IPO started on February 5, 2024, and ended on February 7, 2024. Shares were allocated on February 8, 2024, and refund processes began on February 9, 2024. On February 9, 2024, the shares were credited to investors demat accounts. Apeejay Surrendra Park Hotels was officially listed on the stock exchange on February 12, 2024.
During the IPO, Apeejay Surrendra Park Hotels offered shares at a price range of ₹147 to ₹155 per share, and the lot size was 96 shares. The total issue size was ₹920 crores, with ₹600 crores from new shares and ₹320 crores from shares for sale. The IPO was listed on both the NSE and BSE.
Regarding share reservations, 75% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 10% were set aside for retail investors.
Apeejay Surrendra Park Hotels IPO Subscription Update Video
Apeejay Surrendra Park Hotels IPO Subscription Status
The Apeejay Surrendra Park Hotels IPO on February 7, 2023 was subscribed 62.91 times, with the retail category being subscribed 32.00 times, the NII (Non-Institutional Investor) category being subscribed 55.26 times, the QIB (Qualified-Institutional Buyers) category being subscribed 79.23 times and the Employee category being subscribed 5.73 times.
| Category | Subscription |
| QIB | 79.23x |
| NII | 55.26x |
| Retail | 32.00x |
| Employee | 5.73x |
| Total | 62.91x |
Apeejay Surrendra Park IPO Basic Details
| Company Name | Apeejay Surrendra Park Hotels Limited |
| Domain of Company | Hotel & Restaurant Business |
| Apeejay Surrendra Park Hotels IPO Open Date | February 5, 2024 |
| Apeejay Surrendra Park Hotels IPO Close Date | February 7, 2024 |
| Apeejay Surrendra Park Hotels IPO Allotment Date | February 8, 2024 |
| Apeejay Surrendra Park Hotels IPO Listing Date | February 12, 2024 |
| Face Value | ₹10 per share |
| Price | ₹147 to ₹155 per share |
| Lot Size | 96 Shares |
| Issue Size | [.] shares of ₹1 (aggregating up to ₹920.00 Cr) |
| Fresh Issue | [.] shares of ₹1 (aggregating up to ₹600.00 Cr) |
| Offer for Sale | [.] shares of ₹1 (aggregating up to ₹320.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE, BSE |
| Company Promoters | Karan Paul, Priya Paul, Apeejay Surrendra Trust and Great Eastern Stores Private Limited |
About Apeejay Surrendra Park Hotels Limited
Established in 1987, Apeejay Surrendra Park Hotels Limited is in the business of hospitality. They operate under well-known brands such as “THE PARK,” “THE PARK Collection,” “Zone by The Park,” “Zone Connect by The Park,” and “Stop by Zone.” Additionally, the company is involved in the retail food and beverage industry with its brand ‘Flurys.
As of March 31, 2023, the company runs 80 restaurants, nightclubs, and bars, providing a diverse range of culinary experiences.
Currently, the company manages 27 hotels, falling into categories like luxury boutique, upscale, and upper midscale. These hotels are situated in various Indian cities, including Kolkata, New Delhi, Chennai, Hyderabad, Bangalore, Mumbai, Coimbatore, Indore, Goa, Jaipur, Jodhpur, Jammu, Navi Mumbai, Visakhapatnam, Port Blair, and Pathankot. The total room count across these hotels is 2,111 as of August 2023.
The company’s restaurant portfolio includes brands like Zen, Lotus, Aish, Saffron, Fire, Italia, 601, The Bridge, The Street, Verandah, Vista, Bamboo Bay, Monsoon, Mist, Love, and Bazaar.
As of June 2023, the company boasts a workforce of 1,923 employees.
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Apeejay Surrendra Park Hotels IPO FAQs
What is the start and end date of Apeejay Surrendra Park Hotels IPO Subscription?
The Apeejay Surrendra Park Hotels IPO started on February 5, 2024 and ended on February 7, 2024.
When does Apeejay Surrendra Park Hotels IPO Subscription open?
The Apeejay Surrendra Park Hotels IPO open on February 5, 2024.
When does Apeejay Surrendra Park Hotels IPO Subscription close?
The Apeejay Surrendra Park Hotels IPO Close on February 7, 2024.
What is the allotment date of Apeejay Surrendra Park Hotels IPO?
The allotment date for Apeejay Surrendra Park Hotels IPO is February 8, 2024.
When is the initial refund date of Apeejay Surrendra Park Hotels IPO?
The initial Refund date for Apeejay Surrendra Park Hotels IPO is February 9, 2024.
When were the shares credited to investors demat accounts for the Apeejay Surrendra Park Hotels IPO?
The shares for the Apeejay Surrendra Park Hotels IPO were credited to investors demat accounts on February 9, 2024.
When will Apeejay Surrendra Park Hotels IPO be listed on the stock market?
Apeejay Surrendra Park Hotels IPO stock market will be listed on February 12, 2024 at 10 am.
What was the price range of the Apeejay Surrendra Park Hotels IPO shares?
The Apeejay Surrendra Park Hotels IPO shares were offered at a price range of ₹147 to ₹155 per share.
What was the lot size for the Apeejay Surrendra Park Hotels IPO shares?
The lot size for the Apeejay Surrendra Park Hotels IPO shares was 96 shares.
What was the total issue size of the Apeejay Surrendra Park Hotels IPO?
The total issue size of the Apeejay Surrendra Park Hotels IPO was ₹920.00 crores.
How were the shares allocated among different types of investors for the Apeejay Surrendra Park Hotels IPO?
50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
On which stock exchanges was the Apeejay Surrendra Park Hotels IPO listed?
The Apeejay Surrendra Park Hotels IPO was listed on both the NSE and BSE.
What is the Apeejay Surrendra Park Hotels IPO Subscription Status?
Apeejay Surrendra Park Hotels IPO is subscribed 62.91 Times.
