Apeejay Surrendra Park Hotels IPO Details ( Apeejay Surrendra Park Hotels Limited IPO Review )
(5 Feb 2024 – 7 Feb 2024)
Established in 1987, Apeejay Surrendra Park Hotels Limited is a hospitality company known for its popular brands like “THE PARK,” “THE PARK Collection,” “Zone by The Park,” “Zone Connect by The Park,” and the retail brand ‘Flurys’ in the food and beverage industry.
As of March 31, 2023, the company boasts a portfolio of 80 restaurants, nightclubs, and bars, providing a diverse range of culinary experiences.
Currently, the company manages 27 hotels in different categories, including luxury boutique, upscale, and upper midscale. These hotels are located in various Indian cities like Kolkata, New Delhi, Chennai, Hyderabad, Bangalore, Mumbai, Coimbatore, Indore, Goa, Jaipur, Jodhpur, Jammu, Navi Mumbai, Visakhapatnam, Port Blair, and Pathankot. In total, the hotels offer 2,111 rooms as of August 2023.
Apeejay Surrendra Park Hotels owns popular restaurants such as 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 has a workforce of 1,923 dedicated employees.
Apeejay Surrendra Park Hotels Limited IPO Competitive Strength
- We have built successful hospitality brands through product innovation and service excellence to attract customer through a diversified and holistic offering.
- A diversified Pan India portfolio of owned, leased and managed hotels that are strategically located across metros and emerging cities.
- High occupancy rate and REVPAR with a strong financial and operational track record.
- High F&B and Entertainment contributions which adds to stable and non-cyclical earnings while complementing the hotel business.
- “Flurys” is an iconic brand with a successful and profitable track record of industry leading EBITDA margins.
- Dedicated and experienced leadership team with high standards of corporate governance.
Apeejay Surrendra Park IPO Financials Performance ( Results )
Apeejay Surrendra Park Hotels Limited Financial Information (Restated)
All Amount in ₹ Crores
| Period Ended | Total Assets | Total Revenue | PAT | Net Worth | Reserves | Borrowing |
| 31-Mar-21 | 1,280.34 | 190.29 | -75.88 | 536.28 | 518.81 | 593.44 |
| 31-Mar-22 | 1,275.18 | 267.83 | -28.20 | 508.51 | 491.05 | 622.68 |
| 31-Mar-23 | 1,361.79 | 524.43 | 48.06 | 555.68 | 538.22 | 566.88 |
| 30-Sep-23 | 1,382.51 | 272.31 | 22.95 | 578.71 | 561.24 | 597.09 |
Objective of Apeejay Surrendra Park IPO Issue
- Repayment/ prepayment, in full or in part of certain outstanding borrowings availed by the Company; and
- General corporate purposes
Apeejay Surrendra IPO Basic Details
| IPO Date | Feb 5, 2024 to Feb 7, 2024 |
| Listing Date | Friday, February 12, 2024 |
| Face Value | ₹1 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) |
| Employee Discount | ₹7 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE, BSE |
| Share holding pre issue | 174,661,760 |
| Share holding post issue | |
| Company Promoters | Karan Paul, Priya Paul, Apeejay Surrendra Trust and Great Eastern Stores Private Limited |
Apeejay Surrendra Park Hotels IPO Reservation
| QIB Shares Offered | 75% of the Net Issue |
| NII (HNI) Shares Offered | 15% of the Net Issue |
| Retail Shares Offered | 10% of the Net Issue |
Apeejay IPO Timetable
Apeejay IPO will open on February 5, 2024 and close on February 7, 2024. You can join Apeejay IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 5 February 2024 (Monday) |
| Closing Date | 7 February 2024 (Wednesday) |
| Basis of Allotment | 8 February 2024 (Thursday) |
| Initiation of Refunds | 9 February 2024 (Friday) |
| Credit of Shares to Demat | 9 February 2024 (Friday) |
| Listing Date | 12 February 2024 (Monday) |
| Deadline for UPI mandate confirmation | 5 PM on 7 February 2024 |
Apeejay Surrendra IPO Lot Size
For retail investors in Apeejay Surrendra IPO, 96 shares will come in 1 lot or the minimum investment will be ₹14,880. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹193,440.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 96 | ₹14,880 |
| Retail (Max) | 13 | 1,248 | ₹193,440 |
| S-HNI (Min) | 14 | 1,344 | ₹208,320 |
| S-HNI (Max) | 67 | 6,432 | ₹996,960 |
| B-HNI (Min) | 68 | 6,528 | ₹1,011,840 |
The Park Hotels IPO Promoter Holding
The company’s promoters include Karan Paul, Priya Paul, Apeejay Surrendra Trust and Great Eastern Stores Private Limited.
| Pre Issue Share Holding | 94.18% |
| Post Issue Share Holding | 68.13% |
Apeejay Surrendra Park Hotels Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | 3307 |
| Earning Per Share (EPS) | ₹2.75 per Equity Share |
| Net Asset Value (NAV) | ₹31.81 per Equity Share |
| Post P/E Ratio (P/E) (x) | 72.09 |
| Return on Net Worth (RoNW) (%) | 9.03 |
| Debt/Equity Ratio | 0.99 |
Apeejay Surrendra Park Hotels IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| Today | ₹41 | – | – |
| 7 February 2024 | ₹41 | – | – |
| 6 February 2024 | ₹41 | – | – |
| 5 February 2024 | ₹41 | – | – |
| 4 February 2024 | ₹65 | – | – |
| 3 February 2024 | ₹65 | – | – |
| 2 February 2024 | ₹65 | – | – |
| 1 February 2024 | ₹65 | – | – |
Apeejay Surrendra Park Hotels IPO Detail Video:
Apeejay Surrendra Park Hotels IPO Subscription Status (Bidding Detail)
The Apeejay Surrendra Park Hotels IPO on February 7, 2024 at 7:30:00 PM 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, QIB (Qualified-Institutional Buyers) category being subscribed 79.23 times.
| Category | Subscription |
| QIB | 79.23x |
| NII | 55.26x |
| Retail | 32.00x |
| Employee | 5.73x |
| Total | 62.91x |
Apeejay Surrendra Park Hotels IPO Prospectus
| Apeejay Surrendra Park Hotels IPO DRHP | Download |
| Apeejay Surrendra Park Hotels IPO RHP | Download |
| Apeejay Surrendra Park Hotels IPO Anchor Investors Details PDF | Download |
Apeejay Surrendra Park Hotels IPO Rating
| Our Rating | 3.0/5.0 |
Apeejay Surrendra Park Hotels Company Contact Information
Apeejay Surrendra Park Hotels Limited
Registered Office: 17, Park Street, Kolkata – 700 016, West Bengal, India;
Corporate Office: The Park Hotels, N-80, Connaught Place, New Delhi – 110 001, India;
Telephone number: +91 33 2249 9000
Contact person: Shalini Keshan, Company Secretary and Compliance Officer
E-mail: investorrelations@asphl.in
Website: www.theparkhotels.com
Corporate Identity Number: U85110WB1987PLC222139
Our Promoters: Karan Paul, Priya Paul, Apeejay Surrendra Trust and Great Eastern Stores Private Limited
Apeejay Surrendra Park Hotels IPO Registrar
Link Intime India Private Limited
Registered Office: C-101, 1st Floor, 247 Park, Lal Bahadur Shastri Marg, Vikhroli (West), Mumbai – 400 083, Maharashtra, India
Telephone number: +91 810 811 4949
E-mail: parkhotels.ipo@linkintime.co.in
Website: www.linkintime.co.in
Investor grievance e-mail: parkhotels.ipo@linkintime.co.in
Contact person: Shanti Gopalkrishnan
SEBI registration number: INR000004058
Apeejay Surrendra Park Hotels IPO Lead Manager
JM Financial Limited
Registered Office: 7th Floor, Cnergy Appasaheb Marathe Marg Prabhadevi, Mumbai – 400 025, Maharashtra, India
Telephone number: +91 22 6630 3030
E-mail: park.ipo@jmfl.com
Website: www.jmfl.com
Investor grievance e-mail: grievance.ibd@jmfl.com
Contact person: Prachee Dhuri
SEBI registration number: INM000010361
Axis Capital Limited
Registered Office: 1st Floor, C-2, Axis House Wadia International Centre Pandurang Budhkar Marg, Worli Mumbai – 400 025, Maharashtra, India
Telephone number: +91 22 4325 2183
E-mail: parkhotels.ipo@axiscap.in
Website: www.axiscapital.co.in
Investor grievance e-mail: complaints@axiscap.in
Contact person: Akash Aggarwal / Sagar Jatakiya
SEBI registration number: INM000012029
ICICI Securities Limited
Registered Office: ICICI Venture House, Appasaheb Marathe Marg Prabhadevi, Mumbai 400 025, Maharashtra, India
Telephone number: +91 22 6807 7100
E-mail: parkhotelsipo@icicisecurities.com
Website: www.icicisecurities.com
Investor grievance e-mail: customercare@icicisecurities.com
Contact person: Gaurav Mittal/ Ashik Joisar
SEBI registration number: INM000011179
Apeejay Surrendra Park Hotels IPO FAQs
What is the lot size of Apeejay Surrendra Park Hotels IPO?
The total size of Apeejay Surrendra Park Hotels IPO is ₹920.00 crores out of which ₹600.00 crores is fresh issue and ₹320.00 crores is offer for sale (OFS).
When will Apeejay Surrendra Park Hotels IPO start?
Apeejay Surrendra Park Hotels IPO will open from 5 February 2024 and IPO will close on 7 February 2024.
What is the open date of Apeejay Surrendra Park Hotels IPO?
Apeejay Surrendra Park Hotels IPO will open date from 5 February 2024.
What is the last date ( close date ) of Apeejay Surrendra Park Hotels IPO?
Apeejay Surrendra Park Hotels IPO will close from 7 February 2024.
What is the price band of Apeejay Surrendra Park Hotels IPO?
Apeejay Surrendra Park Hotels IPO price band is ₹147 to ₹155. ( Upper Price Band: ₹155, Lower Price Band: ₹147 )
What is the minimum amount required to apply for Apeejay Surrendra Park Hotels IPO?
The minimum investment for retailers to apply for Apeejay Surrendra Park Hotels IPO is ₹14,880 and the maximum investment is ₹193,440.
What is going on gray market premium of Apeejay Surrendra Park Hotels IPO?
View gray market premium of Apeejay Surrendra Park Hotels IPO by Clicking Here
How much is the GMP of Apeejay Surrendra Park Hotels IPO?
Watch Apeejay Surrendra Park Hotels IPO GMP Today: Click Here
What is the allotment date of Apeejay Surrendra Park Hotels IPO?
The allotment date of Apeejay Surrendra Park Hotels IPO is 8 February 2024.
How to check allotment status in Apeejay Surrendra Park Hotels IPO?
To check the allotment status of Apeejay Surrendra Park Hotels IPO, first of all go to the registrar website by clicking here, select your bad Apeejay Surrendra Park Hotels IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Apeejay Surrendra Park Hotels IPO?
The listing date of Apeejay Surrendra Park Hotels IPO is 12 February 2024.
How much will be the listing gain in Apeejay Surrendra Park Hotels IPO?
View listing gain of Apeejay Surrendra Park Hotels IPO by Clicking Here
How much time Apeejay Surrendra Park Hotels IPO is subscribed?
Total 62.91 times subscribed in Apeejay Surrendra Park Hotels IPO out of which 32.00 times subscription was done in retail quota, 55.26 times subscription in NII quota and 79.23 times subscription in QIB quota.
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