Apeejay Surrendra Park Hotels Limited IPO Detail
Incorporated in 1987, Apeejay Surrendra Park Hotels Limited is engaged in the hospitality business operating under the brand names of "THE PARK", "THE PARK Collection", "Zone by The Park", "Zone Connect by The Park" and "Stop by Zone". The company is also engaged in the business of retail food and beverage industry through its retail brand 'Flurys.
As of March 31, 2023, the company operates 80 restaurants, night clubs and bars, offering a wide selection of culinary experiences.
The company currently operates 27 hotels, which are spread across different categories such as luxury boutique, upscale, and upper midscale. These hotels are present in various cities in India including Kolkata, New Delhi, Chennai, Hyderabad, Bangalore, Mumbai, Coimbatore, Indore, Goa, Jaipur, Jodhpur, Jammu, Navi Mumbai, Visakhapatnam, Port Blair, and Pathankot, offering a total of 2,111 rooms as of August 2023.
The company owns restaurants under the brand name of 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 total of 1,923 employees.
Company Promoters
Karan Paul, Priya Paul, Apeejay Surrendra Trust and Great Eastern Stores Private Limited.IPO Details
| IPO Opening Date | Feb 05, 2024 |
| IPO Closing Date | Feb 07, 2024 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹1 per equity share |
| IPO Price | ₹147 - 155 per equity share |
| Market Lot | 96 Shares |
| Min Order Quantity | 96 Shares |
| Listing At | BSE, NSE |
| Issue Size | ₹920.00 Cr |
| Fresh Issue | ₹600.00 Cr |
| Offer for Sale | ₹320.00 Cr |
| Retail Portion | 10% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 1.23x | - | - | 3.43x | 6.12x | 2.68x |
| Day 2 | 1.33x | - | - | 10.93x | 13.96x | 6.16x |
| Day 3 | 79.23x | - | - | 55.26x | 32.00x | 62.91x |
IPO Tentative Timetable
The Apeejay Surrendra Park Hotels Limited IPO open date is Feb 05, 2024, and the close date is Feb 07, 2024. The issue may list on Feb 12, 2024.
| IPO Open Date | Feb 05, 2024 |
| IPO Close Date | Feb 07, 2024 |
| Basis of Allotment Date | Feb 08, 2024 |
| Initiation of Refunds | Feb 09, 2024 |
| Credit of Shares to Demat Account | Feb 09, 2024 |
| IPO Listing Date | Feb 12, 2024 |
IPO Lot Size
The Apeejay Surrendra Park Hotels Limited IPO market lot size is 96 shares. A retail-individual investor can apply for up to 13 lots (1248 shares or ₹193440).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 96 | ₹14880 |
| Maximum | 13 | 1248 | ₹193440 |
IPO Promoter Holding
| Pre Issue Share Holding | 94.18% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Cr.)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 1280.34 | 190.29 | -75.88 |
| 31-Mar-22 | 1275.18 | 267.83 | -28.20 |
| 31-Mar-23 | 1361.79 | 524.43 | 48.06 |
| 30-Sep-23 | 1382.51 | 272.31 | 22.95 |
Objects of the Issue:
The company proposes to utilise the Net Proceeds towards funding the following objects:
- Repayment/ prepayment, in full or in part of certain outstanding borrowings availed by the Company; and
- General corporate purposes
Apeejay Surrendra Park Hotels Limited IPO Registrar:
Link Intime India Private Ltd
Apeejay Surrendra Park Hotels Limited IPO Lead Manager(s):
Jm Financial Limited Axis Bank Limited ICICI Securities Limited
Company Contact Information:
Apeejay Surrendra Park Hotels Limited
17, Park Street,
kolkata
700 016
