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Posted on  January 31, 2024 under  by Meghna Mundhra

Apeejay Surrendra Park Hotels IPO Details - Complete Overview of Apeejay Surrendra Park Hotels Limited IPO

Apeejay Surrendra Park Hotels IPO Price: ₹147 to ₹155 
IPO Date Range:
Feb 5, 2024 - Feb 7, 2024

Apeejay Surrendra Park Hotels IPO

Foundation & Business Essence

Established in 1987, Apeejay Surrendra Park Hotels Limited is a prominent player in the hospitality industry. The company operates under various brand names, including "THE PARK," "THE PARK Collection," "Zone by The Park," "Zone Connect by The Park," and "Stop by Zone."

Restaurant Portfolio

As of March 31, 2023, the company manages 80 restaurants, nightclubs, and bars, offering a varied range of culinary experiences. Additionally, it has a notable presence in the retail food and beverage sector through its 'Flurys' brand.

Apeejay Surrendra Park Hotels Limited further enriches its culinary portfolio by owning and operating restaurants under distinct brand names, such as Zen, Lotus, Aish, Saffron, Fire, Italia, 601, The Bridge, The Street, Verandah, Vista, Bamboo Bay, Monsoon, Mist, Love, and Bazaar. These diverse brands collectively contribute to the company's rich and varied culinary offerings.

Hotel Portfolio

The company currently oversees a portfolio of 27 hotels, spanning different categories such as luxury boutique, upscale, and upper midscale. These hotels are strategically located in various cities across India, including Kolkata, New Delhi, Chennai, Hyderabad, Bangalore, Mumbai, Coimbatore, Indore, Goa, Jaipur, Jodhpur, Jammu, Navi Mumbai, Visakhapatnam, Port Blair, and Pathankot. The hotel properties collectively offer a total of 2,111 rooms, as of August 2023.

Bidding Starts In

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Apeejay Surrendra Park Hotels IPO Specifics:

IPO DateFebruary 5, 2024 to February 7, 2024
Listing DateMonday, February 12, 2024
Face Value₹1 per share
Price Band₹147 to ₹155  per share
Lot Size96 shares
Total Issue Size[.] shares
(aggregating up to ₹920.00 Cr)
Fresh Issue[.] shares
(aggregating up to ₹600.00 Cr)
Offer for Sale[.] shares
(aggregating up to ₹320.00 Cr)
Employee DiscountRs 7 per share
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE
Share holding pre issue174,661,760

Apeejay Surrendra Park Hotels IPO Lot Size

Investors have the option to bid for a minimum of 96 shares, and they can bid in multiples of this amount. The table below outlines the minimum and maximum investment amounts for retail investors and HNIs, both in terms of shares and total value.

ApplicationLotsSharesAmount
Retail (Min)196₹14,880
Retail (Max)131248₹193,440
S-HNI (Min)141344₹208,320
S-HNI (Max)676432₹996,960
B-HNI (Min)686528₹1,011,840

Apeejay Surrendra Park Hotels IPO Reservation

QIB Shares OfferedNot more than 75% of the Net Issue
Retail Shares OfferedNot less than 10% of the Net Issue
NII (HNI) Shares OfferedNot less than 15% of the Net Issue

Apeejay Surrendra Park Hotels IPO Timetable (Important Dates)

IPO Open DateMonday, February 5, 2024
IPO Close DateWednesday, February 7, 2024
Basis of AllotmentThursday, February 8, 2024
Initiation of RefundsFriday, February 9, 2024
Credit of Shares to DematFriday, February 9, 2024
Listing DateMonday, February 12, 2024
Cut-off time for UPI mandate confirmation5 PM on February 7, 2024

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Apeejay Surrendra Park Hotels Limited IPO Financial Information

Apeejay Surrendra Park Hotels Limited witnessed a substantial growth in its financial performance, with a remarkable 95.81% increase in revenue and a significant 270.42% rise in profit after tax (PAT) from the fiscal year ending on March 31, 2022, to March 31, 2023.

Period Ended31 Mar 202131 Mar 202231 Mar 202330 Sep 2023
Assets1280.341275.181361.791382.51
Revenue190.29267.83524.43272.31
Profit After Tax-75.88-28.2048.0622.95
Net Worth536.28508.51555.68578.71
Reserves & Surplus518.81491.05538.22561.24
Total Borrowing593.44622.68566.68597.09
Amount in ₹ Crore

Key Performance Indicator - Apeejay Surrendra Park Hotels IPO

KPIValues
Market Cap (₹ Cr.)3307
EPS (Rs)2.75
Debt/ Equity0.99
RoNW9.03%

Objects of the Issue:

The company intends to utilize the Net Proceeds for the following purposes:

  1. Repayment or prepayment, either in full or in part, of specific outstanding borrowings obtained by the Company.
  2. General corporate purposes.

Prospectus Links:

Prospectus: Official documents that provide detailed information about the IPO and the company. Apeejay Surrendra Park Hotels DRHP and Apeejay Surrendra Park Hotels RHP.

Frequently Asked Questions

What is an IPO?

An IPO, or Initial Public Offering, is the process by which a private company offers its shares to the public for the first time to raise capital.

Why do companies go public with an IPO?

Companies go public to raise capital for expansion, reduce debt, or for other corporate purposes. It also provides liquidity to existing shareholders.

What is the price range for the "Apeejay Surrendra Park Hotels Limited" IPO?

The price range for the"Apeejay Surrendra Park Hotels Limited" IPO is ₹147 to ₹155  per share.

When will the "Apeejay Surrendra Park Hotels Limited" IPO be listed on the stock exchange?

The "Apeejay Surrendra Park Hotels Limited" IPO is expected to be listed on Monday, 12 February, 2024.

How to apply for an IPO with Lakshmishree?

To apply for an IPO with Lakshmishree:
Go to www.lakshmishree.com/ipo
Select the desired IPO and fill in the required details.
Confirm your application and make the payment.
Once applied, you can track the status of your application on the platform or get in your registered Email ID.

How can I check the subscription status of an IPO on Lakshmishree?

Log in to your Lakshmishree account and navigate to the 'IPO' section. Here, you can view live updates on the subscription status of ongoing IPOs.

Written by Meghna Mundhra

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