Apeejay Surrendra Park Hotels IPO Price: ₹147 to ₹155
IPO Date Range: Feb 5, 2024 - Feb 7, 2024
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."
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.
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.
| IPO Date | February 5, 2024 to February 7, 2024 |
| Listing Date | Monday, February 12, 2024 |
| Face Value | ₹1 per share |
| Price Band | ₹147 to ₹155 per share |
| Lot Size | 96 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 Discount | Rs 7 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 174,661,760 |
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.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 96 | ₹14,880 |
| Retail (Max) | 13 | 1248 | ₹193,440 |
| S-HNI (Min) | 14 | 1344 | ₹208,320 |
| S-HNI (Max) | 67 | 6432 | ₹996,960 |
| B-HNI (Min) | 68 | 6528 | ₹1,011,840 |
| QIB Shares Offered | Not more than 75% of the Net Issue |
| Retail Shares Offered | Not less than 10% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
| IPO Open Date | Monday, February 5, 2024 |
| IPO Close Date | Wednesday, February 7, 2024 |
| Basis of Allotment | Thursday, February 8, 2024 |
| Initiation of Refunds | Friday, February 9, 2024 |
| Credit of Shares to Demat | Friday, February 9, 2024 |
| Listing Date | Monday, February 12, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 7, 2024 |
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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 Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 | 30 Sep 2023 |
|---|---|---|---|---|
| Assets | 1280.34 | 1275.18 | 1361.79 | 1382.51 |
| Revenue | 190.29 | 267.83 | 524.43 | 272.31 |
| Profit After Tax | -75.88 | -28.20 | 48.06 | 22.95 |
| Net Worth | 536.28 | 508.51 | 555.68 | 578.71 |
| Reserves & Surplus | 518.81 | 491.05 | 538.22 | 561.24 |
| Total Borrowing | 593.44 | 622.68 | 566.68 | 597.09 |
| KPI | Values |
|---|---|
| Market Cap (₹ Cr.) | 3307 |
| EPS (Rs) | 2.75 |
| Debt/ Equity | 0.99 |
| RoNW | 9.03% |
The company intends to utilize the Net Proceeds for the following purposes:
Prospectus: Official documents that provide detailed information about the IPO and the company. Apeejay Surrendra Park Hotels DRHP and Apeejay Surrendra Park Hotels RHP.
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.
Companies go public to raise capital for expansion, reduce debt, or for other corporate purposes. It also provides liquidity to existing shareholders.
The price range for the"Apeejay Surrendra Park Hotels Limited" IPO is ₹147 to ₹155 per share.
The "Apeejay Surrendra Park Hotels Limited" IPO is expected to be listed on Monday, 12 February, 2024.
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