The Apeejay Surrendra Park IPO date has been confirmed from February 5, 2024, and closes on February 7, 2024. Read the post to learn about Apeejay Surrendra IPO GMP.
Apeejay Surrendra Park Developers IPO is a fixed price issue of Rs 920.00 crores. The share price range is fixed at ₹147 to ₹155. A minimum of 96 shares is required for an application lot size. Retail investors are required to invest a minimum of ₹14,880. For both sNII and bNII, the minimum lot size investment is ₹208,320 for 14 lots (1,344 shares) and ₹1,011,840 for 68 lots (6,528 shares).
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Key Details Of Apeejay Surrendra Park Hotels IPO:
Bidding Dates
Feb 5-7
Price Range
₹147 to ₹155 per share
Face Value
₹1 per share
GMP
₹38
Apeejay Surrendra Park IPO GMP
The Apeejay Surrendra Park IPO GMP Today is ₹38.
Apeejay Surrendra Park IPO Overview
Apeejay Surrendra Park IPO is a book- erected allocation worth Rs920.00 crore. The immolation consists of a fresh allocation of Rs 600.00 crores and an offer for trade of Rs320.00 crore. Apeejay Surrendra Park’s original public immolation( IPO) will begin on February 5, 2024 and terminate on February 7, 2024. The allotment for the Apeejay Surrendra Park IPO is slated to be completed on Thursday, February 8, 2024. Apeejay Surrendra Park IPO will be listed on the BSE and NSE, with a primary table date set for Monday, February 12, 2024
Apeejay Surrendra Park’s IPO price band is ₹147 to ₹155 per share. The minimum lot size for an application is 96 shares. The minimum investment for retail investors is ₹14,880. The minimum lot size investment for sNII is 14 lots (1,344 shares) worth ₹208,320, while for bNII it is 68 lots (6,528 shares) for ₹1,011,840.
Apeejay Surrendra Park IPO Details
| IPO Date | February 5, 2024 to February 7, 2024 |
| Listing Date | [.] |
| 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 of ₹1 (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 |
Apeejay Surrendra Park Limited Financial Information
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 1,382.51 | 1,361.79 | 1,275.18 | 1,280.34 |
| Revenue | 272.31 | 524.43 | 267.83 | 190.29 |
| Profit After Tax | 22.95 | 48.06 | -28.20 | -75.88 |
| Net Worth | 578.71 | 555.68 | 508.51 | 536.28 |
| Reserves and Surplus | 561.24 | 538.22 | 491.05 | 518.81 |
| Total Borrowing | 597.09 | 566.88 | 622.68 | 593.44 |
| Amount in ₹ Crore | ||||
Apeejay Surrendra Park IPO Timeline
| 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 |
Company Profile
Established in 1987, Apeejay Surrendra Park Hotels Limited is a hospitality company that uses the brand names “THE PARK,” “THE PARK Collection,” “Zone by The Park,” “Zone Connect by The Park,” and “Stop by Zone” in its operations. Under the brand name “Flurys,” the company also conducts business in the retail food and beverage sector. The corporation ran eighty restaurants, bars, and nightclubs as of March 31, 2023, offering a wide variety of culinary experiences. Currently, the company runs 27 hotels in various categories, such as upscale boutique,
upper midscale and upscale. With a total of 2,111 rooms as of August 2023, these hotels are spread throughout India, including Kolkata, New Delhi, Chennai, Hyderabad, Bangalore, Mumbai, Coimbatore, Indore, Goa, Jaipur, Jodhpur, Jammu, Navi Mumbai, Visakhapatnam, Port Blair, and Pathankot. Under the titles Zen, Lotus, Aish, Saffron, Fire, Italia, 601, The Bridge, The Street, Verandah, Vista, Bamboo Bay, Monsoon, Mist, Love, and Bazaar, the corporation operates dining establishments. There were 1,923 workers at the company as of June 2023.
Registrar Info
| Name | Link Intime India Private Ltd |
| Phone number | +91-22-4918 6270 |
| Email ID | [email protected] |
| Website | linkintime.co.in |
Contact Details
| Name | Apeejay Surrendra Park Hotels Limited |
| Phone number | +91 33 2249 9000 |
| Email ID | investorrelations @asphl.in |
| Website | theparkhotels.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Apeejay Surrendra Park IPO FAQs
When Apeejay Surrendra Park IPO will open?
The Apeejay Surrendra Park IPO opens on February 5, 2024 and closes on February 7, 2024.
What is the lot size of Apeejay Surrendra Park IPO?
Apeejay Surrendra Park IPO lot size is 96 Shares, and the minimum amount required is ₹14,880.
When is Apeejay Surrendra Park IPO allotment?
The finalization of Basis of Allotment for Apeejay Surrendra Park IPO will be done on Thursday, February 8, 2024, and the allotted shares will be credited to your demat account by Friday, February 9, 2024.
When is Apeejay Surrendra Park IPO listing date?
The Apeejay Surrendra Park IPO listing date is not yet announced. The tentative date of Apeejay Surrendra Park IPO listing is Monday, February 12, 2024.
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