The Apeejay Surrendra Park date has been confirmed from February 5, 2024 and closes on February 7, 2024.
Apeejay Surrendra Park Developers IPO is a fixed price issue of Rs 920.00 crores. The price band is set at ₹147 to ₹155 per share. The minimum lot size for an application is 96 Shares. The minimum amount of investment required by retail investors is ₹14,880. The minimum lot size investment for sNII is 14 lots (1,344 shares), amounting to ₹208,320, and for bNII, it is 68 lots (6,528 shares), amounting to ₹1,011,840.
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Bidding Dates
Feb 5-Feb 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 is ₹38.
IPO Overview
Apeejay Surrendra Park IPO is a book-built issuance worth Rs 920.00 crore. The offering consists of a fresh issuance of Rs 600.00 crores and an offer for sale of Rs 320.00 crore. Apeejay Surrendra Park’s initial public offering (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 preliminary listing 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
Apeejay Surrendra Park Hotels Limited, founded in 1987, operates in the hospitality industry under the brand names “THE PARK”, “THE PARK Collection”, “Zone by The Park”, “Zone Connect by The Park”, and “Stop by Zone”. The company also operates in the retail food and beverage market under the name ‘Flurys’. As of March 31, 2023, the company operated 80 restaurants, nightclubs, and pubs, providing a diverse range of gastronomic experiences. The company now operates 27 hotels across several categories, including premium boutique,
upmarket, and upper midscale. These hotels are located in locations across India, including Kolkata, New Delhi, Chennai, Hyderabad, Bangalore, Mumbai, Coimbatore, Indore, Goa, Jaipur, Jodhpur, Jammu, Navi Mumbai, Visakhapatnam, Port Blair, and Pathankot, with a total of 2,111 rooms as of August 2023. The company owns restaurants under the names 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 had 1,923 employees.
Registrar Info
| Name | Link Intime India Private Ltd |
| Phone number | +91-22-4918 6270 |
| Email ID | parkhotels.ipo@linkintime.co.in |
| 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 Strenghts
- 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.
