Apeejay Surrendra Park IPO is a book built issue of Rs 920.00 crores. The issue is a combination of fresh issue of Rs 600.00 crores and offer for sale of Rs 320.00 crores.
Apeejay Surrendra Park IPO opens for subscription on February 5, 2024 and closes on February 7, 2024. The allotment for the Apeejay Surrendra Park IPO is expected to be finalized on Thursday, February 8, 2024. Apeejay Surrendra Park IPO will list on BSE, NSE with tentative listing date fixed as Monday, February 12, 2024.
Apeejay Surrendra Park IPO 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.
Jm Financial Limited, ICICI Securities Limited and Axis Capital Limited are the book running lead managers of the Apeejay Surrendra Park IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Apeejay Surrendra Park IPO RHP for detailed information.
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 IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not less than 75% of the Net Issue |
| Retail Shares Offered | Not more than 10% of the Net Issue |
| NII (HNI) Shares Offered | Not more than 15% of the Net Issue |
Apeejay Surrendra Park IPO Timeline (Tentative Schedule)
Apeejay Surrendra Park IPO opens on February 5, 2024, and closes on February 7, 2024.
| 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 |
Apeejay Surrendra Park IPO Lot Size
Investors can bid for a minimum of 96 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 96 | ₹14,880 |
| Retail (Max) | 13 | 1248 | ₹193,440 |
| S-HNI (Min) | 14 | 1,344 | ₹208,320 |
| S-HNI (Max) | 67 | 6,432 | ₹996,960 |
| B-HNI (Min) | 68 | 6,528 | ₹1,011,840 |
| Lot Size Calculator | |||
Apeejay Surrendra Park IPO Promoter Holding
The promoters of the Company are Karan Paul, Priya Paul, Apeejay Surrendra Trust and Great Eastern Stores Private Limited.
| Share Holding Pre Issue | 94.18% |
| Share Holding Post Issue |
About Apeejay Surrendra Park Hotels Limited
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.
Apeejay Surrendra Park Hotels Limited Financial Information (Restated Consolidated)
Apeejay Surrendra Park Hotels Limited’s revenue increased by 95.81% and profit after tax (PAT) rose by 270.42% between the financial year ending with March 31, 2023 and March 31, 2022.
| 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 | ||||
Key Performance Indicator
The market capitalization of Apeejay Surrendra Park IPO is Rs 3307 Cr.
| KPI | Values |
|---|---|
| Debt/Equity | 0.99 |
| RoNW | 9.03% |
Check Apeejay Surrendra Park IPO Peer Comparison here.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 2.75 |
Objects of the Issue (Apeejay Surrendra Park IPO Objectives)
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 Contact Details
Apeejay Surrendra Park Hotels Limited
17, Park Street,
kolkata
700 016
Phone: +91 33 2249 9000
Email: investorrelations @asphl.in
Website: https://www.theparkhotels.com/
Apeejay Surrendra Park IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: parkhotels.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html