Apeejay Surrendra Park Hotels Limited
Mainboard₹14,880 / 96 Shares
Apeejay Surrendra Park Hotels Limited IPO Details
The Apeejay Surrendra Park Hotels Limited IPO price band is set between ₹147-155 per equity share, with a face value of ₹1 per share. The issue is managed by Link Intime India Private Ltd, and the equity shares are proposed to be listed on the Mainboard.
The IPO date for subscription opens on 5 Feb, 2024 and closes on 7 Feb, 2024. Investors can check the allotment status on 8 Feb, 2024, while the listing date is tentatively scheduled for 12 Feb, 2024.
The total issue size is Total ₹920 Cr :#Fresh Issue : 38,709,677 shares, aggregating up to ₹600.00 Cr. Stay tuned for the latest Apeejay Surrendra Park Hotels Limited IPO review and GMP updates.
Apeejay Surrendra Park Hotels Limited IPO Review, Rating & Analysis
Apeejay Surrendra Park Hotels Limited IPO Review
NO REVIEWApeejay Surrendra Park Hotels Limited IPO Rating
Apeejay Surrendra Park Hotels Limited IPO Highlights
IPO Date
Feb 5, 2024 - Feb 7, 2024
Listing Date
12 Feb, 2024
Face Value
₹1 Per Equity Share
Price Band
₹147-155 per equity share
Lot Size
96 Shares
Fresh Issue
38,709,677 Shares
Offer for Sale
20,645,161 shares of ₹1
Listing At
BSE, NSE
Apeejay Surrendra Park Hotels Limited IPO Lot Size
The minimum market lot for Apeejay Surrendra Park Hotels Limited IPO is 96 shares with an application amount of ₹14,880. Retail investors can apply for up to 13 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 96 | ₹14,880 |
| Retail (Max) | 13 | 1248 | ₹1,93,440 |
| S-HNI (Min) | 14 | 1344 | ₹2,08,320 |
| S-HNI (Max) | 67 | 6432 | ₹9,96,960 |
| B-HNI (Min) | 68 | 6528 | ₹10,11,840 |
Apeejay Surrendra Park Hotels Limited IPO Timeline
Issue Price
₹147-155 per equity shareFace Value
₹1 Per Equity ShareListing at Group
BSE, NSERegistrar
Link Intime India Private LtdLead Manager
Jm Financial LimitedAxis Bank LimitedICICI Securities LimitedIssue Size
Total ₹920 Cr :#Fresh Issue : 38,709,677 shares(aggregating up to ₹600.00 Cr) +
#OFS : 20,645,161 shares of ₹1(aggregating up to ₹320 Cr)
Apeejay Surrendra Park Hotels Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 23 | 1361.79 | 524.43 | 48.06 | - | - | - |
| 31 Mar 22 | 1275.18 | 267.83 | -28.20 | - | - | - |
| 31 Mar 21 | 1280.34 | 190.29 | -75.88 | - | - | - |
All values are in ₹ Cr.
Promoters & Share Holding
Promoter(s) Name
- Karan Paul
- Priya Paul
- Apeejay Surrendra Trust
- Great Eastern Stores Private Limited
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 94.18% | 68.13% |
About Company
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 IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 17,612,903 | 8,806,452 5,870,967 2,935,484 | 5,870,968 | 32,965,998 |
Day 1 -05-02-24 05:00 PM | 1.17 x | 3.24 2.82 x 4.09 x | 5.74 x | 2.53 x |
Day 2 -06-02-24 05:00 PM | 1.26 x | 10.35 10.14 x 10.78 x | 13.14 x | 5.82 x |
Day 3 -07-02-24 05:00 PM | 75.14 x | 52.40 58.37 x 40.44 x | 30.24 x | 59.63 x |
Frequently Asked Questions about Apeejay Surrendra Park Hotels Limited IPO
When will Apeejay Surrendra Park Hotels Limited IPO open for subscription?
The Apeejay Surrendra Park Hotels Limited IPO opens on 5 Feb, 2024 and closes on 7 Feb, 2024.
What is the investors portion for Apeejay Surrendra Park Hotels Limited IPO?
The investors' portion for QIB is 75.14 x, NII is 58.37 x, and Retail is 30.24 x.
How to apply for Apeejay Surrendra Park Hotels Limited IPO?
You can apply for Apeejay Surrendra Park Hotels Limited IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Apeejay Surrendra Park Hotels Limited IPO?
The issue size of Apeejay Surrendra Park Hotels Limited IPO is approx ₹Total ₹920 Cr :#Fresh Issue : 38,709,677 shares(aggregating up to ₹600.00 Cr) +#OFS : 20,645,161 shares of ₹1(aggregating up to ₹320 Cr) crores.
What is the price band of Apeejay Surrendra Park Hotels Limited IPO?
The price band for Apeejay Surrendra Park Hotels Limited IPO is ₹147 to ₹155 per equity share.
What is the lot size of Apeejay Surrendra Park Hotels Limited IPO?
The minimum bid (lot size) for Apeejay Surrendra Park Hotels Limited IPO is N/A shares with an investment of approx ₹14,880 .
What is the allotment date of Apeejay Surrendra Park Hotels Limited IPO?
The allotment date for Apeejay Surrendra Park Hotels Limited IPO is 8 Feb, 2024.
What is the listing date of Apeejay Surrendra Park Hotels Limited IPO?
The listing date for Apeejay Surrendra Park Hotels Limited IPO is expected to be 12 Feb, 2024.
What is the GMP of Apeejay Surrendra Park Hotels Limited IPO?
The latest Grey Market Premium (GMP) for Apeejay Surrendra Park Hotels Limited IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.