Apeejay Surrendra Park Hotels Ltd
Price Range
₹147 - ₹155
Min. Quantity
96
Closes on
7 February 2024
Min. investment
₹14,880/1,248 Shares
Apeejay Surrendra Park Hotels Ltd IPO Timeline
Apeejay Surrendra Park Hotels Limited was formerly incorporated on November 27, 1987, as Budget Hotels Limited, issued by the Registrar of Companies, Bangalore at Karnataka. Subsequently, pursuant to an Acquisition Agreement dated May 5, 1999 entered into between Apeejay Hotels Delhi and the Erstwhile Shareholders of the Company, entire Issued and Paid Up Equity Share Capital of the Company, of the Company constituting 571,940 Equity Shares of Face Value of Rs. 100 each was acquired by Apeejay Hotels Delhi and Company became wholly owned subsidiary of Apeejay Hotels Delhi. Subsequently, Apeejay Hotels Delhi, and Gemini Hotels and Holdings Limited (a wholly owned subsidiary of Apeejay Hotels Delhi) amalgamated with Company, on April 1, 2001. And thereafter, name of the Company got changed from Budget Hotels Limited to Apeejay Surrendra Park Hotels Limited, on March 29, 2004 vide Certificate of Incorporation issued by the RoC.
| Event | Date |
|---|---|
| Apeejay Surrendra Park Hotels Ltd IPO Opening Date | 5 February 2024 |
| Apeejay Surrendra Park Hotels Ltd IPO Closing Date | 7 February 2024 |
| Basis of Allotment | 8 February 2024 |
| Initiation of Refunds | 9 February 2024 |
| Credit of Shares to Demat | 9 February 2024 |
| Apeejay Surrendra Park Hotels Ltd IPO Listing Date | 12 February 2024 |
Apeejay Surrendra Park Hotels Ltd IPO Details
| Apeejay Surrendra Park Hotels Ltd IPO Date | 5 February 2024 to 7 February 2024 |
| Apeejay Surrendra Park Hotels Ltd IPO Face Value | ₹1 per share |
| Apeejay Surrendra Park Hotels Ltd IPO Price | ₹147 to ₹155 per share |
| Apeejay Surrendra Park Hotels Ltd IPO Lot Size | 96 |
| Issue Size | Shares of ₹1 (aggregating up to ₹920 Cr) |
| Fresh Issue | Shares of ₹1 (aggregating up to ₹600 Cr) |
| Offer for Sale | Shares of ₹1 (aggregating up to ₹320 Cr) |
| Issue Type | (Book Built Portion) |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 1,85,71,428 of the Net Offer |
| Retail Shares Offered | Not less than 61,90,476 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 92,85,714 of the Net Offer |
| Company Promoters | Karan Paul, Priya Paul, Apeejay Surendra Trust |
Apeejay Surrendra Park Hotels Ltd IPO Lot Size
The Apeejay Surrendra Park Hotels Ltd IPO lot size is 96 shares. A retail-individual investor can apply for up to 13 lots (1,248 shares or ₹1,93,440).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 96 | ₹14,880 |
| Maximum | 13 | 1,248 | ₹1,93,440 |
- Strengths
- Risks
- Opportunities
- The Company has built successful hospitality brands through product innovation and service excellence to attract customer through a diversified and holistic offering.
- A diversified Pan India portfolio of owned, leased and managed hotels that are strategically located across metros and emerging cities.
- High occupancy rate and REVPAR with a strong financial and operational track record.
- High F&B and Entertainment contributions which adds to stable and non-cyclical earnings while complementing the hotel business.
- "Flurys" is an iconic brand with a successful and profitable track record of industry leading EBITDA margins.
- Dedicated and experienced leadership team with high standards of corporate governance.
Company Financials
Apeejay Surrendra Park Hotels Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 1,454.29 | 568.29 | 65.78 |
| 03-2023 | 1,344.96 | 506.12 | 47.72 |
| 03-2022 | 1,259.24 | 254.62 | -29.87 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Repayment/prepayment in full or in part of certain outstanding borrowings availed by the company
- General Corporate Purposes
Apeejay Surrendra Park Hotels Ltd IPO Promoter Holding
| Pre Issue Share Holding | - |
| Post Issue Share Holding | - |
Apeejay Surrendra Park Hotels Ltd IPO Subscription Status (Bidding Detail)
The Apeejay Surrendra Park Hotels Ltd IPO is subscribed 59.66 times on 7 February 2024 05:00:00 PM. The public issue subscribed 30.35 times in the retail category, 75.14 times in the QIB category, and 52.41 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 75.14 | 52.41 | 30.35 | 5.42 | 59.66 |
Apeejay Surrendra Park Hotels Ltd IPO Prospectus
Apeejay Surrendra Park Hotels Ltd IPO Listing Date
| Listing Date | 12 February 2024 |
| BSE Script | 544111 |
| NSE Symbol | PARKHOTELS |
| Listing In | BSE, NSE |
| ISIN | INE988S01028 |
| IPO Price | ₹155 |
| Face Value | ₹1 |
Company Contact Information
# 17 Park Street,Kolkata-700016
Phone: 91-33-2249 9000
Email: investorrelations@asphl.in
Website: www.theparkhotels.com
Apeejay Surrendra Park Hotels Ltd IPO Registrar
Apeejay Surrendra Park Hotels Ltd IPO Lead Manager(s)
- JM Financial Ltd
- Axis Capital Ltd
- ICICI Securities Ltd
FAQ
What is the issue size of Apeejay Surrendra Park Hotels Ltd IPO?
I have pre-applied for Apeejay Surrendra Park Hotels Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.