Apeejay Surrendra Park Hotels Ltd. IPO

Apeejay Surrendra Park Hotels Ltd.

IPO Listing Details

Listed On

BSE & NSE

Listed On

Issue Price

₹155

Issue Price

Listing Price

₹187

Listing Price

Listing Gains

+₹32.00 (+20.65%)

Listing Gains

IPO Details

Bidding Dates

05 Feb - 07 Feb '24

Bidding Dates

Min. Investment

₹14,112

Min. Investment

Lot Size

96.00

Lot Size

Price Range

₹147 - ₹155

Price Range

Issue Size

873 Cr

Issue Size

Subscription Rate

  • Retail Individual Investor
    30.35x
  • Non-Institutional Investor
    52.41x
  • Qualified Institutional Buyers
    75.14x
  • Employees
    5.42x


About Company

Apeejay Surrendra Park Hotels Limited was founded in 1987 and is a hospitality company that operates under the brands "THE PARK," "THE PARK Collection," "Zone by The Park," "Zone Connect by The Park," and "Stop by Zone." Through its retail brand "Flurys," the corporation is also involved in the food and beverage retail market. The company has 80 restaurants, pubs, and nightclubs running as of March 31, 2023, providing a variety of culinary experiences. At the moment, the company runs 27 hotels, which are divided into several categories like upper midscale, upmarket, and luxury boutique. These hotels are located in several Indian cities, such as Goa, Coimbatore, Indore, Hyderabad, Bangalore, Mumbai, Kolkata, New Delhi, Chennai, Jammu, Navi Mumbai and many more.

Important Dates - Apeejay Surrendra Park Hotels IPO

Application opens on 5th February 2024
Last date of application 7th February 2024
Date of Allotment 8th February 2024
Refund begins from 9th February 2024
Credit of shares to Demat 9th February 2024
Listing date 12th February 2024

Why should you invest in Apeejay Surrendra Park Hotels Ltd. IPO?

This IPO, which is a niche player and the segment leader in occupancy count, is expected to draw interest after listing. Most of the funds received from the primary issue will be used to reduce the company's debts. With aspirations to expand, it is well-positioned for promising futures. Investors may put money aside for potential medium- to long-term gains.

 

Apeejay Surrendra Park Hotels IPO Grey Market Premium

Date GMP
03rd February Rs.70
02nd February Rs.70
01 February Rs.44

 

Apeejay Surrendra Park Hotels IPO Noteworthy Highlights

The IPO consists of an OFS component for shares valued at Rs 320 crore and a new issue of shares valued at Rs 600 crore.

The following goals are what the company plans to fund with the Net Proceeds:

  1. Repayment or prepayment, in whole or in part, of some outstanding loans that the business has taken out
  2. General corporate purposes


Apeejay Surrendra Park Hotels Ltd. IPO - SWOT Analysis

Strengths

  1. The business has effectively developed hospitality brands by using cutting edge products and first-rate customer service to draw clients with a broad and comprehensive offering.
  2. It has a portfolio of owned, leased, and managed hotels throughout India.
  3. The occupancy rate and REVPAR of the company are strong.
  4. A solid operational and financial history.

 

Weaknesses

  1. A significant share of income is derived from both corporate clients and individuals seeking leisure services.
  2. The corporation has disclosed adverse cash flow figures.
  3. There are substantial demands for working capital.

 

Opportunities

  1. Additionally, its contributions from Food and Beverage (F&B) and Entertainment sectors bolster consistent and resilient profits, enhancing the hotel business.
  2. The company boasts a committed and seasoned leadership team renowned for upholding rigorous standards of corporate governance.

 

Threats

  1. The company faces risks linked to delays in the development of its hotel properties and land holdings.
  2. Previous financial reports have indicated revised losses.
  3. Some hotels are mortgaged with lenders, and the title deeds of certain properties are not held in the company's name.

 

Financial Snapshot - Apeejay Surrendra Park Hotels IPO

Check out the financial performance of Apeejay Surrendra Park Hotels for recent years:

Financial Year Total Assets Total Revenues Net Profit
March 2021 Rs 1280.34 crore Rs 190.29 crore Rs -75.15 crore
March 2022 Rs 1275.18 crore Rs 267.83 crore Rs -28.20 crore
March 2023 Rs 1361.79 crore Rs 190.29 crore Rs 48.06 crore



How to apply for Apeejay Surrendra Park Hotels Ltd. IPO?

You can apply for the Apeejay Surrendra Park Hotels Ltd. IPO in these ways:

UPI
Link your personal bank A/C to a trusted UPI ID and map it with your TradeSmart account. Now, proceed further to book your IPO. On acceptance of the mandate, the bid amount will get blocked in your bank account Learn more.

Demat Account

1. If you are an Existing TradeSmart demat account holder and wish to apply for an Apeejay Surrendra Park Hotels Ltd. click here.
2. If you don't have a TradeSmart Account? Sign up.

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Apeejay Surrendra Park Hotels Ltd. IPO FAQs

What are the opening and closing dates for Apeejay Surrendra Park Hotels IPO?

Apeejay Surrendra Park Hotels IPO will open for subscription on February 5 and close on February 7.

What is the price band for Apeejay Surrendra Park Hotels IPO?

The price band for Apeejay Surrendra Park Hotels IPO is ₹147 to ₹155 per share.

Who is taking part in the OFS?

The shares in the OFS are being offered by Apeejay Surrendra Trust, Apeejay Pvt Ltd, RECP IV Park Hotel Investors Ltd, and RECP IV Park Co-Investors Ltd.

What is the minimum and maximum lot size for the Apeejay Surrendra Park Hotels IPO?

The minimum lots for retail is 1 and the maximum is 13. 

Who are Apeejay Surrendra Park Hotels IPO Lead Managers?

JM Financial, Axis Capital and ICICI Securities are the joint Book Running Lead Managers (BRLMs) to the issue.

Who is the registrar of the issue?

Link Intime India  is the registrar for Apeejay Surrendra Park Hotels IPO.

When will the Apeejay Surrendra Park Hotels IPO allotment take place?

The finalisation of the basis of allotment for Apeejay Surrendra Park Hotels IPO will be done on February 8 2024, and the allotted shares will be credited to investors’ demat accounts by February 9.

When and where will the Apeejay Surrendra Park Hotels shares be listed?

The equity shares of Apeejay Surrendra Park Hotels are proposed to be listed on February 12 ,2024, on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).

 

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