BSE & NSE
05 Feb - 07 Feb '24
₹147 - ₹155
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.
|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
|12th February 2024
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.
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:
Check out the financial performance of Apeejay Surrendra Park Hotels for recent years:
|Rs 1280.34 crore
|Rs 190.29 crore
|Rs -75.15 crore
|Rs 1275.18 crore
|Rs 267.83 crore
|Rs -28.20 crore
|Rs 1361.79 crore
|Rs 190.29 crore
|Rs 48.06 crore
You can apply for the Apeejay Surrendra Park Hotels Ltd. IPO in these ways:
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.
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).