Apeejay Surrendra Park Hotels IPO Description – Established in 1987, Apeejay Surrendra Park Hotels thrives in the realm of hospitality, showcasing its prowess under distinctive brand monikers such as ‘THE PARK’, ‘THE PARK Collection’, ‘Zone by The Park’, ‘Zone Connect by The Park’, and ‘Stop by Zone’. Beyond the domain of hospitality, the company extends its influence into the retail food and beverage industry, personifying excellence through its retail brand ‘Flurys’.
As of 31 March 2023, the corporation manages a network of 80 restaurants, nightclubs, and bars, presenting an extensive array of culinary delights and experiences. The revenue from the sale of food and beverages, along with the sales of wine and liquor, amounted to INR 228.03 crore, INR 112.65 crore, and INR 79.79 crore for FY 2023, 2022, and 2021, respectively. These figures constitute 43.48%, 42.06%, and 41.93% of the total income during the respective periods.
As of August 2023, Apeejay Surrendra Park Hotels manages 27 hotels spanning luxury boutique, upscale, and upper midscale categories. Its presence is felt across India’s metros, including Kolkata, New Delhi, Chennai, Hyderabad, Bangalore, and Mumbai, as well as in other significant cities like Coimbatore, Indore, Goa, Jaipur, Jodhpur, Jammu, Navi Mumbai, Visakhapatnam, Port Blair, and Pathankot, collectively offering 2,111 rooms.
The corporation possesses dining establishments bearing the brand names 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 boasts a workforce totaling 1,923 employees.
Promoters of Apeejay Surrendra Park Hotels – Karan Paul, Priya Paul, Apeejay Surrendra Trust, and Great Eastern Stores Private Limited
Table of Contents
Apeejay Surrendra Park Hotels IPO Details
| Apeejay Surrendra Park Hotels IPO Dates | 5 – 7 Feb 2024 |
| Apeejay Surrendra Park Hotels IPO Price | INR 147 – 155 per share (Employee Discount – INR 7 per share) |
| Fresh issue | INR 600 crore |
| Offer For Sale | INR 320 crore |
| Total IPO size | INR 920 crore |
| Minimum bid (lot size) | 96 shares (INR 14,880) |
| Face Value | INR 1 per share |
| Retail Allocation | 10% |
| Listing On | BSE, NSE |
Apeejay Surrendra Park Hotels Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 | H1 FY 2024 |
| Revenue | 178.83 | 255.02 | 506.13 | 264.41 |
| Expenses | 262.02 | 309.62 | 458.96 | 238.67 |
| Net income | (75.88) | (28.20) | 48.06 | 22.95 |
| Margin (%) | (42.43) | (11.06) | 9.50 | 8.68 |
Apeejay Surrendra Park Hotels Offer News
- Apeejay Surrendra Park Hotels RHP
- Apeejay Surrendra Park Hotels DRHP
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Apeejay Surrendra Park Hotels Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | (4.34) | (1.61) | 2.75 |
| PE ratio | – | – | 53.45 – 56.36 |
| RONW (%) | (13.23) | (5.40) | 9.03 |
| NAV | 30.70 | 29.11 | 31.81 |
| EBITDA (%) | 12.01 | 21.76 | 33.77 |
| Debt/Equity | 1.09 | 1.21 | 0.99 |
Apeejay Surrendra Park Hotels IPO GMP Today (Daily Trend)
| Date | Day-wise IPO GMP | Kostak | Subject to Sauda |
| 10 February 2024 | 40 | – | – |
| 9 February 2024 | 40 | – | – |
| 8 February 2024 | 40 | – | – |
| 7 February 2024 | 35 | – | – |
| 6 February 2024 | 40 | – | – |
| 5 February 2024 | 65 | – | – |
| 3 February 2024 | 55 | – | – |
| 2 February 2024 | 40 | – | – |
| 1 February 2024 | 30 | – | – |
Apeejay Surrendra Park Hotels IPO Objectives
The company proposes to utilize the Net Proceeds towards funding the following objects:
- Repayment/ prepayment, in full or in part of certain outstanding borrowings availed by the company – INR 550 crore
- General corporate purposes
Apeejay Surrendra Park Hotels IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Employee | Total |
|---|---|---|---|---|---|
| Shares Offered | 18,571,428 | 9,285,714 | 6,190,476 | 714,285 | 34,761,903 |
| 7 Feb 2024 | 75.14 | 52.41 | 30.35 | 5.42 | 59.66 |
| 6 Feb 2024 | 1.26 | 10.35 | 13.14 | 2.09 | 5.82 |
| 5 Feb 2024 | 1.17 | 3.33 | 6.04 | 0.76 | 2.61 |
Apeejay Surrendra Park Hotels – Comparison With Listed Peers
| Company | Face Value | PE ratio | EPS | RONW (%) | NAV | Revenue (Cr.) |
| Apeejay Surrendra Park Hotels | 1 | 56.36 | 2.75 | 9.03 | 31.81 | 506.13 |
| Chalet Hotels | 10 | 54.38 | 9.06 | 12.03 | 75.33 | 1,128.47 |
| Lemon Tree Hotels | 10 | 65.30 | 1.45 | 16.46 | 10.78 | 874.99 |
| Indian Hotels Company | 1 | 54.82 | 7.06 | 13.19 | 56.20 | 5,809.91 |
| EIH Limited | 2 | 41.75 | 5.03 | 9.75 | 53.96 | 2,018.81 |
Apeejay Surrendra Park Hotels IPO Allotment Status
Apeejay Surrendra Park Hotels IPO allotment status will be available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.
Apeejay Surrendra Park Hotels IPO Dates & Listing Performance
| Apeejay Surrendra Park Hotels IPO Opening Date | 5 February 2024 |
| Apeejay Surrendra Park Hotels IPO Closing Date | 7 February 2024 |
| Finalization of Basis of Allotment | 8 February 2024 |
| Initiation of refunds | 9 February 2024 |
| Transfer of shares to demat accounts | 9 February 2024 |
| Apeejay Surrendra Park Hotels IPO Listing Date | 12 February 2024 |
| Opening Price on NSE | INR 186 per share (up 20%) |
| Closing Price on NSE | INR 203.55 per share (up 31.32%) |
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Apeejay Surrendra Park Hotels Offer Lead Manager
JM FINANCIAL LIMITED
7th Floor, Cnergy, Appasaheb Marathe Marg,
Prabhadevi, Mumbai 400 025,
Maharashtra, India
Phone: +91 22 6630 3030
Email:Â [email protected]
Website:Â www.jmfl.com
Apeejay Surrendra Park Hotels Offer Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone:Â +91 810 811 4949
Email:Â [email protected]
Website:Â www.linkintime.co.in
Apeejay Surrendra Park Hotels Contact Details
APEEJAY SURRENDRA PARK HOTELS LIMITED
The Park Hotels, N-80,
Connaught Place, New Delhi – 110 001
Phone:Â +91 33 2249 9000
Email:Â [email protected]
Website: www.theparkhotels.com
Apeejay Surrendra Park Hotels IPO FAQs
How many shares in Apeejay Surrendra Park Hotels IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 75%, NII – 15%, and Retail – 10%.
How to apply in Apeejay Surrendra Park Hotels Public Offer?
The best way to apply in Apeejay Surrendra Park Hotels public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is Apeejay Surrendra Park Hotels IPO GMP today?
Apeejay Surrendra Park Hotels IPO GMP today is INR 40 per share.
What is Apeejay Surrendra Park Hotels kostak rate today?
Apeejay Surrendra Park Hotels kostak rate today is INR NA per application.
What is Apeejay Surrendra Park Hotels Subject to Sauda rate today?
Apeejay Surrendra Park Hotels Subject to Sauda rate today is INR NA per application.
