Apeejay Surrendra Park Hotels IPO GMP, Price, Date, Allotment

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Apeejay Surrendra Park Hotels IPO GMP

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.

Apeejay Surrendra Park Hotels

Promoters of Apeejay Surrendra Park Hotels – Karan Paul, Priya Paul, Apeejay Surrendra Trust, and Great Eastern Stores Private Limited


Apeejay Surrendra Park Hotels IPO Details

Apeejay Surrendra Park Hotels IPO Dates5 – 7 Feb 2024
Apeejay Surrendra Park Hotels IPO PriceINR 147 – 155 per share
(Employee Discount – INR 7 per share)
Fresh issueINR 600 crore
Offer For SaleINR 320 crore
Total IPO sizeINR 920 crore
Minimum bid (lot size)96 shares (INR 14,880)
Face Value INR 1 per share
Retail Allocation10%
Listing OnBSE, NSE

Apeejay Surrendra Park Hotels Financial Performance

 FY 2021FY 2022FY 2023H1 FY 2024
Revenue178.83255.02506.13264.41
Expenses262.02309.62458.96238.67
Net income(75.88)(28.20)48.0622.95
Margin (%)(42.43)(11.06)9.508.68
Figures in INR Crores unless specified otherwise

Apeejay Surrendra Park Hotels Offer News


Apeejay Surrendra Park Hotels Valuations & Margins

FY 2021FY 2022FY 2023
EPS(4.34)(1.61)2.75
PE ratio53.45 – 56.36
RONW (%)(13.23)(5.40)9.03
NAV30.7029.1131.81
EBITDA (%)12.0121.7633.77
Debt/Equity1.091.210.99
*Compiled by IPO Central from Prospectus

Apeejay Surrendra Park Hotels IPO GMP Today (Daily Trend)

DateDay-wise IPO GMPKostakSubject to Sauda
10 February 202440
9 February 202440
8 February 202440
7 February 202435
6 February 202440
5 February 202465
3 February 202455
2 February 202440
1 February 202430

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

CategoryQIBNIIRetailEmployeeTotal
Shares Offered18,571,4289,285,7146,190,476714,28534,761,903
7 Feb 202475.1452.4130.355.4259.66
6 Feb 20241.2610.3513.142.095.82
5 Feb 20241.173.336.040.762.61

Apeejay Surrendra Park Hotels – Comparison With Listed Peers

CompanyFace ValuePE ratioEPSRONW (%)NAVRevenue (Cr.)
Apeejay Surrendra Park Hotels156.362.759.0331.81506.13
Chalet Hotels1054.389.0612.0375.331,128.47
Lemon Tree Hotels1065.301.4516.4610.78874.99
Indian Hotels Company154.827.0613.1956.205,809.91
EIH Limited241.755.039.7553.962,018.81

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 Date5 February 2024
Apeejay Surrendra Park Hotels IPO Closing Date7 February 2024
Finalization of Basis of Allotment8 February 2024
Initiation of refunds9 February 2024
Transfer of shares to demat accounts9 February 2024
Apeejay Surrendra Park Hotels IPO Listing Date12 February 2024
Opening Price on NSEINR 186 per share (up 20%)
Closing Price on NSEINR 203.55 per share (up 31.32%)

Apeejay Surrendra Park Hotels IPO Reviews – Subscribe or Avoid?

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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[email protected]
Website: 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: +91 810 811 4949
Email: [email protected]
Website: 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: +91 33 2249 9000
Email: [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.

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