Apeejay Surrendra Park Hotels Limited IPO
MainboardHotels & Resorts
Listed On: Feb 12, 2024 at ₹ 186.0(NSE)
₹ 14880 /96 Shares
Check Allotment05 Feb, 2024
Open Date07 Feb, 2024
Close Date08 Feb, 2024
Allotment Date12 Feb, 2024
Listing DatePrice Summary
Last Closing
132.61 (-14.45%)52 Week High
206.2052 Week Low
126.91Last Update
17-Dec-2025 3:30 PMApeejay Surrendra Park Hotels Limited IPO Issue Details
- Issue Price ₹147-155 per equity share
- Face Value ₹1 Per Equity Share
- Total Issue Size 5,93,54,838 shares(aggregating up to ₹920 crore)
- Fresh Share 3,87,09,677 shares(aggregating up to ₹600 crore)
- Offer For Sale 2,06,45,161 shares(aggregating up to ₹320 crore)
- Listing at BSE, NSE
- List Price 186.0(NSE)
- Listing Date 2024-02-12
-
Lead Manager
Jm Financial Limited
Axis Bank Limited
ICICI Securities Limited - Registrar Link Intime India Private Ltd
Market Lot Size
Investors can bid for a minimum of 96 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 96 | ₹14,880 |
| Retail(max) | 13 | 1,248 | ₹1,93,440 |
| SHNI(min) | 14 | 1,344 | ₹2,08,320 |
| SHNI(max) | 67 | 6,432 | ₹9,96,960 |
| BHNI(min) | 68 | 6,528 | ₹10,11,840 |
Apeejay Surrendra Park Hotels Limited IPO Reservation
Apeejay Surrendra Park Hotels Limited IPO offers total 59,385,352 shares. Out of which 17,612,903 (29.66%) allocated to QIB, 8,806,452 (14.83%) allocated to NII,5,870,968 (9.89%) allocated to RII, NA (NA%) allocated to employees and 26,419,354 (44.49%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 26,419,354 (44.49%) | |
| QIB Shares Offered | 17,612,903 (29.66%) | |
| NII (HNI) Shares Offered | 8,806,452 (14.83%) | |
| bNII > ₹10L | 5,870,967 (9.89%) | |
| sNII < ₹10L | 2,935,484 (4.94%) | |
| Retail Shares Offered | 5,870,968 (9.89%) | |
| Total Shares Offered | 59,385,352 (100%) |
Apeejay Surrendra Park Hotels Limited IPO Details
Apeejay Surrendra Park Hotels Limited IPO is a book-built issue of ₹920 crores, The total issue size is ₹920 crores. The IPO of Apeejay Surrendra Park Hotels Limited is priced at ₹147-155 per equity share, which has a face value of ₹1 Per Equity Share each, IPO bidding starts from Feb 5, 2024 and ends on Feb 7, 2024. The allotment for Apeejay Surrendra Park Hotels Limited IPO will be finalized on Feb 8, 2024. Apeejay Surrendra Park Hotels Limited IPO will be listed on BSE, NSE, with a tentative listing date fixed as Feb 12, 2024. The company shall list its equity shares on the BSE, NSE. Link Intime India Private Ltd is the registrar of the issue.
Retail investors can bid for a minimum of 96 shares, extendable to 14,880. S-HNIs will be able to bid for 1,344 shares at ₹2,08,320, while B-HNIs can also apply for a bid of 6,528 shares at ₹10,11,840. The book-running lead manager for the IPO is/are Jm Financial Limited, Axis Bank Limited, ICICI Securities Limited.
The total issue ₹920 crore, comprising a fresh issue of 3,87,09,677 shares ₹600 crore and having Offer for Sale (OFS) of 2,06,45,161 shares to mop up ₹320 crore.
The Apeejay Surrendra Park Hotels Limited IPO sets its price band at 147-155 for each share. A single application for Apeejay Surrendra Park Hotels Limited IPO must contain at least 96 shares. Sentiment investors need to invest a minimum of 96 through their retail account. For investors to prevent oversubscription issues, they should submit bids at the cutoff price, which estimates about ₹14,880 In order to participate in the sNII, investors must purchase at least 14 lots of 1,344 shares for ₹2,08,320, while the bNII requires 68 lots of 6,528 shares for an investment of ₹10,11,840.
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Apeejay Surrendra Park Hotels Limited IPO Subscription Analysis And Details
| As on | QIB | NII
bNII sNII |
Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 17,612,903 |
8,806,452
5,870,967 2,935,484 |
5,870,968 | 32,965,998 |
|
Day 1
05-02-24 05:00 PM
|
1.17 x |
3.24
2.82 x 4.09 x |
5.74 x | 2.53 x |
|
Day 2
06-02-24 05:00 PM
|
1.26 x |
10.35
10.14 x 10.78 x |
13.14 x | 5.82 x |
|
Day 3
07-02-24 05:00 PM
|
75.14 x |
52.40
58.37 x 40.44 x |
30.24 x | 59.63 x |
Apeejay Surrendra Park Hotels Limited Valuations
Apeejay Surrendra Park Hotels Limited Company Financials
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|
| Assets | 1,361.79 | 1,275.18 | 1,280.34 |
| Revenue | 524.43 | 267.83 | 190.29 |
| Profit After Tax | 48.06 | -28.20 | -75.88 |
| Net Worth | 555.68 | 508.51 | 536.28 |
| Reserves & Surplus | 538.22 | 491.05 | 518.81 |
| Total Borrowing | 566.88 | 622.68 | 593.44 |
About Apeejay Surrendra Park Hotels Limited Company
Incorporated in 1987, Apeejay Surrendra Park Hotels Limited is a hospitality company engaged in the hospitality business operating under the brand names of THE PARK, THE PARK Collection, Zone by The Park, Zone Connect by The Park and Stop by Zone. The company also engages in the business of retail food and beverage industry through its retail brand 'Flurys.
The company operates 80 restaurants, night clubs and bars as of March 31, 2023, offering a wide selection of culinary experiences.
The company currently operates 27 hotels, spread across categories such as luxury boutique, upscale, and upper midscale. These hotels are present in various cities in India, including Kolkata, New Delhi, Chennai, Hyderabad, Bangalore, Mumbai, Coimbatore, Indore, Goa, Jaipur, Jodhpur, Jammu, Navi Mumbai, Visakhapatnam, Port Blair, and Pathankot, offering a total of 2,111 rooms as of August 2023.
It has restaurants under the brand name of Zen, Lotus, Aish, Saffron, Fire, Italia, 601, The Bridge, The Street, Verandah, Vista, Bamboo Bay, Monsoon, Mist, Love and Bazaar.
It has a total of 1,923 employees as of June 2023.
Apeejay Surrendra Park Hotels Limited - Promoter(s)
Karan Paul
Priya Paul
Apeejay Surrendra Trust
Great Eastern Stores Private Limited
Pre Issue Share Holding : 94.18%
Post Issue Share Holding : 68.13%
Apeejay Surrendra Park Hotels Limited IPO - Issue Objectives
Repayment/ prepayment, in full or in part of certain outstanding borrowings availed by the Company
General corporate purposes
Apeejay Surrendra Park Hotels Limited IPO - Anchor Investors
Apeejay Surrendra Park Hotels IPO | Anchor investors pick Rs 409 crore worth shares.
Marquee investors like Troo Capital, Carnelian Capital, Julius Baer India, Citigroup Global, Integrated Core Strategies, and Societe Generale invested in the company through anchor book.
Domestic investors including Nippon Life India, ICICI Prudential Mutual Fund, 360 One Special Opportunities Fund, HDFC Life Insurance Company, Quant Mutual Fund, Whiteoak Capital, Mirae Asset, Bandhan Mutual Fund, Edelweiss Trusteeship, Kotak Mahindra Life Insurance Company, Marquee investors like Troo Capital, Carnelian Capital, Julius Baer India, Citigroup Global, Integrated Core Strategies, and Societe Generale invested in the company through anchor book.
Apeejay Surrendra Park Hotels Limited IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Apeejay Surrendra Park Hotels Limited | 2.75 | 2.75 | 31.81 | N/A | 8.65 | N/A | Consolidated |
| Chalet Hotels Ltd | 9.06 | 9.06 | 75.33 | 54.38 | 12.03 | N/A | Consolidated |
| Lemon Tree Hotels Ltd | 1.45 | 1.45 | 10.78 | 65.3 | 16.46 | N/A | Consolidated |
| Indian Hotels Company Limited | 7.06 | 7.06 | 56.2 | 54.82 | 13.19 | N/A | Consolidated |
| EIH Limited | 5.03 | 5.03 | 53.96 | 41.75 | 9.75 | N/A | Consolidated |
| Samhi Hotels Limited | -47.48 | -47.48 | 2.51 | N/A | N/A | N/A | Consolidated |
Notes:
- P/E Ratio has been computed based on the closing market price of equity shares on BSE on August 11, 2023, divided by the Diluted EPS for the year ended March 31, 2023.
- Return on Net Worth (RoNW) is calculated as restated profit/(loss) for the year attributable to equity holders divided by net worth at the end of the year.
- Net Asset Value (NAV) per share is calculated as net worth attributable to equity holders divided by the number of outstanding equity shares at the end of the year.
- Net worth represents the aggregate value of the paid-up equity share capital, all reserves created out of profits and securities premium, and debit or credit balance of profit and loss account, after deducting accumulated losses as per the Restated Consolidated Summary Statements.
Contact Details
Apeejay Surrendra Park Hotels Limited
17, Park Street, Kolkata 700 016
+91 33 2249 9000
Registrar Contact Details
Apeejay Surrendra Park Hotels Limited IPO - FAQs
Ans. Apeejay Surrendra Park Hotels Limited IPO is a Mainboard IPO. The issue is priced at ₹147-155 per equity share. The minimum order quantity is 96 Shares. The IPO opens on Feb 5, 2024, and closes on Feb 7, 2024. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Ans. The Apeejay Surrendra Park Hotels Limited IPO opens on Feb 5, 2024 and closes on Feb 7, 2024.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Apeejay Surrendra Park Hotels Limited IPO is Total ₹920 Cr : #Fresh Issue : 38,709,677 shares(aggregating up to ₹600.00 Cr) + #OFS : 20,645,161 shares of ₹1(aggregating up to ₹320 Cr).
Ans. The Apeejay Surrendra Park Hotels Limited IPO price band is set between ₹147-155 per equity share.
Ans. To apply for Apeejay Surrendra Park Hotels Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Apeejay Surrendra Park Hotels Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Apeejay Surrendra Park Hotels Limited IPO is Feb 8, 2024.
Ans. The Apeejay Surrendra Park Hotels Limited IPO will be listed on Feb 12, 2024.
Ans. Follow the steps to check the Apeejay Surrendra Park Hotels Limited IPO allotment status online.
