Apeejay Surrendra Park Hotels Limited IPO
Apeejay Surrendra Park Hotels Limited IPO is listed on BSE and NSE, priced at ₹147–₹155 per share. The stock debuted at ₹186, delivering a listing gain of 20.0%. The IPO had a lot size of ₹96 shares and a minimum investment of ₹14,880.
Apeejay Surrendra Park Hotels Limited IPO
- IPO Dates
- Feb 5, 2024 – Feb 7, 2024
- Price band
- ₹147-155 per equity share
- Minimum Investment
- ₹14,880
- Issue size
- ₹920 Cr
- Lot size
- 96
- Allotment Date
- Feb 8, 2024
- Listing
- Feb 12, 2024
- Listing At
- BSE, NSE
IPO timeline
-
Feb 5, 2024
Open Date
Completed
-
Feb 7, 2024
Close Date
Completed
-
Feb 8, 2024
Allotment Date
Completed
-
Feb 12, 2024
Listing Date
Completed
Price Summary
- Last closing
- 121.99 (-21.3%)
- 52 week high
- 173.20
- 52 week low
- 95.10
- Last update
Apeejay Surrendra Park Hotels Limited IPO Essentials
Apeejay Surrendra Park Hotels Limited IPO Details
Apeejay Surrendra Park Hotels Limited IPO is priced at ₹147-155 per share with a total issue size of 920 crore. The IPO has a lot size of 96 shares and is listed on BSE and NSE.
- Issue price
- ₹147-155 per equity share
- Lot size
- 96 shares
- Face value
- ₹1 Per Equity Share
- Issue size
- 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) - Total issue size
- 5,93,54,838 shares
(aggregating up to ₹920 crore) - Fresh issue
- 3,87,09,677 shares
(aggregating up to ₹600 crore) - Offer for sale (OFS)
- 2,06,45,161 shares
(aggregating up to ₹320 crore) - Listing at
- BSE, NSE
- List price
- 186.0(NSE)
- Listing date
- Registrar
- Link Intime India Private Ltd
- Lead manager
-
Jm Financial Limited, Axis Bank Limited, ICICI Securities Limited
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 |
| sHNI(min) | 68 | 6,528 | ₹10,11,840 |
Apeejay Surrendra Park Hotels Limited IPO Reservation
Apeejay Surrendra Park Hotels Limited IPO reservation details show category-wise allocation of shares. Out of the total 59,385,352 shares, approximately 29.66% are reserved for QIB, 14.83% for NII, 9.89% for retail investors, and 44.49% for 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%) | |
| bHNI > ₹10L | 5,870,967 (9.89%) | 4,368 |
| sHNI < ₹10L | 2,935,484 (4.94%) | 2,184 |
| Retail Shares Offered | 5,870,968 (9.89%) | 61,155 |
| Total Shares Offered | 59,385,352 (100%) |
Apeejay Surrendra Park Hotels Limited IPO Analytics
Apeejay Surrendra Park Hotels Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Apeejay Surrendra Park Hotels Limited IPO Subscription Status
Apeejay Surrendra Park Hotels Limited IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB |
NII
bHNI
sHNI
|
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 |
3.24x
2.82x
4.09x
|
5.74 x | 2.53 x |
|
Day 2
06-02-24 05:00 PM
|
1.26 x |
10.35x
10.14x
10.78x
|
13.14 x | 5.82 x |
|
Day 3
07-02-24 05:00 PM
|
75.14 x |
52.40x
58.37x
40.44x
|
30.24 x | 59.63 x |
Apeejay Surrendra Park Hotels Limited Valuations
Earnings
- EPS Pre IPO
- ₹2.75/-
- EPS Post IPO
- ₹2.15/-
- P/E Pre IPO
- 56.33
- P/E Post IPO
- 72.05
Returns
- RoNW
- 9.03%
Fundamentals
- Debt / Equity
- 0.99
- Price / Book
- 4.87
Apeejay Surrendra Park Hotels Limited Financials( In Crs.)
| 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 |
Apeejay Surrendra Park Hotels Limited Company & Offer Insights
About Apeejay Surrendra Park Hotels Limited
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 are the company's promoters of Apeejay Surrendra Park Hotels Limited.
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 Information
Contact Details
Apeejay Surrendra Park Hotels Limited
+91 33 2249 9000
https://www.theparkhotels.com/
17, Park Street, Kolkata 700 016
Registrar Contact Details
Frequently Asked Questions
Click any question to reveal the answer
Apeejay Surrendra Park Hotels Limited IPO is a book-built IPO worth ₹920 crore. The price band is ₹147–₹155 per share. The IPO opens on Feb 5, 2024 and closes on Feb 7, 2024. It will be listed on BSE and NSE. Link Intime India Private Ltd is the registrar.
The price band of Apeejay Surrendra Park Hotels Limited IPO is ₹147 to ₹155 per share.
The lot size of Apeejay Surrendra Park Hotels Limited IPO is 96 shares.
The minimum investment for Apeejay Surrendra Park Hotels Limited IPO is approximately ₹14,880 based on the upper price band .
Apeejay Surrendra Park Hotels Limited IPO opens on Feb 5, 2024 and closes on Feb 7, 2024.
The allotment date of Apeejay Surrendra Park Hotels Limited IPO is Feb 8, 2024.
Apeejay Surrendra Park Hotels Limited IPO is expected to be listed on Feb 12, 2024, on BSE and NSE .
Apeejay Surrendra Park Hotels Limited IPO listed on Feb 12, 2024. It was issued at ₹186.0(NSE) and is currently around ₹121.99 as on 14-May-2026 3:30 PM, which is approximately -21.3% versus issue price. The 52-week high is ₹173.20.
Based on listing and post-listing performance, Apeejay Surrendra Park Hotels Limited IPO delivered around -21.3% over issue price. Whether it was worth applying depends on your risk profile, allocation, and holding horizon.
To buy Apeejay Surrendra Park Hotels Limited IPO shares after listing, log in to your broker app (such as Zerodha, Angel One, Groww, Upstox, ICICI Direct), search the stock symbol, place a delivery/CNC order, and confirm quantity and price.
Apeejay Surrendra Park Hotels Limited IPO valuation snapshot: P/E 72.05, EPS ₹2.15/-, P/B 4.87, RoNW 9.03%, and market cap N/A.
To apply for Apeejay Surrendra Park Hotels Limited IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Apeejay Surrendra Park Hotels Limited IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Apeejay Surrendra Park Hotels Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Apeejay Surrendra Park Hotels Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Apeejay Surrendra Park Hotels Limited IPO allotment status on IPO Ji for quick and easy access.