Apeejay Surrendra Park Hotels IPO Complete Details.

Apeejay Surrendra Park Hotels IPO Details: Apeejay Surrendra Park Hotels’ initial public offering (IPO) represents a fresh offer by this hotel chain to raise Rs 1,050 crore through sales of shares to investors, which ranks it second-largest after Chalet Hotels’ Rs 1,641-crore offering in February 2024.

Apeejay Surrendra Park Hotels IPO Complete Details

About Apeejay Surrendra Park Hotels:

Apeejay Surrendra Park Hotels is One of India’s premier hospitality chains, Apeejay Surrendra Park Hotels offers several hotel brands such as The Park Collection by Zone by The Park as well as Zone Connect by The Park – each boasting their own distinct identity within The Park brand portfolio. The company plans on raising capital through an initial public offering (IPO), and has submitted their red herring prospectus draft with SEBI for review and approval.

Since 1971, ASPHL Hospitality Limited (ASPHL) has operated hospitality assets under various brands like THE PARK Collection, Zone by The Park and Stop by Zone. Furthermore, Flurys also provides retail food and beverage offerings and its hotel portfolio primarily targets luxury and upper midmarket segments of India’s market.

This offering will consist of both an initial public offering (IPO) of shares valued at Rs 650 crore and an offer-for-sale (OFS) up to 400 crore. Promoters Apeejay Surrendra Trust and Apeejay Pvt Ltd plan on offloading shares worth between Rs 80 crore and 296 crore through this OFS, with existing shareholders RECP IV Park Hotel Investors/CoInvestors selling up to 23 crore worth of their holdings through this OFS.

This initial public offering (IPO) will take the form of a book-building issue with share prices anticipated to open higher than their floor prices when listed on both BSE and NSE exchanges. JM Financial Limited, Axis Capital Limited and ICICI Securities Limited will serve as book running lead managers of this IPO.

Financials Apeejay Surrendra Park Hotels is India’s eighth-largest hotel chain by assets, having a pan-India presence. It runs hospitality assets under distinct brand names such as “THE Park,” “THE Park Collection,” Zone by the Park,”Zone Connect by the Park,”and Stop by Zone.” Apeejay Surrendra Park Hotels also has retail food and beverage assets under its signature brand, “Flurys.”

This IPO would include both a fresh issue of shares totaling Rs 600 crore and an offer for sale (OFS) of shares worth Rs 320 crore by promoters Apeejay Surrendra Park Trust and Apeejay Pvt Ltd, with shares being offered for an aggregate amount of about Rs 80 crore and 296 crore, respectively.

Apeejay Surrendra Park Hotels IPO Important Dates:

EventDate
Anchor Investors AllotmentFebruary 2, 2024
IPO Open DateFebruary 5, 2024
IPO Close DateFebruary 7, 2024
Basis of AllotmentFebruary 8, 2024
RefundsFebruary 9, 2024
Credit to Demat AccountFebruary 9, 2024
IPO Listing DateFebruary 12, 2024

Apeejay Surrendra Park Hotels IPO Date and Price Band Details:

KeyValue
IPO OpenFebruary 5, 2024
IPO CloseFebruary 7, 2024
IPO SizeApprox ₹920 Crores
Fresh IssueApprox ₹600 Crores
Offer for SaleApprox ₹320 Crores
Face Value₹1 Per Equity Share
IPO Price Band₹[.] to ₹[.] Per Share
IPO Listing onBSE & NSE
Retail Quota10%
QIB Quota75%
NII Quota15%
DRHP Draft ProspectusClick Here

Apeejay Surrendra Park Hotels Financial Report:


Year
202120222023
Revenue₹190.29₹267.83₹524.43
Expense₹262.02₹309.61₹458.96
PAT₹75.88₹28.20₹48.06

Apeejay Surrendra Park Hotels details:

CategoryInformation
Peer GroupPark Hotels Limited
Chalet Hotels Limited
Lemon Tree Hotels Limited
Indian Hotels Company Limited
EIH Limited
Company PromotersKaran Paul
Priya Paul
Apeejay Surrendra Trust
Great Eastern Stores Private Limited.
Apeejay Surrendra Park Hotels IPO RegistrarLink Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: Linkintime
Apeejay Surrendra Park Hotels IPO Allotment Status CheckCheck Apeejay Surrendra Park Hotels IPO allotment status on Linkintime website allotment URL. Click Here
Apeejay Surrendra Park Hotels IPO Lead ManagersJm Financial Limited
Axis Bank Limited
ICICI Securities Limited
Company AddressApeejay Surrendra Park Hotels Limited
17, Park Street, Kolkata 700 016
Phone: +91 33 2249 9000
Email: [email protected]
Website: The Park Hotels

frequently asked question by investor:

When Apeejay Surrendra Park Hotels IPO will open?

The initial public offering (IPO) will open its doors for QIB, NII and retail investors on February 5, 2024.

What is Apeejay Surrendra Park Hotels IPO Investors Portion?

QIB Investors make up 75%, National Institutional Investors are 15% and Retail is 10% of this equity offering.

What is Apeejay Surrendra Park Hotels IPO Size?

Apeejay Surrendra Park Hotels have set the IPO size at Rs920 crores.

What is the Apeejay Surrendra Park Hotels IPO Allotment Date?

Apeejay Surrendra Park Hotels will hold their initial public offering (IPO) allotment date on February 8, 2024.

What is the Apeejay Surrendra Park Hotels IPO Listing Date?

Apeejay Surrendra Park Hotels will list their initial Public Offering on February 12th 2024 on both BSE and NSE exchanges.

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