Apeejay Surrendra Park Hotels is the 8th largest hotel chain amongst hotel chains with asset ownership in India (Source: Horwath HTL Report). They operate hospitality assets under their brands, “THE PARK”, “THE PARK Collection”, “Zone by The Park”, “Zone Connect by The Park” and “Stop by Zone”. They have a long-standing expertise of over five decades in the hospitality business of owning and operating hotels, with their first hotel being launched under their brand “THE PARK” at the iconic Park Street in Kolkata. They have established a presence in the retail food and beverage industry through their retail brand ‘Flurys’. They have pioneered the concept of luxury boutique hotels in India under their brand, “THE PARK”, extending it further through “THE PARK Collection”, and in upper midscale categories with their brands “Zone by The Park” and “Zone Connect by The Park”.
The hotel portfolio has a PAN-India presence, and they continue to attract their customers with their diversified portfolio. They categorize their hotel portfolio into two distinct hotel categories based on brand classification – upscale, and upper mid-scale. They operate hotels under the following four brands, namely “THE PARK, “THE PARK Collection”, “Zone by The Park”, “Zone Connect by The Park” and have recently launched their economy motel brand, “Stop by Zone”:
- “THE PARK” brand is positioned as an upscale brand with a luxury boutique offering, with a brand philosophy that concentrates on design, style, and service to create differentiated and unique experiences at each hotel.
- “THE PARK Collection” brand encompasses small luxury properties located at selected travel destinations targeted at the luxury hotel category delivering personalized guest experiences.
- The “Zone by The Park” brand is positioned at the upper midscale level. It is designed for price-conscious and design-conscious customers.
- “Zone Connect by The Park” is an upper midscale brand that channels its spirit and design philosophy from Zone by The Park.
- “Stop by Zone” is an economy motel brand that aims to provide convenient accommodation with easy access to parking, free Wi-Fi along food services.
Objects of the Issue
- Repayment/ prepayment, in full or in part of certain outstanding borrowings availed by the Company
- General corporate purposes
Apeejay Surrendra Park Hotels IPO Review (Apply or Not)
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Brokerage Firm IPO Review
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Apeejay Surrendra Park Hotels IPO Date & Price Band Details
IPO Open: | February 5, 2024 |
IPO Close: | February 7, 2024 |
IPO Size: | Approx ₹920 Crores |
Fresh Issue: | Approx ₹600 Crores |
Offer for Sale: | Approx ₹320 Crores |
Face Value: | ₹1 Per Equity Share |
IPO Price Band: | ₹147 to ₹155 Per Share |
IPO Listing on: | BSE & NSE |
Retail Quota: | 10% |
QIB Quota: | 75% |
NII Quota: | 15% |
Discount: | ₹7 for Employees |
DRHP Draft Prospectus: | Click Here |
RHP Draft Prospectus: | Click Here |
Anchor Investors List: | Click Here |
Apeejay Surrendra Park Hotels IPO Market Lot
The Apeejay Surrendra Park Hotels IPO minimum market lot is 96 shares with ₹14,880 application amount. The retail investors can apply up-to 13 lots with 1248 shares or ₹193,440 amount.
Application | Lot Size | Shares | Amount |
Retail Minimum | 1 | 96 | ₹14,880 |
Retail Maximum | 13 | 1,248 | ₹193,440 |
S-HNI Minimum | 14 | 1,344 | ₹208,320 |
B-HNI Minimum | 68 | 6,528 | ₹10,11,840 |
Apeejay Surrendra Park Hotels IPO Allotment & Listing Dates
The Apeejay Surrendra Park Hotels IPO date is February 5 and the close date is February 7. The Apeejay Surrendra Park Hotels IPO allotment will be finalized on February 8 and the IPO listing on February 12.
Anchor Investors Allotment: | February 2, 2024 |
IPO Open Date: | February 5, 2024 |
IPO Close Date: | February 7, 2024 |
Basis of Allotment: | February 8, 2024 |
Refunds: | February 9, 2024 |
Credit to Demat Account: | February 9, 2024 |
IPO Listing Date: | February 12, 2024 |
You can check IPO subscription status and IPO allotment status on their respective pages.
Apeejay Surrendra Park Hotels IPO Form
How to apply for the Apeejay Surrendra Park Hotels IPO? You can apply for Apeejay Surrendra Park Hotels IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Apeejay Surrendra Park Hotels IPO in the Invest section. The other option is you can apply for Apeejay Surrendra Park Hotels IPO via IPO forms downloaded via NSE and BSE. Check out the Apeejay Surrendra Park Hotels forms – Click BSE Forms & NSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.
Apeejay Surrendra Park Hotels Company Financial Report
₹ in Crores | |||
Year | Revenue | Expense | PAT |
2021 | ₹190.29 | ₹262.02 | ₹75.88 |
2022 | ₹267.83 | ₹309.61 | ₹28.20 |
2023 | ₹524.43 | ₹458.96 | ₹48.06 |
Apeejay Surrendra Park Hotels IPO Valuation – FY2023
Check Apeejay Surrendra Park Hotels IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
Earning Per Share (EPS): | ₹2.75 per Equity Share |
Price/Earning P/E Ratio: | N/A |
Return on Net Worth (RoNW): | 9.03% |
Net Asset Value (NAV): | ₹31.81 per Equity Share |
Peer Group
- Park Hotels Limited
- Chalet Hotels Limited
- Lemon Tree Hotels Limited
- Indian Hotels Company Limited
- EIH Limited
Company Promoters
- Karan Paul
- Priya Paul
- Apeejay Surrendra Trust
- Great Eastern Stores Private Limited.
Apeejay Surrendra Park Hotels IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in/
Apeejay Surrendra Park Hotels IPO Allotment Status Check
Check Apeejay Surrendra Park Hotels IPO allotment status on Linkintime website allotment URL. Click Here
Apeejay Surrendra Park Hotels IPO Lead Managers aka Merchant Bankers
- Jm Financial Limited
- Axis Bank Limited
- ICICI Securities Limited
Company Address
Apeejay Surrendra Park Hotels Limited
17, Park Street, Kolkata 700 016
Phone: +91 33 2249 9000
Email: [email protected]
Website: https://www.theparkhotels.com/
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Note: The Apeejay Surrendra Park Hotels IPO price band and date are officially announced. The IPO grey market premium (Apeejay Surrendra Park Hotels IPO Premium) will be added to the IPO grey market page as it will start).