Apeejay Surrendra Park Hotels IPO Date, Review, Price, Allotment Details

Apeejay Surrendra Park Hotels IPO Details: Apeejay Surrendra Park Hotels IPO date is fixed, the IPO is to hit the market on February 5 and will close on February 7. Apeejay Surrendra Park Hotels IPO to raise around ₹920 crores via IPO that comprises fresh issue of ₹600 crores and offer for sale up to ₹320 crores of ₹1 each. The retail quota is 10%, QIB is 75%, and HNI is 15%.

Apeejay Surrendra Park Hotels IPO

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)

  • Apply

Brokerage Firm IPO Review

  • Capital Market: To be updated soon
  • Religare Broking: To be updated soon
  • Hem Securities: To be updated soon
  • Arihant Capital: To be updated soon

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.

ApplicationLot SizeSharesAmount
Retail Minimum196₹14,880
Retail Maximum131,248₹193,440
S-HNI Minimum141,344₹208,320
B-HNI Minimum686,528₹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
YearRevenueExpensePAT
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/

Apeejay Surrendra Park Hotels IPO FAQs

What is Apeejay Surrendra Park Hotels IPO?

Apeejay Surrendra Park Hotels IPO is a main-board IPO. They are going to raise ₹920 Crores via IPO. The issue is priced at ₹147 to ₹155 pr equity share. The IPO is to be listed on BSE & NSE.

When Apeejay Surrendra Park Hotels IPO will open?

The IPO is to open on February 5, 2024 for QIB, NII, and Retail Investors.

What is Apeejay Surrendra Park Hotels IPO Investors Portion?

The investors’ portion for QIB is 75%, NII is 15%, and Retail is 10%.

How to Apply the Apeejay Surrendra Park Hotels IPO?

You can apply for Apeejay Surrendra Park Hotels IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

How to Apply the Apeejay Surrendra Park Hotels IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Apeejay Surrendra Park Hotels”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the Apeejay Surrendra Park Hotels IPO through Upstox?

Log in to the Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Apeejay Surrendra Park Hotels”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

How to Apply the Apeejay Surrendra Park Hotels IPO through Paytm Money?

Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Apeejay Surrendra Park Hotels”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.

What is Apeejay Surrendra Park Hotels IPO Size?

Apeejay Surrendra Park Hotels IPO size is ₹920 crores.

What is Apeejay Surrendra Park Hotels IPO Price Band?

Apeejay Surrendra Park Hotels IPO Price Band is ₹147 to ₹155.

What is the Apeejay Surrendra Park Hotels IPO Allotment Date?

Apeejay Surrendra Park Hotels IPO allotment date is February 8, 2024.

What is the Apeejay Surrendra Park Hotels IPO Listing Date?

Apeejay Surrendra Park Hotels IPO listing date is February 12, 2024. The IPO is to list on BSE and NSE.

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).
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