Apeejay Surrendra Park Hotels Limited IPO is set to launch on 5 February, 2024. The company initiated its business operations in the year 1987. It is involved in the hospitality business. The company operates through multiple brand names such as THE PARK COLLECTION, THE PARK, ZONE CONNECT BY THE PARK, ZONE BY THE PARK, STOP BY ZONE. It has also diversified into beverage business under the name Flurys. It owns and operates 80 restaurants, bars and nightclubs. The company operates 27 hotels across New Delhi, Kolkata, Bangalore, Hyderabad, Goa, Indore, Coimbatore, Mumbai, Jodhpur, Jaipur and other states. The employee base of the company is 1923 people.
Apeejay Surrendra Park Hotels Limited IPO DETAILS
Apeejay Surrendra Park Hotels Limited IPO is set to launch on 5 February, 2024. The subscription timeline extends till 7 February, 2024. The size for the IPO is 920 Crore Rs. Shares issued through fresh issue mode are worth Rs 600 Crore. Shares issued through offer for sale mode are worth Rs 320 Crore. The lot size is 96 shares and the price is 147 Rs to 155 Rs per share. The company is going to get listed at both NSE and BSE. The face value per share is Re. 1 and this is a Book Built issue. The registrar for the company is Link Intime India Private Limited.
Tabular Description of Apeejay Surrendra Park Hotels Limited IPO
| IPO OPENING DATE | 5 February, 2024 |
| CLOSING DATE FOR IPO | 7 February, 2024 |
| ISSUE TYPE | Book Built Issue |
| Face Value per share | 1 Re. per share |
| IPO price band | 147 Rs. to 155 Rs. per share |
| LOT SIZE | 96 shares |
| MINIMUM ORDER QUANTITY | 96 shares |
| ISSUE SIZE | 920 Crore Rs. |
| OFFER FOR SALE | 320 Crore Rs. |
| FRESH ISSUE | 600 Crore Rs. |
| LISTING AT | NSE, BSE |
| LISTING DATE | 12 February, 2024 |
Apeejay Surrendra Park Hotels Limited IPO : IMPORTANT DATES
| IPO OPENING DATE | 5 February, 2024 |
| CLOSING DATE FOR IPO | 7 February, 2024 |
| IPO ALLOTMENT DATE | 8 February, 2024 |
| REFUNDS | 9 February, 2024 |
| DEMAT A/C CREDITED ON | 9 February, 2024 |
| IPO LISTING DATE | 12 February, 2024 |
Apeejay Surrendra Park Hotels Limited IPO begins for subscription from 5 February, 2024. The IPO subscription would continue till 7 February, 2024. The allotment status for the shareholders who applied would come on 8 February, 2024. The refunds for the ones who did not get allotment would be initiated on 9 February, 2024. The DEMAT accounts of shareholders would be credited on 9 February, 2024. The listing of the company would be completed on 12 February, 2024.
Apeejay Surrendra Park Hotels Limited IPO : Lead Managers
The lead managers are :
- ICICI Securities Limited
- JM Financial Limited
- Axis Capital Limited
The minimum lot size for the company is decided at 96 shares. This holding accounts to 14880 Rs.. The maximum lot size is decided at 1248 shares. This amounts to 193440 Rs.. Hence the company’s final holdings would be set as :
| Shares | Amount | |
| Minimum | 96 shares | 14880 Rs. |
| Maximum | 1248 shares | 193440 Rs. |
OBJECTIVES FOR THE IPO
- IPO proceeds would be used for general corporate purposes.
- The company will use the IPO money for further working capital requirements.
- With the IPO money the company might pay its outstanding loans.
COMPANY FINANCIALS
| Particularly (in Crore Rs.) | 2020-21 | 2021-22 | 2022-23 |
| ASSETS | 1280 | 1275 | 1361 |
| Revenue | 190 | 267 | 524 |
| PAT | (-75) | (-28) | 48 |
Apeejay Surrendra Park Hotels Limited had an asset base of 1280 Crore Rs in 2021 which decreased to 1275 Crore Rs in 2022. The asset base of the company increased to 1361 Crore Rs in the year 2023. The revenue of the firm was 190 Crore Rs in 2021 which increase to 267 Crore Rs in 2022. The revenue of the firm was 524 Crore Rs in 2023. The company had a loss of 75 Crore Rs in 2021 which decreased to 28 Crore Rs in 2022. The profit of the company for 2023 was 48 Crore Rs.
PROS
- The company operates through multiple brand names such as THE PARK COLLECTION, THE PARK, ZONE CONNECT BY THE PARK, ZONE BY THE PARK, STOP BY ZONE.
- It has also diversified into beverage business under the name Flurys. It owns and operates 80 restaurants, bars and nightclubs.
- The company operates 27 hotels across New Delhi, Kolkata, Bangalore, Hyderabad, Goa, Indore, Coimbatore, Mumbai, Jodhpur, Jaipur and other states.
- The employee base of the company is 1923 people.
Apeejay Surrendra Park Hotels Limited IPO Application Process with Zerodha
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
- Click the Apeejay Surrendra Park Hotels Limited IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.
