Apeejay Surrendra Park Hotels IPO Date:- The Park Hotel’s parent company Apeejay Surrendra Park Hotels IPO has set afloat its IPO; it will remain open for subscription from 5th February to 7th February 2024. The company ranks 8th amongst the biggest asset-ownership hotel chains in terms of its chain-affiliated hotel room inventory. The company is anticipate to get itself listed on exchanges like NSE and BSE on February 12, Monday, 2024.
If you are looking forward to taking subjection in the hotels and hospitality sector, you should consider learning about the Park Hotels IPO. Scroll below to know more about the same. The IPO date for Apeejay Surrendra Park Hotels has not yet been announced. Apeejay Surrendra Park Hotels is a renowned hospitality company known for its luxurious and world-class hotels and resorts. With a strong presence in India and abroad, the company has garnered a reputation for providing exceptional service and memorable experiences to its guests. As anticipation builds for the IPO, investors and hospitality enthusiasts eagerly await the opportunity to be a part of Apeejay Surrendra.
Apeejay Surrendra Park Hotels IPO Date
Apeejay Surrendra Park IPO is a book built issue of Rs 920.00 crores. The matter is a combination of fresh issue of 3.87 crore shares aggregating to Rs 600.00 crores & offer for sale of 2.06 crore shares aggregating to Rs 320.00 crores. Apeejay Surrendra Park IPO is begin for subscription on February 5, 2024 and close today February 7, 2024. The allotment for the Apeejay Surrendra Park IPO is anticipate to be finalized on Thursday, February 8, 2024. Apeejay Surrendra Park IPO will list on BSE, NSE with tentative listing date fastened as Monday, February 12, 2024.
Apeejay Surrendra Park IPO price band is set at ₹147 to ₹155 per share. The lowest level lot size for an application is 96 Shares. The minimum amount of investment need by retail investors is ₹14,880. The minimum lot size investment for sNII is 14 lots (1,344 shares), amounting to ₹208,320 & for bNII, it is 68 lots (6,528 shares), amounting to ₹1,011,840. The issue incorporate a reservation of up to 675,675 shares for employees offered at a discount of Rs 7 to the issue price.
Apeejay Surrendra Park Hotels IPO Date Details
| Tittle | Apeejay Surrendra Park Hotels IPO Date |
| IPO Close Date | 7th February, 2024, Wednesday |
| Issue Type | Book Built Issue IPO |
| Face Value | Re. 1 per share |
| Price Band | Rs. 147 to Rs. 155 per share |
| Minimum Lot Size | 96 equity shares |
| Category | News |
| Year | 2024 |
| Official Website | Click Here |
The owner of Apeejay
Despite being afflicted with a physical handicap caused by polio at the tender age of two, Dr. Stya Paul rose above his adversity and humble beginnings to become an esteemed industrialist, educationist, and philanthropist. As the founder chairman of the Apeejay Stya Group, he is widely respected in his nation for his immense contributions to society. Dr. Paul’s life serves as a powerful example of resilience, determination, and perseverance, inspiring countless individuals to overcome their challenges and achieve greatness.
Many park hotels are there in India
The Park Hotels is a renowned chain of contemporary luxury boutique hotels in India, owned by the Apeejay Surrendra Group and headquartered in Kolkata. The chain comprises 30 hotels, including both owned and leased properties, spread over 20 cities and four different brands – The Park, The Park Collection, Zone by the Park, and Zone Connect by the Park. Each hotel is designed to offer a unique experience that blends modern amenities with local culture and heritage. From luxurious rooms and fine dining restaurants to world-class spas and personalized services, The Park Hotels have set new standards for hospitality in India.
Park Hotel Group Owner
Park Hotel Group Management Pte. Ltd. is a well-known hospitality company with a notable history in real estate investment. Allen Law, the Group’s Founder, has played a significant role in its success. With an extensive portfolio of hotels and resorts worldwide, Park Hotel Group is committed to providing exceptional guest experiences that reflect its ethos of “Creating memorable moments, always.” Whether it’s for business or leisure travel, the Group’s properties offer luxury amenities and personalized service that cater to every need.
What does Apeejay Surrendra Group do?
With a history that dates back to 1910, Apeejay Surrendra Group has been expanding its operations in various industries and now employs over 43000 people worldwide. The group is involved in diverse sectors such as Tea, Hospitality, Shipping, Retail & Real Estate. Apart from these traditional businesses, Apeejay Surrendra Group has also ventured into new initiatives like Marine Cluster, Logistics and Knowledge Parks. With a focus on innovation and growth, the company continues to explore new horizons and expand its global footprint.
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About the Company
Apeejay Surrendra Park Hotels Ltd is the eighth biggest resource possession inn network in the nation as far as chain-subsidiary lodging stock. It operates under the names “The Park,” “Zone Connect by The Park,” “The Park Collection,” and “Stop by Zone” among others. It has been in the accommodation business for more than 55 years with its most memorable lodging sent off under the brand name of “The Recreation area” at a notable area of Park Road in Kolkata.
Besides, the organization has constructed a presence in the retail food and refreshment industry under the brand name of “Flurys”. Its lodging portfolio has a presence the nation over with an expanded client base. This company receives a variety of revenue streams from its hotels and food and beverage establishments. As per Apeejay Surrendra’s RHP, it works 81 cafés, bars, night clubs alongside many culinary outlets. Presently, the organization has chosen to open up to the world to raise capital for obligation reimbursement and general corporate purposes. The Apeejay Surrendra Park Inns Initial public offering will be open from fifth Feb to seventh Feb 2024 at Rs. 147 to Rs. 155 an offer.
Apeejay Surrendra Park Hotels IPO Lot Size
Retail investors can apply for a minimum of 96 shares and multiples of 96 shares thereafter for the The lot size for Apeejay Surrendra Park Hotels IPO.
With the cost band for the Initial public offering set at Rs 147 to Rs 155 for each value share, the base application sum for retail financial backers would be Rs 14,112 (96 shares* Rs 147 for every offer), and it will increment in products of 96 offers at the financial backer’s circumspection.
| Investor Category | Lots | Shares | Amount (₹) |
| Retail (Min) | 1 | 96 | 14,880 |
| Retail (Max) | 13 | 1248 | 193,440 |
| S-HNI (Min) | 14 | 1,344 | 208,320 |
| S-HNI (Max) | 67 | 6,432 | 996,960 |
| B-HNI (Min) | 68 | 6,528 | 1,011,840 |
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Apeejay Surrendra Park Hotels IPO Date
Apeejay Surrendra Park Hotels IPO is time table to open on February 5, 2024, and close on February 7, 2024. The company has fastened the price band for the IPO at Rs 147 to Rs 155 per equity share.
The lot size for the IPO is 96 shares & retail investors can apply for a minimum of 96 shares & in multiples of 96 shares thereafter.
| Event | Date |
| Issue Open Date | February 5, 2024 |
| Issue Close Date | February 7, 2024 |
| Basis of Allotment | February 8, 2024 |
| Refunds | February 9, 2024 |
| Credit to Demat Account | February 9, 2024 |
| Listing Date | February 12, 2024 |
Apeejay Surrendra Park Hotels IPO Details
| Surrendra Park Hotels IPO Details | Information |
| Face Value | ₹1 per share |
| Price Band | ₹147 to ₹155 per share |
| Lot Size | 96 Shares (unofficial estimate) |
| Total Issue Size | ₹920.00 Cr |
| Fresh Issue | ₹600.00 Cr |
| Offer for Sale | ₹320.00 Cr |
| Employee Discount | Rs 7 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Shareholding pre issue | 174,661,760 |
Apeejay Surrendra Park IPO Reservation
QIB (Qualified Institutional Buyers) Category
- Shares Offered- This category is reserved for Qualified Institutional Buyers.
- Allocation- Not less than 75% of the Net Issue is reserved for QIBs, catering to institutional investors like mutual collection, insurance companies, and foreign institutional investors.
Retail Category
- Shares Offered: This segment is for individual sell investors.
- Allocation: Not more than 10% of the Net Issue is earmarked for retail investors, allowing little individual investors to participate in the IPO.
NII (High Net Worth Individual) Category
- Shares Offered- Reserved for High Net Worth Individuals (HNIs) or Non-Institutional Investors.
- Allocation- Not more than 15% of the Net matter is allocated to the NII category, accommodating high net worth person who wish to invest significant amounts in the IPO.
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Restated Consolidated Financial Overview of Apeejay Surrendra Park Hotels Limited
Revenue Growth
- Apeejay Surrendra Park Hotels Limited knowledgeable a substantial increase in revenue, witnessing a growth of 95.81% between the financial years ending March 31, 2023, and March 31, 2022.
Profit After Tax (PAT) Surge
- The company’s Profit After Tax (PAT) showed a extraordinary surge, rising by an impressive 270.42% over the same period, indicating enhanced profitability & financial performance.
Financial Snapshot
- Assets
- As of September 30, 2023, the total assets of the company amounted to ₹1,382.51 crore, reflecting an upward trajectory compared to the previous financial years.
- Revenue
- The revenue for the period ending September 30, 2023, stood at ₹272.31 crore, demonstrating continued growth from the previous financial years.
Profit After Tax (PAT)
- The Profit After Tax for the same period was ₹22.95 crore, showcasing a positive trend & improved financial health.
Net Worth
- Apeejay Surrendra Park Hotels Limited’s net worth as of September 30, 2023, reached ₹578.71 crore, designate a strengthening financial position.
Reserves and Surplus
- The company’s reserves and surplus stood at ₹561.24 crore, reflecting gather earnings and retained profits.
Total Borrowing
- Information regarding total borrowing is not on condition that in the current data.
Historical Perspective
- Comparing the financial figures for September 30, 2023, with the corresponding periods in previous years, the company showcased consistent growth in assets, revenue & net worth, reinforcing its financial firmness and positive trajectory.
Strengths of the Company
Before you invest in the ongoing Park Hotels IPO, it is main to understand the core strengths of the company.
- Apeejay Surrendra Park Hotels Ltd has been embody techniques like product innovation and service excellence to attract customers through a diversified set of service offerings.
- It has a hotel chain of owned, managed & leased hotels strategically located across metro cities & emerging cities.
- Moreover, the company has a high RevPAR (revenue per available room) and occupancy rate down with a strong operational and financial track record.
- Park Hotels maintains a highly committed, experienced and qualified leadership team along with a higher standard of corporate governance. Each of the upper management such as the chairman, chairperson & managing director of the company has more than three decades of industry involvement.
Conclusion
In conclusion, Apeejay Surrendra Park Hotels has announced the IPO date, marking an exciting milestone for the company and investors alike. With a strong reputation in the hospitality industry, Apeejay Surrendra Park Hotels is known for its luxurious properties and exceptional service. The IPO is set to provide an opportunity for investors to become part of the company’s growth story and capitalize on its success. As the IPO date approaches, anticipation is building, and investors are eagerly awaiting the chance to participate in this promising venture. With a solid track record and a strategic vision for the future, Apeejay Surrendra Park Hotels is poised to make a significant impact in the market.
FAQ About Apeejay Surrendra Park Hotels IPO Date
What is the fresh issue size of the Apeejay Surrendra Park Hotels IPO?
The fresh issue size of the IPO is Rs. 6,000 million while the total issue size is Rs. 9,200 million approximately.
Who are the selling shareholders of the Apeejay Surrendra Park Hotels IPO?
Apeejay Private Ltd, RECP IV Park Hotel Co-Investors Ltd and RECP IV Park Hotel Investors Ltd are the selling shareholders of this IPO.
Who are the book-running lead managers of the Apeejay Surrendra Park Hotels IPO?
JM Financial Limited, ICICI Securities Limited, and Axis Capital Limited are book-running lead managers of the issue.
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