IPO Issue Details
Issue Price / Price Band₹155 per share (Fixed Price)
Face Value₹1 Per Share
Lot Size96 Shares per Lot
Total Issue Size5,93,57,646 shares (aggregating up to ₹920.00 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenMon, 05 Feb 2024
Subscription CloseWed, 07 Feb 2024
Anchor AllotmentFri, 02 Feb 2024
Basis of AllotmentThu, 08 Feb 2024
Initiation of RefundsFri, 09 Feb 2024
Credit of Shares to DematFri, 09 Feb 2024
Listing DateMon, 12 Feb 2024
UPI Mandate Deadline2024-02-07
Application & Investment Details
Retail — Min (1 Lots)₹14,880 — 96 shares
Retail — Max (13 Lots)₹193,440 (13 Lots)
HNI — Min (68 Lots)₹10,11,840 — 6,528 shares
EPS (Pre-IPO)₹2.75
EPS (Post-IPO)₹2.15
P/E Ratio (Pre-IPO)56.33x
P/E Ratio (Post-IPO)72.05x
Pre-IPO Promoter Holding17,46,61,760 shares
Post-IPO Promoter Holding21,33,71,437 shares
Fresh Issue Shares3,87,22,118 shares (aggregating up to ₹600.16 Cr)
Offer for Sale Shares2,06,35,528 shares of ₹1 (aggregating up to ₹319.84 Cr)
About Apeejay Surrendra Park Hotels Ltd.
Incorporated in 1987, Apeejay Surrendra Park Hotels Limited is engaged in the hospitality business operating under the brand names of "THE PARK", "THE PARK Collection", "Zone by The Park", "Zone Connect by The Park" and "Stop by Zone". The company is also engaged in the business of retail food and beverage industry through its retail brand 'Flurys.As of March 31, 2023, the company operates 80 restaurants, night clubs and bars, offering a wide selection of culinary experiences.The company currently operates 27 hotels, which are spread across different categories such as luxury boutique, upscale, and upper midscale. These hotels are present in various cities in India including Kolkata, New Delhi, Chennai, Hyderabad, Bangalore, Mumbai, Coimbatore, Indore, Goa, Jaipur, Jodhpur, Jammu, Navi Mumbai, Visakhapatnam, Port Blair, and Pathankot, offering a total of 2,111 rooms as of August 2023.The company owns restaurants under the brand name of Zen, Lotus, Aish, Saffron, Fire, Italia, 601, The Bridge, The Street, Verandah, Vista, Bamboo Bay, Monsoon, Mist, Love and Bazaar.As of June 2023, the company has a total of 1,923 employees.
Objects of the Issue
Apeejay Surrendra Park Hotels Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
Repayment/ prepayment, in full or in part of certain outstanding borrowings availed by the Company; and
2
General corporate purposes
Shareholding & Lock-in
Pre-IPO Promoter Holding
17,46,61,760 shares
Post-IPO Promoter Holding
21,33,71,437 shares
Lock-in Period (30%)March 9, 2024
Lock-in Period (50%)May 8, 2024