Apeejay Surrendra Park IPO GMP, IPO Price Band, IPO Lot Size

Apeejay Surrendra Park IPO is opening for subscription on February 5, 2024, and closing on February 7, 2024. This Mainboard IPO aims to raise ₹920 crores, with ₹600 crores of Fresh Issue and offer for sale up to ₹320 crores of equity shares, each with a face value of ₹1. The price band for the Apeejay Surrendra Park IPO is fixed at ₹147 – ₹155 Per Share, with a market lot of 96 Shares. The allocation for this IPO is as follows: 10% for retail investors, 75% for QIBs, and 15% for high-net-worth individuals (HNI). Apeejay Surrendra Park IPO Allotment will done on February 8, 2024, and Apeejay Surrendra Park IPO listing date is February 12, 2024.

 

Apeejay Surrendra Park Company Profile

Apeejay Surrendra Park Hotels ranks as the 8th largest hotel chain in India with asset ownership. They operate under various brands, including “THE PARK,” “THE PARK Collection,” “Zone by The Park,” “Zone Connect by The Park,” and “Stop by Zone.” With over five decades of experience, they pioneered luxury boutique hotels in India under “THE PARK” brand and expanded into upscale and upper midscale segments with other brands.

As of March 31, 2023, THE PARK hotels has recorded RevPAR of Rs 5,571 with a high occupancy rate of 91.77%

It also owns a retail brand “Flurys” which operates in the retail food and beverage industry. As of March 31, 2023, the hotel operates 80 restaurants, nightclubs, and bars. It has developed multiple brands such as Zen, Someplace Else, Tantra, Roxy, iBar, The Leather Bar, Pasha and Aqua.

 

Apeejay Surrendra Park IPO GMP

 

Apeejay Surrendra Park IPO Objectives

The funds raised through the IPO will be utilized for:

1. Repayment/prepayment of certain outstanding borrowings
2. General corporate purposes

 

Apeejay Surrendra Park IPO Key Details

• Apeejay Surrendra Park IPO Open Date: February 5, 2024
• Apeejay Surrendra Park IPO Close Date: February 7, 2024
• Apeejay Surrendra Park IPO Size: Approximately ₹920 crores, Equity Shares
• Face Value: ₹1 Per Equity Share
• Apeejay Surrendra Park IPO Price Band: ₹147 – ₹155 Per Equity Share
• Apeejay Surrendra Park IPO Listing on: NSE & BSE
• Retail Quota: 10% of the net offer
• QIB Quota: 75% of the net offer
• HNI Quota: 15% of the net offer

 

Apeejay Surrendra Park IPO Timeline

• Apeejay Surrendra Park IPO Open Date: February 5, 2024
• Apeejay Surrendra Park IPO Close Date: February 7, 2024
• Basis of Allotment: February 8, 2024
• Refunds: February 9, 2024
• Credit to Demat Account: February 9, 2024
• Apeejay Surrendra Park IPO Listing Date: February 12, 2024

 

How to Apply for Apeejay Surrendra Park IPO

Investors can apply for the Apeejay Surrendra Park IPO through ASBA (Applications Supported by Blocked Amount) online via their bank accounts or by using the offline IPO forms, which can be downloaded from the NSE website.

 

Apeejay Surrendra Park Financial Performance (in Crores)

• Year 2021: Revenue ₹190.29, Expense ₹262.02, PAT ₹75.88
• Year 2022: Revenue ₹267.83, Expense ₹309.61, PAT ₹28.20
• Year 2023: Revenue ₹524.43, Expense ₹458.96, PAT ₹48.06

 

Apeejay Surrendra Park Valuation FY2023

• 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

 

Apeejay Surrendra Park Peer Group

• Park Hotels Limited
• Chalet Hotels Limited
• Lemon Tree Hotels Limited
• Indian Hotels Company Limited
• EIH Limited

 

Apeejay Surrendra Park Company Promoters

• Karan Paul
• Priya Paul
• Apeejay Surrendra Trust
• Great Eastern Stores Private Limited

 

Apeejay Surrendra Park IPO Registrar

Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Phone: +91-22-4918 6270
Email: parkhotels.ipo@linkintime.co.in

 

Apeejay Surrendra Park IPO Allotment Status Check

• Check the Apeejay Surrendra Park IPO allotment status on the Link Intime India website.

 

Apeejay Surrendra Park IPO Allotment Link

• Check the Apeejay Surrendra Park IPO allotment on the ipogmp.org website.

 

Apeejay Surrendra Park IPO Lead Managers (Merchant Bankers)

• JM Financial Limited
• Axis Bank Limited
• ICICI Securities Limited

 

Apeejay Surrendra Park Company Address

17, Park Street
Kolkata,West Bengal-700016
India
Website: https://www.theparkhotels.com/
Phone: +91 33 2249 9000
Email: investorrelations @asphl.in

 

Apeejay Surrendra Park IPO FAQs

 

What is Apeejay Surrendra Park IPO?

Apeejay Surrendra Park IPO is a Main-board IPO. They are going to raise ₹920 crores via IPO. The issue is priced at ₹147 – ₹155 Per equity share. The IPO is to be listed on NSE & BSE.

 

When will the Apeejay Surrendra Park IPO open?

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

 

What is Apeejay Surrendra Park IPO Investors Portion?

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

 

How to Apply for the Apeejay Surrendra Park IPO?

You can apply for Shelter Finance 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 Apeejay Surrendra Park IPO through Zerodha?

For those using Zerodha, the application process involves logging into the Zerodha Console, selecting the IPO under the Portfolio section, and then filling in the necessary details. Approval through a UPI app is also required. Opening a Demat Account with Zerodha may be necessary for some applicants. Open Demat Account with Zerodha.

 

How to Apply the Apeejay Surrendra Park IPO through Alice Blue?

Alice Blue users can apply by logging into the Alice Blue application, selecting the IPO, and confirming their application. Similar to other methods, approval via a UPI app is required. Opening a Demat Account with Alice Blue may also be necessary. Open a Demat Account with Alice Blue.

 

How to Apply for the Apeejay Surrendra Park IPO through Motilal Oswal?

Log in to Motilal Oswal Application with your credentials. Select the IPO. You will see the IPO Name. Click on the 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 Motilal Oswal.

 

What is Apeejay Surrendra Park IPO Size?

Apeejay Surrendra Park IPO size is ₹920 crores.

 

What is Apeejay Surrendra Park IPO Price Band?

Apeejay Surrendra Park IPO Price Band is ₹147 – ₹155 Per equity share.

 

What is Apeejay Surrendra Park IPO Minimum and Maximum Lot Size?

The IPO bid is 96 Shares with ₹14,470.

 

What is Apeejay Surrendra Park IPO Allotment Date?

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

 

What is Apeejay Surrendra Park IPO Listing Date?

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