Apeejay Surrendra Park IPO : Price, Detail, GMP, Opening Date, Financial Report and More

Apeejay Surrendra Park Hotels Limited IPO

Established in 1987, Apeejay Surrendra Park Hotels Limited is in the hospitality business, known for brands like “THE PARK,” “THE PARK Collection,” “Zone by The Park,” “Zone Connect by The Park,” and “Stop by Zone.” They also have a retail food and beverage brand called ‘Flurys’.

As of March 31, 2023, the company manages 80 restaurants, nightclubs, and bars, providing diverse culinary experiences.

Currently, they run 27 hotels across various categories such as luxury boutique, upscale, and upper midscale. These hotels are situated in cities like Kolkata, New Delhi, Chennai, Hyderabad, Mumbai, and more, offering a total of 2,111 rooms as of August 2023.

The company owns restaurants with names like Zen, Lotus, Aish, Saffron, Fire, Italia, and others.

As of June 2023, Apeejay Surrendra Park Hotels Limited employs a total of 1,923 people.

Key Points Regarding Apeejay Surrendra Park IPO

IPO DateFebruary 5, 2024 to February 7, 2024
Price Band₹147 to ₹155 per share
Face ValueRs 1 per share
Lot Size96 Shares
Total Issue Size(aggregating up to ₹920.00 Cr)
Listing DateMonday, February 12, 2024
Listing AtBSE, NSE

Apeejay Surrendra Park IPO Details:

  • Book Built Issue: Rs 920.00 crores
  • Fresh Issue: Rs 600.00 crores and Offer for Sale: Rs 320.00 crores
  • Subscription Dates:
    • Opens: February 5, 2024
    • Closes: February 7, 2024
  • Allotment Date:
    • Expected: Thursday, February 8, 2024
  • Listing:
    • BSE, NSE
    • Tentative Listing Date: Monday, February 12, 2024
  • Price Band:
    • ₹147 to ₹155 per share
  • Application Details:
    • Minimum Lot Size: 96 Shares
    • Retail Investors: Minimum Investment of ₹14,880
  • For sNII (Non-Institutional Investors):
    • Minimum Lot Size: 14 lots (1,344 shares)
    • Minimum Investment: ₹208,320
  • For bNII (Non-Institutional Investors):
    • Minimum Lot Size: 68 lots (6,528 shares)
    • Minimum Investment: ₹1,011,840

Apeejay Surrendra Park Hotels Limited Financial Information (Restated Consolidated)

Apeejay Surrendra Park Hotels Limited experienced a significant boost in its financial performance, with a 95.81% increase in revenue and an impressive 270.42% rise in profit after tax (PAT) from the financial year ending on March 31, 2022, to March 31, 2023. (Amount in ₹ Crore)

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Profit After Tax22.9548.06-28.20-75.88
Net Worth578.71555.68508.51536.28
Reserves and Surplus561.24538.22491.05518.81
Total Borrowing597.09566.88622.68593.44

Contact Details

Apeejay Surrendra Park Hotels Limited
17, Park Street,
700 016
Phone: +91 33 2249 9000
Email: investorrelations @asphl.in

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