Apeejay Surrendra Park Hotels Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 44,032,258 (74%) | — | ₹68,250 Cr |
| NII (HNI) | — | 8,806,451 (15%) | — | ₹13,650 Cr |
| Retail | — | 5,870,967 (10%) | — | ₹910 Cr |
| Employee | — | 675,675 (1%) | — | ₹105 Cr |
| Σ Total | — | 59,385,351 (100%) | — | ₹920,473 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 96 | ₹14,880 |
| Retail (Max) | 13 | 1,248 | ₹193,440 |
| S-HNI (Min) | 14 | 1,344 | ₹208,320 |
| B-HNI (Min) | 67 | 6,432 | ₹996,960 |
Financial Statements Amount in Crore
| Metric | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue | 272 | 524 | 268 |
| Profit After Tax | 23 | 48 | -28 |
| Net Worth | 579 | 556 | 509 |
| Total Assets | 1,383 | 1,362 | 1,275 |
| Reserves & Surplus | 561 | 538 | 491 |
| Total Borrowing | 597 | 567 | 623 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Repayment/ prepayment, in full or in part of certain outstanding borrowings availed by the Company; and –
- General corporate purposes –
Company Overview
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.