Apeejay Surrendra Park Hotels Limited IPO
- IPO Date05 Feb, 2024 to 07 Feb, 2024
- Listing Date12 Feb, 2024
- Face Value₹1 per share
- Issue Price₹147 to ₹155 per share
- Lot Size96 Shares
- Minimum Investment₹14,880
- Listing AtBSE, NSE
- Total Issue Size5,93,54,838 Shares
(aggregating up to ₹920.00 Cr) - Fresh Issue3,87,09,677 Shares
(aggregating up to ₹600.00 Cr)
- Offer for Sale2,06,45,161 Shares
(aggregating up to ₹320.00 Cr) - Issue TypeBook Built Issue IPO
- Share holding pre issue17,46,61,760
- Shareholding post issue21,33,71,437
IPO Dates
Closing Date
07 Feb, 2024
Initiation of Refunds
09 Feb, 2024
Listing Date
12 Feb, 2024
05 Feb, 2024
Opening Date
08 Feb, 2024
Basis of Allotment
09 Feb, 2024
Credit of Shares
Apeejay Surrendra Park Hotels Limited Lot Size
Investors can bid for a minimum of 96 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 96 | ₹14,880 |
| B-HNI (Min) | 68 | 6528 | ₹10,11,840 |
| S-HNI (Max) | 67 | 6432 | ₹9,96,960 |
| Retail (Max) | 13 | 1248 | ₹1,93,440 |
| S-HNI (Min) | 14 | 1344 | ₹2,08,320 |
Apeejay Surrendra Park Hotels Limited Promoter Holding
The promoters of the Company are Karan Paul, Priya Paul, Apeejay Surrendra Trust and Great Eastern Stores Private Limited.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 94.18% | 68.13% |
Apeejay Surrendra Park Hotels Limited COMPANY INFORMATION
Apeejay Surrendra Park IPO is a book built issue of Rs 920.00 crores. The issue is a combination of fresh issue of 3.87 crore shares aggregating to Rs 600.00 crores and offer for sale of 2.06 crore shares aggregating to Rs 320.00 crores. Apeejay Surrendra Park IPO bidding started from February 5, 2024 and ended on February 7, 2024. The allotment for Apeejay Surrendra Park IPO was finalized on Thursday, February 8, 2024. The shares got listed on BSE, NSE on February 12, 2024. Apeejay Surrendra Park IPO price band is set at ₹147 to ₹155 per share. The minimum lot size for an application is 96 Shares. The minimum amount of investment required by retail investors is ₹14,880. The minimum lot size investment for sNII is 14 lots (1,344 shares), amounting to ₹208,320, and for bNII, it is 68 lots (6,528 shares), amounting to ₹1,011,840. The issue includes a reservation of up to 675,675 shares for employees offered at a discount of Rs 7 to the issue price. Jm Financial Limited, ICICI Securities Limited and Axis Capital Limited are the book running lead managers of the Apeejay Surrendra Park IPO, while Link Intime India Private Ltd is the registrar for the issue. Refer to Apeejay Surrendra Park IPO RHP for detailed information.
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.
FAQs About Apeejay Surrendra Park Hotels Limited Ipo
Apeejay Surrendra Park Hotels Limited IPO will open on 05 Feb, 2024 and close on 07 Feb, 2024. Investors must apply within this period to participate.
The Apeejay Surrendra Park Hotels Limited IPO price band is set between ₹147.00 and ₹155.00 per share. The minimum lot size is 96, requiring an investment of at least ₹14880.00.
The Apeejay Surrendra Park Hotels Limited IPO shares are expected to be listed on 12 Feb, 2024, subject to regulatory approvals and final allotment.
You can track your Apeejay Surrendra Park Hotels Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Apeejay Surrendra Park Hotels Limited IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.