Apeejay Surrendra Park Hotels Limited IPO

Price
₹147 - ₹155
Lot
96
Subs.
62.91
Expected Listing Earning

Exp. Premium(GMP):
35.00(22.58%)
IPO Details

Open Date: 05-Feb-2024
Close Date: 07-Feb-2024
Allotment Date: 08-Feb-2024
Listing Date: 12-Feb-2024
Listing Price: N/A
Face Value: ₹1 Per Equity Share
Issue Price: ₹147-155 Per Equity Share
Issue Size: Total Issue Size 59,354,838 shares (aggregating up to ₹920.00 Cr) : Fresh Issue 38,709,677 shares (aggregating up to ₹600.00 Cr) : Offer for Sale 20,645,161 shares of ₹1 (aggregating up to ₹320.00 Cr)
Market Lot (Min Amount): Retail - ₹14,880 : S-HNI - ₹208,320 : B-HNI - ₹1,011,840
Subscription Details Updated at End of the Day

As on

QIB

Nll

Rll

EMP

Total

Shares Offered/Reserved17,612,9038,806,4525,870,968675,67532,965,998
Day 1 - 05-02-24 
05:00 PM
1.23x3.44x6.16x0.80x2.69x
Day 2 - 06-02-24 
05:00 PM
1.33x10.93x13.97x2.25x6.17x
Day 3 - 07-02-24 
05:00 PM
79.23x55.26x32.00x5.73x62.91x
Total No. of Application:1,895,231 (Approx.)
Retail Subscription on the basis of Apps:30.99x
Valuations

Earning Per Share(EPS)2.75/-
P/E Ratio56.33
RoNW9.03%
Net Asset Value (NAV) - Post Issue:31.81/-
Company Financials (in Crore)

 Total AssetsTotal RevenueProfit After Tax
31 Sep,20231,382.51272.3122.95
31 Mar,20231,361.79524.4348.06
31 Mar,20221,275.18267.83-28.20
31 Mar,20211,280.34190.29-75.88
Promoter(s)

Pre Issue Share Holding94.18%
Post Issue Share Holding68.13%
Company Promoter(s)
1. Karan Paul
2. Priya Paul
3. Apeejay Surrendra Trust
4. Great Eastern Stores Private Limited
Issue Objective(s)

The company proposes to utilise the Net Proceeds towards funding the following objects:

  1. Repayment/ prepayment, in full or in part of certain outstanding borrowings availed by the Company; and
  2. General corporate purposes
About Company

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.

Disclaimer

No financial information whatsoever published anywhere, within this application, should be considered as an advise to buy or sell securities or invest in IPOs, or as guide to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. 

Also we are not a SEBi registered analyst comapny. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this application. Above information is based on information available as on date coupled with market perceptions.

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