Apeejay Surrendra Park Hotels Ltd

Hotels & Restaurants

Offer Period :

5th to 2nd Feb 2024

Apeejay Surrendra Park Hotels Ltd IPO Details

IPO Date 5th to 2nd Feb 2024 Minimum Investment ₹14880 / 1 Lots
Listing Date 2024-02-12 Maximum Investment ₹193440 / 13 Lots
Face Value ₹1 per share Total Issue Size ₹920 Crores
Price ₹155 to ₹155 per share Fresh Issue ₹600 Crores
Lot Size 1 Lots (96 Shares) Offer For Sale ₹ 320
Listing At BSE, NSE Retail Discount ₹ 0
Employee Discount ₹ 0    
IPO Date 5th to 2nd Feb 2024
Listing Date 2024-02-12
Face Value ₹1 per share
Price ₹155 to ₹155 per share
Lot Size 1 Lots (96 Shares)
Listing At BSE, NSE
Employee Discount ₹0 Crores
Minimum Investment ₹14880 / 1 Lots
Maximum Investment ₹193440 / 13 Lots
Total Issue Size ₹920 Crores
Fresh Issue ₹600 Crores
Offer For Sale
Retail Discount ₹ 0

Tentative Timeline

Important dates for allocation and IPO listing.

5th Feb

IPO Starts

7th Feb

IPO Ends

8th Feb

Allotment Date

9th Feb

Initiation of Refund

9th Feb

Credit of Shares to Demat Account

12th Feb

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 47.24 0
Public Group 52.76 100

Apeejay Surrendra Park Hotels Ltd IPO Reservation

QIB Shares Offered 17612904(29.67%)
NII (HNI) Shares Offered 8806452(14.84%)
Retail Shares Offered 5870968(9.89%)
Anchor Investor Shares Offered 26419356(44.51%)
Total Shares Offered 59354840
Total Shares With Anchor Investor 59354840

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Apeejay Surrendra Park Hotels Ltd IPO Registrar

Link Intime India Pvt Ltd
Phone Number +91 810 811 4949
Email Id parkhotels.ipo@linkintime.co.in
Our Website www.linkintime.co.in

Apeejay Surrendra Park Hotels Ltd IPO Lead Manager

1. JM Financial Ltd

2. Axis Capital Ltd

3. ICICI Securities Ltd

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Apeejay Surrendra Park Hotels Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of Apeejay Surrendra Park Hotels Ltd

1. The Company has built successful hospitality brands through product innovation and service excellence to attract customer through a diversified and holistic offering.

2. A diversified Pan India portfolio of owned, leased and managed hotels that are strategically located across metros and emerging cities.

3. High occupancy rate and REVPAR with a strong financial and operational track record.

4. High F&B and Entertainment contributions which adds to stable and non-cyclical earnings while complementing the hotel business.

5. "Flurys" is an iconic brand with a successful and profitable track record of industry leading EBITDA margins.

6. Dedicated and experienced leadership team with high standards of corporate governance.

Risks Involved

1. The company is exposed to risks associated with the delay in development of its hotel properties and land banks. Any delay in the construction of new hotel buildings or expansion of its existing properties may have an adverse effect on the company's business, results of operations, financial condition, and cash flows.

2. The company is exposed to risks associated with the construction and development of serviced apartments at EM Bypass, which is a one-off project of the Company and of which the Company has no prior experience.

3. The company wes not in compliance with certain covenants under certain of its financing agreements in the past and had delays in repayment of certain long-term rupee loans and working capital loans. In case of any breach of covenants or delay in repayment of facilities in the future, such non-compliance, if not waived, could adversely affect its business, results of operations, cash flows, and financial condition.

4. There are certain instances of delays in payment of statutory dues or non-payment of statutory dues on account of certain disputes. Any delay in payment of such statutory dues or non-payment of statutory dues in dispute may attract financial penalties from the respective government authorities and in turn may have an adverse impact on its financial condition and cash flows.

5. Majority portion of its hotel bookings (approximately 49% of the company total room bookings contributing about 49% of its total room revenue for Fiscal 2023) originate from online travel agents and intermediaries. In the event such online travel agents and intermediaries continue to gain market share compared to its direct booking channels, they may be able to negotiate higher commissions for services provided, or demand significant concessions or reduced room rates causing an adverse effect on its margins, business, and results of operations.

6. The company has had restated losses in the past. Any losses in the future could adversely affect its financial condition, results of operations and cash flows.

7. Its Statutory Auditors have included an emphasis of matter and other matters in their audit reports and other audit qualifications in the annexure to the auditors' reports issued under the Companies (Auditor's Report) Order, 2016 for Fiscal 2021, and the Companies (Auditor's Report) Order, 2020 for Fiscals 2022, and 2023.

8. The company derives a significant portion of its room revenue from corporate accounts and from leisure customers, contributing approximately 80% of the total room revenue comprising approximately 40% each from corporate accounts and leisure customers in Fiscal 2023. Changes in travellers' preferences due to increased use of telepresence equipment, cost of travel, spending habits, and other factors may adversely affect the demand for hotel rooms leading to adverse effect on its business, results of operations, financial condition, and cash flows.

9. Credit rating downgrades may increase its cost of capital and future fund raising may cause a dilution in your shareholding or place restrictions on its operations.

10. The company has incurred indebtedness which requires significant cash flows to service, and this, together with the conditions and restrictions imposed by its financing arrangements, fluctuations in the interest rates may limit its ability to operate freely and grow its business.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
  2023 2022 2021
Total Assets 1361.79 1275.18 1280.34
Total Liabilities 1361.79 1275.18 1280.34
Total Expenses 458.96 309.62 262.02
Total Revenue 
524.43 267.83 190.29
Profit After Tax 48.1 -28.09 -75.78
EBITDA 177.1 58.29 7.78
Adjusted EBITDA 0 0 0

Apeejay Surrendra Park Hotels Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-02-12 544111 PARKHOTELS
INE988S01028
₹155 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹155 ₹155
Open ₹187 ₹186
Low ₹170.15 ₹171.25
High ₹223.5 ₹223.2
Low ₹170.15 ₹171.25

Frequently Asked Questions

What is Apeejay Surrendra Park Hotels Ltd IPO?

Answer Field

Apeejay Surrendra Park Hotels Ltd IPO is a Mainboard IPO of 5,93,54,840 equity shares of a face value of ₹1 aggregating up to ₹920 Crores. The issue is priced at ₹155 to ₹155 per share. The minimum order quantity is 96 Shares. The IPO opens on February 05, 2024, and closes on February 07, 2024. Link Intime India Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE,NSE.

When Apeejay Surrendra Park Hotels Ltd IPO will open?

Answer Field

The Apeejay Surrendra Park Hotels Ltd IPO opens on February 05, 2024 and closes on February 07, 2024.

What is the lot size of Apeejay Surrendra Park Hotels Ltd?

Answer Field

Apeejay Surrendra Park Hotels Ltd lot size is 96 shares, and the minimum amount required is ₹14,880.

How to apply for Apeejay Surrendra Park Hotels Ltd IPO?

Answer Field

You can apply in Apeejay Surrendra Park Hotels Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Apeejay Surrendra Park Hotels Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Apeejay Surrendra Park Hotels Ltd IPO will be done on February 08, 2024, and the allotted shares will be credited to your demat account by February 09, 2024.

When is Apeejay Surrendra Park Hotels Ltd IPO listing date?

Answer Field

The Apeejay Surrendra Park Hotels Ltd listing date is February 12, 2024.

Who is the registrar of Apeejay Surrendra Park Hotels Ltd IPO?

Answer Field

The registrar of Apeejay Surrendra Park Hotels Ltd IPO is Link Intime India Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

JM Financial Ltd,Axis Capital Ltd,ICICI Securities Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Apeejay Surrendra Park Hotels Ltd IPO?

Answer Field

The fresh issue size is ₹600 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Apeejay Surrendra Park Hotels Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 96 shares and ₹14,880 amount.

How can I approve the UPI mandate request for Apeejay Surrendra Park Hotels Ltd IPO?

Answer Field

To apply for Apeejay Surrendra Park Hotels Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Apeejay Surrendra Park Hotels Ltd?

Answer Field

The price of each Apeejay Surrendra Park Hotels Ltd share will be ranging in between ₹155 to ₹155 per share.

What is the cut-off time for the UPI mandate for Apeejay Surrendra Park Hotels Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, February 07, 2024.

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