₹ 14880 / 96 shares
IPO Details
Issue Date
05 Feb - 7 Feb'24
Investment/lot
₹ 14880
Price Range
147 - 155
Lot Size
96
IPO Size
₹ 920.47 Cr
IPO Listing Details
Listing On
12 Feb'24
Issue Price
155
Listed Price
₹ 186
Retail Gain/Listing Gain
▲20.00%
IPO Timeline
Company Background
Among hotel chains with asset ownership, Apeejay Surrendra Park Hotels Limited ranks as the eighth largest in India regarding chain-affiliated hotel rooms inventory as of September 30, 2023 (Source: Horwath HTL Report).
With a long-standing expertise of over 55 years in the hospitality business of owning and operating hotels, the company operates hospitality assets under their brand names, “THE PARK,” “THE PARK Collection,” “Zone by The Park,” “Zone Connect by The Park” and “Stop by Zone.”
Competitive Strengths
Successful hospitality brands through product innovation and service excellence
High occupancy rate and REVPAR with a strong financial and operational track record
A diversified Pan India portfolio of owned, leased and managed hotels that are strategically located across metros and emerging cities
Risk Factors
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The company is exposed to risks associated with the delay in development of hotel properties and land banks.
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The company is exposed to risks associated with the construction and development of serviced apartments.
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The company is not in compliance with certain financing agreements from the past and had delays in repayment of certain long-term rupee loans and working capital loans.
Key Strategies
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Continued focus on the development of existing land banks and strategic allocation of capital.
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Optimise capital efficiency.
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Improving operational efficiency to achieve superior performance.
Apeejay Surrendra Park Hotels Ltd Key Financials
Here are the key financials for Apeejay Surrendra Park Hotels Ltd:
Particulars (in Rs. million)
Particulars (in Rs. million)
How to apply for IPO through ASBA
Kotak Securities
•4m 01s
How to apply for an IPO using UPI
Kotak Securities
•01m 19s
How to apply for an IPO using UPI
Opening of account will not guarantee allotment of shares in IPO. Investors are requested to do their own due diligence before investing in any IPO.
How To Apply for Apeejay Surrendra Park Hotels Ltd IPO?
Here are the steps to apply for Apeejay Surrendra Park Hotels Ltd IPO:
Step 1: Log in to your Kotak Securities Demat account Log in to your Demat account to access IPO investments. Next, select the current IPO section.
Step 2: Specify IPO details Enter the number of lots and the price you wish to apply for.
Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.
Step 4: Mandate Notification Your UPI app will receive a mandate notification to block funds.
Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.
Apeejay Surrendra Park Hotels Ltd IPO FAQs
When is Apeejay Surrendra Park Hotels Ltd IPO listing date?
Apeejay Surrendra Park Hotels Ltd will list on 2024-02-12.
What is the issue size of Apeejay Surrendra Park Hotels Ltd IPO?
920.47 is the issue size of Apeejay Surrendra Park Hotels Ltd IPO.
What is the minimum lot size required for Apeejay Surrendra Park Hotels Ltd IPO?
The minimum lot size is 96 shares and the investment required is ₹14880.
What is the price band of the Apeejay Surrendra Park Hotels Ltd IPO?
The price band of Apeejay Surrendra Park Hotels Ltd IPO is ₹147 to ₹155.
What is the Apeejay Surrendra Park Hotels Limited IPO?
The Apeejay Surrendra Park Hotels Limited IPO has an issue size of Rs. 920 crores. The IPO opens for subscription on 5th February and closes on 7th February 2023.
Who is the Registrar for Apeejay Surrendra Park Hotels Limited IPO?
Link Intime India Private Limited is the registrar for this IPO.
Where can I read more about Apeejay Surrendra Park Hotels Limited’s business?
You may read more about Apeejay Surrendra Park Hotels Limited and its IPO from the company’s red herring prospectus (DRHP) here: Apeejay Surrendra Park Hotels Limited DRHP
