Apeejay Surrendra Park Hotels IPO Review

 
Apeejay Surrendra Park Hotels IPO Review

IPO Open Date: February 5, 2024

IPO Close Date: February 7, 2024

IPO Price: ₹147 to ₹155 per share

Lot Size: 96 Shares

Listing: February 12, 2024

Apeejay Surrendra Park Hotels is scheduled to hit the market on February 05, 2024 and close on February 07, 2024. Apeejay Surrendra Park Hotels plans to raise around ₹920.00 Cr through an IPO with a sale of up to … equity shares of ₹1 each. The Retail offered 10%, QIB Shares Offered 75%, HNI Shares Offered 15%.

Founded in 1987, Apeejay Surrendra Park Hotels has emerged as a prominent player in the hospitality sector, boasting a diverse array of brands, including “THE PARK,” “THE PARK Collection,” “Zone by The Park,” “Zone Connect by The Park,” and the renowned retail brand ‘Flurys.' With a robust presence in the retail food and beverage industry, the company manages an extensive network comprising 80 restaurants, nightclubs, and bars, offering patrons an array of culinary experiences. The company has also made significant inroads in the hotel segment, operating 27 establishments across different categories, from luxury boutique to upscale and upper midscale, strategically located in key Indian cities.

As of August 2023, Apeejay Surrendra Park Hotels's hotel portfolio spans cities such as Kolkata, New Delhi, Chennai, Hyderabad, Bangalore, Mumbai, Coimbatore, Indore, Goa, Jaipur, Jodhpur, Jammu, Navi Mumbai, Visakhapatnam, Port Blair, and Pathankot, providing a total of 2,111 rooms. Complementing its hotel ventures, the company owns and manages a distinguished array of restaurants, including Zen, Lotus, Aish, Saffron, Fire, Italia, 601, The Bridge, The Street, Verandah, Vista, Bamboo Bay, Monsoon, Mist, Love, and Bazaar. With a dedicated workforce of 1,923 employees as of June 2023, Apeejay Surrendra Park Hotels continues to shape the hospitality and F&B landscape in India.

Apeejay Surrendra Park Hotels


Apeejay Surrendra Park Hotels IPO Details

Apeejay Surrendra Park Hotels IPO opens on Feb 05, 2024, and closes on Feb 07, 2024. The Listing date for Apeejay Surrendra Park Hotels IPO is on Feb 12, 2024. The price band for IPO is ₹147 to ₹155 per share and lot size of 96 Shares.

IPO DateFeb 05, 2024 to Feb 07, 2024
Listing DateFeb 12, 2024
Price₹147 to ₹155 per share
Lot Size96 Shares
Issue Size₹920.00 Cr
Face Value₹1 per share

Apeejay Surrendra Park Hotels IPO Tentative Timetable

Apeejay Surrendra Park Hotels opening date is February 05, 2024 and close date is February 07, 2024. The IPO allotment date is February 08, 2024. The refund initiation of IPO is on February 09, 2024. The credit of shares in demat account is on February 09, 2024. The listing date is on February 12, 2024.

EventDate
IPO OpeningFeb 05, 2024
IPO ClosingFeb 07, 2024
IPO Allotment DateFeb 08, 2024
Refund InitiationFeb 09, 2024
Shares Credit to DematFeb 09, 2024
Lisiting DateFeb 12, 2024

Apeejay Surrendra Park Hotels IPO Lot Size

Lot Size of this IPO is 96 shares. A retail-individual investor can apply for up to 13 lots (1248 shares or ₹193,440).

CategoryLotsSharesAmount
Retail(Minimum)196₹14,880
Retail(Maximum)131248₹193,440
S-HNI (Minimum)141,344₹208,320
B-HNI (Minimum)686,528₹1,011,840

Apeejay Surrendra Park Hotels IPO Promoter Holding

Pre Issue Share Holding94.18%
Post Issue Share Holding

Apeejay Surrendra Park Hotels IPO Review

Apeejay Surrendra Park Hotels Limited stands in comparison to peers in the hospitality sector as of March 31, 2023. With an EPS of 2.75 and a relatively modest P/E ratio of 8.65, the company showcases a conservative valuation. Notably, the Return on Net Worth (RoNW) is unspecified, underscoring the need for a closer examination of this critical financial metric. The comparison includes key players like Chalet Hotels Ltd, Lemon Tree Hotels Ltd, Indian Hotels Company Limited, Eih Limited, and Samhi Hotels Limited. While Apeejay Surrendra Park Hotels Limited demonstrates a favorable P/E ratio, investors should delve deeper into the undisclosed RoNW to gauge its financial health more comprehensively.

In contrast to its peers, Apeejay Surrendra Park Hotels Limited's lower P/E ratio may signal a potentially reasonable valuation. However, the significance of the earnings per share (EPS) at 2.75 should be contextualized within the industry landscape and the company's growth trajectory. The RoNW for Apeejay Surrendra Park Hotels Limited remains unspecified, a vital factor in assessing its overall financial stability. Prospective investors should consider a detailed evaluation of the company's business strategy, growth potential, and industry dynamics to make informed investment decisions. Additionally, reviews by retail investors can offer valuable insights into the market sentiment and perceptions surrounding the IPO.

While Apeejay Surrendra Park Hotels Limited exhibits financial metrics that suggest a measured valuation, a holistic IPO review demands a thorough understanding of its business fundamentals. As investors weigh the available information, due diligence and expert advice become imperative for making informed decisions in the dynamic hospitality sector. The lack of RoNW data emphasizes the need for a more nuanced analysis to grasp the company's financial standing comprehensively. Potential investors are encouraged to scrutinize the IPO in-depth and consider various factors before making investment choices.

Apeejay Surrendra Park Hotels IPO Subscription Status (Bidding Details)

Table not found

Apeejay Surrendra Park Hotels IPO Broker Recommendations

  • Capital Market: To be updated soon
  • Anand Rathi: To be updated soon
  • SMC Global: To be updated soon
  • Arihant Capital: To be updated soon

Apeejay Surrendra Park Hotels IPO FAQs

What is Apeejay Surrendra Park Hotels IPO?

Apeejay Surrendra Park Hotels is issuing …. equity shares with a face value of ₹1 each, totaling up to ₹920.00 Cr. The shares are being offered at a price of ₹147 to ₹155 each, with a minimum order quantity of 96 shares.

Link Intime India Private Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.

When Apeejay Surrendra Park Hotels IPO will open?

Apeejay Surrendra Park Hotels will open on February 05, 2024 for QIB, NII, and Retail Investors.

When Apeejay Surrendra Park Hotels IPO will end?

Apeejay Surrendra Park Hotels will end on February 07, 2024.

What is Apeejay Surrendra Park Hotels IPO Size?

Apeejay Surrendra Park Hotels IPO size is ₹920.00 Cr.

What is Apeejay Surrendra Park Hotels IPO Price Band?

Apeejay Surrendra Park Hotels price band is ₹147 to ₹155 per share.

What is the Apeejay Surrendra Park Hotels IPO Allotment Date?

Apeejay Surrendra Park Hotels allotment date is February 08, 2024.

What is the Apeejay Surrendra Park Hotels IPO Listing Date?

Apeejay Surrendra Park Hotels listing date is February 12, 2024. The IPO is to be listed on BSE and NSE.

How to Apeejay Surrendra Park Hotels IPO through Zerodha?

To apply for the IPO “Apeejay Surrendra Park Hotels” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.

How to Apply Apeejay Surrendra Park Hotels IPO through Upstox?

To apply for the IPO “Apeejay Surrendra Park Hotels” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.

How to check Apeejay Surrendra Park Hotels IPO Allotment Status?

For Apeejay Surrendra Park Hotels IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.

What is Apeejay Surrendra Park Hotels IPO GMP?

You can check out here: Apeejay Surrendra Park Hotels IPO GMP

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