Apeejay Surrendra Park Hotels IPO

Apeejay Surrendra Park Hotels Limited

₹14,112 /96 sharesMinimum Investment

Apeejay Surrendra Park Hotels IPO Listing DetailsListed OnIssue PriceListing PriceListing Gains
BSE & NSE₹155.00₹187.00₹32.00 (20.65%)
Apeejay Surrendra Park Hotels IPO DetailsBidding DatesMin. InvestmentLot SizePrice Range
5 Feb ‘24 - 7 Feb ‘24₹14,11296₹147 - ₹155
Issue SizeIPO Doc
920.00CrRHP PDF
Subscription rate
Qualified Institutional Buyers75.14x
Non-Institutional Investor52.41x
Retail Individual Investor30.35x
Employees5.42x
Total59.66x
About the company
Apeejay Surrendra Park Hotels is a hotel chain in India that operates a portfolio of hospitality assets. The company was established in 1987 and its offerings range from luxury boutique accommodations under the "THE PARK" brand to the "THE PARK Collection." The company also serves the upper-midscale market through "Zone by The Park" and "Zone Connect by The Park." In the economy sector, the company runs motel brand "Stop by Zone." Beyond the hotel industry, Apeejay Surrendra is also into the retail food and beverage sector with "Flurys,". The company operated 80 restaurants, nightclubs and bars across India as of March 31, 2023.;Founded in
1987
Managing director
Mr. Vijay Dewan
Parent organisation
Apeejay Surrendra Park Hotels Limited
Strength and risksStrengths
Risks
Apeejay Surrendra Park Hotels holds the eighth position in India's chain-affiliated hotel room inventory, with approximately 1,300 rooms, constituting 2.80% of the total inventory as of September 30, 2023.
The company collaborates with renowned Indian and international designers, including Conran and Partners (UK), Skidmore, Owings & Merrill (New York), and Project Orange, to create distinctive spaces in its hotel properties. Notable projects include "Zone by The Park" and the music and entertainment club "SOME PLACE ELSE" in Mumbai.
The company had achieved a Compound Annual Growth Rate (CAGR) of 21.56% in its hotel portfolio expansion during the six months ended September 30, 2023, and the last three years.
"Zone by the Park" has expanded to 11 cities with 624 rooms, while "Zone Connect by The Park" is present in seven cities with 409 rooms. 
Operating in the upscale to upper midscale category, Apeejay Surrendra Park Hotels manages 30 hotels with a pan-India presence, totalling 2,298 rooms. The company opened 13 managed and leased hotels in the last three years, adding 686 rooms to its portfolio.
The company has achieved occupancy levels of 92.76%, 91.50%, and 91.55% for owned hotels during the six months ended September 30, 2023, September 30, 2022, and the year ended March 31, 2023, respectively.
The company also offers banquet and conference spaces across its Indian hotel properties.
The retail food and beverage brand "Flurys" under Apeejay Surrendra Park Hotels operates 73 outlets in various formats, such as kiosks, cafes, and restaurants in India.
Financials
*All values are in Rs. Cr
No Graph Data To Display
Application detailsApply asPrice bandApply upto
Regular₹147 - 155₹2 Lakh
Employee₹140 - 148₹2 Lakh
High Networth Individual₹147 - 155₹2 - 5 Lakh
For Apeejay Surrendra Park Hotels IPO, eligible investors can apply as Regular & Employee.

Listed On	Issue Price	Listing Price	Listing Gains
BSE & NSE	₹155.00	₹187.00	₹32.00 (20.65%)

Bidding Dates	Min. Investment	Lot Size	Price Range
5 Feb ‘24 - 7 Feb ‘24	₹14,112	96	₹147 - ₹155

Issue Size	IPO Doc
920.00Cr	RHP PDF

Apply as	Price band	Apply upto
Regular	₹147 - 155	₹2 Lakh
Employee	₹140 - 148	₹2 Lakh
High Networth Individual	₹147 - 155	₹2 - 5 Lakh

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Qualified Institutional Buyers	75.14x
Non-Institutional Investor	52.41x
Retail Individual Investor	30.35x
Employees	5.42x
Total	59.66x