Apeejay Surrendra Park Hotels Limited
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Feb 5 to Feb 7, 2024
Price Band
₹147-155
Current GMP
₹186 (20%)
Subscription
62.91 times
IPO Details
| IPO Date | February 5, 2024 to February 7, 2024 |
| Listing Date | Monday, February 12, 2024 |
| Face Value | ₹1 per share |
| Price Band | ₹147 to ₹155 per share |
| Lot Size | 96 Shares |
| 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) |
| Employee Discount | Rs 7 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 174,661,760 |
| Share holding post issue | 213,371,437 |
IPO Date
February 5, 2024 to February 7, 2024
Listing Date
Monday, February 12, 2024
Face Value
₹1 per share
Price Band
₹147 to ₹155 per share
Lot Size
96 Shares
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)
Employee Discount
Rs 7 per share
Issue Type
Book Built Issue IPO
Listing At
BSE, NSE
Share holding pre issue
174,661,760
Share holding post issue
213,371,437
IPO Subscription Details
| Anchor Investors | 1 |
| Qualified Institutions | 79.23 |
| Non-Institutional Buyers | 55.26 |
| bNII (bids above ₹10L) | 61.55 |
| sNII (bids below ₹10L) | 42.68 |
| Retail Investors | 32.00 |
| Employees | 5.73 |
| Total ** | 62.91 |
Anchor Investors
1
Qualified Institutions
79.23
Non-Institutional Buyers
55.26
bNII (bids above ₹10L)
61.55
sNII (bids below ₹10L)
42.68
Retail Investors
32.00
Employees
5.73
Total **
62.91
Day Wise Sub
| Day | QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|---|
| Day 1 Feb 5, 2024 | 1.23 | 3.44 | 6.16 | 0.80 | 2.69 |
| Day 2 Feb 6, 2024 | 1.33 | 10.93 | 13.97 | 2.25 | 6.17 |
| Day 3 Feb 7, 2024 | 79.23 | 55.26 | 32.00 | 5.73 | 62.91 |
DayDay 1
Feb 5, 2024
QIB1.23
NII3.44
Retail6.16
EMP0.80
Total2.69
DayDay 2
Feb 6, 2024
QIB1.33
NII10.93
Retail13.97
EMP2.25
Total6.17
DayDay 3
Feb 7, 2024
QIB79.23
NII55.26
Retail32.00
EMP5.73
Total62.91
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 12-02-2024 | 155.00 | 38 (24.52%) | 193 |
| 11-02-2024 | 155.00 | 38 (24.52%) | 193 |
| 10-02-2024 | 155.00 | 39 (25.16%) | 194 |
| 09-02-2024 | 155.00 | 37 (23.87%) | 192 |
| 08-02-2024 | 155.00 | 41 (26.45%) | 196 |
| 07-02-2024 | 155.00 | 41 (26.45%) | 196 |
| 06-02-2024 | 155.00 | 34 (21.94%) | 189 |
| 05-02-2024 | 155.00 | 33 (21.29%) | 188 |
| 04-02-2024 | 155.00 | 60 (38.71%) | 215 |
| 03-02-2024 | 155.00 | 65 (41.94%) | 220 |
| 02-02-2024 | 155.00 | 70 (45.16%) | 225 |
| 01-02-2024 | 155.00 | 44 (28.39%) | 199 |
| 31-01-2024 | 155.00 | 25 (16.13%) | 180 |
Date12-02-2024
Price155.00
GMP38 (24.52%)
Estimate List Price193
Date11-02-2024
Price155.00
GMP38 (24.52%)
Estimate List Price193
Date10-02-2024
Price155.00
GMP39 (25.16%)
Estimate List Price194
Date09-02-2024
Price155.00
GMP37 (23.87%)
Estimate List Price192
Date08-02-2024
Price155.00
GMP41 (26.45%)
Estimate List Price196
Date07-02-2024
Price155.00
GMP41 (26.45%)
Estimate List Price196
Date06-02-2024
Price155.00
GMP34 (21.94%)
Estimate List Price189
Date05-02-2024
Price155.00
GMP33 (21.29%)
Estimate List Price188
Date04-02-2024
Price155.00
GMP60 (38.71%)
Estimate List Price215
Date03-02-2024
Price155.00
GMP65 (41.94%)
Estimate List Price220
Date02-02-2024
Price155.00
GMP70 (45.16%)
Estimate List Price225
Date01-02-2024
Price155.00
GMP44 (28.39%)
Estimate List Price199
Date31-01-2024
Price155.00
GMP25 (16.13%)
Estimate List Price180
IPO Important Dates
| IPO Open Date | Monday, February 5, 2024 |
| IPO Close Date | Wednesday, February 7, 2024 |
| Basis of Allotment | Thursday, February 8, 2024 |
| Initiation of Refunds | Friday, February 9, 2024 |
| Credit of Shares to Demat | Friday, February 9, 2024 |
| Listing Date | Monday, February 12, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 7, 2024 |
IPO Open Date
Monday, February 5, 2024
IPO Close Date
Wednesday, February 7, 2024
Basis of Allotment
Thursday, February 8, 2024
Initiation of Refunds
Friday, February 9, 2024
Credit of Shares to Demat
Friday, February 9, 2024
Listing Date
Monday, February 12, 2024
Cut-off time for UPI mandate confirmation
5 PM on February 7, 2024
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 96 | ₹14,880 |
| Retail (Max) | 13 | 1248 | ₹193,440 |
| S-HNI (Min) | 14 | 1,344 | ₹208,320 |
| S-HNI (Max) | 67 | 6,432 | ₹996,960 |
| B-HNI (Min) | 68 | 6,528 | ₹1,011,840 |
ApplicationRetail (Min)
Lots1
Shares96
Amount₹14,880
ApplicationRetail (Max)
Lots13
Shares1248
Amount₹193,440
ApplicationS-HNI (Min)
Lots14
Shares1,344
Amount₹208,320
ApplicationS-HNI (Max)
Lots67
Shares6,432
Amount₹996,960
ApplicationB-HNI (Min)
Lots68
Shares6,528
Amount₹1,011,840
Financial Information
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 1,382.51 | 1,361.79 | 1,275.18 |
| Revenue | 272.31 | 524.43 | 267.83 |
| Profit After Tax | 22.95 | 48.06 | -28.20 |
| Net Worth | 578.71 | 555.68 | 508.51 |
| Reserves and Surplus | 561.24 | 538.22 | 491.05 |
| Total Borrowing | 597.09 | 566.88 | 622.68 |
Period EndedPeriod Ended
30 Sep 202330 Sep 2023
31 Mar 202331 Mar 2023
31 Mar 202231 Mar 2022
Period EndedAssets
30 Sep 20231,382.51
31 Mar 20231,361.79
31 Mar 20221,275.18
Period EndedRevenue
30 Sep 2023272.31
31 Mar 2023524.43
31 Mar 2022267.83
Period EndedProfit After Tax
30 Sep 202322.95
31 Mar 202348.06
31 Mar 2022-28.20
Period EndedNet Worth
30 Sep 2023578.71
31 Mar 2023555.68
31 Mar 2022508.51
Period EndedReserves and Surplus
30 Sep 2023561.24
31 Mar 2023538.22
31 Mar 2022491.05
Period EndedTotal Borrowing
30 Sep 2023597.09
31 Mar 2023566.88
31 Mar 2022622.68
Key Performance Indicator
| Debt/Equity | 0.99 |
| RoNW | 9.03% |
| P/BV | 4.87 |
| EPS (Rs) | 2.75 |
Debt/Equity
0.99
RoNW
9.03%
P/BV
4.87
EPS (Rs)
2.75
IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 26,419,354 (44.49%) | NA |
| QIB Shares Offered | 17,612,903 (29.66%) | NA |
| NII (HNI) Shares Offered | 8,806,452 (14.83%) | |
| bNII > ₹10L | 5,870,967 (9.89%) | 4,368 |
| sNII < ₹10L | 2,935,484 (4.94%) | 2,184 |
| Retail Shares Offered | 5,870,968 (9.89%) | 61,155 |
| Employee Shares Offered | 675,675 (1.14%) | NA |
| Total Shares Offered | 59,385,352 (100%) |
Investor CategoryAnchor Investor Shares Offered
Shares Offered26,419,354 (44.49%)
Maximum AllotteesNA
Investor CategoryQIB Shares Offered
Shares Offered17,612,903 (29.66%)
Maximum AllotteesNA
Investor CategoryNII (HNI) Shares Offered
Shares Offered8,806,452 (14.83%)
Maximum Allottees
Investor CategorybNII > ₹10L
Shares Offered5,870,967 (9.89%)
Maximum Allottees4,368
Investor CategorysNII < ₹10L
Shares Offered2,935,484 (4.94%)
Maximum Allottees2,184
Investor CategoryRetail Shares Offered
Shares Offered5,870,968 (9.89%)
Maximum Allottees61,155
Investor CategoryEmployee Shares Offered
Shares Offered675,675 (1.14%)
Maximum AllotteesNA
Investor CategoryTotal Shares Offered
Shares Offered59,385,352 (100%)
Maximum Allottees
Information 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
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