Apeejay Surrendra Park Hotels Limited

CLOSED

IPO Date: 5 Feb - 7 Feb 2024

Listing Date: 12 Feb 2024

Price Range

₹147 to ₹155 per share

Issue Size

920 Cr

Min Investment

14,112

Lot Size

96 Shares

Schedule of Apeejay Surrendra Park Hotels Limited

Issue open date

5 Feb 2024

Issue close date

7 Feb 2024

UPI mandate deadline

7 Feb 2024 (5 PM)

Allotment finalization

8 Feb 2024

Share credit

9 Feb 2024

Listing date

12 Feb 2024

Mandate end date

22 Feb 2024

Issue size

Funds Raised in the IPOAmount
Overall920 Cr
Fresh Issue Cr
Offer for Sale Cr

Allotment DetailsNew

Allotment TimelineDetails
Allotment Date8 Feb 2024
Allotment Link{Link}

Grey Market PremiumNew

Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.

DateIpo PriceGMPEstimated Listing Price

Performance Apeejay Surrendra Park Hotels Limited

Issue PriceListing GainCurrent Market PriceP/L
₹147 to ₹155 per share 470 (31.32%) 151.33-2.37%

About Apeejay Surrendra Park Hotels Limited

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.

Founded in1987
Managing director
Parent organization

Financial Overview

Strengths

    Risks

      Subscription Figures

      CategorySubscription (No. of times)
      Qualified Institutional Buyers (QIBs)79.23
      Non-Institutional Investors (NIIs)55.26
      Retail Individual Investors (RIIs)32
      Employee5.73
      Total62.91