IPO Details
Bidding Dates
05 Feb 24 - 07 Feb 24
Price Range ₹
147 - 155
Total Equity
₹ 920.47Cr
Lot Size
96
Exchange Status
NSE,BSE
IPO Doc
Subscription Rate
Non-Institutional Investor
30.35×
Qualified Institutional Buyers
75.14×
Employees
5.42×
Retail Investors
30.35×
Total subscription Rate
59.66×
IPO Timeline
Offer start
05 Feb 2024
Offer end
07 Feb 2024
Allotment
08 Feb 2024
Refund initiation
09 Feb 2024
Demat transfer
09 Feb 2024
Listing
12 Feb 2024
Offer start
05 Feb 2024
Offer end
07 Feb 2024
Allotment
08 Feb 2024
Refund initiation
09 Feb 2024
Demat transfer
09 Feb 2024
Listing
12 Feb 2024
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." Additionally, the company is involved in the retail food and beverage industry through its retail brand 'Flurys.' As of March 31, 2023, the company operates 80 restaurants, nightclubs, and bars, offering a diverse range of culinary experiences.
Year Founded
27-11-1987
Promotor Details
Priya Paul
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 94.18 | 68.14 |
| Share Capital | 164499760 | 145402986 |
Offer to Public
5,93,85,351.00 Cr
Project Details
- Repayment/prepayment of certain borrowings availed by our Company - 5500cr
- General corporate purposes - 162.3cr
Objectives
- Repayment/prepayment of certain borrowings availed by our Company
- andGeneral corporate purposes
Highlights
- Apeejay Surrendra Park Hotels Limited boasts a diverse range of brand names, allowing them to cater to different market segments and preferences.
- With hotels and restaurants in various cities across India, the company has established a wide geographic footprint, tapping into diverse markets.
- Operating numerous restaurants under different brand names, the company provides a wide selection of culinary experiences, catering to varied tastes and preferences.
- The company's hotel portfolio spans various categories, including luxury boutique, upscale, and upper midscale, offering a range of accommodation options to a diverse clientele.
- As of June 2023, the company boasts a substantial workforce of 1,923 employees, indicating the ability to manage and operate its extensive hospitality business effectively.
Challenges
- The company's primary focus on the hospitality industry may make it susceptible to economic downturns or disruptions in the travel and tourism sector.
- The hospitality sector is highly competitive, and the company may face challenges in maintaining market share and profitability amid intense competition.
- Economic fluctuations and uncertainties may impact consumer spending on hospitality services, affecting the company's revenue and profitability.
- The concentration of hotels and restaurants in specific cities may expose the company to risks associated with regional economic conditions and local market dynamics.
- Running a diverse portfolio of hotels and restaurants requires effective operational management, and any lapses in operational efficiency could negatively impact customer satisfaction and financial performance.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2024 | 1,476.11 | 21.34 | -5.92 | -5.92 | -0.3136 |
| 2020 | 1,337.48 | 17.47 | -282.02 | -280.94 | -1.6085 |
| 2021 | 12,803.39 | 174.66 | -5.92 | -5.92 | -0.3136 |
| 2023 | 1,361.79 | 17.47 | -7.87 | -7.94 | -0.4545 |
| 2022 | 12,751.76 | 174.66 | 9.89 | 10.20 | 0.5839 |
