Apeejay Surrendra Park Hotels Limited

Company Profile
Company Name Apeejay Surrendra Park Hotels Limited
Open Date 05-02-2024
Close Date 07-02-2024
Exchange BSE, NSE
Lot Size 96 Shares
Issue Price ₹147 to ₹155 per share
Issue Size 5,93,54,838 Equity Shares
Application Amount Min. Inv. - ₹ 14,880 (96 shares) Max. Inv. – ₹ 1,93,440 (1,248 shares)
Recommendation Risk_Averse - Should Wait Risk_Seekers - Should Apply

Apeejay Surrendra Park Hotels Limited was originally incorporated in the year 1987 and has its registered office in Kolkata, West Bengal India.The company operates hospitality assets under the brands, “THE PARK”, “THE PARK Collection”, “Zone by The Park”, “Zone Connect by The Park” and “Stop by Zone”.The company operates 30 hotels comprising 7 owned, 3 leased, and 20 managed hotels across luxury boutique upscale brands, and upper midscale category.The company has established a presence in the retail food and beverage industry through its retail brand ‘Flurys’.As of 30th September 2023, the Company had 2,030 employees on its payroll.

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Financial Summary in Cr.

For the Period Ended Mar-21 Mar-22 Mar-23 Sept-23
Total Assets 1,280.34 1,275.18 1,361.79 1,382.51
Net Assets 536.28 508.51 555.68 578.71
Total Borrowings 593.44 622.68 566.88 597.09
Total Revenue 190.29 267.83 524.43 272.31
Profit After Tax -75.88 -28.20 48.06 22.95

Tentative Timeline

Opening Date 05/02/2024
Closing Date 07-02-2024
Basis of Allotment 08-02-2024
Initiation of Refunds 09-02-2024
Credit of Shares to Demat 09-02-2024
Listing Date 12-02-2024

Objects of the Issue

Repayment and/or prepayment in part or in full of certain outstanding borrowings of the Company.
General corporate purposes.

Contact Information

Registered Office Apeejay Surrendra Park Hotels Limited 17, Park Street, kolkata 700 016
Phone +91 33 2249 9000
Email investorrelations @asphl.in
Website https://www.theparkhotels.com/

Registrar Details

Name Link Intime India Private Ltd
Phone +91-22-4918 6270
Email parkhotels.ipo@linkintime.co.in
Website https://linkintime.co.in/initial_offer/public-issues.html

IPO Reservation

QIB 17,612,903 (53.43%)
NII 8,806,452 (26.71%)
RII 5,870,968 (17.81%)
Anchor investors 26,419,354 (80.14%)

Shareholding Pattern

Share Holding Pre Issue (Promoters) 94.18%
Share Holding Post Issue (Promoters) 67.42%

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