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IPO Status: Listed [5th Feb 2024 to 7th Feb 2024]
Apeejay Surrendra Park IPO, a Mainline IPO of ₹920.00 Cr was launced on 05-02-2024 to 07-02-2024 and the shares got listed on BSE, NSE on 12-02-2024.
The public issue of Apeejay Surrendra Park IPO (PARKHOTELS,544111) was offered at ₹155.00 per share and the ipo was listed at ₹186. It has delivered listing gain of 20.00%.
As the minimum lot size was 96 shares, the IPO has offered Rs 2976 per lot return on listing.
| IPO Issue Opening Date: | 5th Feb 2024 |
| IPO Issue Closing Date: | 7th Feb 2024 |
| IPO Issue Price: | ₹147.00-155.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | BSE, NSE |
| Retail Quota: | Not more than 10% of the Net Issue |
| IPO Issue Type: | Book Build Issue |
| IPO Issue Size: | ₹920.00 Cr |
| Offer for Sale: | ₹320.00 Cr |
| Fresh Issue: | ₹600.00 Cr |
| Face Value: | ₹1 Per Equity Share |
| IPO Discount: | Emplopee:7.00 |
| Promoter Holding Pre IPO: | 94.18% |
| Promoter Holding Post IPO: | 68.13% |
| Allotment Status: | Allotment Status |
| BSE Code: | 544111 |
| NSE Code: | PARKHOTELS |
Get important updates regarding Apeejay Surrendra Park IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 8th Feb 2024 |
| Refunds Initiation* | 9th Feb 2024 |
| Credit of Shares to Demat* | 9th Feb 2024 |
| IPO Listing Date* | 12th Feb 2024 |
* - Tentative Dates
| IPO Activity | Date |
|---|---|
| Issue Price | ₹147.00-155.00 |
| Market Lot: | 96 Shares |
| 1 Lot Amount: | ₹14880 |
| Min Small HNI Lots(2-10 Lakh): | 1344 shares (14 lots) |
| Min Big HNI Lots(10+ Lakh): | 6528 shares (68 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 12-02-2024 | 155.00 | 38 | 2800/39200 | ₹193 (24.52%) | 12-Feb-2024 9:29 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Appejay Surrendra Park Hotels commonly known as The Park Hotels is the 8th largest hotel chain in India.
“THE PARK” is the pioneer of luxury boutique hotels in India and the first hotel under the brand was launched in Kolkata. It also owns other brands including “THE PARK Collection”, “Zone by The Park”, “Zone Connect by The Park” and “Stop by Zone”.
Currently, the company has 27 hotels across luxury boutique, upscale, and upper-midscale categories. Most of the hotels are located in the metros such as Kolkata, New Delhi, Chennai, Bangalore, Hyderabad, Mumbai, and also in other cities i.e., Indore, Coimbatore, Jaipur, Jodhpur, Navi Mumbai, Jammu, Port Blair, Vishakhapatnam, etc.
As of March 31, 2023, THE PARK hotels has recorded RevPAR of Rs 5,571 with a high occupancy rate of 91.77%
It also owns a retail brand “Flurys” which operates in the retail food and beverage industry. As of March 31, 2023, the hotel operates 80 restaurants, nightclubs, and bars. It has developed multiple brands such as Zen, Someplace Else, Tantra, Roxy, iBar, The Leather Bar, Pasha and Aqua.
| Incorporation | Sector | IPO Issue Size | Website |
| 1987 | Hotels & Resorts | ₹920.00 Cr | https://www.theparkhotels.com/ |
The company proposes to utilise the Net Proceeds towards funding the following objects:
The table below is live update of IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | EMP | Total | |
|---|---|---|---|---|---|---|
| # of Shares Offered | 17,612,903 (53.43%) | 8,806,452 (26.71%) | 5,870,968 (17.81%) | 675,675 | 32,965,998 | |
| 1 | 5th Feb 2024 19:04 | 1.23x | 3.44x | 6.16x | 0.80x | 2.69x |
| 2 | 6th Feb 2024 19:04 | 1.33x | 10.93x | 13.97x | 2.25x | 6.17x |
| 3 | 7th Feb 2024 19:04 | 79.23x | 55.26x | 32.00x | 5.73x | 62.91x |
Apeejay Surrendra Park Hotels Limited's revenue increased by 95.81% and profit after tax (PAT) rose by 270.42% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 1,382.51 | 1,361.79 | 1,275.18 | 1,280.34 |
| Revenue | 272.31 | 524.43 | 267.83 | 190.29 |
| Profit After Tax | 22.95 | 48.06 | -28.20 | -75.88 |
| Net Worth | 578.71 | 555.68 | 508.51 | 536.28 |
| Reserves and Surplus | 561.24 | 538.22 | 491.05 | 518.81 |
| Total Borrowing | 597.09 | 566.88 | 622.68 | 593.44 |
| Amount in ₹ Crore | ||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Apeejay Surrendra Park Hotels Limited | 2.75 | 2.75 | 31.81 | 8.65 | Consolidated | |
| Chalet Hotels Ltd | 9.06 | 9.06 | 75.33 | 54.38 | 12.03 | Consolidated |
| Lemon Tree Hotels Ltd | 1.45 | 1.45 | 10.78 | 65.3 | 16.46 | Consolidated |
| Indian Hotels Company Limited | 7.06 | 7.06 | 56.2 | 54.82 | 13.19 | Consolidated |
| Eih Limited | 5.03 | 5.03 | 53.96 | 41.75 | 9.75 | Consolidated |
| Samhi Hotels Limited | -47.48 | -47.48 | 2.51 | Consolidated |
Last Updated on 16-Feb-2024 06:02:43
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Apeejay Surrendra Park IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Apeejay Surrendra Park IPO with Zerodha.
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Apeejay Surrendra Park IPO Review and Important Updates
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To subscribe or apply in Apeejay Surrendra Park IPO, you can use the following methods:
| Apeejay Surrendra Park IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Apeejay Surrendra Park IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Apeejay Surrendra Park IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Apeejay Surrendra Park IPO. Most of the Syndicate Banks provide access to apply in Apeejay Surrendra Park IPO via ASBA process. You must have your net banking access, DP ID information to apply in Apeejay Surrendra Park IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Apeejay Surrendra Park IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Apeejay Surrendra Park IPO Review and Important Updates
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Applying in Apeejay Surrendra Park IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download Apeejay Surrendra Park IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.
For more details on how to use UPI payment method to apply Apeejay Surrendra Park IPO, please refer article >> Link
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Steps to download the online application form for Apeejay Surrendra Park IPO
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Apeejay Surrendra Park IPO is going to be list on 12-02-2024. NSE Code for Apeejay Surrendra Park is PARKHOTELS. BSE Code for Apeejay Surrendra Park is 544111.
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Apeejay Surrendra Park IPO Allotment Date is 08-02-2024.
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One can invest, but do not expect big returns. The grey market premium can quickly turn negative if the marhet sentiment turns by the time it makes the listing.