Apeejay Surrendra Park Hotels Limited IPO of Rs 1,050.00 crores(Apeejay Surrendra Park IPO) Detail

The Sways

10 months ago

Apeejay Surrendra Park IPO is a book built issue of Rs 1,050.00 crores.The issue is a combination of fresh issue of Rs 650.00 crores and offer for sale of Rs 400.00 crores.

Apeejay Surrendra Park IPO dates are yet to be announced.

IPO price bands are yet to be announced.

Jm Financial Limited, Axis Bank Limited and ICICI Securities Limited are the book running lead managers of the IPO, while Link Intime India Private Ltd is the registrar for the issue.

Refer to the IPO DRHP for detailed information.

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.

Apeejay Surrendra Park IPO Details

IPO Date	to
Listing Date	[.]
Face Value	₹1 per share
Price	[.] to [.] per share
Lot Size
Total Issue Size	[.] shares (aggregating up to ₹1,050.00 Cr)
Fresh Issue	[.] shares (aggregating up to ₹650.00 Cr)
Offer for Sale	[.] shares of ₹1 (aggregating up to ₹400.00 Cr)
Issue Type	Book Built Issue IPO
Listing At	BSE, NSE
Share holding pre issue	174,661,760

Apeejay Surrendra Park IPO Reservation

Investor Category	Shares Offered
QIB Shares Offered	Not less than 75% of the Net Issue
Retail Shares Offered	Not more than 10% of the Net Issue
NII (HNI) Shares Offered	Not more than 15% of the Net Issue

Apeejay Surrendra Park IPO Promoter Holding

The promoters of the Company are Karan Paul, Priya Paul, Apeejay Surrendra Trust and Great Eastern Stores Private Limited.

Share Holding Pre Issue	94.18%
Share Holding Post Issue

Apeejay Surrendra Park Hotels Limited Financial Information (Restated Consolidated)

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	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	1,361.79	1,275.18	1,280.34
Revenue	524.43	267.83	190.29
Profit After Tax	48.06	-28.20	-75.88
Net Worth	555.68	508.51	536.28
Reserves and Surplus	538.22	491.05	518.81
Total Borrowing	566.88	622.68	593.44
Amount in ₹ Crore

Key Performance Indicator

KPI	Values
Debt/Equity	0.99
RoNW	9.03%

Objects of the Issue (Apeejay Surrendra Park IPO Objectives)

The company proposes to utilise the Net Proceeds towards funding the following objects:

Repayment/ prepayment, in full or in part of certain outstanding borrowings availed by the Company; and
General corporate purposes

Apeejay Surrendra Park Hotels Limited Contact Details

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/