Apeejay Surrendra Park Hotels IPO: The exciting first-time opportunity to buy shares in Apeejay Surrendra Park Hotels Limited is here! The chance to bid on these shares starts on Monday, February 5, 2024, and ends on Wednesday, February 7, 2024. Now, investors can eagerly participate in the initial public offering of this hotel company.
Apeejay Surrendra Park Hotels IPO
Apeejay Surrendra Park Hotels is going to have its IPO from February 5 to February 7, 2024. During this time, people can buy shares in the company at a price between Rs 147 and Rs 155 per share.
If you want to buy shares in the IPO, you need to get at least 96 shares, and after that, you can buy more in multiples of 96 shares. The company hopes to collect around Rs 920 crore from this IPO. They plan to get Rs 400 crore from selling new shares and Rs 520 crore from existing shareholders selling their shares.
Apeejay Surrendra Park Hotels IPO Important Dates
- Issue Open Date – February 5, 2024:
- This is the day when people can start applying for the event.
- Issue Close Date – February 7, 2024:
- You need to finish applying for the event by this date. After this day, they won’t accept any more applications.
- Basis of Allotment – February 8, 2024:
- On this day, they will decide who gets what. It’s like distributing things among people who applied.
- Refunds – February 9, 2024:
- If, for some reason, you can’t be a part of the event, this is the day when they’ll give you back the money you paid to apply.
- Credit to Demat Account – February 9, 2024:
- If you’re confirmed to be a part of the event, they’ll make sure the money or shares you’re supposed to get are added to your electronic account.
- Listing Date – February 12, 2024:
- This is the day when the event becomes official, and you can see it on the stock exchange or wherever it’s listed. It’s like saying, “Hey, this is now officially happening!”
In summary, it’s like applying for something on or before February 5th, finding out the results on February 8th, and if you’re in, getting your stuff on February 9th. The official event date is February 12th.
Apeejay Surrendra Park Hotels IPO Details
| Apeejay Surrendra Park Hotels IPO Details | Information |
| Face Value | ₹1 per share |
| Price Band | ₹147 to ₹155 per share |
| Lot Size | 96 Shares (unofficial estimate) |
| Total Issue Size | ₹920.00 Cr |
| Fresh Issue | ₹600.00 Cr |
| Offer for Sale | ₹320.00 Cr |
| Employee Discount | Rs 7 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Shareholding pre issue | 174,661,760 |
Apeejay Surrendra Park Hotels IPO Lot Size
The Apeejay Surrendra Park Hotels IPO has a lot size of 96 shares. If you’re a regular investor, you can apply for at least 96 shares and then in multiples of 96 shares after that.
The IPO price range is set between Rs 147 to Rs 155 per share. For retail investors, this means the minimum amount you can apply for is Rs 14,112 (96 shares multiplied by Rs 147 per share). If you want to invest more, you can do so in increments of 96 shares at your own choice.
Here’s a breakdown for different types of investors:
- Retail Investors (Minimum):
- Lot: 1
- Shares: 96
- Amount: ₹14,112
- Retail Investors (Maximum):
- Lot: 13
- Shares: 1,248
- Amount: ₹193,440
- S-HNI (Super High Net Worth Individuals – Minimum):
- Lot: 14
- Shares: 1,344
- Amount: ₹208,320
- S-HNI (Super High Net Worth Individuals – Maximum):
- Lot: 67
- Shares: 6,432
- Amount: ₹996,960
- B-HNI (Big High Net Worth Individuals – Minimum):
- Lot: 68
- Shares: 6,528
- Amount: ₹1,011,840
This information helps investors understand how much they can invest based on the number of shares and the corresponding amount within the specified price range.
Apeejay Surrendra Park IPO Reservation
QIB Category:
This special category is set aside exclusively for Qualified Institutional Buyers (QIBs). These are big institutional investors such as mutual funds, insurance companies, and foreign institutional investors.
Shares Offered: Only Qualified Institutional Buyers can participate in this category.
Allocation: A substantial portion, specifically at least 75% of the Net Issue, is reserved for QIBs. This ensures that institutional investors have a significant opportunity to invest in the IPO.
Retail Category:
This segment is designed for individual retail investors, allowing smaller investors to join the IPO.
Shares Offered: Any individual investor can take part in this category.
Allocation: A limited portion, not exceeding 10% of the Net Issue, is set aside for retail investors. This allocation ensures that smaller individual investors have a chance to participate in the IPO alongside larger institutional investors.
NII (High Net Worth Individual) Category:
This category is exclusively for High Net Worth Individuals (HNIs) or Non-Institutional Investors.
Shares Offered: Only High Net Worth Individuals can participate in this category.
Allocation: A portion, specifically not more than 15% of the Net Issue, is allocated to the NII category. This provides an opportunity for high net worth individuals to invest substantial amounts in the IPO, catering to their investment preferences.
Financial Overview of Apeejay Surrendra Park Hotels Limited
Company: Apeejay Surrendra Park Hotels Limited (ASPL) is an Indian hospitality company that operates a chain of luxury and upscale hotels under five brands: THE Park, THE Park Collection, Zone by The Park, Zone Connect by The Park, and Stop by Zone.
Financials: Here’s a summary of ASPL’s financials for the past two financial years (ending March 31):
| Metric | FY 2021 | FY 2022 | Change (%) |
|---|---|---|---|
| Revenue (Cr) | 178.83 | 255.02 | 42.12% |
| Expenses (Cr) | 262.02 | 309.62 | 18.17% |
| Net Income (Cr) | (75.88) | (28.20) | -62.80% |
| Margin (%) | (42.43) | (11.06) | -73.37% |
| EBITDA (Cr) | 14.15 | 65.18 | 362.07% |
| EBITDA Margin (%) | 7.92 | 25.56 | 221.58% |
Apeejay Surrendra Park Hotels Limited made a lot more money between March 31, 2023, and March 31, 2022 – their revenue grew by a big 95.81%. This shows that the company did really well in making more money during this time.
Not just that, the profit after tax (PAT) of the company also went up a lot – by an impressive 270.42% during the same time. This increase in PAT means that the company became more profitable and did better financially. It shows that the company is good at managing its earnings.
As of September 30, 2023, when we look at the overall financial picture of Apeejay Surrendra Park Hotels Limited, things look positive. The total assets of the company reached ₹1,382.51 crore, going up compared to the previous financial years. Also, the money they earned, or revenue, for the period until September 30, 2023, was ₹272.31 crore, and it kept growing from previous financial periods.
The profit after tax (PAT) for the same period was ₹22.95 crore, showing a positive trend and indicating better financial health. Additionally, the net worth of Apeejay Surrendra Park Hotels Limited as of September 30, 2023, reached ₹578.71 crore, confirming a stronger financial position.
The company’s reserves and surplus, which is the extra money they have saved, amounted to ₹561.24 crore, revealing accumulated earnings and kept profits. Unfortunately, information about how much money the company borrowed was not given in the current data.
When we compare the financial figures for September 30, 2023, with the same times in the previous years (March 31, 2022, March 31, 2021), Apeejay Surrendra Park Hotels Limited consistently grew in assets, revenue, and net worth. This history of growth shows that the company is financially stable and has been doing well over time.
VISIT JOBAVSAR HOMEPAGE FOR LATEST INFORMATION