Apeejay Surrendra Park Hotels Limited Incorporated in 1987, Company 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.
Apeejay Surrendra Park Hotels Limited (ASPHL) is a hospitality company that operates 27 hotels in India. The company was founded in 1987 and operates under five brands: THE Park, THE Park Collection, Zone by The Park, Zone Connect by The Park, and Stop by Zone.
ASPHL is India’s eighth largest hotel chain in terms of asset ownership. The company operates hotels in various categories, including luxury boutique, upscale, and upper midscale. The hotels are located in cities such as New Delhi, Chennai, Hyderabad, Kolkata, Bangalore, Mumbai, Coimbatore, Indore, Goa, Jaipur, Jodhpur, Jammu, Navi Mumbai, Visakhapatnam, and Port Blair. ASPHL has a high occupancy rate and a large percentage of repeat customers, which results in efficient use of its properties.
Apeejay Surrendra Park Hotels Limited IPO Timetable
| Particular | Date |
| IPO Open Date | 05 Feb 2024 |
| IPO Close Date | 07 Feb 2024 |
| Allotment Date | 08 Feb 2024 |
| IPO Listing Date | 12 Feb 2024 |
Apeejay Surrendra Park Hotels Limited IPO Details
| Issue Type | Book Built Issue IPO |
| Face Value | Rs. 1 Per Equity Share |
| IPO Price | Rs. 147 to Rs. 155 Per Equity Share |
| Market Lot | 96 Share |
| ISIN Code | |
| Listing At | NSE & BSE |
| Issue Size | Approx. Rs. 920 Crore. |
Apeejay Surrendra Park Hotels Limited IPO Lot Size
| Application | Lots | Shares | Amount |
| Minimum | 1 | 96 | Rs. 14880 |
| Maximum | 13 | 1248 | Rs. 193440 |
| Small HNI (Minimum) | 14 | 1344 | Rs. 208320 |
| Big HNI (Minimum) | 68 | 6528 | Rs. 1011840 |
Allotment Status & IPO forms
Click Here To Check IPO Allotment Status Apeejay Surrendra Park Hotels Limited IPO
Click Here To Get ASBA Forms Apeejay Surrendra Park Hotels Limited IPO
Company Financials:
| Particular | 31 March 2023 | 31 March 2022 | 31 March 2021 |
| Total Assets | 1361.79 | 1275.18 | 1280.34 |
| Total Revenue | 524.43 | 267.83 | 190.29 |
| Profit After Tax | 48.06 | -28.20 | -75.88 |
Company Promoters:
The promoters of the Company are Karan Paul, Priya Paul, Apeejay Surrendra Trust and Great Eastern Stores Private Limited.
Purpose of the Issue
- Repayment/ prepayment, in full or in part of certain outstanding borrowings availed by the Company; and
- General corporate purposes
Registrar & Company Details
| Company Contact Information | IPO Registrar |
| 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/ | 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 |
