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Apeejay Surrendra Park Hotels IPO

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kartikxxx

Apeejay Surrendra Park Hotels IPO Details: Apeejay Surrendra Park Hotels IPO date is fixed, the IPO is to hit the market on February 5 and will close on February 7. Apeejay Surrendra Park Hotels IPO to raise around ₹920 crores via IPO that comprises fresh issue of ₹600 crores and offer for sale up to ₹320 crores of ₹1 each. The retail quota is 10%, QIB is 75%, and HNI is 15%.


Apeejay Surrendra Park Hotels is the 8th largest hotel chain amongst hotel chains with asset ownership in India (Source: Horwath HTL Report). They operate hospitality assets under their brands, “THE PARK”, “THE PARK Collection”, “Zone by The Park”, “Zone Connect by The Park” and “Stop by Zone”. They have a long-standing expertise of over five decades in the hospitality business of owning and operating hotels, with their first hotel being launched under their brand “THE PARK” at the iconic Park Street in Kolkata. They have established a presence in the retail food and beverage industry through their retail brand ‘Flurys’. They have pioneered the concept of luxury boutique hotels in India under their brand, “THE PARK”, extending it further through “THE PARK Collection”, and in upper midscale categories with their brands “Zone by The Park” and “Zone Connect by The Park”.


The hotel portfolio has a PAN-India presence, and they continue to attract their customers with their diversified portfolio. They categorize their hotel portfolio into two distinct hotel categories based on brand classification – upscale, and upper mid-scale. They operate hotels under the following four brands, namely “THE PARK, “THE PARK Collection”, “Zone by The Park”, “Zone Connect by The Park” and have recently launched their economy motel brand, “Stop by Zone”:

  • “THE PARK” brand is positioned as an upscale brand with a luxury boutique offering, with a brand philosophy that concentrates on design, style, and service to create differentiated and unique experiences at each hotel.
  • “THE PARK Collection” brand encompasses small luxury properties located at selected travel destinations targeted at the luxury hotel category delivering personalized guest experiences.
  • The “Zone by The Park” brand is positioned at the upper midscale level. It is designed for price-conscious and design-conscious customers.
  • “Zone Connect by The Park” is an upper midscale brand that channels its spirit and design philosophy from Zone by The Park.
  • “Stop by Zone” is an economy motel brand that aims to provide convenient accommodation with easy access to parking, free Wi-Fi along food services.


Objects of the Issue
  • Repayment/ prepayment, in full or in part of certain outstanding borrowings availed by the Company
  • General corporate purposes


Current GMP is 35rs or 23%


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IPO Open: February 5, 2024
IPO Close: February 7, 2024
IPO Size: Approx ₹920 Crores
Fresh Issue: Approx ₹600 Crores
Offer for Sale: Approx ₹320 Crores
Face Value: ₹1 Per Equity Share
IPO Price Band: ₹147 to ₹155 Per Share
IPO Listing on: BSE & NSE
Retail Quota: 10%
QIB Quota: 75%
NII Quota: 15%
Discount: ₹7 for Employees




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Top Comments
Benevolent Benevolent
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QIBs r applying so i also applied i follow QIBs 

Generous Generous
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Mil gaya to 100% up jayega.. na mila to 50% down

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Pro Shopping Friend Pro Shopping Friend
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I have skipped this one.

Deal Captain Deal Captain
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No, the red flag for me is too much debt

Entertainer Entertainer
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Toh ipo ka paisa debt repayment ke liy he jayega

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Benevolent Benevolent
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QIBs r applying so i also applied i follow QIBs 

Generous Generous
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Mil gaya to 100% up jayega.. na mila to 50% down

Helpful Helpful
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Its reverse for me 😂

Mil gaya toh down

Nahi mila toh up

Helpful Helpful
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Applied retail.

Lets see where this goes.

Helpful Helpful
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QIB 50x decent GMP not much expected but expecting positive gain

Deal Newbie Deal Newbie
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It's a good offer. GMP is now around 40-50

Generous Generous
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Gmp kya hota hai

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Generous Generous
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Vote no me diya. Par le liya baad me. Hame to pata bhi nahi tha kya hai qnd ipo bhi aaya hai.

Anyway today my paytm and yes bank both upper circuit.. 50% yes bank and 50% Paytm sold.. ab afsos ho raha.. yes ko maine 3 4 saal se rakha tha.. anyway ek jayehi to new aayegi.. maje milte rahne chahiye stuck_out_tongue

Finance Mentor Finance Mentor
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Well wanted to apply, but some reservations made me remember this at 7pm today, looked at subs figures, thought too less chances, so nothing to lose... I like the ones especially jana and rp tech currently... let's see...

Deal Captain Deal Captain
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Is Jana sfb good one bhai?

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Finance Mentor Finance Mentor
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* How many are planning tax loss harvesting, aka galti sudharke kuch choot paana ? *

Pro Entertainer Pro Entertainer
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Chhoot.
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Helpful Helpful
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0/1 Retail 

Deal Cadet Deal Cadet
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0/2 retail

Deal Cadet Deal Cadet
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0/7 😣 Last allotment was IREDA, nothing after that.

Helpful Helpful
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If you are still holding IREDA, it should be enough to cover all the IPOs.

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Entertainer Entertainer
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0/1

Cc - @tappukepapa

Pro Entertainer Pro Entertainer
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0/2

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Wingman Wingman
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0/1
replyuser
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