Apeejay Surrendra Park Hotels IPO: A Comprehensive Overview

Apeejay Surrendra Park Hotels, a prominent name in India’s hospitality sector, is gearing up for its Initial Public Offering (IPO). In this article, we delve into a thorough analysis of the IPO, covering crucial aspects such as the IPO date, pricing, allotment details, and an overall review. Additionally, we explore the company’s background, its brand portfolio, and the objectives behind the IPO.

I. Background Info:

Apeejay Surrendra Park Hotels holds the position of the 8th largest hotel chain in India, distinguished for its ownership of valuable assets. The company manages various hospitality establishments under renowned brands like “THE PARK,” “THE PARK Collection,” “Zone by The Park,” “Zone Connect by The Park,” and “Stop by Zone.” With a rich legacy spanning over five decades in the hospitality sector, the company has solidified its presence, offering luxury boutique hotels, upscale properties, and economy motels. Noteworthy is their retail food and beverage brand, ‘Flurys.’

II. Objects of the Issue:

The primary objectives of the IPO include:

1. Repayment/prepayment of certain outstanding borrowings availed by the company.
2. General corporate purposes.

III. Apeejay Surrendra Park Hotels IPO Review:

Investors are eagerly awaiting the Apeejay Surrendra Park Hotels IPO, which aims to raise ₹920 crores with a price range of ₹147 to ₹155 per equity share. The IPO is scheduled to be listed on both the BSE and NSE. Given the company’s robust standing in the hospitality sector and its diverse brand portfolio, investors may find this IPO particularly appealing.

IV. IPO Details:

1. IPO Date: The Apeejay Surrendra Park Hotels IPO opens on February 5, 2024, for QIB, NII, and Retail Investors.
2. Investors Portion: Distribution is set at 75% for QIB, 15% for NII, and 10% for Retail Investors.
3. Application Process: Investors can apply online via ASBA (Application Supported by Blocked Amount) using UPI through their stockbrokers. Offline applications are accepted through physical forms provided by stockbrokers.
4. Applying through Zerodha: Open a Demat Account with Zerodha and apply for the IPO through their platform.
5. Applying through Upstox: Open a Demat Account with Upstox and apply for the IPO through their platform.
6. Applying through Paytm Money: Open a Demat Account with Paytm Money and apply for the IPO through their platform.
7. IPO Size: Apeejay Surrendra Park Hotels IPO aims to raise ₹920 crores.
8. IPO Price Band: The price band is set at ₹147 to ₹155 per equity share.
9. Allotment Date: Allotment of shares will occur on February 8, 2024.
10. Listing Date: The IPO is scheduled to be listed on the BSE and NSE on February 12, 2024.

Frequently Asked Questions (FAQs) 

1. What is the size of Apeejay Surrendra Park Hotels IPO?
   • The IPO aims to raise ₹920 crores.
2. What is the price band of Apeejay Surrendra Park Hotels IPO?
   • The IPO price band is set at ₹147 to ₹155 per equity share.
3. When will the allotment of shares be done?
   • The allotment of shares will take place on February 8, 2024.
4. When will Apeejay Surrendra Park Hotels IPO be listed on the stock exchanges?
   • The IPO is scheduled to be listed on the BSE and NSE on February 12, 2024.
5. How can investors apply for Apeejay Surrendra Park Hotels IPO?
   • Investors can apply for the IPO online via ASBA using UPI through their stock brokers. They can also apply offline by filling up the physical forms provided by stock brokers.

Conclusion:

The Apeejay Surrendra Park Hotels IPO presents an enticing investment opportunity. With a robust brand presence, diverse hotel portfolio, and a substantial market share in the hospitality industry, the company stands poised for growth. Investors seeking exposure to the thriving hospitality sector may find this IPO worth considering.