Apeejay Surrendra Park IPO GMP today [2024]

Apeejay Surrendra Park IPO is opening for subscription on 5 February and investors will be able to bid in this IPO till 7 February.

Apeejay Surrendra Park IPO

Apeejay Surrendra Park IPO : Apeejay Surrendra Park IPO is opening for subscription on 5 February and investors will be able to apply in this IPO till 7 February.

This is a Book Built Issue IPO after which the company will be listed on NSE and BSE and through this IPO the company is going to raise a total of 920 crore rupees.

Company has already raised 409.50 crore rupees from anchor investors one day before the opening of this IPO on 2 February.

Let’s have a quick look on the company and it’s IPO.

What company does? | Apeejay Surrendra Park IPO

Apeejay Surrendra Park Hotels Limited is a hospitality company which operates under various brand names which include “The Park”, “The Park Collection”, “Zone by The Park”, “Zone Connect by The Park” and “Stop by Zone”. Company has a total of 27 hotels in which 1923 employees are currently working.

Apart from this, company also operates in retail food and beverages business under it’s brand name ‘Flurys’.

Let’s have a quick look on the important details of this IPO.

Apeejay Surrendra Park IPO Details

IPO Date5 February, 2024 to 7 February, 2024
Listing Date12 February, 2024
Price Band₹147 to ₹155 per share
Lot Size96 shares
Face Value₹1 per share
Issue TypeBook Built Issue IPO
Total Issue Size₹920 Crores (approx. [.] shares)
Fresh Issue Size₹600 Crores (approx. [.] shares)
Offer for sale₹320 Crores (approx. [.] shares)
Employee discount₹7 per share
Pre issue Share Holding17,46,61,760
Listing AtBSE, NSE

Apeejay Surrendra Park IPO Important date Schedule (Tentative)

IPO Opening Date5 February, 2024
IPO Closing Date7 February, 2024
Basis of Allotment8 February, 2024
Refund Initiation9 February, 2024
Credit of Shares to Demat Account9 February, 2024
Listing Date12 February, 2024
Cut-off time for UPI mandate confirmation5 PM on 7 February, 2024

Apeejay Surrendra Park IPO Lot details

Minimum      Maximum                           
Retail Investors1 Lot13 Lots
NIIs (HNIs)14 Lots67 Lots
QIBs68 Lots[.]

Apeejay Surrendra Park IPO Reservation

Retail Investors10%
NIIs (HNIs)15%
QIBs75%

Apeejay Surrendra Park IPO Promoter holding

Pre Issue Share Holding94.18%
Post Issue Share Holding68.13%

Apeejay Surrendra Park IPO GMP today | Apeejay Surrendra Park IPO GMP today price

Apeejay Surrendra Park IPO is trading at a premium of ₹[.] in grey market. This GMP indicates that the IPO is trading at a premium of [.]% from it’s upper price band of ₹[.] in grey market.

As per the current GMP of this IPO, the company will be listed at ₹[.] and IPO investors are likely to get a stellar listing gain of [.]% on the listing day of this IPO if this GMP persists till the listing day.

Apeejay Surrendra Park IPO Subscription status – Live Updates

To be updated soon.

Apeejay Surrendra Park IPO Dividend Policy

Company has a formal dividend policy but has not declared or paid any dividend in the last three Financial years and there is no guarantee that any dividends will be declared or paid in the future.

Apeejay Surrendra Park IPO Strengths

  1. Company has built a successful hospitality brands through product innovation and service excellence to attract customer through a diversified and holistic offering;
  2. It has high occupancy rate and REVPAR with a strong financial and operational track record;
  3. Company has an iconic food and beverages brand “Flurys” which has a successful and profitable track record of industry leading EBITDA margins; and
  4. It has a dedicated and experienced leadership team with high standards of corporate governance.

Apeejay Surrendra Park IPO Risks

  1. Company is exposed to various risks associated with the delay in development of its hotel properties and land banks;
  2. Company has experienced losses in the past;
  3. Company, it’s subsidiaries, it’s directors and it’s promoters are involved in certain legal proceedings;
  4. Certain of its hotels are mortgaged with lenders; and
  5. There are certain hotels of the company which are located in such buildings and lands which have been leased to the company by third parties.

Apeejay Surrendra Park IPO Objectives

Company is planning to utilise the funds raised through this IPO to do certain works which are mentioned below:

  1. To fully or partially repay or prepay the loans incurred by the company; and
  2. For general corporate purposes of the company.

About the company

Apeejay Surrendra Park Hotels Limited is a hospitality company which operates under various brand names which include “The Park”, “The Park Collection”, “Zone by The Park”, “Zone Connect by The Park” and “Stop by Zone”. Company has a total of 27 hotels in which 1923 employees are currently working.

Apart from this, company also operates in retail food and beverages business under it’s brand name ‘Flurys’.

Apeejay Surrendra Park IPO is opening for subscription on 5 February and investors will be able to apply in this IPO till 7 February.

This is a Book Built Issue IPO after which the company will be listed on NSE and BSE and through this IPO the company is going to raise a total of 920 crore rupees.

The price band of this IPO is ₹147-₹155 per share and the face value of shares in this IPO is ₹1 per share. The lot size of this IPO is 96 shares and investors will have to invest at least ₹14,880 for 1 lot.

Company is giving a discount of ₹7 per share to its employees in this IPO.

In this IPO, the company is going to raise a total of 920 crore rupees by issuing a total of [.] shares, out of which the company is going to issue [.] shares of ₹1 under Offer for Sale, the total value of which is 320 crore rupees and [.] shares completely under fresh issue, the total value of which is ₹600 crores.

Retail investors will be able to apply for a minimum of 1 lot and a maximum of 13 lots in this IPO in which they will have to invest at least ₹14,880 for 1 lot.

High Net Worth Individuals (HNIs) / Non Institutional Investors (NIIs) will be able to apply for a minimum of 14 lots and a maximum of 67 lots in this IPO for which they will have to invest at least ₹2,08,320.

At the same time, Qualified Institutional Buyers (QIBs) will be able to apply for at least 68 lots in this IPO for which they will have to invest at least ₹10,11,840.

10% portion of this IPO will be reserved for retail investors, 15% portion of this IPO will be reserved for Non Institutional Investors (NIIs) / High Net Worth Individuals (HNIs) and 75% portion of this IPO will be reserved for Qualified Institutional Buyers (QIBs).

The total shareholding of promoters in this company before IPO is 94.18% which will reduce to 68.13% after this IPO.

The Book Running Lead Managers of this IPO are JM Financial Limited, ICICI Securities Limited and Axis Capital Limited whereas the Registrar of this IPO is Link Intime India Private Limited.

Company has already raised 409.50 crore rupees from anchor investors one day before the opening of this IPO on 2 February.

It raised 409.50 crore rupees from anchor investors by issuing 2,64,19,354 shares on the upper price band ₹155 of this IPO.

The date of allotment of this IPO is 8 February. In case of not getting the allotment, the money will be refunded to the investors on 9 February and after getting the allotment, the shares will be credited to the demat account of those investors getting the allotment on 9 February. The listing of this IPO will be done on NSE and BSE on 12 February.

यह भी पढ़े : ऑर्डर मिलते ही इस रिन्यूएबल एनर्जी कंपनी के शेयर में आई जबरदस्त तेज़ी! लगा 10% का अपर सर्किट

FAQs Related to the Apeejay Surrendra Park IPO

Apeejay Surrendra Park IPO Date

Apeejay Surrendra Park IPO is opening for subscription on 5 February and investors will be able to apply in this IPO till 7 February.

Apeejay Surrendra Park IPO Price

The price band of this IPO is ₹147-₹155 per share and the face value of shares in this IPO is ₹1 per share.

Apeejay Surrendra Park IPO Lot size

The lot size of this IPO is 96 shares and investors will have to invest at least ₹14,880 for 1 lot.

Apeejay Surrendra Park IPO Allotment date

The date of allotment of this IPO is 8 February.

Apeejay Surrendra Park IPO Listing date

The listing of this IPO will be done on NSE and BSE on 12 February.

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