Apeejay Surrendra Park Hotels IPO Date, Lot Size and Reservation Details 

The eagerly awaited initial public offering of Apeejay Surrendra Park Hotels Limited has finally arrived, as the bidding window opens on Monday, February 5, 2024, and closes on Wednesday, February 7, 2024

Apeejay Surrendra Park Hotels IPO Date

Apeejay Surrendra Park Hotels IPO is scheduled to open on February 5, 2024, and close on February 7, 2024. The company has fixed the price band for the IPO at Rs 147 to Rs 155 per equity share. 

The lot size for the IPO is 96 shares, and retail investors can apply for a minimum of 96 shares and in multiples of 96 shares thereafter. 

EventDate
Issue Open DateFebruary 5, 2024
Issue Close DateFebruary 7, 2024
Basis of AllotmentFebruary 8, 2024
RefundsFebruary 9, 2024
Credit to Demat AccountFebruary 9, 2024
Listing DateFebruary 12, 2024

The company plans to raise up to Rs 920 crore through the IPO, with Rs 400 crore from fresh equity shares and Rs 520 crore from an offer for sale (OFS) by the existing shareholders. 

Apeejay Surrendra Park Hotels IPO Lot Size

The lot size for Apeejay Surrendra Park Hotels IPO is 96 shares, and retail investors can apply for a minimum of 96 shares and in multiples of 96 shares thereafter. 

With the price band for the IPO set at Rs 147 to Rs 155 per equity share, the minimum application amount for retail investors would be Rs 14,112 (96 shares* Rs 147 per share), and it will increase in multiples of 96 shares at the investor’s discretion.

Investor CategoryLotsSharesAmount (₹)
Retail (Min)19614,880
Retail (Max)131248193,440
S-HNI (Min)141,344208,320
S-HNI (Max)676,432996,960
B-HNI (Min)686,5281,011,840

Apeejay Surrendra Park Hotels IPO Date

Apeejay Surrendra Park Hotels IPO Details 

Apeejay Surrendra Park Hotels IPO DetailsInformation
Face Value₹1 per share
Price Band₹147 to ₹155 per share
Lot Size96 Shares (unofficial estimate)
Total Issue Size₹920.00 Cr
Fresh Issue₹600.00 Cr
Offer for Sale₹320.00 Cr
Employee DiscountRs 7 per share
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE
Shareholding pre issue174,661,760

Apeejay Surrendra Park IPO Reservation

QIB (Qualified Institutional Buyers) Category:

  • Shares Offered: This category is reserved for Qualified Institutional Buyers.
  • Allocation: Not less than 75% of the Net Issue is reserved for QIBs, catering to institutional investors like mutual funds, insurance companies, and foreign institutional investors.

Retail Category:

  • Shares Offered: This segment is for individual retail investors.
  • Allocation: Not more than 10% of the Net Issue is earmarked for retail investors, allowing smaller individual investors to participate in the IPO.

NII (High Net Worth Individual) Category:

  • Shares Offered: Reserved for High Net Worth Individuals (HNIs) or Non-Institutional Investors.
  • Allocation: Not more than 15% of the Net Issue is allocated to the NII category, accommodating high net worth individuals who wish to invest significant amounts in the IPO.

Restated Consolidated Financial Overview of Apeejay Surrendra Park Hotels Limited

Revenue Growth:

  • Apeejay Surrendra Park Hotels Limited experienced a substantial increase in revenue, witnessing a growth of 95.81% between the financial years ending March 31, 2023, and March 31, 2022.

Profit After Tax (PAT) Surge:

  • The company’s Profit After Tax (PAT) showed a remarkable surge, rising by an impressive 270.42% over the same period, indicating enhanced profitability and financial performance.

Financial Snapshot:

  • Assets:
    • As of September 30, 2023, the total assets of the company amounted to ₹1,382.51 crore, reflecting an upward trajectory compared to the previous financial years.
  • Revenue:
    • The revenue for the period ending September 30, 2023, stood at ₹272.31 crore, demonstrating continued growth from the previous financial years.

Profit After Tax (PAT):

  • The Profit After Tax for the same period was ₹22.95 crore, showcasing a positive trend and improved financial health.

Net Worth:

  • Apeejay Surrendra Park Hotels Limited’s net worth as of September 30, 2023, reached ₹578.71 crore, indicating a strengthening financial position.

Reserves and Surplus:

  • The company’s reserves and surplus stood at ₹561.24 crore, reflecting accumulated earnings and retained profits.

Total Borrowing:

  • Information regarding total borrowing is not provided in the current data.

Historical Perspective:

  • Comparing the financial figures for September 30, 2023, with the corresponding periods in previous years (March 31, 2022, March 31, 2021), the company showcased consistent growth in assets, revenue, and net worth, reinforcing its financial stability and positive trajectory.

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