Apeejay Surrendra Park Hotels Limited IPO

05 Feb 2024 - 07 Feb 2024 Individual Category IPO NSE

Min Investment

₹28224

Price Band

₹147-₹155

Issue Size

593.55 lakhs
Equity Shares

Lot Size

96 (per lot)

IPO Dates
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05 Feb 2024

Open Date

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07 Feb 2024

Close Date

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08 Feb 2024

Allotment Date

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12 Feb 2024

Listing Date

Apeejay Surrendra Park Hotels Limited IPO 2024 is open for subscription from Monday, February 5, 2024 and will close on Wednesday, February 7, 2024. The price band for this IPO is decided at Rs 147 to Rs 155 per share. The minimum lot size of this application for the retail category is 96 shares. The minimum lot size for small non-institutional investors is 14 lots consisting of 1344 shares. Whereas, the minimum lot for big non-institutional investors is 68 lots consisting of 6528 shares. The minimum amount of investment required for retail category investors is Rs 14,880 (96 x 155 shares). However, for small non-institutional investors the minimum investment amount is required Rs 2,08,320 (155 x 1344 shares) and for big non-institutional investors is Rs 10,11,840 (155 x 6528 shares).

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About Apeejay Surrendra Park Hotels Limited Ipo

Apeejay Surrendra Park Hotels Limited incorporated in 1987, it is engaged in the business of Hospitality operating under the Brand Name of “THE PARK”, The PARK collection”, “Zone by the Park” “ Zone Connect by The Park” and “Stop by Zone”. Moreover, the company is also engaged in the business of retail food and beverages industry through its Brand name “Flurys”. Apeejay Surrendra Park Hotels is the 8th largest Hotel Chain amongst Hotel Chain with asset Ownership in India. They have expertise over five decades in the hospitality business owning and operating hotels with their first Hotel Brand launched named THE PARK in Kolkata. The Company’s Hotel Portfolio has PAN India presence and they continue to attract customers with their diversified portfolio. The company owns restaurants under the brand name of Zen, Lotus, Aish, Saffron, Fire, The Street, Verandah, Vista, Bamboo Bay, Monsoon, Mist, Love and Bazaar. As of June 2023, the Company has a total 1,923 team members.

Founded

1987

Managing Director

Vijay Dewan

Parent Organization

IPO Objectives

Apeejay Surrendra Park Hotels found IPO is the best and suitable way to raise funds for running its operations. The Net proceeds from this IPO will be utilized for the Repayment or prepayment in full or partly of certain outstanding borrowings availed by the company. Other than this, General corporate purposes like financing of Capital expenditures will also be fulfilled.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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