Apeejay Surrendra Park Hotels IPO
Basic information about the company:
Incorporated in 1987, Apeejay Surrendra Park Hotels Limited has emerged as a prominent player in the Indian hospitality sector. Operating under renowned brand names like "THE PARK," "Zone by The Park," and more, the company has carved a niche for itself in the industry. Additionally, it has made strides in the retail food and beverage sector through the popular brand 'Flurys.' With 80 restaurants, nightclubs, and bars as of March 31, 2023, the company offers diverse culinary experiences to its patrons.
Hotel Portfolio
With 27 hotels across various categories, including luxury boutique, upscale, and upper midscale, Apeejay Surrendra Park Hotels caters to the diverse needs of travellers. These hotels are strategically located in key cities like Kolkata, New Delhi, Chennai, Mumbai, and more. The company's commitment to providing exceptional service is reflected in its total of 2,111 rooms spread across different cities as of August 2023.
Signature Restaurants
The company's portfolio of restaurants boasts an impressive array of brands, including Zen, Lotus, Aish, Saffron, and more. Each brand reflects a unique culinary experience, contributing to the company's standing as a tastemaker in the food industry. Promoter Holding
The driving force behind the company's success lies in the hands of its promoters—Karan Paul, Priya Paul, Apeejay Surrendra Trust, and Great Eastern Stores Private Limited. With a pre-issue shareholding of 94.18% and a post-issue shareholding of 68.13%, their commitment to the company's growth is evident.
Objects of the Issue
The company aims to utilize the net proceeds from the IPO for strategic purposes. The primary objectives include the repayment or prepayment of certain outstanding borrowings and general corporate purposes. This forward-looking approach underlines the company's commitment to financial prudence and long-term sustainability. Apeejay Surrendra Park IPO
IPO Dates: 5 to 7 Feb 2024
Price Band: ₹147 to ₹155 per share
Lot Size: 96 Shares
Issue Size: 920 Crs
Retail Quota: 10%
GMP: 18% (Only for information)
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