Key Points for Park Hotels IPO:
👉The company operates 80 restaurants, night clubs and bars and 27 hotels
👉The company has total debt of Rs. 597.09 crore as of 30 Sept, 2023
👉Company posted net losses of Rs. 75.88 in FY21 and 28.20 crore in FY22
👉The company owns restaurants under the brand name of Zen, Lotus, Aish, Saffron, Fire, Italia, 601, The Bridge, The Street, Verandah, Vista, Bamboo Bay, Monsoon, Mist, Love and Bazaar.
| Issue Date | 05 to 07 Feb, 2024 |
| Issue Size | Rs. 920 crore |
| Fresh Issue | Rs. 600 crore |
| Price Band | Rs. 147 to 155 per share |
| Lot Size | 96 Shares |
| Employee Discount | Rs. 7 per share |
| Face Value | ₹1 per share |
| Issue Type | Book Built Issue Type |
| Listing At | BSE, NSE |
| QIB shares offered | Not less than 75% of the net issue |
| Retail shares offered | Not more than 10% of the net issue |
| NII shares offered | Not more than 15% of the net issue |
Lot Size (Minimum)
| Retail | 96 shares | Rs. 14,880 |
| Small – HNI | 1344 shares | Rs. 2,08,320 |
| Big – HNI | 6528 shares | Rs. 10,11,840 |
Tentative IPO Timelines
| Basis of Allotment | 08 Feb, 2024 |
| Initiation of Refunds | 09 Feb, 2024 |
| Credit of shares to Demat | 09 Feb, 2024 |
| Listing Date | 12 Feb, 2024 |
About the Company
Incorporated in 1987, Apeejay Surrendra Park Hotels Limited is engaged in the hospitality business operating under the brand names of “THE PARK”, “THE PARK Collection”, “Zone by The Park”, “Zone Connect by The Park” and “Stop by Zone”. The company is also engaged in the business of retail food and beverage industry through its retail brand ‘Flurys.
As of March 31, 2023, the company operates 80 restaurants, night clubs and bars, offering a wide selection of culinary experiences.
The company currently operates 27 hotels, which are spread across different categories such as luxury boutique, upscale, and upper midscale.
The company owns restaurants under the brand name of Zen, Lotus, Aish, Saffron, Fire, Italia, 601, The Bridge, The Street, Verandah, Vista, Bamboo Bay, Monsoon, Mist, Love and Bazaar
Objects of the Issue
The company proposes to utilise the Net Proceeds towards funding the following objects:
- Repayment/ prepayment, in full or in part of certain outstanding borrowings availed by the Company; and
- General corporate purposes
IPO Promoter Holding
The Promoters of the company are:
- Karan Paul
- Priya Paul
- Apeejay Surrendra Trust
- Great Eastern Stores Private Limited.
| Pre-Issue shareholding | 94.18% |
| Post issue shareholding | 68.13% |
Financial Summary Amount in Rs. crores
| Particulars | March 2023 | March 2022 | March 2021 |
| Revenue | 524.43 | 267.83 | 190.29 |
| Net Profit / (Loss) | 48.06 | (28.20) | (75.88) |
| Total Assets | 1,361.79 | 1,275.18 | 1,280.34 |
GMP / Expected Premium
GMP as on 05-02-2024 is 23%.
Please note GMP is taken from internet and is subject to change in future. Please consult your financial advisor before applying in the IPO.
Conclusion: Can apply for decent lisitng gains.
Disclaimer: The information above is only for information and educational purpose. Please consult your Financial advisor before applying in the IPO.
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