Apeejay Surrendra Park Hotels Ltd. IPO

Apeejay Surrendra Park, India's hospitality maestro, weaves a tapestry of unique experiences across their chain of hotels. With over 55 years of expertise, they own and operate "THE PARK" and "Zone" brands, catering to both luxury and upper-midscale segments. Their hotels, present in key Indian cities, are each a distinct personality, brimming with design, art, and memorable service. Apeejay Surrendra Park's differentiator lies in crafting curated experiences through events, entertainment, and innovative food & beverage outlets like Zen and Tantra. Beyond hotels, they delight palates with their "Flurys" retail brand. Focused on profitability and guest satisfaction, Apeejay Surrendra Park continues to grow, captivating travelers with their passion for creating experiences that linger long after checkout.

RHP
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DRHP
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Open Date

2024-02-05

Close Date

2024-02-07

Company Financials

You can get the following financial statements of Apeejay Surrendra Park Hotels Ltd. as of now.

The details about the Apeejay Surrendra Park Limited IPO is as:

  • The issue size of the IPO is 920 Cr.
  • The price band for Apeejay Surrendra Park Limited IPO is Rs 147 to Rs 155.
  • The shares of Apeejay Surrendra Park Limited IPO will list on 12th February 2024.
  • The latest tentative GMP of Apeejay Surrendra Park Limited IPO is Rs 35.
  • The shares of Apeejay Surrendra Park Limited IPO is subscribed 62.89 Times as of 4:59 pm, 7th February 2024. 

 

Apeejay Surrendra Park Limited IPO Valuation

The approx valuation of Apeejay Surrendra Park Limited IPO based on its price band and DRHP (prospectus) is:

Particulars Value
Upper Price Band Rs 155
Existing Shares (Qty) 17.46 Cr
Fresh Issue 600 Cr
Market Cap 3306.3 Cr
EPS (FY23) Rs 2.75
PE Ratio 56.36x
Industry PE 73.60x

 

Apeejay Surrendra Park Limited IPO Issue Size

Apeejay Surrendra Park Limited IPO issue size is 920 Cr

Issue Amount
Fresh Issue 600 Cr
Offer For Sale 320 Cr

 

Apeejay Surrendra Park Limited IPO Market Lot

An Individual can apply for a minimum 1 lot of 96 shares and a maximum of 13 lots of 1248 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 96 14,880
 Maximum 13 1248 1,93,440

 

Apeejay Surrendra Park Limited IPO share offer

The shares of Apeejay Surrendra Park Limited IPO is subscribed 62.89 Times as of 4:59 pm, 7th February 2024. The category-wise shares offered are as follows:

Category % Offered Subscription
Qualified Institutional Minimum 75% 79.23 Times
Non-Institutional Maximum 15% 55.25 Times
Retail Individual Maximum 10% 31.91 Times
Employee 6,75,675 Shares 5.71 Times
Total   62.89 Times

Find below the dates for Apeejay Surrendra Park Limited IPO:

Schedule Date
Basis of Allotment 8 February 2024
Refunds 9 February 2024
Credit to Demat Account 9 February 2024
IPO Listing Date 12 February 2024

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Net Sales 414.94 169.76 243.45 492.05 555.29
Total Expenditure 334.61 159.75 200.14 332.64 369.98
Operating Profit 80.33 10.01 43.31 159.41 185.31
Other Income 11.96 11.89 11.18 14.07 13
Interest 51.04 56.14 59.33 61.78 65.41
Depreciation 33.31 36.16 38.31 47.46 48.34
Exceptional Items 0 -15.07 0 0 0
Profit Before Tax 7.94 -85.47 -43.15 64.24 84.56
Provision for Tax -15.49 -10.49 -13.27 16.52 18.78
Net Profit 23.43 -74.98 -29.88 47.72 65.78
Adjusted EPS (Rs.) 0.13 -0.43 -0.17 0.27 0.31

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 17.47 17.47 17.47 17.47 21.34
Total Reserves 592.89 519.04 489.5 536.29 1171.75
Borrowings 438.3 468.6 476.84 499.84 5.21
Other N/C liabilities 62.91 53.87 47.73 77.3 112.7
Current liabilities 211.11 206.11 227.71 214.06 143.29
Total Liabilities 1322.68 1265.09 1259.25 1344.96 1454.29
Assets
Net Block 1163.45 1145.64 1131.01 1000.04 1024.14
Capital WIP 28.26 27.45 28.51 31.8 40.97
Intangible WIP 0 0 0 0 0
Investments 0.04 0.05 0.05 0.05 0.05
Loans & Advances 25.63 22.18 25.24 36.66 68.48
Other N/C Assets 16.58 3.78 3.91 189.87 185.38
Current Assets 88.72 65.99 70.53 86.54 135.27
Total Assets 1322.68 1265.09 1259.25 1344.96 1454.29
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2023 Mar 2024 Jun 2024 Sep 2024
Other Income 4.32 0.38 3.68 15.51
Profit Before Tax 26.7 25.88 24.46 38.91
Tax 0.92 7.7 26.3 11.42
Profit After Tax 25.78 18.18 -1.84 27.49
Adjusted EPS (Rs) 1.48 0.85 -0.09 1.29

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2024 68.14 0
Jun 2024 68.14 0
Mar 2024 68.14 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Profit from operations 7.94 -85.47 -43.15 64.24 84.56
Adjustment 85.16 89.22 94.37 107.14 108.58
Changes in Assets & Liabilities 3.31 22.49 4.61 -3.49 -17.51
Tax Paid 3.84 0.02 -2.81 4.46 -13.71
Operating Cash Flow 100.25 26.26 53.02 172.35 161.92
Investing Cash Flow -96.93 -24.23 -18.68 -40.55 -102.65
Financing Cash Flow 2.55 -5.11 -34.3 -124.48 -36.26
Net Cash Flow 5.87 -3.08 0.04 7.32 23.01
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