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  1. Apeejay Surrendra Park Hotels Limited IPO | Should you apply?

Apeejay Surrendra Park Hotels Limited IPO | Should you apply?

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Upstox

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2 min read • Updated: February 5, 2024, 7:55 PM

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To apply for this IPO on Upstox, click here - https://upstox.com/ipo-initial-public-offering/apeejay-surrendra-park-hotels-ipo

To apply for this IPO on Upstox, click here - https://upstox.com/ipo-initial-public-offering/apeejay-surrendra-park-hotels-ipo

📈 IPO Key Details Apeejay Surrendra Park Hotels Limited is set to open its IPO subscription from 5th to 7th February 2024. Let's explore the key details and the business model of the company.

  • Issue opens: 5th February 2024
  • Issue closes: 7th February 2024
  • Price band: ₹147 – ₹155 per share
  • Lot size: 96 shares
  • Cost per lot: ₹14,880
  • Issue size: Approx. ₹920 crore

💡 Apeejay Surrendra Park Hotels Limited’s Business Established in 1987, Apeejay Surrendra Park Hotels Limited boasts a chain of hotels in India. As of September 30, 2023, the company holds the 8th rank in chain-affiliated hotel room inventory. The company's brands include The Park, The Park Collection, Zone by The Park, Zone Connect by The Park, and Stop by Zone. It is also present in the retail food and beverage industry through 'Flurys.'

🌐 Pan-India Presence With 30 hotels in the upscale and upper midscale categories, Apeejay Surrendra Park Hotels Limited has a nationwide presence. The hotels are strategically located in metros like Kolkata, Delhi, Chennai, Hyderabad, Bangalore, and Mumbai, as well as in Coimbatore, Indore, Goa, Jaipur, and other cities.

🍽 Food, Beverage, and Entertainment Segment The company operates 81 restaurants, nightclubs, and bars under various brands. The renowned 'Flurys' brand has 73 outlets in Kolkata, West Bengal, Mumbai, Navi Mumbai, and Delhi. Additionally, Apeejay Surrendra Park Hotels plans to introduce 21 new properties across India, representing 1,855 rooms.

💰 ** Financial Snapshot** Between FY21 and FY23, the company achieved a remarkable 41% CAGR rise in revenue from operations.

📊 Why is Apeejay Surrendra Park Hotels Limited Going Public? The IPO includes an offer for sale and a fresh issue. The funds raised through the fresh issue will be utilised for repaying borrowings and general corporate purposes. The shares will be listed on the NSE and BSE.