
Industrial & Financial Services · NSE / BSE
Apeejay Surrendra Park Hotels Limited, founded in 1987, is a prominent hospitality company known for its portfolio of brands such as THE PARK, THE PARK Collection, Zone by The Park, Zone Connect by The Park, and Stop by Zone, along with the popular Flurys brand in the retail food and beverage segment. As of March 31, 2023, it operates 80 restaurants, nightclubs, and bars, and manages 27 hotels across luxury boutique, upscale, and upper midscale categories in major cities like Kolkata, New Delhi, Chennai, Hyderabad, Bangalore, Mumbai, Goa, and Jaipur, offering a total of 2,111 rooms as of August 2023. The company also runs several renowned restaurants including Zen, Lotus, Aish, Saffron, Fire, Italia, The Bridge, and Bazaar. With a workforce of 1,923 employees as of June 2023, the company continues to deliver strong hospitality, dining, and entertainment experiences across all its brands.
Price Band
₹147 – ₹155
Issue Size
₹920 Cr
Lot Size
96 shares
GMP
+24.5%
Est. Listing
₹193
at current GMP
Subscribed
62.90x
overall
Open
5 Feb 2024
Close
7 Feb 2024
Allotment
8 Feb 2024
Refund
9 Feb 2024
Demat Credit
10 Feb 2024
Listing
12 Feb 2024
Designated Registrar: Link Intime India Private Limited
Allotment Date
8 Feb 2024
Basis finalization
Refunds Initiate
9 Feb 2024
Mandate release
Demat Credit
10 Feb 2024
Shares in demat
Listing Debut
12 Feb 2024
Trading begins
Apeejay Surrendra Park Hotels Limited is bringing an initial public offering (IPO) in the Industrial & Financial Services sector with an aggregate issue size of ₹920 Crores. The shares are offered at a price band of ₹147 to ₹155 per equity share on NSE and BSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 96 shares (approx. ₹14,880 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Link Intime India Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2024-02-10, while un-allotted funds or UPI block mandates will be released on 2024-02-09.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.