
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
Overall Subscription
62.90x
Total Demand
QIB Multiplier
79.23x
Institutions & Funds
NII / HNI
55.26x
High Net-Worth
Retail (RII)
32.00x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 17,612,903 | 1,395,433,920 | 79.23x |
| NIB | 8,806,451 | 486,635,712 | 55.26x |
| HNIs(10L +) | 5,870,968 | 361,356,960 | 61.55x |
| HNIs (2-10L) | 2,935,484 | 125,278,752 | 42.68x |
| RETAIL | 5,870,968 | 187,883,712 | 32.00x |
| EMPLOYEES | 677,419 | 3,870,048 | 5.71x |
| Total | 41,774,193 | 2,560,459,104 | 62.90x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 216,398 | 6,924,736 | 32.00x |
| HNIs (10L +) | 1,384 | 76,480 | 55.26x |
| HNIs (2-10L) | 6,624 | 366,042 | 55.26x |
| Total Applications | 224,406 | 7,367,258 | 32.83x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
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.
The latest Grey Market Premium (GMP) for Apeejay Surrendra Park Hotels Limited IPO is ₹38 per equity share. Based on the upper price band of ₹147 to ₹155 per equity share, the estimated listing price is ₹193 (+24.5% expected listing gain).
With a lot size of 96 shares and current GMP of ₹38, the expected profit per application lot is approx ₹3,648 (+24.5% gain). Minimum application cost is approx ₹14,880.
The Apeejay Surrendra Park Hotels Limited IPO aggregate issue size is ₹920 Crores with an equity price band set at ₹147 to ₹155 per equity share. The retail lot size is 96 shares requiring a minimum capital outlay of approx. ₹14,880.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 62.90x (Retail: 32.00x, QIB: 79.23x, NII: 55.26x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Link Intime India Private Limited) and the BSE status verification website on or around 2024-02-08. Investors can verify status using PAN card or application number.
Apeejay Surrendra Park Hotels Limited shares are scheduled to list on NSE and BSE on 2024-02-12.