loader2
Login Open ICICI 3-in-1 Account
Open ICICI 3-in-1 Account
IPOLogoImag

APEEJAY SURRENDRA PARK HOTELS IPO

IPO Details

-
-
96 Shares
-
₹ 147– 155
₹ Up to 920 Cr

Issue timeline

  • -
  • 08-Feb-2024
  • 09-Feb-2024
  • 09-Feb-2024
  • 12-Feb-2024

Subscription Status

Shareholder -
Qualified Institutional Buyers -
Non-Institutional Investor -
Retail Individual Investor -
Employee -
Total -

About Company

- The 8th largest hotel chain amongst hotel chains with asset ownership in India (Source: Horwath HTL Report).

- Operates hospitality assets under their own brands, “THE PARK”, “THE PARK Collection”, “Zone by The Park”, “Zone Connect by The Park” and “Stop by Zone”.

- Has established presence in the retail food and beverage industry through their retail brand ‘Flurys’.

Strengths & Risks

Strengths (3)

They have built successful hospitality brands

They are the eight largest hotel Company amongst hotel chains with asset ownership in India. They have successfully created iconic brands as part of their food, beverage, and entertainment offerings, which include Zen, Someplace Else, Tantra, Roxy, iBar, The Leather Bar, Pasha, Aqua, Zen, Lotus, Fire, 601, The Bridge and their spa and wellness offering, “Aura”(Source: Company DRHP)

Risks (2)

Business is subject to seasonal and cyclical variations

The hotel and hospitality industry in India is subject to seasonal variations. Seasonality, particularly in terms of summer and winter variations, can be expected to cause quarterly fluctuations. The hospitality industry is cyclical. The combination of changes in economic conditions which affects the demand of the hotel rooms in a location and the supply of hotel rooms at any given period of time, including periods of excess supply, can result in significant volatility in their results(Source: Company DRHP)

  • They have built successful hospitality brands

    They are the eight largest hotel Company amongst hotel chains with asset ownership in India. They have successfully created iconic brands as part of their food, beverage, and entertainment offerings, which include Zen, Someplace Else, Tantra, Roxy, iBar, The Leather Bar, Pasha, Aqua, Zen, Lotus, Fire, 601, The Bridge and their spa and wellness offering, “Aura”(Source: Company DRHP)

  • A diversified Pan India portfolio of owned, leased and managed hotels

    They operate 27 hotels across upscale to upper midscale category, with pan-India presence representing 2,111 rooms. They have grown their business geographically with the opening of 10 managed and leased hotels in the last 3 years, adding 499 rooms to their total portfolio. (Source: Company DRHP)

  • “Flurys” is an iconic brand with a successful and profitable track record of industry leading EBITDA margins

    The “Flurys” has a distinctive track record in the retail food and beverage chain and is widely recognised brand in India. “Flurys” is their established retail food and beverage brand under which we operate – 70 outlets with multiple formats such as kiosk format, café format and restaurant format. (Source: Company DRHP)

  • Business is subject to seasonal and cyclical variations

    The hotel and hospitality industry in India is subject to seasonal variations. Seasonality, particularly in terms of summer and winter variations, can be expected to cause quarterly fluctuations. The hospitality industry is cyclical. The combination of changes in economic conditions which affects the demand of the hotel rooms in a location and the supply of hotel rooms at any given period of time, including periods of excess supply, can result in significant volatility in their results(Source: Company DRHP)

  • They have had restated losses in the past

    They have had in the past, and may in the future, experience losses. They had a restated loss of ₹282.02 million and ₹758.84 million for the Fiscals 2022, and 2021, respectively primarily arising out of the impact of COVID-19 pandemic. Any losses in the future could adversely affect their financial condition, and cash flows.(Source: Company DRHP)

Financials

Net Worth
Total Income
Total Borrowings
Restated Profit/loss for the year
Basic Earning Per Share

Industry Overview

- Domestic restaurant services industry estimated to grow at 10-12% CAGR till fiscal 2028: The Indian food services industry was valued at an estimated Rs 4.6 trillion in fiscal 2020, growing at a CAGR of around 10% from FY18 to 20. Growth was driven by India’s rising disposable income and an uptick in discretionary spending on eating out.In fiscal 2023, the industry is estimated to have grown 25-30% (YoY) to about Rs 4.1 to 4.3 trillion backed by increased mobility and higher discretionary spending.

- Future domestic demand-Hotel Industry: FY23 witnessed significant growth of 29% over FY19 demand and this was driven mainly by pent-up corporate and MICE travel demand. Strong growth levels are expected to continue in FY24 and a likely slowdown in FY25 since there will be general elections. Growth in FY26 and FY27 is assumed at 10% (Source: Company DRHP)

Apeejay Surrendra Park Hotels IPO FAQs

What is the minimum lot size and investment required for Apeejay Surrendra Park Hotels IPO?

The lot size is 96 shares and minimum investment required is Rs.14,880 for Apeejay Surrendra Park Hotels IPO

Apeejay Surrendra Park Hotels IPO is mainboard IPO of issue size up to Rs.920 Crores

Apeejay Surrendra Park Hotels IPO issue opens from 05th Feb, 2024 and closes on 07th Feb,2024.

The allotment date is 08th Feb, 2024 and listing date is 12th Feb,2024 for Apeejay Surrendra Park Hotels IPO.

Head to IPO section on ICICI Direct website and select Apeejay Surrendra Park Hotels IPO. Enter and submit bid details and then click on proceed to apply once details are verified. It’s that simple!!

View More
vishal-mega-mart IPO

Apeejay Surrendra Park Hotels IPO

-
96 Shares

Subscription Status

Shareholder -
Qualified Institutional Buyers -
Non-Institutional Investor -
Retail Individual Investor -
Employee -
Total -

Download
ICICI Direct app

market app

*The financials mentioned above are sourced from DRHP/ RHP documents.

✕
Application status