APJ Surendra Hotels IPO

Overview:

Company Name: APJ Surendra Park Hotels Limited

• IPO Opening Date: February 5, 2024
• IPO Closing Date: February 7, 2024
• Minimum Investment: ₹14,880
• Price Band: ₹147-₹155 per share
• Total Fundraising Target: ₹920 crores
• Allocation:
  • ₹600 crores from issuance of new shares
  • ₹320 crores from sale of shares by promoters

Listing Date: February 12, 2024

• Stock Exchanges: Bombay Stock Exchange (BSE) and National Stock Exchange (NSE)

 

APJ Surendra Hotels IPO Investment Details:

Investment	Number of Shares	Total Investment
Minimum (1 lot)	96 shares	₹14,880
Maximum (13 lots)	1,248 shares	₹193,440

Allocation:

• Qualified Institutional Buyers (QIBs): 75%
• Retail Investors: 10%
• Non-Institutional Investors (NIIs): 15%

 

Overview of the Company:

Year of Establishment: 1987
Brands: Stop by The Park, Zone by The Park, Zone Connect by The Park, The Park, and The Park Collection
Operating currently are 27 hotels located in key cities such as Bangalore, Hyderabad, Chennai, Mumbai, Kolkata, and New Delhi.
Further Business: The retail food and beverage sector operating under the ‘Flurries’ brand
Runs 80 bars, nightclubs, and restaurants as of March 31, 2023.
Prospective Investment:

APJ Surendra Park Hotels Limited presents a prospect for investors to engage in the hospitality industry and leverage its prospects for expansion. The company intends to utilize the money acquired through the IPO to expand its operations and increase shareholder value. It has a varied portfolio of hotels and a strong presence in important markets.

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Crucial Points to Remember:

Before making any investment decisions in APJ Surendra Hotels IPO, investors are urged to carefully read the prospectus and speak with their financial advisors. Investors have a brief window of time to join APJ Surendra Park Hotels Limited in its quest to take advantage of expansion prospects in the hospitality sector, thanks to the IPO.

Disclaimer: Nothing on this page should be construed as investment advice as we are not SEBI registered ; it is merely informational. Before purchasing any securities, investors should perform their own investigation and due diligence.

 

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