Park Hotels IPO Review, Dates, Allotment, Size, Live Bid Details, GMP & RHPLast Updated Date: Sep 08, 2023
The Park Hotels IPO, set for September 2023, marks a significant moment in the Indian hospitality sector. Apeejay Surrendra Park Hotels Ltd (ASPHL) has persevered through pandemic-induced delays and regulatory considerations to bring this Park Hotels IPO to fruition.
With a portfolio of 22 hotels across major Indian cities and ambitious expansion plans, ASPHL reflects its confidence in a post-pandemic recovery.
|Face Value||Rs 1|
|Price Band||Rs NA|
|Listing At||BSE, NSE|
|Min. Order Quantity||NA Shares|
|Offer for Sale||Rs 400 Crore|
|Fresh Issue||Rs 650 Crore|
|IPO Size||Rs 1,050 Crore|
Park Hotels IPO Overview
Apeejay Surrendra Park Hotels Ltd (ASPHL) is gearing up for an Initial Public Offering (IPO) of Rs 1,500 crore, scheduled for September 2023, after facing multiple delays due to the COVID-19 pandemic and regulatory considerations.
Initially filing for a Rs 1,000 crore IPO in January 2020, the company received SEBI’s approval but postponed its plans amid the pandemic’s uncertainties.
ASPHL currently operates 22 hotels, encompassing 2,000 rooms across major Indian cities, with ambitious plans to expand to 40 hotels in the next four years, reflecting confidence in the post-pandemic recovery.
The ownership structure comprises Apeejay promoters and associated companies holding over 75% of the hotel chain, while RECP IV Park Hotel Investors, backed by Credit Suisse, owns approximately 8%.
ASPHL also owns the iconic Flurys brand, with plans to expand from 65 outlets to 200 nationwide in the next two years. Axis Bank, JM Financial, and ICICI Securities will lead the IPO, indicating strong financial sector interest.
Regarding IPO details, the face value is Rs 10, the price band is yet to be disclosed, and the listing date remains pending. The IPO comprises an offer for sale worth Rs 6,000 million and a fresh issue of Rs 4,000 million, with a total Park Hotels IPO size of Rs 10,000 million.
The minimum order quantity and tick size details are yet to be revealed. The Park Hotels IPO is a significant development in the Indian hospitality sector, and its allotment, grey market price, and other details, along with the company’s background and financial position, will be closely watched by investors and industry experts.
Park Hotels IPO Important Dates
|IPO Opening Date||Not Disclosed|
|IPO Closing Date||Not Disclosed|
|Basis of Allotment Finalization||Not Disclosed|
|Refunds Initiation||Not Disclosed|
|Credit of Shares to Demat Account||Not Disclosed|
|Share Listing Date||Not Disclosed|
The eagerly anticipated Park Hotels IPO has generated significant interest among investors and stakeholders. However, as of now, the specific Park Hotels IPO Important Dates are yet to be officially released.
The company is currently in the process of finalizing its IPO details, including the price band, listing date, and other critical dates that are crucial for investors to plan their participation.
Market participants and potential investors are advised to stay tuned for announcements from Apeejay Surrendra Park Hotels Ltd (ASPHL) and the regulatory authorities regarding the IPO schedule.
The IPO’s success and reception will depend on a well-planned and executed timeline, which will be unveiled in due course.
Park Hotels IPO Price, Size, Share Offerings
|Price Band||Rs NA|
|Offer for Sale||Rs 400 Crore|
|Fresh Issue||Rs 650 Crore|
|IPO Size||Rs 1,050 Crore|
Following pandemic-induced delays and regulatory concerns, Apeejay Surrendra Park Hotels Ltd (ASPHL) plans to undertake an Initial Public Offering (IPO) of Rs 1,500 crore in September 2023.
ASPHL gained SEBI clearance for a Rs 1,000 crore IPO in January 2020 but stalled it owing to pandemic risks. ASPHL’s IPO specifics include a Park Hotels IPO price of Rs 10, an unknown price band, and an upcoming listing date.
The company currently operates 22 hotels with 2,000 rooms throughout key Indian cities, with aspirations to expand to 40 hotels.
The IPO consists of a Rs 6,000 million share offerings and a Rs 4,000 million new issuance, for a total IPO value of Rs 10,000 million. Specifics such as minimum order quantity and tick size are yet to be disclosed.
Park Hotels IPO Grey Market Premium
|Date||GMP (Rs.)||Kostak Rate (Rs.)||Subject to Sauda (Rs.)|
As anticipation builds for the Park Hotels IPO, potential investors and market observers often turn to the Grey Market Premium (GMP) to gauge market sentiment and demand for the company’s shares. However, it’s important to note that, as of the current information available, there is no Park Hotels IPO GMP data accessible.
The Grey Market Premium typically reflects the difference between the IPO’s expected price in the primary market and its perceived value in the secondary, unofficial market.
It serves as an informal indicator of investor sentiment and demand before the IPO officially hits the stock exchange.
This data will provide insights into the market’s perception of the IPO’s pricing and potential for price appreciation once it begins trading in the stock market. Monitoring the GMP can be a valuable tool for investors to make informed decisions about participating in the IPO.
Park Hotels IPO Subscription Status
|Day / Date||QIB||NII||RII||Emp||Total Subscription|
|1st Day –|
|2nd Day –|
|3rd Day –|
|Shares Offered or Net Issue|
As of now, there is no data available regarding the Park Hotels IPO Subscription Status. Investors and interested parties are eagerly awaiting updates on when the subscription window will open and the level of investor interest in the IPO.
The subscription status is a crucial metric as it reflects the demand for IPO shares among investors. It indicates whether the IPO is oversubscribed or undersubscribed, providing insights into market sentiment and the attractiveness of the offering.
Stakeholders and potential investors are advised to keep a close watch on announcements from ASPHL and regulatory authorities regarding the IPO subscription period.
Park Hotels IPO Allotment Status
There is no information available about the Park Hotels IPO Allotment Status as of the latest update. Investors and applicants should be patient and watchful while the firm and regulatory agencies strive to finalize the allotment status.
The allocation status is typically made accessible after the IPO subscription period has ended and the allotment procedure has been completed.
Investors can monitor the Park Hotels IPO allotment status by visiting the company’s official website, the registrar’s website, or financial news portals once the information is publicly available.
It is vital to monitor updates to learn when the allotment status will be publicly announced since this information is critical for investors to calculate the number of shares allotted to them.
Park Hotels IPO Live Performance
There is currently no data available on the Park Hotels IPO Live Performance. Investors and market participants are anxiously anticipating the IPO’s launch and subsequent trading to assess its performance.
Given the excitement around Apeejay Surrendra Park Hotels Ltd’s (ASPHL) first public offering, its live performance will be widely scrutinized once it becomes accessible.
The opening and closing prices of the IPO, as well as trading volume and overall market mood, will give information about its initial reception and potential future trends. Stay tuned for updates as the IPO date approaches and market data becomes available, allowing stakeholders to judge the performance of the Park Hotels IPO in real time.
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Latest Park Hotels IPO News
As of the latest update, there is no specific Park Hotels IPO news available regarding the Park Hotels IPO. The company’s IPO plans have been eagerly anticipated, especially after facing delays due to the COVID-19 pandemic and regulatory considerations.
However, details about the price band, listing date, and other critical information have yet to be officially announced. Investors, stakeholders, and the market at large are eagerly awaiting any developments or updates regarding this significant IPO, which is expected to make waves in the Indian hospitality sector.
Stay tuned for the latest news and updates as they become available, as they will provide valuable insights for those interested in the Park Hotels IPO.
Park Hotels – Company Review
The Park Hotels, a renowned hospitality brand, is managed by the Apeejay Surrendra Group, a diversified conglomerate with interests spanning Tea, Hospitality, Shipping, Real Estate, Retail, and Financial Services.
In each city where The Park Hotels are located, they occupy prime downtown locations, ensuring guests have convenient access to commercial and entertainment hubs.
The brand’s journey began in 1967 when The Park Hotel Kolkata opened its doors, offering urban luxury in a prime downtown location. Following renovations, the hotel boasts a contemporary and stylish ambiance, with all 149 rooms elegantly furnished and providing exclusive services.
In 1988, The Park New Delhi opened with 220 rooms on Parliament Road. In 1995, The Park Bangalore launched as an urban retreat with 109 rooms. The Park Chennai, with 214 rooms, joined in 2002 on Anna Salai. Navi Mumbai added an 80-room contemporary hotel. In 2011, The Park Hyderabad set architectural and style standards with 263 rooms.
The brand continues to grow, with plans to open new properties in Kolkata’s Eastern Metropolitan Bypass and other major cities and leisure destinations. Additionally, The Park Collection offers an intimate and personalized guest experience, including The Park Calangute Goa and The Park Baga River.
Zone by The Park, an upscale social catalyst brand, caters to design-conscious, price-conscious guests. With a presence in cities like Coimbatore, Chennai, Jaipur, Jodhpur, Bengaluru, Kolkata, Jammu, Phalodi, Gopalpur, Dimapur, and Pathankot, Zone by The Park offers a contemporary and vibrant hospitality experience.
Each of The Park Hotels has a unique identity, blending local culture into its decor while maintaining a strong emphasis on contemporary design.
This fusion of modernity and local cultural ethos results in stylistic luxury that elevates every aspect of The Park Hotels’ guest experience.
Products or Services
Upscale Hotels in Prime Locations
- The Park Kolkata: Urban luxury with 149 lavishly furnished rooms.
- The Park New Delhi: Iconic presence in the capital with 220 rooms.
- The Park Bangalore: Urban retreat with 109 rooms in the Silicon City.
- The Park Chennai: Cosmopolitan haven with 214 rooms in the business district.
- Navi Mumbai: Contemporary 80-room hotel redefining service with style.
- The Park Hyderabad: Setting architectural and style standards with 263 rooms.
Exclusive Collection: The Park Collection
- Includes The Park Calangute Goa and The Park Baga River.
- Offers an intimate and personalized guest experience in leisure destinations.
Zone by The Park
- An upscale social catalyst brand catering to design-conscious, price-conscious guests.
- Presence in multiple cities including Coimbatore, Chennai, Jaipur, and more.
Provides a contemporary and vibrant hospitality experience.
Promoters and Holding
Apeejay Surrendra Park Hotels Ltd (ASPHL) is underpinned by a group of dedicated promoters who play a pivotal role in the company’s foundation and ongoing success.
As of the date of this Draft Red Herring Prospectus, the promoters of ASPHL include individual promoters and a key promoter trust.
Among the individual promoters are:
- Karan Paul: Karan Paul serves as a Promoter and Non-Executive Director of ASPHL.
- Priya Paul: Priya Paul takes on the roles of Promoter, Chairperson, and Executive Director of ASPHL.
The company’s Promoter Trust, Apeejay Surrendra Trust, was established by the Indian Trust Act, of 1882. The trust’s trustees include Karan Paul, Priya Paul, and Debangshu Mukherjee, with Karan Paul serving as the managing trustee.
Recent trustee changes include the appointment of Priya Paul and the unfortunate passing of Shirin Paul. Additionally, Debangshu Mukherjee has been newly appointed as a trustee.
Is Park Hotels Good for Investment?
Apeejay Surrendra Park Hotels IPO Ltd (ASPHL) operates in a dynamic market shaped by key factors. India’s rapid urbanization has resulted in the emergence of megacities, including Mumbai, Delhi NCR, Bengaluru, Kolkata, and Chennai. Ahmedabad and Hyderabad expects to join this league by 2030.
Remarkably, ASPHL already has a presence in six of these seven megacities, positioning itself advantageously for growth.
India’s urban population is projected to reach 594 million by 2036, stimulating various business sectors, including hospitality. The rise of India’s middle class, estimated to exceed 1 billion by FY47, fosters demand for upper-tier hotel services.
The youth demographic, expected to continue growing until 2055, not only seeks employment opportunities but also possesses discretionary spending capacity, benefiting the hotel sector.
ASPHL strategically taps into these trends with its lifestyle-focused hotels catering to evolving preferences. The company extends this boutique model to second-tier markets, aligning with the younger population’s lifestyle expectations.
ASPHL’s growth aligns with the chain-affiliated hotel industry, emphasizing segments like luxury, upscale, upper midscale, midscale, and economy.
In conclusion, ASPHL thrives in a dynamic market characterized by urbanization, middle-class expansion, and a youthful demographic, positioning it favorably for continued growth in India’s evolving hospitality sector.
Park Hotels Financial Statements
|Amount (in INR & Million)|
|Profit After Tax||
Apeejay Surrendra Park Hotels Limited, as of March 31, 2023, reported robust financials. Total assets reached INR 13,617.90 million, showing growth. Equity, primarily held by the parent, amounted to INR 5,556.82 million, while non-controlling interests were minimal.
The company achieved a total income of INR 5,244.30 million, driven by increased revenues from contracts with customers and other income.
Expenses, including those related to food and beverages, employee benefits, and finance costs, summed up to INR 4,589.63 million. Consequently, the restated profit before tax surged to INR 654.67 million, reflecting significant improvement.
Cash flows from operating activities stood strong at INR 1,763.25 million, indicating the company’s ability to generate cash from core operations.
Investing activities and financing activities showed fluctuations, with investments in property, plant, equipment, and borrowings. Cash and cash equivalents at the end of the period were INR 165.70 million, reflecting the company’s liquidity position.
In summary, Park Hotels Limited displayed robust financial performance, marked by growing assets, income, and profitability, underlining its financial stability and growth potential.
|Earnings per Equity Share (in Million)|
|Basic & Diluted||
Park Hotels IPO Review
Apeejay Surrendra Park Hotels Ltd (ASPHL) is gearing up for a long-awaited Initial Public Offering (IPO) of Rs 1,500 crore, set for September 2023, following delays due to the pandemic and regulatory considerations.
The company currently operates 22 hotels in major Indian cities and has ambitious plans to expand to 40 hotels in the next four years. Ownership is primarily with Apeejay promoters, while RECP IV Park Hotel Investors, backed by Credit Suisse, owns around 8%.
The Park Hotels IPO, led by Axis Bank, JM Financial, and ICICI Securities, comprises an offer for sale and a fresh issue, with a total size of Rs 10,000 million. Specific details like the price band are to disclose. Investors and industry experts eagerly await the IPO’s details and its potential impact on the Indian hospitality sector.
Park Hotels IPO Details
Here are a few more details you need to know before investing in Park Hotels IPO –
Park Hotels IPO Issue Object
Thus, Park Hotels has proposed diverse objectives for making the IPO offer and some of the objectives are:
Repayment/ prepayment, in full or in part of certain outstanding borrowings availed by our Company and
General corporate purposes
Park Hotels IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- We have built successful hospitality brands through product innovation and service excellence to attract customers through a diversified and holistic offering.
- A diversified Pan India portfolio of owned, leased and managed hotels that are strategically located across metros and emerging cities.
- High occupancy rate and REVPAR with a strong financial and operational track record.
- High F&B and Entertainment contributions which add to stable and non-cyclical earnings while complementing the hotel business
- “Flurys” is an iconic brand with a successful and profitable track record of industry-leading EBITDA margins.
- Dedicated and experienced leadership team with high standards of corporate governance.
Quantitative factors are:
|Basic & Diluted EPS||RONW (%)||NAV (Rs.)|
Park Hotels IPO Lead Managers
Here are the list of Lead managers –
JM Financial Limited
Axis Capital Limited
ICICI Securities Limited
Park Hotels IPO Registrar to offer
Check out the details of the registrar here –
Link Intime India Private Limited
C-101, 1stFloor, 247 Park, Lal Bahadur Shastri Marg, Vikhroli (West),
Mumbai –400 083, Maharashtra, India
Telephone number: +91 810 811 4949
Investor grievance e-mail: email@example.com
Contact person: Shanti Gopalkrishnan
SEBI registration number: INR000004058
Park Hotels IPO – Other Details
- Statutory Auditor – S.R. Batliboi & Co. LLP, Chartered Accountants
- Legal Counsel to the Company – J. Sagar Associates
- Bankers to the Company – ICICI Bank Limited, HDFC Bank Limited and The Federal Bank Limited
Park Hotels IPO Verdict by Stock Brokers
The Park Hotels IPO, set for September 2023 at Rs 1,500 crore, is an opportunity in India’s hospitality sector. Delayed by the pandemic and regulatory concerns, Apeejay Surrendra Park Hotels Ltd (ASPHL) finally moves forward.
Operating 22 hotels across major Indian cities, ASPHL is on track to expand to 40 hotels, indicating post-pandemic confidence.
With strong support from Apeejay promoters and Credit Suisse-backed RECP IV Park Hotel Investors, the IPO is highly anticipated. However, details like the price band remain undisclosed. ASPHL’s robust financial performance, marked by growing assets and profitability, highlights its financial strength.
The IPO’s success will hinge on market conditions and investor sentiment. This IPO could reshape India’s hospitality, but investors should stay informed as final details and market conditions at the offering date will determine its potential.
Park Hotels IPO – Conclusion
As the Park Hotels IPO approaches, it stands as a beacon of optimism in the hospitality industry. ASPHL’s journey to expansion, backed by strong promoters and investors, adds an exciting chapter to India’s evolving hospitality landscape.
While finer details are yet to be unveiled, the IPO’s impact will be closely observed, potentially reshaping the future of hospitality in India. Investors and industry enthusiasts await the unveiling of this significant milestone with anticipation.
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Park Hotels IPO Review FAQs
Check out the FAQs on Park Hotels IPO –
What is the Issue Size of Park Hotels IPO?
The Company is making an initial public offer of NA equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Park Hotels IPO?
The price band for this particular IPO ranges between Rs.NA to Rs. NA. As far as the face value of the share is concerned, it is Rs.1 per share.
What is the Park Hotels IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on NA, while the closing date is set at NA.
What is the Park Hotels IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on NA, refund initiation is on NA, credit of shares is on NA, and share listing date is on NA.
What is the Park Hotels IPO Listing Date?
Shares of this company shall be listed in the exchanges NA. The date, when the listing would be done, is stagnant on NA.
Who is the Registrar of Park Hotels IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. Link Intime India Private Limited. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Park Hotels IPO?
Here are the promoters of this IPO – KARAN PAUL, PRIYA PAUL, APEEJAY SURRENDRA TRUSTAND GREAT EASTERN STORES PRIVATE LIMITED. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Park Hotels IPO?
They have obtained the GMP of this IPO and it is Rs. NA. Further insights of the Kostak rate and subject to sauda or SS are also included in this report.
Is Park Hotels IPO Good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Park Hotels Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2023 in Million is 480.62, 2022 is (282.02), 2021 is (758.84).
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