Apeejay Surrendra Park Hotels IPO: A Roller Coaster Ride to Financial Fun!
Introduction
So, guess what’s making a splash in the stock market? Apeejay Surrendra Park Hotels, the big player in the hospitality business, is all set for its grand entrance into the public market with a jaw-dropping Initial Public Offering (IPO) worth a whopping INR 920 crore. Hold your room keys; this is going to be a journey worth checking in for! The IPO extravaganza is scheduled to rock from February 5 to February 7, 2024. Let’s spill the tea on the deets of this hot hospitality affair.
About Apeejay Surrendra Park Hotels
- Prominent Presence: No, it’s not your neighborhood bed and breakfast joint; Apeejay Surrendra Park Hotels proudly stands as the eighth-largest hotel chain in India.
- Diverse Portfolio: With 27 hotels under its belt, the company is not playing small. From luxury boutique to upscale and upper-midscale, they’ve got it all. Think The Park, The Park Collection, and Zone by Park – they’re basically the Avengers of the hotel industry.
- Decades of Expertise: These folks are not your newbie hoteliers. With more than five decades of hotel ownership and operation, they’re like the Gandalfs of the hospitality sector – seasoned and wise.
IPO Date and Subscription Carnival :
- Pack your bags, investors! The Apeejay Surrendra Park Hotels IPO is throwing a subscription party from Monday, February 5, to Wednesday, February 7.
- But guess what? The VIP anchor investors get a sneak peek on Friday, February 2. Talk about early access!
The Price Band Extravaganza:
- Hold onto your wallets, folks! The IPO price band is a swingin’ ₹147 to ₹155 per equity share of the face value of ₹1 each.
- The floor price is like the base camp at 147 times the face value, while the cap price is the VIP lounge at 155 times the face value. Quite the range for a financial fashion show!
Price-to-Earnings Roller Coaster:
- Fasten your seatbelts! The price-to-earnings ratio at the floor price is 53.45 times, and at the cap price, it’s a thrilling 56.36 times. Compared to industry peers at 73.60 times, it’s like Apeejay Surrendra Park Hotels is riding a financial roller coaster!
Lot Size and Allotment Maze:
- Ready to play the IPO lottery? The lot size is a magic number—96 equity shares. Feeling lucky? Apply in multiples of 96 and cross those fingers.
- 75% of the shares are for the cool kids (Qualified Institutional Buyers), 15% for the high rollers (Non-Institutional Investors), and 10% for the retail therapy lovers (Retail Investors).
Allotment Date: Mark Your Calendar!
- Drumroll, please! The basis of allotment unveils its secrets on Thursday, February 8.
- Refunds, if needed, kick in on Friday, February 9.
- Shares make their grand entrance into demat accounts the same day.
- Brace yourselves! Apeejay Surrendra Park Hotels shares will be taking the stage on BSE and NSE on Monday, February 12.
IPO Details: A Financial Fiesta!
- Apeejay Surrendra Park Hotels IPO is making it rain with ₹920 crores.
- Fresh issues worth ₹600 crores and an offer-for-sale (OFS) shower of ₹320 crores.
Use of Proceeds: Where’s the Money Going?
- Following the yellow brick road of finance, net proceeds will fund general corporate operations and maybe throw a party or two.
- It might even pay off some debts—because, let’s face it, even companies need financial detox!
Selling Shareholders: The Money Movers!
- Apeejay Private Ltd, the OG promoter group, is selling shares worth ₹296 crores. Talk about cashing in!
- RECP IV Park Hotel Investors Ltd and RECP IV Park Hotel Co-Investors Ltd are also on the selling spree, making it rain ₹23 crores and ₹1 crore, respectively.
Registrars and Lead Managers: The Party Planners!
- The registrar, Link Intime India Private Ltd, is the official RSVP holder.
- JM Financial Limited, ICICI Securities Limited, and Axis Capital Limited are the maestros behind the IPO beats.
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Disclaimer: Enter at Your Own Risk!
- Before you dive into this financial adventure, remember: views and recommendations are like opinions—everyone’s got one. Do your due diligence, dear investor!
- When in doubt, consult the finance wizards and not just the magic 8-ball.
Stay Updated with Mint: Financial Tea, Anyone?
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Other IPO News: The Side Shows!
- Forget popcorn, grab some financial snacks! Nova Agritech IPO is debuting today. Will the shares rise like a hero or drop like a lead balloon? GMP says, “Hold my popcorn.”
- Also, Aadhar Housing Finance is re-filing DRHP with SEBI, looking to raise ₹5,000-₹5,500 crores via IPO. Talk about a real estate IPO extravaganza!
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Understanding Apeejay Surrendra Park Hotels IPO
Introduction
The Apeejay Surrendra Park Hotels Initial Public Offering (IPO) is like a grand financial party, and everyone’s invited! Let’s take a stroll through the key details and insights surrounding this IPO, without getting lost in the financial jargon jungle.
Important Dates
Mark your calendars, folks! The IPO opens its doors on February 5, 2024, and politely asks everyone to leave by February 7, 2024. However, the VIPs, or as we call them, the Anchor Book investors, get a sneak peek on February 2, 2024. It’s like a fancy pre-party for the financial elite.
Price Band
Hold on to your wallets! The company has set the price band for its IPO at Rs 147-155. It’s like deciding the price of your favorite ice cream flavors – a tough call, but it sets the tone for the entire experience.
Fundraising Goal
Apeejay Surrendra Park Hotels isn’t just raising funds; it’s doing it in style with a goal of Rs 920 crore. That’s not just loose change; it’s the kind of money that makes you consider buying a private island.
Minimum Investment
Ready to play the IPO game? Investors can bid for a minimum of 96 shares. If you’re a retail investor, the minimum entry fee is Rs 14,112. It’s like buying a ticket to the coolest concert in town. And hey, don’t forget, it’s all in multiples of 96, just to keep things interesting.
Allocation Breakdown
It’s like slicing a birthday cake, but instead of different-sized pieces for friends, we have strategic allocations:
- 75 percent for the big players – Qualified Institutional Buyers (QIB).
- 15 percent for the high rollers – High Net-Worth Individuals (HNI).
- 10 percent for the common folk – Retail investors. Because everyone deserves a piece of the financial cake.
Merchant Bankers
Think of them as the event organizers of this IPO party. We have the A-team – JM Financial, Axis Capital, and ICICI Securities, making sure everything runs smoothly. It’s like having the dream team organize your wedding.
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FAQs (Frequently Amusing Questions):
When’s the IPO carnival for Apeejay Surrendra Park Hotels?
Get your dancing shoes on! It’s from Monday, February 5, to Wednesday, February 7. The real VIPs get a sneak peek on Friday, February 2.
How much for the financial roller coaster tickets?
Hold onto your wallets! It’s a wild ride from ₹147 to ₹155 per equity share. Don’t forget the popcorn!
How does the IPO lottery work?
Feeling lucky? The lot size is a magical 96 equity shares. Apply in multiples of 96 and hope for the financial gods to smile upon you!
Who’s making it rain with shares?
Apeejay Private Ltd is the rainmaker, selling shares worth ₹296 crores. RECP IV Park Hotel Investors Ltd and RECP IV Park Hotel Co-Investors Ltd are also making it drizzle.
What is the allocation breakdown for the IPO?
It’s like a guest list – 75% reserved for the big shots (qualified institutional buyers), 15% for the cool kids (non-institutional investors), and 10% for the enthusiasts (retail investors).
Q5: How do I get a backstage pass to financial insights?
- A5: Forget the VIP lounge; join Mint on WhatsApp Channels. Because financial gossip is best served in real-time!
Q6: Any other financial circuses in town?
- A6: Absolutely! Nova Agritech IPO is the headliner today. Will it be a rockstar debut? GMP is the oracle, dropping hints.
- Also, Aadhar Housing Finance is planning a real estate IPO spectacle—stay tuned!
Q7: Where’s my financial GPS for daily market adventures?
- A7: Fear not, intrepid investor! Download The Mint News App and let the financial GPS guide you through the market maze.
And there you have it, folks! The Apeejay Surrendra Park Hotels IPO—a financial roller coaster with more twists than a suspense novel!