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IPO Details


Apeejay Surrendra Park Hotels Ltd
Registered Office: # 17 Park Street, , Kolkata - 700016, West Bengal
Phone: 91-33-2249 9000
Email: investorrelations@asphl.in
Website: www.theparkhotels.com
Initial public offering of 59,385,351* equity shares of face value of Re. 1 each (Equity Shares) of Apeejay Surrendra Park Hotels Limited (The Company or the Issuer) for cash at a price of Rs. 155^^ per equity share (including a share premium of Rs. 154 per equity share) aggregating to Rs. 920.00 crores (the Offer), comprising a fresh issue of 38,740,191* equity shares aggregating to Rs. 600.00 crores by the company (the Fresh Issue) and an offer for sale of 20,645,160* equity shares aggregating to Rs. 320.00 crores, comprising 19,096,774* equity shares aggregating to Rs. 296.00 crores by Apeejay Private Limited (the Promoter Group Selling Shareholder), 1,483,870* equity shares aggregating to Rs. 23.00 crores by Recp IV Park Hotel Investors Ltd and 64,516* equity shares aggregating to Rs. 1.00 crores by Recp IV Park Hotel Co-Investors Ltd (together referred to as the Investor Selling Shareholders and together with the promoter group selling shareholder, referred to as the Selling Shareholders and such equity shares offered by the selling shareholders, the Offered Shares) (Offer for Sale). The offer included a reservation of 675,675* equity shares, aggregating to Rs. 10.00 crores (constituting 0.32%* of the post offer paid-up equity share capital of the company for subscription by eligible employees (the Employee Reservation Portion). The offer less the employee reservation portion is hereinafter referred to as the Net Offer. The offer and the net offer constitute 27.83%* and 27.51%*, respectively, of the post-offer paid-up equity share capital of the company. The company, in consultation with book running lead managers (brlms), offered a discount of 4.52% (equivalent to Rs. 7 per equity share) of the offer price to ligible employees bidding in the employee reservation portion (Employee Discount). The face value of the equity share is Re. 1. The offer price is 155 times the face value of the equity shares.
Issue Money Payable On
Opens On Closes On Application Allotment
05-Feb-2024 07-Feb-2024 155.00 0.00
Minimum Application for shares in Nos : 96 Further Multiples of : 96
()Cr. Lead Managers to the Issue
Project Cost 566.23 Axis Capital Ltd
Project Financed through Current Offer 920.00
Post Issue Equity Share Capital 21.34
Issue Price 155.00
Projects
Repayment/prepayment in full or in part of certain outstanding borrowings availed by the company
General Corporate Purposes
Promoted By
Karan Paul
Priya Paul
Apeejay Surendra Trust
Listing At
BSE
NSE
Registrar to the Issue
Link Intime India Pvt Ltd

INDIAN INDICES

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