Apeejay Surrendra Park Hotels Limited IPO GMP, Date, Price Band & Review

Apeejay Surrendra Park Hotels Limited (ASPHL) is the 8th largest hotel chain amongst hotel chains with asset ownership in India. ASPHL operates under five brands - THE Park, THE Park Collection, Zone by The Park, Zone Connect by The Park and Stop by Zone. With a long-standing expertise of over five decades in the hospitality business of owning and operating hotels, the group pioneered the concept of luxury boutique hotels in India under its brand, THE Park, extending it further through THE Park Collection and in upper midscale categories with the brands Zone by The Park and Zone Connect by The Park, and the recently launched Stop by Zone. All based in prime downtown locations, they are presently located in Bangalore, Chennai, Goa, Hyderabad, Indore, Kolkata, Mumbai, Navi Mumbai, New Delhi and Visakhapatnam. The group will also be opening soon in Chettinad, Patiala, Pune, and Kolkata.

ASPHL’s first hotel was launched under the brand THE Park at the iconic Park Street in Kolkata. Apeejay Surrendra Park IPO is a book built issue of Rs 920.00 crores. The issue is a combination of fresh issue of 3.87 crore shares aggregating to Rs 600.00 crores and offer for sale of 2.06 crore shares aggregating to Rs 320.00 crores. Apeejay Surrendra Park IPO price band is set at ₹147 to ₹155 per share. The minimum lot size for an application is 96 Shares. Jm Financial Limited, ICICI Securities Limited and Axis Capital Limited are the book running lead managers of the Apeejay Surrendra Park IPO, while Link Intime India Private Ltd is the registrar for the issue.