Apeejay Surrendra Park Hotels IPO GMP, Price Details For Investor

Apeejay Surrendra Park Hotels IPO GMP, Price ,Important Dates and Full Details For Investor

 

Date: February 3, 2024

 

                                         Apeejay Surrendra Park Hotels IPO GMP today is ₹72, say market observers

As Apeejay Surrendra Park Hotels (ASPH) prepares for its landmark Initial Public Offering (IPO) to raise a substantial ₹920 crore, the Gray Market Premium (GMP) reflects a surge in investor enthusiasm. Known for its upscale “The Park” brand, ASPH’s foray into the stock market is generating significant interest. This article not only covers the key IPO details and company insights but also explores the Gray Market Premium, offering a holistic view for potential investors.

Apeejay Surrendra Park Hotels IPO  Details

Issue Size:₹920 crore
– Fresh Issue:₹600 crore
– Offer for Sale (OFS): ₹320 crore
– Price Band: ₹147 – ₹155 per share
– Minimum Investment: ₹14,112 (for 96 shares)
– Lot Size: 96 Shares
– Open Date: February 5, 2024
– Close Date: February 7, 2024
– Listing Date: February 12, 2024
– Listing Exchange: BSE & NSE

Company Profile:

Apeejay Surrendra Park Hotels(ASPH), with over three decades of legacy, has built a strong reputation for its curated hospitality experiences. Operating 27 hotels across luxury boutique, upscale, and upper midscale categories, ASPH strategically caters to diverse travelers in key cities like Kolkata, Delhi, Bengaluru, and Jaipur.

 

Financial Performance:

ASPH’s promising financial performance includes:

– High Occupancy Rates: Consistently maintaining occupancy rates above 90% showcases strong demand for their hotels.
– Revenue Growth: Steady revenue growth over the past three years, coupled with a focus on profitability enhancement.
– Earnings Expansion: Modest but positive growth in the average Earnings Per Share (EPS) suggests potential for future earnings expansion.

Industry Outlook:

The Indian hospitality sector’s growth prospects are fueled by:

– Rising Disposable Income: Increasing spending power among Indians is anticipated to drive demand for travel and hotel stays.
– Growing Tourism: India’s rising popularity as a tourist destination is poised to boost the hospitality sector.
– Government Initiatives: Initiatives like “Incredible India” and infrastructure development are expected to attract more tourists.

Investment Considerations:

Despite the promising outlook, investors should consider:

– Moderate Financials: ASPH’s financial ratios, including return on net worth (RONW), are moderate compared to some industry peers.
– Valuation Concerns: The price band raises valuation considerations, deemed high by some analysts in relation to current financials.
– Competition: The highly competitive nature of the Indian hospitality sector demands constant innovation and differentiation.

Gray Market Premium (GMP):

As of the latest reports, the Gray Market Premium for ASPH’s IPO is witnessing robust demand. The GMP, indicative of the premium at which the IPO shares are trading in the unofficial market, reflects heightened investor interest.

Note: Apeejay Surrendra Park Hotels IPO GMP today is ₹72, say market observers.

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