APEEJAY PARK HOTELS IPO listed @ Rs. 186

February 12, 2024 admin Leave a replyPost Comment

PARK HOTELS IPO GMP, Details, Guidance, Subscription Status, allotment @ Chanakyanipothi.com
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What is the business of APEEJAY SURRENDRA PARK HOTELS?

APEEJAY SURRENDRA PARK HOTELS is the 8th largest hotel chain amongst hotel chains with asset ownership in India. It operates hospitality assets under the own brands, “THE PARK”, “THE PARK Collection”, “Zone by The Park”, “Zone Connect by The Park” and “Stop by Zone”. It has a long-standing expertise of over five decades in the hospitality business of owning and operating hotels, with its first hotel being launched under its brand “THE PARK” at the iconic Park Street in Kolkata. It has established presence in the retail food and beverage industry through our retail brand ‘Flurys’. It has pioneered the concept of luxury boutique hotels in India under our brand, “THE PARK”, extending it further through and “THE PARK Collection”, and in upper midscale categories with its brands “Zone by The Park” and “Zone Connect by The Park”.

Its hotel portfolio has a PAN-India presence, and it continues to attract its customers with its diversified
portfolio. It categorizes its hotel portfolio into two distinct hotels categories based on brand classification –upscale, and upper mid-scale.

The company operates 27 hotels across luxury boutique. upscale, and upper midscale categories, with pan-India presence in metros such as Kolkata, New Delhi, Chennai, Hyderabad, Bangalore, and Mumbai as well as in other major cities such as Coimbatore, Indore, Goa, Jaipur, Jodhpur, Jammu,
Navi Mumbai, Visakhapatnam, Port Blair, Pathankot representing 2,111 rooms. 

Its food and beverage outlets and entertainment offerings within its hotels provide a diversified experience for its customers. As of March 31, 2023, it operates 80 restaurants, night clubs and bars, offering a wide selection of culinary experiences. The night club and entertainment division contribute to its brand positioning and allows cross-selling opportunities. It has created award-winning brands such as Zen, Someplace Else, Tantra, Roxy, iBar, The Leather Bar, Pasha and Aqua.

Sale of food, and beverage, together with sale of wine, and liquor contributed Rs. 2,280.26 million, Rs. 1,126.50 million, and Rs. 797.90 million, comprising 43.48%, 42.06% and 41.93% of its total income, for the years ended March 31, 2023, 2022 and 2021, respectively. 

It also operates a premium retail chain in the food and beverage business under the brand ‘Flurys’, which possesses a successful and profitable track record of Industry leading EBITDA margins. In Fiscal 2022, among the identified players, Flury’s had the highest EBITDA margin of 24.75 %. ‘Flurys’ operates 70 outlets pan India under multiple formats such as restaurants, cafés, and kiosks.

For more information, click www.theparkhotels.com

APEEJAY SURRENDRA PARK HOTELS IPO GMP, Particulars & Guidance

APEEJAY SURRENDRA PARK HOTELS IPO Guidance
This is the much-awaited IPO. Once the price band is finalized, we will provide our guidance.

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PARK HOTELS IPO GMP

APEEJAY SURRENDRA IPO GMP today details

APEEJAY SURRENDRA PARK HOTELS IPO GMP today, Details, Guidance, Subscription Status, allotment