Apeejay Surrendra Park Hotels Ltd

(PARKHOTELS)

Apeejay Surrendra Park Hotels Limited was formerly incorporated on November 27 1987 as Budget Hotels Limited issued by the Registrar of Companies Bangalore at Karnataka. Subsequently pursuant to an Acquisition Agreement dated May 5 1999 entered into between Apeejay Hotels Delhi and the Erstwhile Shareholders of the Company entire Issued and Paid Up Equity Share Capital of the Company of the Company constituting 571940 Equity Shares of Face Value of Rs. 100 each was acquired by Apeejay Hotels Delhi and Company became wholly owned subsidiary of Apeejay Hotels Delhi. Subsequently Apeejay Hotels Delhi and Gemini Hotels and Holdings Limited a wholly owned subsidiary of Apeejay Hotels Delhi were amalgamated with Company with Appointed Date April 1 2001. And thereafter name of the Company was changed from Budget Hotels Limited to Apeejay Surrendra Park Hotels Limited on March 29 2004 vide Certificate of Incorporation issued by the RoC.The Company is a part of the Apeejay Surrendra Group which is a leading Indian conglomerate. The Groups business is spread across industries such as hospitality shipping tea real estate retail brands such as Oxford bookstores and education. The Company own and manage hotels with its first hotel launched under brand THE PARK at the iconic Park Street in Kolkata. It operate hotels under 3 brands THE PARK THE PARK Collection and Zone by The Park. At present it operate 38 outlets in Kolkata and 1 outlet each in Navi Mumbai and New Delhi.The Company has a panIndia presence in metros such as Bangalore Chennai Hyderabad Kolkata Mumbai Delhi NCR as well as in other major cities such as Coimbatore Goa Jaipur Jodhpur Jammu Navi Mumbai Raipur and Visakhapatnam. It operate a retail food and beverage business segment under the brand Flurys which possesses a distinctive track record since it was first established as a tea room and confectionery shop in Kolkata. Pursuant to the Scheme of Amalgamation of Apeejay Hotels Delhi the then Holding Company and Gemini Hotels a whollyownedSubsidiary of Apeejay Hotels Delhi with Company the entire shareholding of Company held by Apeejay Hotels Delhi was cancelled from the effective date of the Scheme November 28 2003. Pursuant to the Scheme of Amalgamation sanctioned by the High Court of Bombay High Court of Andhra Pradesh and High Court of Karnataka Skylight Hotels Private Limited Skylight Properties Private limited Rooshna Hotel Private Limited Rooshna Estates Private Limited Oak Park Hotels Private Limited Orchard Park Hotels Private Limited Chelsea Hotels Private Limited Lake Park Hotels Private Limited Innsignia Hotels Private Limited Lake Plaza Hotel Private Limited Vizag Sea Park Hotel Private Limited and New Bombay Park Hotel Private Limited Transferor Companies which were wholly owned subsidiaries of Company were amalgamated to Company and as a result the Scheme became operational from Appointed Date i.e. April 1 2008 on a going concern basis which was effective on June 4 2010 through which the Amalgamation Orders were filed with the respective Registrar of Companies by the Company and the Transferor Companies. Since the Transferor Companies were wholly owned subsidiaries of Company the entire share capital of the Transferor Companies were beneficially held by Company no consideration was paid no shares of Company were issued and allotted by way of consideration for transfer and vesting of Transferor Companies in the Company and were dissolved without winding up.In 2019 owing to the Business Transfer Agreement executed between Flurys Swiss Confectionery and the Company the confectionery business of Flurys Swiss Confectionery was transferred to the Company on a going concern basis which became effective from October 1 2019. The Company is planning to come out with an Initial Public Offering aggregating upto Rs. 1000 crore Equity Shares comprising Rs 400 crore through fresh issue and Rs 600 crore through Offer for sale..

Share Price: ₹151.49 per share as on 22 Oct, 2024 04:01 PM
Market Capitalisation: ₹3,317.97Cr as of today
Revenue: ₹135.07Cr as on June 2024 (Q2 24)
Net Profit: ₹-1.90Cr as on June 2024 (Q2 24)
Listing date: 12 Feb, 2024
Chairperson Name: Priya Paul