About Company’s Business:
The company holds the eighth position among hotel chains with asset ownership in India, based on the inventory of chain-affiliated hotel rooms as of September 30, 2023, according to the Horwath HTL Report. The company manages hospitality assets under various brand names, including “THE PARK,” “THE PARK Collection,” “Zone by The Park,” “Zone Connect by The Park,” and “Stop by Zone.” With over 55 years of experience in owning and operating hotels, the company currently operates 30 hotels, consisting of 7 owned, 3 leased, and 20 managed hotels. These hotels span across luxury boutique upscale brands and the upper midscale category. Additionally, the company has made its mark in the retail food and beverage industry through the retail brand 'Flurys.
About the Industry:
India’s hospitality sector caters to domestic and international tourists, offering hotels, restaurants, bars, and banquet facilities. The industry is segmented into Luxury & Upper Upscale, Upscale, Upper Midscale, Midscale, and Economy, each defined by positioning and room rates. Projected growth indicates a CAGR of 8.6% from September 2023 to FY 27, with significant contributions from different segments. The food services business includes both organized and unorganized players, presenting growth opportunities in various channels, as highlighted in reports by Horwath HTL and CRISIL.
Key Financial Information (₹ in lakhs):
| Particulars | As at and for the six months ended September 30, 2023 | As at and for the six months ended September 30, 2022 | As at and for the year ended March 31, 2023 | As at and for the year ended March 31, 2022 | As at and for the year ended March 31, 2021 |
|---|---|---|---|---|---|
| Equity share capital | 174.66 | 174.66 | 174.66 | 174.66 | 174.66 |
| Net worth at the end of the period/year | 5,787.08 | 5,269.06 | 5,556.82 | 5,085.13 | 5,362.76 |
| Total Income | 2,723.12 | 2,384.50 | 5,244.30 | 2,678.30 | 1,902.90 |
| Restated profit/(loss) for the period/year | 229.50 | 185.11 | 480.62 | (282.02) | (758.84) |
| Basic EPS | 1.31* | 1.06* | 2.75 | (1.61) | (4.34) |
| Diluted EPS | 1.31* | 1.06* | 2.75 | (1.61) | (4.34) |
| Net asset value per Equity Share | 33.13 | 30.17 | 31.81 | 29.11 | 30.70 |
| Current Liabilities - Borrowings (A) | 1,159.95 | 1,337.40 | 658.60 | 1,446.69 | 1,238.00 |
| Non-current Liabilities - Borrowings (B) | 4,810.95 | 4,729.80 | 5,010.20 | 4,780.10 | 4,696.40 |
| Total borrowings (C = A+B) | 5,970.90 | 6,067.20 | 5,668.80 | 6,226.79 | 5,934.40 |
Objective of the Issue:
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Repayment/ prepayment, in full or in part of certain outstanding borrowings availed by our Company
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General corporate purposes.
For more detailed information, you can refer to the IPO Prospectus (RHP) filed by the company.
| Important information regarding the IPO | |
|---|---|
| Open Date | Monday, February 5, 2024 |
| Close Date | Wednesday, February 7, 2024 |
| Issue Size | ₹920.00 Crores |
| Price | ₹147 to ₹155 per share |
| Lot Size | 96 Shares |
| Basis of Allotment | Thursday, February 8, 2024 |
| Initiation of Refunds | Friday, February 9, 2024 |
| Credit of Shares to Demat | Friday, February 9, 2024 |
| Listing Date | Monday, February 12, 2024 |
How to apply for this IPO?
You can locate the redirection link to the IPO on the home screen of the Dhan App. Alternatively, you can access it by navigating to the “Money” Section at the bottom right and swiping right to reach the “IPO” Tab.
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