Initial public offering of up to [*] equity shares of face value of Re. 1 each (Equity Shares) of Apeejay Surrendra Park Hotels Limited (The Company or the Issuer) for cash at a price of Rs. [*] per equity share (including a share premium of Rs. [*] per equity share) aggregating up to Rs. 1050.00 crores (the Offer), comprising a fresh issue of up to [*] equity shares aggregating up to Rs. 650.00 crores by the company (the Fresh Issue) and an offer for sale of up to [*] equity shares aggregating up to Rs.400.00 crores, comprising up to [*] equity shares aggregating up to Rs. 80.00 crores by Apeejay Surrendra Trust(the Promoter Selling Shareholder), up to [*] equity shares aggregating up to Rs. 296.00 crores by Apeejay Private Limited (the Promoter Group Selling Shareholder), up to [*] equity shares aggregating up to Rs. 23.00 crores by Recp IV Park Hotel Investors Ltd and up to [*] equity shares aggregating up to Rs. 1.00 crores by Recp IV Park Hotel Co-investors Ltd (together referred to as the Investor Selling Shareholders and together with the promoter selling shareholders and promoter group selling shareholder, referred to as the Selling Shareholders and such equity shares offered by the selling shareholders, the Offered Shares) (Offer for Sale).The offer includes a reservation of up to [*] equity shares, aggregating up to Rs. [*] crores (constituting up to [*]% of the post offer paid-up equity share capital of the company for subscription by eligible employees (the Employee Reservation Portion). The offer less the employee reservation portion is hereinafter referred to as the Net Offer. The offer and the net offer shall constitute [*]% and [*]%, respectively, of the post-offer paid-up equity share capital of the company. The company, in consultation with the selling shareholders and book running lead managers (brlms), offer a discount of up to [*]%(equivalent to Rs. [*] per equity share) of the offer price to eligible employees bidding in the employee reservation portion (Employee Discount).The company, in consultation with the book running lead managers, may consider issue of specified securities as may be permitted under the applicable law, aggregating up to Rs. 130.00 crores, with the roc (the pre-ipo placement). The pre-ipo placement, if undertaken, will be at a price to be determined by the company, in consultation with the book running lead managers. If the pre-ipo placement is completed, the amount raised pursuant to the pre-ipo placement will be reduced from the fresh issue, subject to compliance with rule 19(2)(b) of the securities contracts (regulation) rules, 1957, as amended (the scrr). The pre-ipo placement shall not exceed 20% of the size of the fresh issue.The face value of the equity share is Re. 1. The offer price is [*] times the face value of the equity shares. The offer price, price band, employee discount (if any) and the minimum bid lot will be decided by the company.