Apeejay Surrendra Park IPO opens for subscription on February 5. The IPO price band is set at Rs 147 to Rs 155 per share.
Apeejay Surrendra Park IPO: Apeejay Surrendra Park Hotels IPO is to open on February 5 and closes on February 7, 2024. Apeejay Surrendra Park Hotels is the 8th largest hotel chain amongst hotel chains with asset ownership in India (Source: Horwath HTL Report). They operate hospitality assets under their brands, “THE PARK”, “THE PARK Collection”, “Zone by The Park”, “Zone Connect by The Park” and “Stop by Zone”. The IPO price band is fixed at Rs 147 to Rs 155 Per Equity Share.
Apeejay Surrendra Park IPO Details:
Apeejay Surrendra Park IPO Price
the IPO price band is set at Rs 147 to Rs 155 per share.
Apeejay Surrendra Park IPO Date
The IPO opens on February 5, 2024, and closes on February 7, 2024.
Apeejay Surrendra Park IPO Size
The IPO is a book built issue of Rs 920.00 crores. The issue is a combination of Rs 600.00 crores fresh issue and offer for Rs 320.00 crores.
Apeejay Surrendra Park IPO Lot Size
Apeejay Surrendra Park IPO minimum lot size for an application is 96 Shares. The minimum amount of investment required by retail investors is Rs 14,880. The minimum lot size investment for sNII is 14 lots (1,344 shares), amounting to Rs 208,320, and for bNII, it is 68 lots (6,528 shares), amounting to Rs 1,011,840.
Apeejay Surrendra Park IPO GMP
The IPO has last GMP is Rs 45, last updated Feb 5th 2024 03:57 PM. With the price band of 155.00.
Apeejay Surrendra Park IPO Subscription Status
The Apeejay Surrendra Park IPO is subscribed 2.27 times on February 5, 2024 (Day 1). The public issue subscribed 5.32 times in the retail category, 1.22 times in the QIB category, and 2.48 times in the NII category.
Apeejay Surrendra Park IPO Allotment Status
The IPO is expected to be finalized on Thursday, February 8, 2024, and IPO will list on BSE, NSE with tentative listing date fixed as Monday, February 12, 2024.
Apeejay Surrendra Park IPO Listing Date
The public issue is expected to be listed on 12 February 2024, and IPO is being listed on BSE and NSE.
Apeejay Surrendra Park IPO Promoter Holding
The promoters of the Company are Karan Paul, Priya Paul, Apeejay Surrendra Trust and Great Eastern Stores Private Limited.
- Share Holding Pre Issue: 94.18%
- Share Holding Post Issue: 68.13%
Apeejay Surrendra Park IPO Buy or Not
- Brokers: Subscribe 1, Neutral 1
- Members: Subscribe 3
Apeejay Surrendra Park IPO Review
(Dilip Davda) A niche player and leader of the segment on highest occupancy count, this IPO is sure to attract fancy post listing. A larger chunk of primary issue will be used to cut its debts and resultant boosted bottom line with lower finance cost. With its expansion plans afoot, it is poised for bright prospects. Investors may park funds for the medium to long term rewards.
• Disclaimer: The above article is meant for informational purposes only, any investment stock market & mutual fund please advice financial expert.
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