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Business News/ Markets / Ipo/  Apeejay Surrendra Park Hotels IPO listing date out. GMP signals strong debut of shares
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Apeejay Surrendra Park Hotels IPO listing date out. GMP signals strong debut of shares

Apeejay Surrendra Park Hotels IPO GMP signals that Apeejay Surrendra Park Hotels IPO listing price would be around ₹193 apiece level, say market observers

Apeejay Surrendra Park Hotels IPO listing date has been fixed on 12th February 2024 i.e. on Monday next week. (https://www.theparkhotels.com/)Premium
Apeejay Surrendra Park Hotels IPO listing date has been fixed on 12th February 2024 i.e. on Monday next week. (https://www.theparkhotels.com/)

Apeejay Surrendra Park Hotels IPO: The listing date of the initial public offering (IPO) of Apeejay Surrendra Park Hotels Limited has been fixed on 12th February 2024 i.e. on Monday next week. As per the information available on the official website of BSE, Apeejay Surrendra Park Hotels share price will be listed on BSE and NSE in a special pre-open session on 12th February 2024.

"Trading Members of the Exchange are hereby informed that effective from Monday, February 12, 2024, the equity shares of Apeejay Surrendra Park Hotels Limited shall be listed and admitted to dealings on the Exchange in the list of 'B' Group of Securities," BSE notice says.

Also Read: IRFC share price: Will bull run continue in multibagger stock after Q3 results?

Meanwhile, after the announcement of Apeejay Surrendra Park Hotels IPO listing date, the grey market has gone slightly bullish on the public issue of the hospitality company.

According to stock market observers, Apeejay Surrendra Park Hotels shares are available at a premium of 38 in the grey market today.

Infographic: Courtesy mintgenie
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Infographic: Courtesy mintgenie

Apeejay Surrendra Park Hotels IPO GMP today

Market observers said that Apeejay Surrendra Park Hotels IPO grey market premium (GMP) today is 38, which is 3 higher than its grey market premium on the last date of Apeejay Surrendra Park Hotels IPO date. They said that Apeejay Surrendra Park Hotels IPO allotment status has been declared and on Friday, Apeejay Surrendra Park Hotels IPO GMP climbed to the peak of 45 also. They said that the rise in grey market sentiment can be attributed to the trend reversal on Dalal Street and the strong response given by the investors to the public issue.

Also Read: Buy or sell: Sumeet Bagadia recommends three stocks to buy on Monday — 12th Feb

Apeejay Surrendra Park Hotels IPO listing price

Stock market observers went on to add that Apeejay Surrendra Park Hotels IPO GMP today is 38, which means the grey market is expecting that Apeejay Surrendra Park Hotels IPO listing price would be around 193 ( 155 + 38), which is around 25 percent higher from the Apeejay Surrendra Park Hotels IPO price band of 147 to 155 per equity share.

However, stock market observers maintained that GMP is not an ideal indicator of any IPO listing price or listing premium. They said that the grey market is completely speculative and has nothing to do with the financials of the company. They advised allottees to stick with the basics and scan the balance sheet of the company as it would give a concrete picture of the company's financials.

Disclaimer: The views and recommendations above are those of individual analysts, experts, and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decisions.

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ABOUT THE AUTHOR
Asit Manohar
Chief Content Producer at Live Mint Digital Team
Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
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Published: 10 Feb 2024, 01:50 PM IST
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