Active Stocks
Tue Apr 23 2024 13:47:19
  1. Tata Steel share price
  2. 162.20 0.22%
  1. Bharti Airtel share price
  2. 1,335.15 2.83%
  1. ICICI Bank share price
  2. 1,089.95 0.27%
  1. NTPC share price
  2. 346.50 1.01%
  1. HDFC Bank share price
  2. 1,506.45 -0.39%
Business News/ Markets / Ipo/  Apeejay Surrendra Park Hotels IPO: Issue fully booked on day 1; retail, NII portion sees huge demand. Check GMP
BackBack

Apeejay Surrendra Park Hotels IPO: Issue fully booked on day 1; retail, NII portion sees huge demand. Check GMP

Apeejay Surrendra Park Hotels IPO has opened for subscription today. Apeejay Surrendra Park Hotels IPO price band has been fixed in the range of ₹147 to ₹155 per equity share of the face value of ₹1 each. Apeejay Surrendra Park Hotels IPO GMP at +60, indicates strong listing.

The Apeejay Surrendra Park Hotels IPO has opened for subscription today (Monday, February 5), and will close on Wednesday, February 7. (https://www.theparkhotels.com/)Premium
The Apeejay Surrendra Park Hotels IPO has opened for subscription today (Monday, February 5), and will close on Wednesday, February 7. (https://www.theparkhotels.com/)

Apeejay Surrendra Park Hotels IPO subscription status: The issue has been fully subscribed to by retail and non-institutional investors. Apeejay Surrendra Park Hotels IPO subscription status is 2.53 times.

The retail portion of the Apeejay Surrendra Park Hotels IPO was entirely booked within an hour of taking off. 

On day 1, Apeejay Surrendra Park Hotels IPO's retail investors portion has been subscribed to 5.74 times, Non Institutional Investors (NII) portion is subscribed to 3.24 times, and Qualified Institutional Buyers (QIB) portion is booked 1.17 times. 

Also Read: Apeejay Surrendra Park Hotels IPO: From price band to GMP - here are 10 things to know before subscribing to the issue

The Apeejay Surrendra Park Hotels IPO has opened for subscription today (Monday, February 5), and will close on Wednesday, February 7. Apeejay Surrendra Park Hotels IPO price band has been fixed in the range of 147 to 155 per equity share of the face value of 1 each.

"Exciting news! Mint is now on WhatsApp Channels 🚀 Subscribe today by clicking the link and stay updated with the latest financial insights!" Click here!

Apeejay Surrendra Park Hotels IPO raised 409 crore from anchor investors on Friday, February 2. The Apeejay Surrendra Park Hotels IPO lot size is 96 equity shares and in multiples of 96 equity shares thereafter.

Also Read: Apeejay Surrendra Park Hotels IPO opens today: GMP, review, subscription status, other details. Buy or not?

Apeejay Surrendra Park Hotels IPO has reserved not less than 75% of the shares in the public issue for qualified institutional buyers (QIB), not more than 15% for non-institutional Institutional Investors (NII), and not more than 10% of the offer is reserved for retail investors.

Tentatively, Apeejay Surrendra Park Hotels IPO basis of allotment of shares will be finalised on Thursday, February 8, and the company will initiate refunds on Friday, February 9, while the shares will be credited to the demat account of allottees on the same day following refund. Apeejay Surrendra Park Hotels share price is likely to be listed on BSE and NSE on Monday, February 12.

 

Apeejay Surrendra Park Hotels IPO details.
View Full Image
Apeejay Surrendra Park Hotels IPO details.

Apeejay Surrendra Park Hotels IPO Subscription Status

Apeejay Surrendra Park Hotels IPO has received bids for 8,78,61,600 shares against 3,47,61,903 shares on offer, according to data from the BSE.

Apeejay Surrendra Park Hotels IPO retail investors' portion received bids for 3,55,23,456 shares against 61,90,476 shares on offer for this segment.

Apeejay Surrendra Park Hotels IPO's non-institutional investors' portion received bids for 3,01,05,600 shares against 92,85,714 on offer for this segment.

Apeejay Surrendra Park Hotels IPO's QIBs portion have received 2,16,92,256 bids against 1,85,71,428 shares on offer for this segment.

Also Read: Apeejay Surrendra Park Hotels IPO: Price band set at 147-155 per share; details here

Apeejay Surrendra Park Hotels IPO details

Apeejay Surrendra Park IPO, which is worth 920 crore, consists of fresh issue of equity shares aggregating up to 600 crore and offer-for-sale (OFS) aggregating up to 320 crore.

The company plans to use the net proceeds to fund general corporate operations as well as the return or prepayment, in full or in part, of any outstanding borrowings that the company has taken out.

Apeejay Private Ltd, promoter group selling shareholder, would be offloading shares worth 296 crore, RECP IV Park Hotel Investors Ltd will be selling shares worth 23 crore, and RECP IV Park Hotel Co-Investors Lts will be offloading shares worth 1 crore.

The registrar for the Apeejay Surrendra Park IPO is Link Intime India Private Ltd, and the book running lead managers are JM Financial Limited, ICICI Securities Limited, and Axis Capital Limited.

Apeejay Surrendra Park IPO GMP today

Apeejay Surrendra Park IPO GMP, or grey market premium, is +60, similar to the previous session. So far, the GMP has been rising. This indicates Apeejay Surrendra Park share price were trading at a premium of 60 in the grey market, according to investorgain.com.

Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Apeejay Surrendra Park share price was indicated at 215 apiece, which is 38.71% higher than the IPO price of 155.

Based on the last ten sessions of grey market activity, today IPO GMP points upward and expects a strong listing, as per analysts at investorgain.com. The lowest GMP is 0, while the highest GMP is 70.

'Grey market premium' indicates investors' readiness to pay more than the issue price.

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 decision.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

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.
More Less
Published: 05 Feb 2024, 11:31 AM IST
Next Story footLogo
Recommended For You
GENIE RECOMMENDS

Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!

Let’s get started
Switch to the Mint app for fast and personalized news - Get App