Apeejay Surrendra Park Hotels IPO: From price range to GMP, here are 10 things you should know before subscribing

The initial public offering (IPO) of Apeejay Surrendra Park Hotels will take place in the primary market next week. The Motherboard Edition opens for subscription on February 5, 2024 and ends on February 7, 2024.

The goal of the catering company is to increase revenue ₹920 crore from the bookbuild offer.

Also Read: Apeejay Surrendra Park Hotels IPO: GMP, Price, More Details About Upcoming IPO

Before the public edition opened, the book edition was created ₹99,49,99,870 or approximately ₹99.50 crore through anchor investors. The board of the hotel company has allotted 2,64,19,354 shares to anchor investors ₹155 each.

The anchor offer date for Apeejay Surrendra Park's IPO is February 2, 2024. Around 75 percent of the issue is reserved for QIB, 10 percent for retail investors and 15 percent for NII investors.

Also read: IPOs next week: Four motherboards, an SME audience to watch ₹2,700 crore; full list here

Here are 10 things you should know about this issue:

1. Apeejay Surrendra Park Hotels IPO Date: The auction for the issue begins on February 5, 2024 and ends on February 7, 2024.
2. Apeejay Surrendra Park Hotels IPO Price Range: The IPO price was set at ₹147 to ₹155 per share.
3. Apeejay Surrendra Park Hotels IPO Offer: The hotel company's IPO is a book edition of ₹920 crores. The edition is a combination of new edition of ₹600 crores and offer for sale of ₹320 crores.
4. Property Size of Apeejay Surrendra Park Hotels IPO: A bidder can apply in lots and one lot of the book build issue will comprise 96 shares of the company.
5. Promoters of Apeejay Surrendra Park Hotels IPO: The promoters of the company are Karan Paul, Priya Paul, Apeejay Surrendra Trust and Great Eastern Stores Private Limited.
6. Apeejay Surrendra Park Hotels IPO Registrar and Book Manager: Jm Financial Limited, ICICI Securities Limited and Axis Capital Limited are the underwriters of Apeejay Surrendra Park's IPO while Link Intime India Private Ltd is the registrar for the issue.
7. Apeejay Surrendra Park Hotels IPO Allotment Date: Under the T+3 listing rules, share allocation will most likely take place on February 8, 2024, i.e. on Thursday next week.
8. Apeejay Surrendra Park Hotels Listing Date: Apeejay Surrendra Park's IPO will be listed on the BSE and NSE. The provisional listing date is Monday, February 12, 2024.
9. Objective of Apeejay Surrendra Park Hotels IPO: The Company intends to use the net proceeds to repay/prepay, in full or in part, certain of the Company's outstanding borrowings and general corporate expenses.
10. Apeejay Surrendra Park Hotels IPO GMP: According to stock market observers, shares of Apeejay Surrendra Park Hotels Limited are available at a premium of ₹65 on the gray market today, market watchers say.

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