Apeejay Surrendra Park Hotels Listing Date Today. Experts predict a stock market increase of up to 25% for shareholders

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

“Trading participants of the Exchange are hereby informed that the shares of Apeejay Surrendra Park Hotels Limited will be listed and admitted to trading in the list of 'B' securities group on the Exchange from Monday, February 12, 2024,” it said the BSE notification.

According to stock market experts, the listing of Apeejay Surrendra Park Hotels could come at a high premium. Experts also said the timing of Apeejay Surrendra Park Hotels' IPO was commendable as the hotel industry is expecting a boom in the medium to long term due to robust demand in the industry. They said lucky allottees could expect a listing profit of up to 25 per cent from the book-build issue.

Infographic: Courtesy of mintgenie

Regarding the range in which Apeejay Surrendra Park Hotels' stock price could open during a special pre-open session, experts said that Apeejay Surrendra Park Hotels' IPO could fall into the list ₹185 tons ₹205 per share.

Expecting a strong debut for shares of Apeejay Surrendra Park Hotels, Dhruv Mudaraadi, Research Analyst at StoxBox said, “The IPO of Apeejay Surrendra Park Hotels Ltd. recorded a strong 63-fold oversubscription and we expect the stock to trade at a premium of around 25 percent to the issue.” Price of ₹155 per share. The strong participation is due to the timing of Park Hotels’ IPO, strategically positioning the company to benefit from the remarkable resurgence of the hotel sector and a post-pandemic economic recovery.”

Commenting on the listing of Apeejay Surrendra Park Hotels, Avinash Gorakshkar, Head of Research at Profitmart Securities, said, “The IPO of Apeejay Surrendra Park Hotels was offered at reasonable valuations, resulting in a strong response from primary market investors. I expect a strong reaction from secondary market investors.” Market investors are also posting the listing. Therefore, the stock is expected to remain in demand due to a resurgence in the hotel industry. Since Apeejay Surrendra Park Hotels Limited is an established brand in the hotel industry and needs no introduction, trading volumes are expected to remain on the higher side, signifying a strong stock debut.

When asked about the IPO price of Apeejay Surrendra Park Hotels that allottees can expect, Avinash Gorakshkar said, “Public issue could happen.” ₹185 tons ₹205 per share share range.”

According to market watchers, shares of Apeejay Surrendra Park Hotels Ltd are available at a premium of ₹38 on the gray market today. This means Apeejay Surrendra Park Hotels IPO today is GMP (Gray Market Premium). ₹35. So the gray market believes that Apeejay Surrendra Park Hotels IPO will be priced at around 50% ₹193 ( ₹155+ ₹38), which is around 25 percent above the IPO price range of Apeejay Surrendra Park Hotels ₹147 to ₹155 per share.

Disclaimer: The above views and recommendations are those of individual analysts, experts and brokerage firms, not Mint. We recommend investors consult certified experts before making an investment decision.

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