Shares of Park Hotels are trading at a premium of 21 per cent over the IPO price on BSE debut

Shares of Apeejay Surrendra Park Hotels, which operates hotels under the brand 'The Park', were listed on the stock exchanges on Monday at a premium of nearly 21 percent over the issue price ₹155.

Apeejay Surrendra Park Hotels stocks are listed below ₹187, 20.65 percent more than the issue price, on the BSE(Bloomberg) {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}}

The stock is listed below ₹187, 20.65 percent higher than the issue price, on the BSE.

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The stock made its debut on the NSE ₹186 with a premium of 20 percent.

In the morning session, the 30-stock benchmark index BSE Sensex fell 214.60 or 0.30 percent to 71,380.89 points, while NSE Nifty fell 0.45 percent to 21,683.85 points.

The initial public offering (IPO) of Apeejay Surrendra Park Hotels was subscribed 59.66 times on the last bidding day, February 7, with strong participation from qualified institutional buyers.

The ₹The 920 Crore IPO had a price range of ₹147-155 per share.

The IPO had a new issue of up to ₹600 crore and a sale offer of up to ₹320 crore.

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The Company operates hotel properties under its brands The Park, The Park Collection, Zone by The Park, Zone Connect by The Park and Stop by Zone.

The company has also established a presence in food and beverage retail through its Flurys brand.

The Company has 81 restaurants, nightclubs and bars as of September 30, 2023.

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