Apeejay Surrendra Park Hotels IPO Opens on 6th February 2024

🏨 Apeejay Surrendra Park Hotels IPO: A Great Opportunity for Retail Investors 📈

The IPO of Apeejay Surrendra Park Hotels Limited opened on February 5th, 2024. Retail investors have the opportunity to bid for shares until February 7th. The price range for the IPO has been set at Rs. 147-155 per share.

💰 Funds Raised and Share Allocation:
The IPO is set to raise Rs. 920 crore, with the company issuing Rs. 600 crore worth of new shares. The founders of the company will sell shares worth Rs. 320 crore through the offer-for-sale route. The funds raised through the IPO will be used to repay old loans and for corporate purposes.

📊 Listing and Lot Size:
The shares of Apeejay Surrendra Park Hotels will be listed on the Bombay Stock Exchange and National Stock Exchange on February 12th. For retail investors, the minimum lot size is 96 shares. To apply for one lot at the upper price band of Rs. 155, an investment of Rs. 14,880 will be required. Retail investors can bid for a maximum of 13 lots, which would require an investment of Rs. 1,93,440.

🔒 Retail Investor Shareholding:
Apeejay Surrendra Park Hotels has reserved 75% of the shares for eligible institutional buyers, while 10% of the IPO is reserved for retail investors. The remaining 15% is reserved for non-institutional investors.

🏨 About Apeejay Surrendra Park Hotels:
Established in 1987, Apeejay Surrendra Park Hotels Limited operates a hospitality business with 27 hotels under various brand names like Park, Park Collection, Zone by The Park, Zone Connect by The Park, and Stop by. These hotels are located in cities like Kolkata, New Delhi, Chennai, Hyderabad, and Bangalore. The company also operates in the retail food and beverage business with its retail brand ‘Flurys’. Additionally, they operate restaurants, nightclubs, and bars. The company aims to operate 80 restaurants, nightclubs, and bars by March 31, 2023.

So, don’t miss out on this opportunity to invest in Apeejay Surrendra Park Hotels IPO and become a part of this growing hospitality business! 💼🏨💰

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