Investors can subscribe to the IPO in a lot of 96 fairness shares and multiples thereof.
The flooring worth of Rs 147 displays 53.45 occasions the worth-to-earnings ratio primarily based on diluted EPS (earnings per share) for the fiscal 12 months 2023.
Apeejay Surrendra Park Hotels on Wednesday stated it has set a worth band between Rs 147 and Rs 155 per fairness share for its preliminary public providing (IPO).
The firm, by way of its IPO, goals at elevating Rs 920 crore comprising Rs 600 crore by way of a contemporary share sale and Rs 320 crore by way of a proposal on the market, it stated.
The subject is scheduled to be energetic from February 5 to February 7.
The flooring worth of Rs 147 displays 53.45 occasions the worth-to-earnings ratio primarily based on diluted EPS (earnings per share) for the fiscal 12 months 2023.
While the cap worth of Rs 155 interprets to a ratio of 56.36 occasions.
These ratios examine favourably with the trade common of 73.60, the resort main stated.
Investors can subscribe to the IPO in a lot of 96 fairness shares and multiples thereof.
Apeejay Surrendra Park Hotels, established in 1987, operates beneath famend manufacturers corresponding to ’The Park’. Additionally, the corporate has a presence within the retail meals and beverage sector by way of its model ‘Flurys’.
