Apeejay Surrendra Park Hotels IPO.
Unlisted shares of Apeejay Surrendra Park are buying and selling Rs 34 larger within the gray market, which is a 21.94 per cent itemizing acquire from the general public situation
Apeejay Surrendra Park IPO: The preliminary public providing of Apeejay Surrendra Park Hotels, which runs ‘The Park’ accommodations, goes to be closed on Wednesday, February 7. Till 10:21 am on the ultimate day of bidding on Wednesday, the IPO obtained 7.41 occasions subscription, garnering bids for twenty-four,43,52,160 shares as towards 3,29,65,998 shares on supply.
The Rs 920-crore IPO was opened for public subscription on February 5.
The retail class has up to now obtained 15.74 occasions subscription and the non-institutional investor (NII) class quota obtained 14.38 occasions subscription. The certified institutional purchaser (QIB) class obtained 1.34 occasions subscription.
The allotment of Apeejay Surrendra Park Hotels IPO will happen on February 8, whereas its itemizing will happen on the NSE SME on February 12, 2024.
Apeejay Surrendra Park Hotels IPO GMP Today
According to market observers, unlisted shares of Apeejay Surrendra Park Hotels are buying and selling Rs 34 larger within the gray market as in contrast with its higher situation value of Rs 155. The Rs 34 gray market premium or GMP means the gray market is anticipating a 21.94 per cent itemizing acquire from the general public situation. The GMP is predicated on market sentiments and retains altering.
‘Grey market premium’ signifies traders’ readiness to pay greater than the difficulty value.
Apeejay Surrendra Park Hotels IPO Details
The Apeejay Surrendra Park Hotels IPO is a mix of a contemporary situation of Rs 600 crore and a suggestion on the market of Rs 320 crore.
The value band of the Apeejay Surrendra Park Hotels IPO was fastened at Rs 147 to Rs 155 per share. The minimal lot measurement for an utility is 96 shares. The minimal quantity of funding required by retail traders is Rs 14,880. The minimal lot measurement funding for small NII is 14 heaps (1,344 shares), amounting to Rs 2,08,320, and for large NII, it’s 68 heaps (6,528 shares), amounting to Rs 1,011,840.
The situation features a reservation of as much as 675,675 shares for workers supplied at a reduction of Rs 7 to the difficulty value.
JM Financial Limited, ICICI Securities Limited and Axis Capital Limited are the guide-operating lead managers of the Apeejay Surrendra Park IPO, whereas Link Intime India Private Ltd is the registrar for the difficulty.
