Apeejay Surrendra Park IPO Day 2: Check Subscription Status, GMP Today.
Unlisted shares of Apeejay Surrendra Park are buying and selling Rs 33 greater within the gray market, which is a 21.29 per cent itemizing acquire from the general public subject
Apeejay Surrendra Park IPO: The preliminary public providing of Apeejay Surrendra Park IPO, which runs ‘The Park’ motels, is open for public subscription and might be closed on February 7. Till 11:19 am on the second day of bidding on Tuesday, the IPO acquired 3.60 instances subscription, garnering bids for 11,86,33,920 shares as in opposition to 3,29,65,998 shares on provide.
The Rs 920-crore IPO was opened for public subscription on February 5, and can stay accessible until February 7.
The retail class has to this point acquired 8.76 instances subscription and the non-institutional investor (NII) class quota acquired 5.06 instances subscription. The certified institutional purchaser (QIB) class acquired 1.24 instances subscription.
The allotment of Apeejay Surrendra Park IPO will happen on February 8, whereas its itemizing will happen on the NSE SME on February 12, 2024.
Apeejay Surrendra Park IPO GMP Today
According to market observers, unlisted shares of Apeejay Surrendra Park are buying and selling Rs 33 greater within the gray market as in contrast with its higher subject value of Rs 155. The Rs 33 gray market premium or GMP means the gray market is anticipating a 21.29 per cent itemizing acquire from the general public subject. The GMP relies on market sentiments and retains altering.
‘Grey market premium’ signifies traders’ readiness to pay greater than the difficulty value.
Apeejay Surrendra Park IPO Details
The Apeejay Surrendra Park IPO is a mixture of a recent subject of Rs 600 crore and a proposal on the market of Rs 320 crore.
The value band of the Apeejay Surrendra Park IPO was mounted at Rs 147 to Rs 155 per share. The minimal lot dimension for an utility is 96 shares. The minimal quantity of funding required by retail traders is Rs 14,880. The minimal lot dimension funding for small NII is 14 tons (1,344 shares), amounting to Rs 2,08,320, and for giant NII, it’s 68 tons (6,528 shares), amounting to Rs 1,011,840.
The subject features a reservation of as much as 675,675 shares for workers provided at a reduction of Rs 7 to the difficulty value.
JM Financial Limited, ICICI Securities Limited and Axis Capital Limited are the e book-operating lead managers of the Apeejay Surrendra Park IPO, whereas Link Intime India Private Ltd is the registrar for the difficulty.
