IPO Alert - Apeejay Surrendra Park Hotels Limited
Apeejay Surrendra Park IPO
The initial public offering (IPO) of Apeejay Surrendra Park Hotels Limited hits the Indian primary market today. The price band of IPO is kept at ₹147 to ₹155 per equity share. The IPO will remain open till 7th February 2024.
On Day 1, 05th February, Apeejay Surrendra Park IPO subscribed 2.69 times. The public issue subscribed 6.16 times in the retail category, 1.23 times in QIB, and 3.44 times in the NII category.
About the Company: The company currently operates 27 hotels, which are spread across various cities in India including Kolkata, New Delhi, Chennai, Hyderabad, Bangalore, Mumbai, Coimbatore, Indore, Goa, Jaipur, Jodhpur, Jammu, Navi Mumbai, Visakhapatnam, Port Blair, and Pathankot, offering a total of 2,111 rooms as of August 2023. The hotels provide services into different categories such as luxury boutique, upscale, and upper midscale. Brand names owned by company: Zen, Lotus, Aish, Saffron, Fire, Italia, 601, The Bridge, The Street, Verandah, Vista, Bamboo Bay, Monsoon, Mist, Love and Bazaar.
Current GMP: 30+ (Went down by end of day 1)
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