1. Apeejay Surrendra Park Hotels makes strong debut

Apeejay Surrendra Park Hotels makes strong debut

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1 min read • Updated: February 12, 2024, 2:23 PM

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Summary

The initial public offering of Apeejay Surrendra Park Hotel saw strong traction from investors, with overall subscription of 59.66 times.

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Shares of Apeejay Surrendra Park lists at 20% premium
  • PARKHOTELS--

The stock of Apeejay Surrendra Park Hotels was listed at a 20% premium over the issue price on 12 February. The shares opened at ₹186 on the NSE and the BSE against an issue price of ₹155.

The initial public offering of Apeejay Surrendra Park Hotel saw strong traction from investors, with overall subscription of 59.66 times. The quota for Qualified Institutional Buyers (QIBs) garnered 75.14 times subscription while the portion for non-institutional investors was booked 52.41 times. The category for retail individual investors (RIIs) received 30.35 times the subscription.

The company raised ₹920 crore through this IPO.

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