Apeejay Surrendra Park Listing Highlights: Shares list at over 20% premium on BSE - Buy, Sell or Hold? Check Anil Singhvis view
Apeejay Surrendra Park IPO Listing Highlights, The Park Hotel Share Price NSE, BSE: Zee Business Managing Editor Anil Singhvi advised investors to subscribe to it for small listing gains.
Apeejay Surrendra Park IPO Listing Highlights, The Park Hotel Share Price NSE, BSE: Shares of Apeejay Surrendra Park Hotels made a decent debut on the bourses as they got listed at Rs 187 on the BSE, a premium of 20.65 22 per cent to the issue price of Rs 155.
On the National Stock Exchange (NSE), the share was listed at Rs 186, up 20 per cent.
The initial public offering (IPO) got a good response from investors and was subscribed 59.66 times on the final day of bidding on Wednesday.
Earlier, Zee Business Managing Editor Anil Singhvi advised investors to subscribe to it for small listing gains. Singhvi said that it has strong management and a diversified business model for revenue.
Follow Zee Business Blog for all the highlights on Park Hotel Shares Listing on NSE, BSE:
Latest Updates
Apeejay Surrendra Park IPO Listing LIVE Updates, The Park Hotel Listing Share Price NSE, BSE: What does the company do?
The company operates hospitality assets under its brands -- The Park, The Park Collection, Zone by The Park, Zone Connect by The Park, and Stop by Zone. It has also established a presence in the retail food and beverage industry through its retail brand 'Flurys'. Further, it operates 81 restaurants, nightclubs and bars as of September 30, 2023.
Apeejay Surrendra Park IPO Listing LIVE Updates, The Park Hotel Listing Share Price NSE, BSE: Buy, Sell or Hold? Check Anil Singhvi's view
Zee Business Managing Editor Anil Singhvi said that investors should hold the shares with stoploss of Rs 155.
"It is a good company from a long-term perspective and the response is good. Most of the things about the company are positive, so you can hold shares for along term," Singhvi said.
Apeejay Surrendra Park IPO Listing LIVE Updates, The Park Hotel Listing Share Price NSE, BSE: Shares settle at Rs 187 on BSE
In the pre-opening session, Apeejay Surrendra Park shares settled at Rs 187 on the BSE, a premium of 20.65 22 per cent to the issue price of Rs 155.
Apeejay Surrendra Park IPO Listing LIVE Updates, The Park Hotel Listing Share Price NSE, BSE: Raise Rs 409.5 crore from anchor investors
Apeejay Surrendra Park Hotels Ltd mobilised Rs 409.5 crore from anchor investors.
Apeejay Surrendra Park IPO Listing LIVE Updates, The Park Hotel Listing Share Price NSE, BSE: Proceeds to be used for payment of debt
Proceeds from the fresh issue would be utilised towards payment of debt and for general corporate purposes.
Apeejay Surrendra Park IPO Listing LIVE Updates, The Park Hotel Listing Share Price NSE, BSE: IPO price range
Apeejay Surrendra Park IPO had a price range of Rs 147-155 a share.
Apeejay Surrendra Park IPO Listing LIVE Updates, The Park Hotel Listing Share Price NSE, BSE: Fresh issue of up to Rs 600 crore
The Initial Public Offer (IPO) has a fresh issue of up to Rs 600 crore and an offer for sale of up to Rs 320 crore.
Apeejay Surrendra Park IPO Listing LIVE Updates, The Park Hotel Listing Share Price NSE, BSE: RIIs received 30.35 times the subscription
The category for retail individual investors (RIIs) received 30.35 times the subscription.
Apeejay Surrendra Park IPO Listing LIVE Updates, The Park Hotel Listing Share Price NSE, BSE: QIBs garnered 75.14 times subscription
The quota for Qualified Institutional Buyers (QIBs) garnered 75.14 times subscription while the portion for non-institutional investors subscribed 52.41 times.
Apeejay Surrendra Park IPO Listing LIVE Updates, The Park Hotel Listing Share Price NSE, BSE: Received bids for 2,07,38,23,392 shares
As per data available on the NSE, the Rs 920 crore IPO received bids for 2,07,38,23,392 shares against 3,47,61,903 shares on offer.
Apeejay Surrendra Park IPO Listing LIVE Updates, The Park Hotel Listing Share Price NSE, BSE: IPO subscribed 59.66 times
Apeejay Surrendra Park Hotels, which runs hotels under the 'The Park' brand, got subscribed 59.66 times on the final day of bidding on Wednesday.
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