Apeejay Surrendra Park Hotels IPO subscribed 59.66 times on final day
Apeejay Surrendra Park IPO: With a price band of Rs 147-155 per share, the Apeejay Surrendra Park public issue will be open for subscription for three trading days till February 7, from 10 am to 5 pm.
Apeejay Surrendra Park IPO, Apeejay Surrendra Park Hotels IPO subscription status: Hotel chain operator Apeejay Surrendra Park Hotels, which runs hotels under the brand 'The Park', is all set to launch an initial public offer (IPO) on Monday, February 5. Shares under the IPO, which will be available for subscription from 10 am to 5 pm for three trading days till February 7, will be available at a price band of Rs 147-155 per share.
The Apeejay Surrendra Park IPO comprises fresh issuance of shares worth Rs 600 crore and an offer for sale (OFS) of Rs 320 crore.
Apeejay Surrendra Park IPO: Here are key things to know about the issue
Apeejay Surrendra Park Hotels IPO subscription status
On Wednesday (Day 3), Apeejay Surrendra Park Hotels' share sale received bids for 2,07,38,43,552 shares against 3,47,61,903 shares on offer. Overall, the public issue has been subscribed 59.66 times on Day 3 of the bidding process.
| Category | Subscription (No. of times the equity reserved) |
| Qualified institutional buyers | 75.14 |
| Non-institutional investors | 52.41 |
| Retail investors | 30.35 |
| Overall | 59.66 |
| Source: Exchange data |
Apeejay Surrendra Park IPO allotment date
The basis of the allotment of shares under the IPO of Apeejay Surrendra Park is set to be finalised tentatively on February 8.
Apeejay Surrendra Park IPO listing date
The Apeejay Surrendra Park IPO stock is likely to be listed in the secondary market tentatively on February 12. The stock will be traded on the bourses BSE and NSE.
Apeejay Surrendra Park IPO lot size
The minimum lot size for an application is 96 shares. The minimum amount of investment required by retail investors is Rs 14,880.
Apeejay Surrendra Park IPO: Book-running lead managers
Jm Financial Ltd, ICICI Securities Ltd and Axis Capital Ltd are the book-running lead managers.
Apeejay Surrendra Park IPO: Registrar
Link Intime India Private Ltd is the registrar for the issue.
Apeejay Surrendra Park IPO: Fund utilisation
Apeejay Surrendra Park proposes to utilise the net proceeds towards repayment/ prepayment, in full or in part of certain outstanding borrowings availed by the company and general corporate purposes.
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