Apeejay Surrendra Park IPO: Latest Subscription Status, GMP, Other Details

The Apeejay Surrendra Park Hotels IPO Limited is set to close for bidding today. The Apeejay Surrendra Park IPO’s price band was set between ₹147 to ₹155 per equity share.

Apeejay IPO Details

The Apeejay IPO aims to raise around ₹920 crore. Of the ₹920 crore, ₹600 crore is intended to be raised through the issuance of fresh shares, while the remaining ₹320 crore is allocated for the offer for sale (OFS) route.

Apeejay IPO GMP

As of the closing date of the IPO, shares of Apeejay Surrendra Park Hotels Limited are trading at a premium of ₹35 in the grey market. This is a drop from the peak Apeejay IPO GMP of ₹70 that was observed before the IPO opened. It is important to note that while IPO GMPs can provide some insight into market sentiment towards an IPO, it’s not always a reliable predictor of the stock’s performance on listing.

Apeejay IPO Subscription

By 10:12 am today, the book build issue had been subscribed 6.82 times overall, with the retail portion oversubscribed 14.59 times. The portion reserved for non-institutional investors (NII) was subscribed 13.11 times, while the qualified institutional buyers (QIB) portion was subscribed 1.27 times.

Apeejay IPO Listing

The public issue is proposed for listing on both the BSE and NSE, with the expected listing date set for 12th February 2024. Ventura Securities has a subscribe rating on the stock.

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Posted In: NewsIPOsApeejay Surrendra Park Hotels