How To Check Apeejay Surrendra Park Hotels IPO Allotment Status

The Apeejay Surrendra Park Hotels IPO witnessed robust demand, with subscriptions reaching around 63 times on the third day of the bidding process. The Park Hotels IPO allotment status is set to be finalised today, Feb. 8.

If you applied for the IPO, here is how you can check the Apeejay Surrendra Park Hotels IPO allotment status.

Checking IPO Allotment Status on Registrar's Website:

Follow these steps to check the Apeejay Surrendra Park Hotels IPO allotment status

  1. Visit the registrar's website.
  2. Click on "Company Selection" and choose "Apeejay Surrendra Park Hotels" from the dropdown menu.
  3. Then you can enter your PAN, application number, or Demat.
  4. Enter the captcha and click Submit to retrieve the Apeejay IPO allotment status

Checking IPO Allotment Status on BSE:

  1. Go to the BSE website.
  2. Click on the ‘Equity' section and select "Apeejay Surrendra Park Hotels" from the dropdown menu.
  3. Enter your application number or PAN.
  4. Click on the ‘Search' button.
  5. The result will show the number of shares allotted to you.

If all the details are entered correctly and the allotment has been finalised, the Apeejay Surrendra Park Hotels allotment status will be visible.

See Also: Startup Accused Of False Claims After Securing ₹30 Lakh From Aman Gupta, Peyush Bansal On Shark Tank India

Apeejay Surrendra Park Hotels IPO Subscription Status

Qualified institutional investors showed the most interest, subscribing 79.26 times, followed by non-institutional investors at 55 times and retail investors at 32 times. The employee portion received a subscription of around 5.73 times.

Apeejay Surrendra Park Hotels IPO Details

The Apeejay Surrendra Park Hotels IPO comprises a combination of a fresh issue of equity shares, aggregating up to ₹600 crore, and an offer for sale (OFS) of ₹320 crore, where promoter group entity Apeejay Pvt Ltd will offload shares worth ₹296 crore along with other selling shareholders.

With a price band set at ₹147-155 per share, the IPO reserves 75% for qualified institutional buyers, 15% for non-institutional investors, and 10% for retail investors. Park Hotels is recognized as the eighth-largest hotel chain in India, operating under brands like The Park, The Park Collection, and Zone by Park, among others.

The company boasts over five decades of experience in the hospitality sector, operating 27 hotels across luxury boutique upscale brands and upper midscale categories. The proceeds from the fresh issue are proposed to be utilized for debt repayment and general corporate purposes.

Ahead of the IPO, Apeejay Surrendra Park Hotels raised Rs 409.50 crore from anchor investors, reflecting strong investor interest in the offering.

Apeejay Surrendra Park Hotels IPO GMP

Apeejay Surrendra Park Hotels IPO GMP showed growth from yesterday. The current GMP for the IPO is at ₹41, up from the ₹35 reported yesterday. Taking the upper price band for the IPO, the stock could list at around ₹196. 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.

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