Apeejay Surrendra Park Hotels IPO: Issue subscribed 45%, retail portion.
Mon, Feb 5, 2024 12:50 PM

Apeejay Surrendra Park Hotels IPO: Issue subscribed 45%, retail portion.

A Flip by Avya Verma
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Apeejay Surrendra Park Hotels' Rs 920-crore IPO subscribed 45% on first day of bidding. Retail investors bid 1.73 times, HNIs picked 51% of allocated shares. Offer consists of fresh issue worth Rs 600 crore and offer for sale of Rs 320 crore by promoters. Company raised Rs 409.5 crore from anchor investors. Plans to use Rs 550 crore to repay loans and for general corporate purposes.

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