The IPO of Apeejay Surrendra Park Hotels Limited (ASPHL) has gone live today, February 5. The price of APJ Surendra IPO has been kept at ₹147-₹155 per share. You will have to invest a minimum of Rs 14,880 for this IPO. Everyone can invest money in this IPO from their own Demat Account.
APJ Surendra Hotels wants to raise a total of ₹920 crore through its IPO. The IPO of APJ Surendra Hotels Limited has gone live from 5th February. The public and Retail investors will be able to invest in it till 7th February. The company will be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on February 12.
Apeejay Surrendra Park Hotel Company will use the money from this IPO to repay corporate papers and its old debts. The company wants to raise a total of Rs 920 crore, out of which it will issue new shares worth Rs 600 crore and the remaining Rs 320 crore will be sold by the company’s promoters.
Read More: Facebook Meta Shares Jump 20% in Just One Day, First-ever Dividend Announce
Talking about the company’s share in this IPO, 75% has been reserved for Qualified Institutional Buyers (QIB), 10% for retail investors, and the remaining 15% for Non-Institutional Investors (NII). The hotels of Apeejay Surrendra Park Hotels Limited company fall under the luxury brand and are ranked 8th in India.
Apeejay Surrendra Park Hotels IPO Minimum Investment
Apeejay Surrendra Park Hotels Limited has kept the price band of its IPO at ₹147-₹155 per share, which means you will have to invest a minimum of ₹14,880 to buy 1 lot. A person can bid for 13 lots by investing a maximum of Rs 193,440 at a time. For this IPO, the retail investor must apply for a minimum of 1 lot i.e. 96 shares.
Apeejay Surrendra Park Hotels Limited Company History
Apeejay Surrendra Park Hotels Limited was started in 1987. Today this company has 27 hotels and 80 restaurants, nightclubs, and bars. The company is running its business under the names The Park, Zone by the Park, The Park Collection, Zone Connect by the Park, and Stop by Zone. Their business is located in big cities like Kolkata, Mumbai, New Delhi, Chennai, Hyderabad, and Bangalore. The company also operates in the retail food and beverage business through its retail brand ‘Flurys’.
If you are thinking of investing in this IPO then this is a good opportunity because the company has generated profit this year. This is a personal opinion, do your research further.