Park Hotels IPO makes strong debut in weak market; lists at 21% premium
The ₹920-crore IPO of Apeejay Surrendra Park Hotels was subscribed 62.91 times; portions for retail investors, QIB, and NII were booked 32x, 79.23x, and 55.26x, respectively.
The ₹920-crore IPO of Apeejay Surrendra Park Hotels was subscribed 62.91 times; portions for retail investors, QIB, and NII were booked 32x, 79.23x, and 55.26x, respectively.
While Rashi Peripherals looks to raise ₹600 crore via IPO route, two small finance banks - Capital and Jana - aim to garner ₹570 crore and ₹523 crore, respectively.
This IPO is poised to be the second largest in the hotels & resorts sector after Chalet Hotels’ ₹1,641 crore offering in February 2019.