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Apeejay Surrendra Park Ltd’s IPO Generates High Market Demand

Apeejay Surrendra Park Ltd, one of India’s leading hotel chains, is set to list its shares on the stock exchange, and market trends indicate a strong demand for the stock. The grey market premium for Apeejay Surrendra Park shares is estimated to be at Rs 38 per share, signaling a potential listing pop of 25%. The stock is expected to list at around Rs 190-195, according to grey market quotes.

The recently concluded IPO of Apeejay Surrendra Park witnessed overwhelming response from investors. The issue was subscribed a staggering 62.91 times, reflecting the high level of investor confidence in the company. Qualified institutional buyers (QIBs) showed the strongest interest, subscribing 79.23 times, followed by non-institutional investors (55.26 times) and retail investors (32 times). Even the portion reserved for employees saw a subscription of 5.73 times.

With a price band of Rs 147-Rs 155 per share, the IPO raised Rs 920 crore. Eligible employees were also offered a discount of Rs 7 per share as part of the offering. This successful IPO marks a significant milestone for Apeejay Surrendra Park Ltd, highlighting its growth potential and market position.

Apeejay Surrendra Park operates 30 hotels across various categories, including luxury boutique upscale and upper midscale. The company’s hotels are located in major cities such as Mumbai, Bangalore, New Delhi, Hyderabad, Chennai, and Goa, offering a total of 2,298 rooms. Additionally, Apeejay Surrendra Park is involved in the retail food and beverage industry through its popular ‘Flurys’ outlets.

Industry experts have expressed optimism regarding Apeejay Surrendra Park’s future prospects. The company’s strong revenue contribution from the food and beverage segment, along with its focus on an asset-light model and debt reduction, position it well for sustained growth and improved performance. The development of new owned and managed properties further enhances its market leadership potential.

As the shares of Apeejay Surrendra Park Ltd get listed on the stock exchange, all eyes will be on the company’s performance and its ability to capitalise on the favorable industry tailwinds. The strong demand witnessed during the IPO is indicative of investors’ confidence in Apeejay Surrendra Park’s future potential in the hospitality and F&B sectors.

FAQ Section:

1. What is Apeejay Surrendra Park Ltd?
Apeejay Surrendra Park Ltd is one of India’s leading hotel chains, operating 30 hotels across various categories, including luxury boutique upscale and upper midscale. They also have a presence in the retail food and beverage industry through their ‘Flurys’ outlets.

2. What is the grey market premium for Apeejay Surrendra Park shares?
The grey market premium for Apeejay Surrendra Park shares is estimated to be at Rs 38 per share, indicating a potential listing pop of 25%.

3. How was the IPO of Apeejay Surrendra Park received by investors?
The IPO of Apeejay Surrendra Park received overwhelming response from investors. It was subscribed 62.91 times, reflecting high investor confidence in the company.

4. Who showed the strongest interest in the IPO?
Qualified institutional buyers (QIBs) showed the strongest interest in the IPO, subscribing 79.23 times. Non-institutional investors subscribed 55.26 times, retail investors subscribed 32 times, and employees subscribed 5.73 times.

5. How much was raised through the IPO?
The IPO of Apeejay Surrendra Park raised Rs 920 crore, with a price band of Rs 147-Rs 155 per share. Eligible employees were offered a discount of Rs 7 per share.

6. What are Apeejay Surrendra Park’s future prospects?
Industry experts express optimism regarding Apeejay Surrendra Park’s future prospects. The company’s strong revenue contribution from the food and beverage segment, focus on an asset-light model, debt reduction, and development of new properties position it well for sustained growth and improved performance.

7. What will be the focus after getting listed on the stock exchange?
After getting listed on the stock exchange, all eyes will be on Apeejay Surrendra Park Ltd’s performance and its ability to capitalize on the favorable industry tailwinds. The strong demand witnessed during the IPO indicates investors’ confidence in the company’s future potential in the hospitality and F&B sectors.

Definitions:

1. IPO: Initial Public Offering – The first sale of shares of a company to the public, allowing it to raise capital.

2. Grey Market: An unofficial market where securities are traded before they are officially listed on the stock exchange.

3. Listing Pop: The percentage increase in the price of a stock on its listing day compared to its issue price.

4. Qualified Institutional Buyers (QIBs): Institutional investors such as mutual funds, insurance companies, and pension funds that are deemed to have sound financial knowledge and expertise.

5. Retail Investors: Individual investors who buy and sell securities for their personal investment portfolios.

Suggested Links:

1. Apeejay Group
2. Apeejay Surrendra Park Hotels