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.
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Park Hotels IPO subscribed 2x on first day; retail portion booked 5 times
The quota for retail investors was booked 5.2 times, while the portion set aside for QIB and NII received 1.16 times and 2.46 times bids, respectively.
Apeejay Surrendra Park Hotels sets price band at ₹147-155; IPO to open on Feb 5
Park Hotels looks to raise ₹930 crore via IPO route, a mixture of fresh issuance of equities worth ₹600 crore and an OFS of ₹320 crore shares.
Park Hotels to raise ₹1,050 cr in 2nd biggest hotel IPO
This IPO is poised to be the second largest in the hotels & resorts sector after Chalet Hotels’ ₹1,641 crore offering in February 2019.
Park Hotels’s Flurys, Taj Hotels Qmin, Meetha By Radisson test new models as hotel industry experiments
According to Indian Hospitality Trends & Opportunities Report, the revival of domestic travel and tourism has brought steam back into one of the worst impacted industries during the pandemic.
