Park Hotels IPO comprises a fresh issue of equity shares, aggregating up to Rs 600 crore, and an offer for sale of Rs 320 crore in which promoter group entity Apeejay Pvt Ltd will offload shares worth Rs 296 crore.
Park Hotels IPO: The Rs 920-crore IPO of Apeejay Surrendra Park Hotels, the eighth-largest hotel chain in India, will open for public subscription from February 5-7. The price band is set at Rs 147-155 per share. The IPO includes a fresh issue of equity shares totaling up to Rs 600 crore and an offer for sale (OFS) of Rs 320 crore. The hotel chain aims for a post-issue market capitalization of Rs 3,307 crore based on the upper price band.