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Apeejay Surrendra Park Hotels shares rose 6.83% to Rs 217.35 on BSE. Market cap of Apeejay Surrendra Park Hotels climbed to Rs 4,397.64 crore.
Apeejay Surrendra Park Hotels IPO: Analysts expect the shares to list at a 20-25 percent premium over the IPO price
JM Financial, Axis Capital, ICICI Securities are the book running lead managers for Park Hotels IPO, with Link Intime India as the registrar.
Ahead of its IPO, Apeejay Surrendra Park Hotels raised Rs 409.5 crore from anchor investors as it issued over 2.64 crore equity shares at an issue price of Rs 155 apiece.
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.