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Apeejay Surrendra Park Hotels has raised over Rs 409 crore ahead of its IPO. The company's board of Directors have allotted over 2.64 crore equity shares to 37 anchor investors, including domestic mutual funds. The highest allocation has been made to Nippon Life India Trustee Ltd-A/C Nippon India Small Cap Fund. The Rs 920 crore IPO comprises fresh issue of equity shares and offer for sale by promoter group entity Apeejay Pvt Ltd. Park Hotels operates 27 hotels across upscale and upper-midscale categories.

Apeejay Surrendra Park Hotels IPO: The price band for the issue has been fixed at Rs 147-155 per share

Apeejay Surrendra Park Hotels IPO: The Apeejay Surrendra Park Hotels IPO is a mix of fresh issue of shares worth ₹600 crore. Check other details here

Apeejay Surrendra Park Hotels IPO | The public issue will open for subscription on February 5 and the last day for subscription will be February 7.

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.