Uncover the Apeejay Surrendra Park IPO’s subscription status, expert reviews, and listing date. Is it worth the investment? Read on for insights.
Investing in the stock market can be a thrilling yet challenging experience, especially when faced with opportunities like the Apeejay Surrendra Park Hotels Limited Initial Public Offering (IPO). In this article, we will delve into the critical aspects of the Apeejay Surrendra Park IPO, from its pricing to the subscription status and expert reviews, guiding you through the decision of whether to buy or not.
Apeejay Surrendra Park Hotels IPO Details
1. Apeejay Surrendra Park Hotels IPO Price Band
The IPO’s price band is set between ₹147 to ₹155 per equity share, offering potential investors a range to consider.
2. Apeejay Surrendra Park Hotels IPO Opening Date
The book build issue commenced today and is set to conclude on 7th February 2024, providing a limited window for interested investors.
3. Apeejay Surrendra Park Hotels IPO Size
Aiming to raise ₹920 crore, the company plans to allocate ₹600 crore through fresh share issuance and ₹320 crore through the Offer for Sale (OFS) route.
4. Apeejay Surrendra Park Hotels IPO Lot Size
Investors can apply in lots, with each lot comprising 96 company shares, allowing flexibility in investment amounts.
5. Apeejay Surrendra Park Hotels IPO Allotment Date
Following T+3 listing rules, share allocation is expected on 8th February 2024, a key date for potential investors.
6. Apeejay Surrendra Park Hotels IPO Registrar
Link Intime India Private Ltd is the official registrar of the book build issue, ensuring a smooth process for investors.
7. Apeejay Surrendra Park Hotels IPO Listing
The IPO is proposed for listing on both BSE and NSE, providing diverse options for trading.
8. Apeejay Surrendra Park Hotels IPO Listing Date
Anticipated to be listed on 12th February 2024, investors should mark this date on their calendars.
Apeejay Surrendra Park Hotels IPO Subscription Status
As of 3:21 PM on the first day of bidding, the book build issue had a 2.03 times subscription, with the retail portion oversubscribed at 4.71 times. The Non-Institutional Investors (NII) portion recorded a 2.12 times subscription, while the Qualified Institutional Buyers (QIB) portion reached 1.15 times.
Expert Reviews and Recommendations
Apeejay Surrendra Park Hotels IPO Review
Dhruv Mudaraddi, Research Analyst at Stoxbox, recommends subscribing to the IPO, citing the company’s strategic positioning in a resurgent hospitality industry. With a diversified pan-India portfolio and historically high occupancy rates, the company appears well-positioned for growth.
Unraveling the Grey Market Premium
Apeejay Surrendra Park IPO GMP: The +60 Phenomenon
Apeejay Surrendra Park’s Grey Market Premium, or GMP, currently stands at +60, a noteworthy figure echoing the trends of the previous session. This surge signifies that the Apeejay Surrendra Park share price commands a premium of ₹60 in the grey market, as reported by investorgain.com.
Estimated Listing Price: A Calculated Projection
Considering the upper end of the IPO price band coupled with the prevailing grey market premium, the estimated listing price for Apeejay Surrendra Park’s shares hovers at ₹215 each. This projection indicates a substantial 38.71% surge compared to the IPO price of ₹155.
Analyst Insights and Market Projections
Upward Momentum: Analysts Predict a Strong Listing
Drawing insights from the last ten sessions of grey market activity, analysts at investorgain.com anticipate a robust listing for Apeejay Surrendra Park today. The GMP points upward, hinting at positive market sentiments and investor confidence. In this scenario, the lowest GMP observed is ₹0, while the highest reaches ₹70.
Decoding ‘Grey Market Premium’
The ‘Grey Market Premium’ isn’t just a numerical figure; it symbolizes investors’ willingness to pay beyond the issue price. This readiness reflects a collective belief in the potential value and performance of Apeejay Surrendra Park shares.
Should You Apply?
Anirudh Garg, Partner and Fund Manager at INVAsset, suggests potential interest in the IPO due to high occupancy rates, average revenue per room, and operational diversity. The reduction in post-IPO promoter holding indicates a positive move for future growth and expansion.
Leading brokerages, including BP Equities, Ventura Securities, Mehta Equities, Marwadi Financial Services, and Choice Broking, have also given a ‘subscribe’ tag to the book build issue, echoing a positive sentiment.
Conclusion
Investing in an IPO demands careful consideration of various factors. The Apeejay Surrendra Park IPO presents an exciting opportunity, backed by positive subscription numbers and favorable expert reviews. As always, potential investors should conduct thorough research and consult with financial advisors before making decisions.
Disclaimer
It’s crucial to note that the views and investment tips expressed by experts on indiaviralalerts.in are their own and not necessarily reflective of the website or its management. Users are strongly advised to consult certified experts before making any investment decisions.