Apeejay Surrendra Park Hotels IPO Allotment Expected Soon

8 Feb 2024 , 11:15 PM

Apeejay Surrendra Park Hotels is set to announce the basis of allotment for its shares, likely on Thursday, February 8. Investors can expect to receive notifications regarding the debit of their funds or revocations of their IPO mandate by Friday or over the weekend. The IPO received a robust response from investors.

To check the allotment status, investors can visit the BSE website or the website of the IPO registrar, Link Intime India. They will need to provide their application number and PAN details to access the allotment status.

The IPO of Apeejay Surrendra Park Hotels was offered in the price band of Rs 147-155 per share, with a lot size of 96 shares. The bidding period was from February 5 to February 7. The company raised a total of Rs 920 crore from its primary offering, which included a fresh share sale of Rs 600 crore and an offer-for-sale (OFS) of up to 2.06 crore equity shares.

The overall subscription for the IPO was 59.66 times, driven by strong participation from qualified institutional bidders (QIBs) on the last day. The QIB quota was oversubscribed 75.14 times, while the non-institutional investor quota was subscribed 52.41 times. The portions reserved for retail investors and employees were subscribed 30.35 times and 5.42 times, respectively.