Apeejay Surrendra Park Hotels IPO Day 3: Check live subscription details here

7 Feb 2024 , 12:04 PM

The Apeejay Surrendra Park Hotels IPO, which opened for subscription on Monday, February 5 and is scheduled to close today (Wednesday, February 7), has witnessed significant interest from retail and non-institutional investors during the initial days of subscription. On day two, the Park IPO subscription status stood at 5.82 times, while on day one, the Apeejay Surrendra Park Hotels IPO subscription status was 2.53 times, according to BSE data. To subscribe to the IPO, click here.

By 11:55 AM on day three, the subscription rate has surged to 9.94 times. The retail portion has garnered bids 18.72 times higher than the reserved quota, while the NII portion has witnessed a subscription rate of 20.44 times. The QIB portion, on the other hand, has been subscribed 2.31 times. Additionally, the portion reserved for employees has seen a subscription rate of 2.90 times.

The price band for the Apeejay Surrendra Park Hotels IPO is set between ₹147 to ₹155 per equity share, with a lot size of 96 equity shares and multiples thereafter. The IPO raised ₹409 Crore from anchor investors on Friday, February 2.

In terms of reservation, not less than 75% of the shares in the public issue are reserved for qualified institutional buyers (QIB), while not more than 15% is allocated for non-institutional investors (NII). Retail investors have been allotted not more than 10% of the offer.