Apeejay Surrendra Park Hotels Limited’s Initial Public Offering (IPO) is set to debut in the Indian primary market. The IPO price band is fixed at ₹147 to ₹155 per equity share, with the book build issue open until February 7, 2024.
The public offer aims to raise ₹920 crore and is intended for listing on both BSE and NSE. The IPO consists of a fresh equity issue of Rs 600 crore and an Offer for Sale (OFS) of Rs 320 crore.
Qualified Institutional Buyers (QIBs) have a 75% reservation, while retail investors have a 10% allocation, and non-institutional investors have 15% reserved for them.
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