The price band for the Apeejay Surrendra Park Hotels IPO has been fixed at ₹147 to ₹155 per equity share.
The company's net profit for the December quarter fell to ₹46.5 Crore from ₹107.7 Crore
Sheetal Agarwal of IIFL caught up with management of the IPO-bound company. Edited excerpts:
Recommendation: Add; Target price: ₹725
The profit was 42% less than during the same period last year.
Paytm also refuted rumours that it has discussions with Jio Financial Services.
Investors opted to book profits amidst a 16% rally in the stock over the preceding five days, with a remarkable 390% gain over the past year.
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