Day 2 of the Apeejay Surrendra Park IPO: Verify Subscription Status and GMP Today

Apeejay Surrendra Park IPO: Public subscriptions for Apeejay Surrendra Park IPO, which operates “The Park” hotels, are being accepted until February 7. On Tuesday, the IPO garnered 3.60 times the subscription up to 11:19 am on the second day of bidding. Bids were received for 11,86,33,920 shares, against the 3,29,65,998 shares that were offered.

Public subscription for the Rs 920-crore initial public offering (IPO) began on February 5 and will run until February 7.

Thus far, subscriptions have been received 8.76 times for the retail category and 5.06 times for the non-institutional investor (NII) category quota. The group of qualified institutional buyers (QIBs) received 1.24 times as many subscriptions.

Apeejay Surrendra Park’s initial public offering (IPO) will be allocated on February 8 and listed on the NSE SME on February 12, 2024.

Today’s Apeejay Surrendra Park IPO GMP

Market watchers report that unlisted shares of Apeejay Surrendra Park are selling on the gray market for Rs 33 more than its Rs 155 maximum issue price. The grey market anticipates a 21.29 percent listing gain from the public offering, as shown by the Rs 33 grey market premium, or GMP. The GMP is dynamic and dependent on market mood.

The willingness of investors to pay above the issue price is shown by the “grey market premium.”

Details about Apeejay Surrendra Park’s IPO

A new issuance of Rs 600 crore and an offer for sale of Rs 320 crore make up the Apeejay Surrendra Park IPO.

The initial public offering (IPO) pricing range for Apeejay Surrendra Park was set at Rs 147 to Rs 155 per share. An application must have a minimum lot size of 96 shares. Retail investors are needed to invest a minimum of Rs 14,880. The smallest lot size investment for a small NII is 14 lots (1,344 shares), or Rs 2,08,320, while the largest lot size investment for a huge NII is 68 lots (6,528 shares), or Rs 1,011,840.

Up to 675,675 shares of the issuance are reserved for workers and are available at a discount of Rs 7 from the issue price.

The registrar for the Apeejay Surrendra Park IPO is Link Intime India Private Ltd, while the book-running lead managers are JM Financial Limited, ICICI Securities Limited, and Axis Capital Limited.