Apeejay Surrendra Park Hotels Ltd. has announced public offering of 59354839 shares at a price of Rs 1.00 each for Cash at a Premium of Rs 154.00 per share. The gross proceeds of the issue are expected to be Rs 92,000.00 lakhs.
The company's initial public offer (IPO) will open on 05 February 2024 and is expected to close on 07 February 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 147.00-155.00 per share.
The IPO includes a fresh Issue of 59354839 Equity Shares of the Company at an price of Rs 155.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 96 shares with bids in multiples of 96.
Apeejay Surrendra Park Hotels Ltd. anticipates using the proceeds of the issue for .
ICICI SECURITIES LTD,Axis Capital Limited,JM Financial Ltd. as lead manager(s) & Link Intime India Pvt. Ltd. is the registrar, to the issue.