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<ul><li><keyword id="20439092" type="General" weightage="20" keywordseo="apeejay-surrendra-park" source="keywords">Apeejay Surrendra Park</keyword> is expected to announce its share allotment status on Thursday, February 8.</li><li>The shares of Apeejay Surrendra Park were subscribed 59.66 times.</li><li>The shares are expected to be listed on the stock exchanges on February 12.</li></ul> Kolkata-based Apeejay Surrendra Park, which is engaged in the hospitality business and runs hotels under its “The Park” brand is expected to announce the allotment status of its initial public offering (<keyword id="6354763" type="General" weightage="20" keywordseo="ipo" source="Orion">IPO</keyword>) on Thursday, February 8. The Apeejay Surrendra Park IPO opened on February 5 and closed on February 7. The price band for the IPO was ₹147 to ₹155 per share. <cmsannotation type="cmsannotation" annotationid="Robust subscription" comment="subhead" text="Robust subscription">Robust subscription</cmsannotation> On the last day, the Apeejay Surrendra Park IPO was subscribed 59.66 times, receiving bids for 207.38 crore equity shares against 3.48 crore shares on offer. While the qualified institutional buyer portion was subscribed 75.14 times, the non-institutional investors portion was subscribed 52.41.80 times. The retail portion also witnessed excellent participation and was subscribed 30.31 times. The employee portion was subscribed 5.42 times. <cmsannotation type="cmsannotation" annotationid="Grey market premium" comment="subhead" text="Grey market premium">Grey market premium</cmsannotation> The shares of Apeejay Surrendra Park are currently commanding a grey market premium (GMP) of ₹35 per share. GMP is the premium at which IPO shares are traded in an unofficial market before they are listed on the stock exchanges. <cmsannotation type="cmsannotation" annotationid="Here’s how to check the IPO’s allotment status" comment="subhead" text="Here’s how to check the IPO’s allotment status">Here’s how to check the IPO’s allotment status</cmsannotation> You can check the allotment status on the registrar’s website. <ul><li>To check the <keyword id="20507206" type="General" weightage="100" keywordseo="Apeejay-Surrendra-Park-IPO-allotment" source="Orion">Apeejay Surrendra Park IPO allotment</keyword> status, visit the registrar’s website<a href="https://linkintime.co.in/IPO/public-issues.html"> here</a>. </li><li>Click on ‘Select Company’ and then select ‘Apeejay Surrendra Park’. </li><li>Now, enter your PAN, application number, DP / Client ID or Account number / IFSC. </li><li>Now, enter the captcha. </li><li>Click on submit. </li></ul>You will be able to see your application status. It will display the number of shares that you have applied for and the number of shares that have been allotted to you. You can also check the Apeejay Surrendra Park <keyword id="35223" type="General" weightage="20" keywordseo="IPO-allotment" source="Orion">IPO allotment</keyword> status on the BSE and NSE websites. To check the allotment status on BSE or NSE website: <ul><li>Go to the BSE<a href="https://www.bseindia.com/investors/appli_check.aspx"> website</a>. </li><li>On the website, click on 'Equity' and then select ‘Apeejay Surrendra Park’ from the dropdown menu. </li><li>Now, enter your application number and PAN. </li><li>Click on 'Search'. </li></ul>You will be able to see the number of shares allotted to you. You can click<a href="https://www.nseindia.com/products-services/initial-public-offerings-bid-verification"> here</a> and log in to check your allotment status on NSE. <cmsannotation type="cmsannotation" annotationid="Apeejay Surrendra Park IPO listing date" comment="subhead" text="Apeejay Surrendra Park IPO listing date">Apeejay Surrendra Park IPO listing date</cmsannotation> The shares of Apeejay Surrendra Park will be listed on the stock exchanges on February 12. SEE ALSO: <a href="https://www.businessinsider.in/business/auto/webstories/retro-turned-electric-after-chetak-kinetic-luna-also-gets-a-new-lease-of-life/slidelist/107523076.cms">Retro turned electric – After Chetak, Kinetic Luna also gets a new lease of life</a> <a href="https://www.businessinsider.in/tech/news/affordability-propels-indian-smartwatch-shipments-to-rise-by-50-in-2023/articleshow/107517214.cms">Affordability propels Indian smartwatch shipments to rise by 50% in 2023</a> <a href="https://www.businessinsider.in/stock-market/webstories/tcs-crosses-15-lakh-crore-market-cap-a-look-at-indias-biggest-companies/slidelist/107478912.cms">TCS crosses ₹15 lakh crore market cap – A look at India’s biggest companies</a>

Apeejay Surrendra Park IPO allotment – How to check allotment, GMP, listing date and more

<ul><li>The stock listed at ₹203 as compared to its issue price of ₹155 per share.</li><li>The grey market was expecting 23% listing gains from the stock.</li><li>Its market capitalisation is at ₹4,341 crore, as per Bombay Stock Exchange. </li></ul>Hotel chain <keyword id="20399039" type="General" weightage="20" keywordseo="apeejay-surrendra-park-hotels" source="keywords">Apeejay Surrendra Park Hotels</keyword> debuted on Dalal Street at a 20.6% premium on Monday. It gained during the day and closed 31% ahead of its issue price. The grey market was expecting 23% listing gains from the stock. The stock closed at ₹203 as compared to its issue price of ₹155 per share. Its market capitalization is at ₹4,341 crore, as per Bombay Stock Exchange. “We believe the healthy listing is justified on the back of reasonable valuations to peers; and government push towards the hospitality and tourism industry. Its primary objective of reducing debt could lighten interest burden which can improve the bottom lines in coming years,” said <keyword id="20226500" type="General" weightage="20" keywordseo="prashanth-tapse" source="keywords">Prashanth Tapse</keyword>, senior VP of research at Mehta Equities. He recommends allotted investors to ‘hold’ the stock with a long-term perspective. The ₹920 crore public issue was subscribed 63 times over the shares on offer. Ahead of the IPO, it raised ₹409.5 crore from anchor investors including Societe Generale, Troo Capital, Julius Baer India, Citigroup Global, Integrated Core Strategies and more. While the listing performance of 2024’s market debuts have been mixed, the last two listings like BLS E-Services and <keyword id="20214703" type="General" weightage="20" keywordseo="nova-agritech" source="keywords">Nova Agritech</keyword> have provided good gains to investors. Here are the listing gains of the last few market debuts <table style="border-width: initial; border-style: none;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Company </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Listing gains </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">BLS E-Services </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">129% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Nova Agritech </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">39% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">EPACK Durable </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-10% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Jyoti CNC </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">30% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Innova Captab </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">21% </td></tr></tbody><tbody></tbody><tbody></tbody></table> The ₹920 crore issue had a fresh issue of ₹600 crore, and an Offer-for-Sale aggregated to ₹320 crore by selling shareholders. The company proposes to utilize net proceeds from fresh issue towards repayment and or prepayment, in full or in part of certain outstanding borrowings availed by company and balance amount towards general corporate purposes. Apeejay Surrendra <keyword id="20251896" type="General" weightage="20" keywordseo="park" source="keywords">Park</keyword> Hotels is the eighth largest in India in terms of chain affiliated hotel rooms inventory as of September 30, 2023. They operate hospitality assets under their own brands like The Park, The Park Collection, ‘Zone by The Park’, ‘Zone Connect by The Park’ and ‘Stop by Zone’. It develops upscale luxury boutiques as well as upper mid-scale hotels. They operate 30 hotels in 20 cities across India. The hotels are operated through direct ownership, long-term leases, operation and management agreements on a contractual basis using their brand on hotels constructed by third parties. “The company possesses a varied portfolio of hotels across India, including owned, leased, and managed properties strategically situated in both major metropolitan areas and emerging cities,” said an IPO note by <keyword id="20548750" type="General" weightage="20" keywordseo="anand-rathi" source="keywords">Anand Rathi</keyword>. They own over 1,300 rooms constituting 2.8% of the total inventory of hotel rooms owned by chained affiliated hotels across the country. The company was established over 55 years ago, with their first hotel The Park at the iconic Park Street in Kolkata. “The organization has established thriving hospitality brands by combining product innovation and exceptional service, aiming to engage customers with a varied and comprehensive range of offerings. We believe that the valuation of the company is fairly priced and recommend a ‘Subscribe-Long Term’ rating to the IPO,” said Anand Rathi.

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