Apeejay Surrendra Park Hotels IPO Witnesses Strong Investor Response; Grey Market Premium Stable Ahead of Allotment Date

The Apeejay Surrendra Park Hotels IPO bidding phase concluded on Wednesday, reflecting robust investor interest over the three-day subscription period. Despite the strong response, the grey market premium (GMP) for Apeejay Surrendra Park Hotels IPO has remained steady, with investors now eagerly anticipating the announcement of share allotment details.

Stock market experts note that shares of Apeejay Surrendra Park Hotels Limited are currently commanding a premium of ₹35 in the grey market. This consistent GMP over the past three days signals a stable sentiment among participants in the unlisted stock market. Analysts attribute this stability to positive secondary market sentiments and the substantial subscription numbers.

During the three-day bidding window from February 5th to 7th, 2024, the public issue witnessed a subscription rate of over 60 times, with the retail portion of the book build issue being subscribed nearly 32 times. Overall, the public issue received bids nearly 79 times its offer, while the Non-Institutional Investors (NII) portion was booked around 55 times.

Given the T+3 listing rule, it is expected that the Apeejay Surrendra Park Hotels IPO allotment date will be on February 8, 2024. Investors who participated in the book build issue are advised to check their allotment status online by logging in to the BSE website or the official registrar’s website. Link Intime India Private Limited is the appointed official registrar for the public offer.

To check Apeejay Surrendra Park Hotels IPO allotment status on BSE:

1. Log in to the direct BSE link at bseindia.com/investors/appli_check.aspx.
2. Select Apeejay Surrendra Park Hotels Limited IPO.
3. Enter the Apeejay Surrendra Park Hotels IPO application number and PAN details.
4. Click on ‘I’m not a robot’ and then ‘Submit.’

For Apeejay Surrendra Park Hotels IPO allotment status on Link Intime:

1. Log in to the direct Link Intime web link at linkintime.co.in/MIPO/Ipoallotment.html.
2. Select Apeejay Surrendra Park Hotels Limited IPO.
3. Enter your PAN details and click on the ‘Search’ option.

The Apeejay Surrendra Park Hotels IPO allotment status will be displayed on the computer monitor or smartphone screen upon completion.