Apeejay Surrendra Park Hotels on Monday debuted on the exchanges with a premium of 20% over the issue price, which was largely on the expected lines.Post the listing, the shares rallied further and are currently trading at Rs 198, up 28% over the IPO price, which was at Rs 155.
Analysts said that the impressive debut, following an oversubscription for the IPO by 62.91 times, signifies strong investor confidence in the well-established hotel chain’s future prospects.
“This listing paints a…
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