The IPO acquired a robust response from all classes of traders, with certified establishments being essentially the most aggressive at 75.14 occasions; the non-institutional portion was subscribed 52.41 occasions, the retail investor portion 30.35 occasions, and the portion for workers by 5.42 occasions.
As a part of the IPO, Apeejay Surrendra Park Lodges raised ₹409.50 crore from anchor traders, together with Troo Capital, Carnelian Capital, Julius Baer India, Citigroup International, Built-in Core Methods and Societe Generale.
Home traders resembling Nippon Life India, ICICI Prudential Mutual Fund, 360 One Particular Alternatives Fund, HDFC Life Insurance coverage Firm, Quant Mutual Fund, Whiteoak Capital, Mirae Asset, Bandhan Mutual Fund, Edelweiss Trusteeship, Kotak Mahindra Life Insurance coverage Firm, Bajaj Allianz Life Insurance coverage and SBI Normal Insurance coverage additionally took half within the anchor ebook.
The corporate plans to make use of ₹550 crore to repay loans and the remaining funds might be used for basic company functions.
ICICI Securities, JM Financialand Axis Capital are the book-running lead managers of the Apeejay Surrendra Park IPO, whereas Hyperlink Intime India is the registrar for the problem.
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