The much-anticipated listing of Apeejay Surrendra Park Hotels Limited’s initial public offering (IPO) is set for February 12, 2024, sparking excitement in the market. With experts projecting a robust debut, investors are eyeing potential gains as optimism surrounds the hospitality industry’s resurgence.
Scheduled to be listed on both BSE and NSE, Apeejay Surrendra Park Hotels shares are expected to enter the market in a special pre-open session. The BSE announcement signals the commencement of dealings, with anticipation running high among trading members.
Analysts foresee a strong premium for Apeejay Surrendra Park Hotels IPO, attributing it to the opportune timing amidst a buoyant hospitality sector. Market dynamics indicate a potential listing gain of up to 25 percent for fortunate allottees, bolstered by the company’s strategic positioning and strong subscription rates.
Dhruv Mudaraadi, a Research Analyst at StoxBox, predicts a premium listing, buoyed by the IPO’s remarkable oversubscription. He anticipates a 25 percent premium over the issue price, underscoring the sector’s resilience post-pandemic.
Avinash Gorakshkar, Head of Research at Profitmart Securities, echoes this sentiment, emphasizing the IPO’s reasonable valuation and subsequent demand surge. With Apeejay Surrendra Park Hotels’ established brand stature, he foresees heightened trade volume, auguring well for a strong market debut.
Market observers highlight the grey market premium as a barometer of investor sentiment, with Apeejay Surrendra Park Hotels’ premium reflecting optimism. At ₹38, the grey market premium hints at a listing price around ₹193, reinforcing market expectations of a promising debut.
Apeejay Surrendra Park Hotels IPO’s imminent listing garners widespread anticipation, fueled by favorable market conditions and sectoral optimism. As investors await the opening bell, all eyes are on the potential gains and the company’s trajectory in the dynamic hospitality landscape.