Park Hotels owner files draft papers for Rs 1,050 crore IPO with Sebi
时间:2024-06-26 06:57:55 阅读(143)
Apeejay Surrendra Park Hotels Ltd, which runs hotels under the “The Park” brand, has filed preliminary papers with capital markets regulator Sebi to raise Rs 1,050 crore through an initial public offering (IPO).
The IPO comprises a fresh issue of equity shares worth Rs 650 crore and an offer for sale (OFS) of equity shares to the tune of Rs 400 crore by promoters and investor shareholders, according to the draft red herring prospectus (DRHP) filed on Saturday.
At present, promoters and promoter group members hold a 94.18 per cent stake in the company, and the two investors own 5.82 per cent shareholding in the firm.
Proceeds of the fresh issue would be utilised toward the payment of debt and for general corporate purposes.
The company operates hospitality assets under its brands, The Park, The Park Collection, Zone by The Park, Zone Connect by The Park and Stop by Zone. It has established a presence in the retail food and beverage industry through its retail brand ‘Flurys’.
It has five decades of experience in the hospitality business of owning and operating hotels, with the first hotel being launched under brand “The Park” at the iconic Park Street in Kolkata.
The company has a presence in Bengaluru, Chennai, Hyderabad, Kolkata, Mumbai, and Delhi-NCR as well as in other major cities such as Coimbatore, Jaipur, Jodhpur, Jammu, Navi Mumbai, Raipur, and Visakhapatnam.
JM Financial, Axis Capital, and ICICI Securities are the book-running lead managers to the issue.
Earlier, the hotel chain had filed its draft papers for the IPO in December 2019 and received the regulator’s approval too. However, the company did not go ahead with the launch.
上一篇:Rupee falls 34 paise to close at 81
下一篇:Yes Bank shares drops over 2 per cent after June quarter earnings
猜你喜欢
- Bharatmala project to be subsumed in Vision 2047
- Petrol and diesel price on June 1- Fuel cost steady; Check prices in Delhi, Mumbai, other cities here
- Rupee likely to depreciate to 83 in near term; all eyes on RBI Monetary Policy
- Bombay Dyeing shares rise 20% on land deal; debt reduction plans
- Bumper debut- Flair Writing shares list over 65% premium on bourses; Should you hold or book profit-
- Rupee falls 6 paise to 83
- Birla Estates buys land parcel in South Mumbai to build luxury homes, eyes revenue of more than Rs 600 cr
- Persistent Systems, Alkem Labs and Eicher Motors among 190 stocks that hit 52-week high; 11 touch 52-week low
- Rupee appreciates by 2 paise to 83