Apeejay Surrendra Park IPO is a book-built issuance worth Rs 920.00 crore. The offering consists of a fresh issuance of Rs 600.00 crores and an offer for sale of Rs 320.00 crore.
Apeejay Surrendra Park’s initial public offering (IPO) will begin on February 5, 2024 and terminate on February 7, 2024. The allotment for the Apeejay Surrendra Park IPO is slated to be completed on Thursday, February 8, 2024. Apeejay Surrendra Park IPO will be listed on the BSE and NSE, with a preliminary listing date set for Monday, February 12, 2024.
Apeejay Surrendra Park’s IPO price band is ₹147 to ₹155 per share. The minimum lot size for an application is 96 shares. The minimum investment for retail investors is ₹14,880. The minimum lot size investment for sNII is 14 lots (1,344 shares) worth ₹208,320, while for bNII it is 68 lots (6,528 shares) for ₹1,011,840.
The issuance includes a reservation of up to 675,675 shares for employees, which are provided at a discount of Rs 7 from the issue price.
Apeejay Surrendra Park IPO Details
| IPO Date | February 5, 2024 to February 7, 2024 |
| Listing Date | [.] |
| Face Value | Rs 1 per share |
| Price Band | Rs 147 to Rs 155 per share |
| Lot Size | 96 Shares |
| Total Issue Size | [.] shares (aggregating up to Rs 920.00 Cr) |
| Fresh Issue | [.] shares (aggregating up to Rs 600.00 Cr) |
| Offer for Sale | [.] shares of ₹1 (aggregating up to Rs 320.00 Cr) |
| Employee Discount | Rs 7 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 174,661,760 |
Apeejay Surrendra Park IPO Timeline
| IPO Open Date | Monday, February 5, 2024 |
| IPO Close Date | Wednesday, February 7, 2024 |
| Basis of Allotment | Thursday, February 8, 2024 |
| Initiation of Refunds | Friday, February 9, 2024 |
| Credit of Shares to Demat | Friday, February 9, 2024 |
| Listing Date | Monday, February 12, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 7, 2024 |
Apeejay Surrendra Park IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 96 | Rs 14,880 |
| Retail (Max) | 13 | 1248 | Rs 193,440 |
| S-HNI (Min) | 14 | 1,344 | Rs 208,320 |
| S-HNI (Max) | 67 | 6,432 | Rs 996,960 |
| B-HNI (Min) | 68 | 6,528 | Rs 1,011,840 |
