MoneyWorks4Me

Apeejay Surrendra Park Hotels has filed draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to raise an estimated Rs 1,000 crore through an Initial Public Offering (IPO). The IPO comprises a fresh issue of up to Rs 400 crore and an offer-for-sale (OFS) of up to Rs 600 crore. The shares of the company are proposed to be listed on NSE and BSE.

The funds will be utilized towards repayment/prepayment of certain borrowings availed and for general corporate purposes. The book running lead managers to the issue are ICICI Securities, Axis Capital and JM Financial.

The company is part of the Apeejay Surrendra group, a leading Indian conglomerate. The group's business is spread across industries such as hospitality, shipping, tea, real estate, retail brands such as Oxford bookstores, and education.

Peers
Company Name CMP
The Indian Hotels Co 784.00
ITC Hotels 156.20
Mahindra Holi.&Resor 186.15
EIH 288.40
Chalet Hotels 789.55
View more..