Apeejay Surrendra Park Hotels Ltd (Ticker: PARKHOTE IN) is a lodging company based in India, specializing in the operation of hotels and motels. The company plans to list on the National Stock Exchange of India on February 12, 2024. Apeejay Surrendra Park Hotels Ltd aims to raise INR 9.20 billion (approximately USD 110.94 million) through its initial public offering. The offering is managed by Axis Capital Ltd, ICICI Securities Ltd, and JM Financial Ltd. The specific details regarding the number of shares offered and the offer price are not disclosed at this stage.
Apeejay Surrendra Park Hotels Limited operates under five brands, catering to various market segments, including luxury boutique hotels with THE Park, THE Park Collection, and upper midscale categories with Zone by The Park, Zone Connect by The Park, and the economy brand Stop by Zone. The company has a significant presence across major Indian cities and is expanding into new locations.