Apeejay Surrendra Park Hotels IPO GMP History
Apeejay Surrendra Park Hotels IPO has been listed on February 12, 2024 at a listing price of ₹186, against the issue price of ₹155 — a gain of ₹31 (+20%). The GMP peaked at ₹65 on 5 February 2024 and reached a low of ₹30 on 1 February 2024. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Apeejay Surrendra Park Hotels IPO raised ₹920 Cr. through its IPO at a price band of ₹147 to ₹155 per share, with a lot size of 96 shares. The IPO was open for subscription from 05 Feb 2024 to 07 Feb 2024.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 10 Nov, 6:31 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 10 Feb 2024 | ₹ 40 | — | 26% | — | — |
| 09 Feb 2024 | ₹ 40 | — | 26% | — | — |
| 08 Feb 2024 | ₹ 40 | ▲ | 26% | — | — |
| 07 Feb 2024 | ₹ 35 | ▼ | 23% | — | — |
| 06 Feb 2024 | ₹ 40 | ▼ | 26% | — | — |
| 05 Feb 2024 | ₹ 65 | ▲ | 42% | — | — |
| 03 Feb 2024 | ₹ 55 | ▲ | 35% | — | — |
| 02 Feb 2024 | ₹ 40 | ▲ | 26% | — | — |
| 01 Feb 2024 | ₹ 30 | — | 19% | — | — |
Apeejay Surrendra Park Hotels IPO dates
Key dates from opening to listing. Today is 12 November.
- Open 05 Feb 2024
- Close 07 Feb 2024
- Allotment 08 Feb 2024
- Refund/credit 09 Feb 2024
- Listing 12 Feb 2024
Apeejay Surrendra Park Hotels IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹155 |
|---|---|
| GMP-based estimate (pre-listing) | ₹195 (+25.8%) |
| Listing gain / loss | +₹31 per share |
| Listing date | 12 Feb, 2024 |
| Actual listing price | ₹186 (+20%) |
Is Apeejay Surrendra Park Hotels IPO GMP reliable?
Grey market premium for Apeejay Surrendra Park Hotels IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Apeejay Surrendra Park Hotels IPO full review for a fundamentals-based assessment before making any grey market trades.
Apeejay Surrendra Park Hotels IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Apeejay Surrendra Park Hotels IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Apeejay Surrendra Park Hotels IPO
Apeejay Surrendra Park Hotels Limited was incorporated as Budget Hotels Private Limited in Karnataka on 27 November 1987. As per Horwath HTL, it is the eighth largest asset-owning hotel chain in India by chain-affiliated room inventory as of 30 September 2023.
It runs hotels under its own brands THE PARK, THE PARK Collection, Zone by The Park, Zone Connect by The Park and Stop by Zone, with over 55 years in the hospitality business. It operates 30 hotels, of which 7 are owned, 3 leased and 20 managed, across luxury boutique, upscale and upper midscale categories.
It also has a presence in retail food and beverage through its brand Flurys.
The IPO was Rs 920 crore, with Rs 600.02 crore of fresh issue and Rs 319.98 crore of offer for sale by promoter group entity Apeejay Private Limited and investor RECP IV Park Hotel Investors. Rs 550.00 crore was planned for repaying borrowings.
Frequently asked
What is the GMP of Apeejay Surrendra Park Hotels IPO?
The current Grey Market Premium (GMP) of Apeejay Surrendra Park Hotels IPO is ₹ 40.
What is the Kostak Price of Apeejay Surrendra Park Hotels IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Apeejay Surrendra Park Hotels IPO is not available.
What is the Subject to Sauda Price of Apeejay Surrendra Park Hotels IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of Apeejay Surrendra Park Hotels IPO?
Apeejay Surrendra Park Hotels IPO listed on February 12, 2024 at ₹186, against the issue price of ₹155 — a gain of +20%.
How did the GMP of Apeejay Surrendra Park Hotels IPO trend before listing?
The GMP of Apeejay Surrendra Park Hotels IPO was stable in its final days before listing. The GMP peaked at ₹65 on 5 February 2024. View the day-wise table above for the complete GMP history.
Explore Apeejay Surrendra Park Hotels IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
