Apeejay Surrendra Park Hotels IPO - Has Bounced Back Strongly, at a Decent Discount
Apeejay Surrendra Park Hotel (PARK IN) (ASPH) plans to raise up to US$111m via selling a mix of primary and secondary shares in its India IPO.
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Apeejay Surrendra Park Hotels (PARKHOTE IN)
Apeejay Surrendra Park Hotels (PARKHOTE IN)
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Analysis
Consumer Discretionary • India
Apeejay Surrendra Park Hotels Ltd. is a prominent player in the Indian boutique hospitality sector, known for pioneering luxury boutique hotels in India since 1967. The company operates a diversified portfolio of hotels across luxury, upscale, and upper midscale segments under brands like THE Park, THE Park Collection, Zone by The Park, Zone Connect by The Park, and Stop by Zone. It also has a significant presence in the food and beverage retail sector through its iconic brand, Flurys. The company was founded in 1967 and is headquartered in Kolkata, West Bengal, India.
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