Park Hotels IPO: Check status, GMP, listing date and other details

Following stellar response for the IPO, Park Hotels allotment will likely be finalised today. The issue was subscribed nearly 60 times at close. The part reserved for institutional investors was subscribed the most at 75 times, followed by non-institutional investors at 52 times and qualified institutional buyers at 30 times.

Investors can check the status of their share allotment on the BSE or even by logging in to the registrar website.

Firstly, here's how you can know the status on BSE


Step 1: Visit the BSE Website

Step 2: Please select the issue name, that is the company's name in the drop down.

Step 3: Enter the application number or PAN number to check the allotment status.

To check the status of Park Hotels allotment through the registrar, which is Link InTime India in this case, kindly follow the below steps.

Step 1: Visit the Link InTime India website

Step 2: Select Park Hotels IPO

Step 3: Enter the PAN details and click search to know the status

Park Hotels IPO GMP

In the unlisted market, the company's shares are trading with a premium of Rs 35.

Park Hotels is eighth largest amongst hotel chains with asset ownership in India. It operates hospitality assets under its own brands, The Park, The Park Collection, Zone by Park among others.

It has a long-standing expertise of over five decades in the hospitality business of owning and operating hotels. It operates 27 hotels across luxury boutique upscale brands, and upper midscale category. The company operates 80 restaurants, night clubs and bars, offering a wide selection of culinary experiences within its hotels, as of March 2023. The sale of food and beverages, together with sale of wine and liquor contributed Rs 228 crore to total income in FY23.

Proceeds from the fresh issue are proposed to be utilised towards repayment of debt in part or full and other general corporate purposes.

For the six months ended September 2023, the company has reported revenue growth of 14% to Rs 272 crore. Profit after tax increased 24% to Rs 22.9 crore.

Park hotels recorded RevPAR of approximately Rs 557 crore, an occupancy rate of 91.77% and average room per revenue of Rs 6070 for the year ended March 2023.

JM Financial, Axis Capital, ICICI Securities are acting as the book running lead managers to the issue, while Link Intime India is the registrar.

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