Park Hotels IPO, valued at ₹920 crore, comprises ₹600 crore in fresh equity shares and ₹320 crore in offer-for-sale. With a grey market premium of +34, indicating a ₹34 premium, the IPO opened on February 5 and closes today.
Retail and non-institutional investors have shown keen interest, driving the subscription status to 2.53 times on day one and 5.82 times on day two and today is last day to subscribed. This fervent response underscores growing investor confidence in the hospitality sector.