Apeejay Surrendra Park Hotels has raised over Rs 409 crore ahead of its IPO. The company’s board of Directors have allotted over 2.64 crore equity shares to 37 anchor investors, including domestic mutual funds. The highest allocation has been made to Nippon Life India Trustee Ltd-A/C Nippon India Small Cap Fund. The Rs 920 crore IPO comprises fresh issue of equity shares and offer for sale by promoter group entity Apeejay Pvt Ltd. Park Hotels operates 27 hotels across upscale and upper-midscale categories.
Tech View: Minor pullback rally likely in Nifty, crucial resistance at 24,750. How to trade on Monday
Tejas Shah, Technical Research Analyst at JM Financial & BlinkX, noted that Nifty has support at 24,100 and 24,000, with immediate resistance at 24,450-500 and