JSA advised Apeejay Surrendra Park Hotels Limited (the “Company”) and the promoter group selling shareholder in relation to its initial public offering of equity shares aggregating to ₹ 9,200 million (the “IPO”) comprising a fresh issue of ₹ 6,000 million and an offer for sale by certain selling shareholders aggregating to ₹ 3,200 million.
As per news reports, the IPO was oversubscribed 59.66 times, with the QIB portion being oversubscribed 75.14 times, NII portion being oversubscribed 52.41 times and retail investors’ portion being oversubscribed 30.35 times.
The Book Running Lead Managers to the IPO were JM Financial Limited, Axis Capital Limited and ICICI Securities Limited.
Deal value: INR 9,200 million
Our Transaction Team Comprised Lead Partner – Madhurima Mukherjee Saha, Principal Associate – Shivali Singh, Senior Associate – Sagar Batra, Associate – Shristi Kanchan, Richa Prasad, Bhavya Upadhyay, and Sanat Goel.
Madhurima Mukherjee is a Partner at JSA and Head of the Capital Markets practice, with over 20 years of experience advising on India's most significant domestic and international securities offerings. Recognised as one of India's leading capital markets lawyers, she has advised on landmark IPOs, QIPs, rights issues, REITs, InVITs, block trades and strategic capital-raising transactions for top corporates, financial institutions, investors and government entities.