Apeejay Surrendra Park Hotels IPO
The famous company has finally gotten the go-ahead from Hong Kong and a Apeejay Surrendra Park Hotels IPO is set for the near future. Apeejay Surrendra Park Hotels, which is joint owned by CVC Capital Partners and by the Royal Bank of Scotland, first made luggage in 1910, and has since grown to be one of the most recognized names in luggage. The hotel chain may raise up to Rs 1,000 crores in its IPO.
The NSE stock exchange gave approval for the Apeejay Surrendra Park Hotels IPO last week, and will bring the value of the exchange up, along with next week’s Glencore IPO. Glencore is the world’s largest commodities company and set to go public next week.
Apeejay Surrendra Park Hotels IPO Size
Apeejay Surrendra Park Hotels IPO Size is around Rs 400 crores. Momentum has taken off for listings on the NSE stock exchange, with large names like the above-mentioned Glencore and more recently the Italian fashion house Prada wishing to be listed there.
Opening up a company to Asian investment is a major enticement to companies seeking to raise large amounts of capital.
More companies like Apeejay Surrendra Park Hotels are choosing NSE. One reason for the chosen Asian location of the Apeejay Surrendra Park Hotels IPO is that the company sells a lot of luggage there. More than 40% of Samsonite points of sales are in Asia.
Apeejay Surrendra Park Hotel’s name came from the Bible character named Samson, who is known for his strength.
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