The total offer size of Equity Shares aggregating up to ₹ 9,200 million [₹ 920 crores] comprises fresh issues aggregating up to ₹ 6,000 million [₹ 600 crore] and Offer for Sale aggregating up to ₹ 3,200 million [₹ 320 crore] by Selling Shareholders. (“The Total Offer Size”).
The Anchor Investor Bidding Date shall be Friday, February 2nd, 2024. The Bid/Offer will open on Monday, February 5th, 2024 for subscription and will close on Wednesday, February 7th, 2024.
The Price Band of the Offer has been fixed at₹ 147 to ₹ 155 per Equity Share. Bids can be made for a minimum of 96 Equity Shares and in multiples of 96 Equity Shares thereafter.
The Company proposes to utilize net proceeds from the fresh issue of Equity Shares towards repayment/ prepayment, in full or in part of certain outstanding borrowings availed by the Company, and the balance amount towards general corporate purposes ( “Object of Issue”).
The offer for sale comprises of sale of Equity shares aggregating up to ₹ 2,960.00 million [₹ 296 crore] by Apeejay Private Limited (the “Promoter Group Selling Shareholder”), up to ₹ 230.00 million [₹ 23 crore ] by RECP IV Park Hotel Investors Ltd and up to ₹ 10.00 million [₹ 1 crore] by RECP IV Park Hotel Co-Investors Ltd (the “Investor Selling Shareholders”).
JM Financial Limited, Axis Capital Limited, and ICICI Securities Limited are the Book Running Lead Managers or BRLMs to the Issue.
These equity Shares are being offered through the red herring prospectus of the Company dated January 29, 2024 (the “RHP”) filed with the Registrar of Companies, West Bengal at Kolkata (the “RoC”) and are proposed to be listed on the BSE Limited (“BSE”) and the National Stock Exchange of India Limited (“NSE”).
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