HomeTravelThe Park Motels to launch INR 920 crore IPO on Feb 5;...

The Park Motels to launch INR 920 crore IPO on Feb 5; 56 accommodations in pipeline by 2026


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The IPO, with a complete provide measurement aggregating as much as INR 9,200 million [INR 920 crore], features a contemporary problem of Fairness Shares amounting to INR 6,000 million [INR 600 crore] and an Provide for Sale value INR 3,200 million [INR 320 crore] by Promoting Shareholders. The bidding window will stay open till Wednesday, February seventh, 2024, with the Anchor Investor Bidding Date set for Friday, February 2nd, 2024.

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