Park Hotels IPO opens. Should you subscribe to the issue?
The Park Hotels IPO, with a subscription period till February 7, has opened for investors. The company has already raised Rs 409 crore from anchor investors. The IPO includes a fresh issue of equity shares worth Rs 600 crore and an offer for sale of Rs 320 crore. The price band for the IPO is set at Rs 147-155 per share. Analysts recommend subscribing to the IPO due to the company's strong hotel portfolio, brand reputation, and fair valuations.
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