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Park Hotels IPO opens today. Should you subscribe to the issue?
Park Hotels IPO, comprising a fresh issue of equity shares and an offer for sale, opens for subscription today. The issue has a price band of Rs 147-155 per share. The IPO will be available for investors to bid till February 7. The company has already raised Rs 920 crore from marquee anchor investors. Analysts recommend subscribe rating to the IPO due to the company's marquee hotels portfolio, brand reputation, and fair valuations.