The basis of allotment for Leela Hotels (Schloss Bangalore) IPO will be announced today, 29 May 2025. The bidding window was open from May 26, 2025, to May 28, 2025, during which the IPO received 20,85,83,506 bids against 4,66,10,169 total shares offered.
Leels Hotels IPO is a book-built issue of ₹3,500 crores, combining a fresh issue of 5.75 crore shares and an offer for sale of 2.30 crore shares. The price band is set between ₹85 to ₹90 per share.
[28 May, 2025, End of the day]
Investor Category |
Subscription (Times) |
Qualified Institutional Buyers(QIBs) |
7.46 |
Non-Institutional Investors |
1.02 |
Retail Individual Investors(RIIs) |
0.83 |
Total |
4.50 |
Also Read : Leela Hotels (Schloss Bangalore) IPO Day 1 Subscription Status
Leela Hotels (Schloss Bangalore) IPO Day 2 Subscription Status
Leela Hotels (Schloss Bangalore) IPO Day 3 Subscription Status
The net proceeds from the fresh issue will be used for general corporate purposes and to pay the company’s outstanding borrowings.
As of 29 May 2025, Leela Hotels' IPO's GMP stood at ₹6. The expected listing gain is ₹441, i.e., a 1.38% gain per share over the upper price band.
Source: Business Standard Report dated 29 May, 2025
Disclaimer: The GMP (Grey Market Premium) price is an unauthenticated market related news and has no discernible basis. The same quoted above is as per news appeared in the media report and is for information purposes only. The investor shall do their own study/research before using the same for taking any decision to invest. We neither engage in, trade, or deal in the grey market nor we recommend or endorse trading in the grey market.
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