Leela Hotels (Schloss Bangalore) IPO Day 2: Check GMP, Subscription Status & Key Highlights
Today is Day 2 of the Leela Hotels (Schloss Bangalore) IPO, which opened yesterday, 26 May 2025. The bidding window will close on May 28, 2025. The company aims to raise ₹3,500 crores through a combination of fresh issue and offer for sale.
Leela Hotels IPO: Issue Details
The 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. Allotment results will be out on May 29, 2025, and the tentative listing date on BSE and NSE is June 2, 2025.
Leela Hotels IPO Day 2 Subscription Status
[27-May-2025 5:00:00 PM]
|
Investor Category |
Subscription (Times) |
|
Qualified Institutional Buyers(QIBs) |
0.11 |
|
Non-Institutional Investors |
0.11 |
|
Retail Individual Investors(RIIs) |
0.41 |
|
Total |
0.17 |
Leela Hotels IPO Day 1 Subscription Status
[26-May-2025 5:00:00 PM]
|
Investor Category |
Subscription (Times) |
|
Qualified Institutional Buyers(QIBs) |
0.03 |
|
Non-Institutional Investors |
0.03 |
|
Retail Individual Investors(RIIs) |
0.21 |
|
Total |
0.07 |
Read More : Leela Hotels (Schloss Bangalore) IPO Day 1 Subscription Status
Utilisation of IPO Proceeds
The net proceeds from the fresh issue will be used
- For general corporate purposes and
- To pay the company’s outstanding borrowings, including wholly owned Subsidiaries and step-down subsidiaries.
Leela Hotels IPO GMP Details
As of 27 May 2025, Leela Hotels' IPO's GMP stood at ₹12.5. The expected listing gain is ₹447.5, i.e., a 2.87% gain per share over the upper price band.
Source: Business Standard Report dated 27 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.
Leela Hotels Business Overview
Schloss Bangalore own, operate, manage and develop a chain of luxury hotels and resorts under “The Leela” brand. The company is one of the largest luxury hospitality companies by number of keys in India (as of March 31, 2025), including 3,553 keys across 13 operational hotels.
Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.
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