Leela Hotels (Schloss Bangalore) IPO Day 3: Check GMP, Subscription Status & Key Highlights
The ₹3500 crore Leela Hotels (Schloss Bangalore) IPO opened on May 26, 2025 is scheduled to close today, 28 May 2025.
Leela Hotels IPO: Issue Details
- Issue Size: 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.
- Minimum Investment: The minimum investment for retail investors is one lot, which comprises 34 shares and requires an investment of ₹14,790.
- Book-running lead managers: The company has appointed 11 book-running lead managers, namely JM Financial Limited, BofA Securities India Limited, Morgan Stanley India Company Private Limited, J.P. Morgan India Private Limited, Kotak Mahindra Capital Company Limited, Axis Capital Limited, Citigroup Global Markets India Private Limited, IIFL Capital Services Limited, ICICI Securities Limited, Motilal Oswal Investment Advisors Limited, and SBI Capital Markets Limited.
- Registrar: KFin Technologies Limited
- Listing: The shares are proposed to be listed on the NSE and the BSE.
Leela Hotels IPO Day 3: Subscription Details
[28-May-2025 5:21:00 AM]
|
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
Utilisation of IPO Proceeds
The company aims to use the net proceeds from the fresh issue towards the following objectives.
- Pay outstanding borrowings of the company and its wholly owned Subsidiaries and step-down subsidiaries.
- General corporate purposes
Leela Hotels IPO GMP Details
As of 28 May 2025, Leela Hotels' IPO's GMP stood at ₹12.5. The expected listing price is ₹439.5, i.e., a 1.03% gain per share over the upper price band.
Source: Business Standard Report dated 28 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 manages and operates a chain of luxury hotels and resorts under the “The Leela” brand. It is ranked #1 among the world’s best hospitality brands in 2020 and 2021 and is positioned among the world’s top three hospitality brands in 2023 and 2024.
Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.
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