Leela Hotels (Schloss Bangalore) IPO Day 1: Check GMP, Subscription Status & Key Highlights
The public offering of Schloss Bangalore Ltd, Leela Hotels' IPO bidding started today, May 26, 2025, and will conclude on May 28, 2025. Prior to the IPO opening, the company had already raised ₹1,575 crores from anchor investors.
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 offer for sale of 2.30 crore shares. The price band is set between ₹85 to ₹90 per share. The basis of allotment will be finalised by May 29, 2025, and the tentative listing date on BSE and NSE is June 2, 2025.
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 |
Utilisation of IPO Proceeds
The company will not receive any proceeds from the “Offer Proceeds”; it will be received by the respective Selling Shareholders in proportion to the Equity Shares offered.
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, namely Schloss Chanakya, Schloss Chennai, Schloss Udaipur and TPRPL.
Leela Hotels IPO GMP Details
As of 26 May 2025, Leela Hotels' IPO's GMP stood at ₹15. The expected listing gain is ₹450, i.e., a 3.45% gain per share over the upper price band.
Source: Business Standard Report dated 26 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 owns, operates, manages, and develops luxury hotels and resorts under the “The Leela” brand. It comprises 3,553 keys across 13 operational hotels, including The Leela Palaces, The Leela Hotels, and The Leela Resorts.
Travel + Leisure World's Best Awards Surveys ranked “The Leela” #1 among the world’s best hospitality brands in 2020 and 2021 and 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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