Leela Hotels IPO Vs Aegis Vopak Terminals IPO: What Does GMP Signal? Check Expectations, Listing Date
Last Updated:
Leela Hotels IPO Vs Aegis Vopak Terminals IPO: The two IPOs, which closed on May 28 with a muted response, are going to be listed on both BSE and NSE on Monday, June 2.
Aegis Vopak Terminals Ltd, a subsidiary of Aegis Logistics Ltd, and Schloss Bangalore Ltd, the owner of Leela Palaces Hotels and Resorts, are set to make their stock market debuts next week. The two IPOs, which closed on May 28 with a muted response from investors, are going to be listed on both BSE and NSE on Monday, June 2.
According to market observers, their grey market premiums (GMP), which indicate listing gain/ loss, are indicating flat or negative listing. The GMP of the Aegis Vopak Terminals IPO on Saturday, May 31, stood at just 0.64% and that of the Leela Hotels IPO at only 0.69%.
On the final day of bidding on Wednesday (May 29), the Leela Hotels IPO received a muted 4.72 times subscription, with a bidding of 20,87,17,330 shares against the offered shares of 4,42,52,875. The retail quota was not fully subscribed and received just 0.87 times subscription, while NII participation also remained low at 1.08 times. Its qualified institutional buyer (QIB) category got a 7.82 times subscription.
The Aegis Vopak Terminals IPO received a subdued 2.20 times subscription, with a bidding of 14,43,70,359 shares against the offered shares of 6,55,31,915. The retail and NII quotas were not fully subscribed and their participation stood at 0.81 times and 0.59 times, respectively. Its qualified institutional buyer (QIB) category got a 3.47 times subscription.
Founded in 1986, Schloss Bangalore is the parent company of the luxury hotel chain 'The Leela' in India, one of the largest luxury hospitality chains in the country in terms of the number of keys.
Aegis Vopak Terminals owns and operates storage tank terminals across India. These terminals provide secure storage facilities for liquids like petroleum, vegetable oil, lubricants, chemicals, and gases such as LPG, propane, and butane.
The GMPs of both the Leela Hotels IPO and the Aegis Vopak Terminals IPO remain low and are in line with the recent listing trends.
Last week, four companies — Borana Weaves, Belrise Industries, Dar Credit and Capital (NSE SME), and Unified Data Tech (BSE SME) — listed on stock exchanges on a weak note. They listed at gains of just 12.5%, 11.11%, 8.58%, and 4.4%, respectively.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
6 hours ago
- Time of India
RBI policy decision, key macroeconomic data, FII trends to steer stock markets this week: Analysts
AI-image NEW DELHI: The Reserve Bank of India 's upcoming interest rate decision, along with key macroeconomic data releases and global market cues, will play a pivotal role in determining equity market movements this week, according to market analysts. Marking the opening for June, market sentiment will also be shaped by trading patterns of Foreign Institutional Investors (FIIs) and developments on the tariff front, according experts quoted by PTI. "Looking ahead, all eyes will be on the outcome of the RBI's Monetary Policy Committee (MPC) meeting scheduled for June 6. Additionally, with the new month beginning, participants will track high-frequency data including auto sales numbers and other economic indicators. Updates on the progress of monsoon and the trend in FII flows will also be closely monitored," said Ajit Mishra, Senior Vice President, Research, Religare Broking Ltd. He added that fluctuations in the US bond market and updates on international trade negotiations will continue to impact global investor confidence. India's economy exceeded expectations in the final quarter of 2024–25, recording an annual growth rate of 6.5 per cent. This expansion raised the country's GDP to $3.9 trillion, positioning India to potentially surpass Japan as the world's fourth-largest economy in FY26. The January–March quarter alone saw a 7.4 per cent growth rate, marking a strong end to FY25. This robust performance was driven by higher consumer spending and notable gains in the construction and manufacturing sectors. Investors will also be closely watching the upcoming Purchasing Managers' Index (PMI) data for both manufacturing and services sectors. "This week, interest rate-sensitive sectors, particularly PSU banks, are likely to remain in focus amid growing hopes of an RBI rate cut. Additionally, the release of monthly auto sales and volume data could trigger sector-specific moves in the automobile space," said Siddhartha Khemka, Head of Research – Wealth Management, Motilal Oswal Financial Services Ltd. Last week, markets ended lower, with the BSE benchmark falling by 270.07 points or 0.33 per cent, and the NSE Nifty declining by 102.45 points or 0.41 per cent. Vinod Nair, Head of Research, Geojit Financial Services said, "The market is pricing in a 25 bps cut, which will improve the outlook for rate-sensitive sectors. The positive macroeconomic scripts can boost investor sentiments, but stability in the broader market will be contingent on strong earnings growth and receding trade tensions." Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
India Gazette
7 hours ago
- India Gazette
EaseMyTrip scouts for scalable businesses, seeks partners to invest and share brand value
New Delhi [India], June 1 (ANI): Online travel platform EaseMyTrip is looking to invest in Indian companies with high growth potential and a scalable business proposition, its Founder and Chairman Nishant Pitti indicated on Sunday. Pitti said the EaseMyTrip 2.0 story will be about growth in India's next big businesses. The multinational online travel company's founder said they are launching 'a strategic initiative' to partner with 'high-potential, scalable businesses' in areas like travel, wellness and beauty, financial products, insurance and assistance, airport services (lounges, meet and assist, baggage handling), experiences and lifestyle, education travel among others. Taking to his social media handle X, EaseMyTrip Founder and Chairman posted that the company is 'looking for founders who need working capital to grow and where the popular travel platform can take up to 49 per cent equity.' The equity stake in such companies will come with a clear objective of helping scale using EaseMyTrip's 3+ crore customer base, brand trust, and digital infrastructure, Pitti said. 'Founders retain operational control. We provide capital, distribution, and ecosystem support,' Pitti wrote on X. 'If you're building or built something exciting, send us: Business plan, Past performance records,3-year financial projections.' 'Let's scale together,' Pitti's X post concluded, as he put out an email ID of EaseMyTrip's Chief Strategy Officer Vikash Goyal for businesses to reach out. EaseMyTrip says it is India's fastest-growing and the only profitable Online Travel aggregator, which is 100 per cent bootstrapped and listed on NSE and BSE. EaseMyTrip commenced its operations in 2008 by focusing on the B2B2C (business to business to customer) distribution channel and providing travel agents access to its website to book domestic travel airline tickets in order to cater to the offline travel market in India. Subsequently, by leveraging its B2B2C channel, the company commenced operations in the B2C (business to customer) distribution channel in 2011 by primarily focusing on the growing Indian middle class population's travel requirements. It later commenced operations in the B2E (business to enterprise) distribution channel in 2013 with the aim of providing end-to-end travel solutions to corporates. (ANI)
&w=3840&q=100)
Business Standard
11 hours ago
- Business Standard
LIC tops PSUs chart with record Rs 19,013 crore profit in Q4FY25
State-owned Life Insurance Corporation of India (LIC) has emerged as the highest profit making company among PSUs in March quarter FY25, netting a little over Rs 19,000 crore. Last week, LIC reported 38 per cent jump in net profit for January-March FY25 at record Rs 19,013 crore as compared to Rs 13,763 crore in the corresponding quarter in the previous year. The insurance behemoth was followed by the country's biggest lender State Bank of India (SBI) with Rs 18,643 crore profit during the fourth quarter. However, SBI was ahead of LIC in terms of annual profit as it earned Rs 70,901 crore in FY25 as against Rs 48,151 crore of LIC. Among other PSUs, Coal India earned a net profit of Rs 9,604 crore in the quarter followed by Power Finance Corporation (PFC) earning Rs 8,358 crore and NTPC Rs 7,897 crore, as per the data available on stock exchanges. In the oil sector, Indian Oil Corporation (IOC) closed the fourth quarter with a net profit of Rs 7,265 crore followed by exploration giant ONGC at Rs 6,448 crore. Other Central Public Sector Enterprises (CPSEs) like REC Ltd posted a net profit of Rs 4,304 crore, Power Grid Corporation of India ( Rs 4,143 crore) and Steel Authority of India Ltd (Rs 1,251 crore). A day after the stellar performance of LIC, its shares jumped 8 per cent to settle at Rs 942.55 apiece on the BSE on May 28. During the day, it jumped 8.83 per cent to Rs 948. The company's market valuation climbed Rs 45,223.74 crore to Rs 5,96,162.66 crore. LIC's Assets Under Management (AUM) increased to Rs 54,52,297 crore as of March 31, 2025, as compared to Rs 51,21,887 crore on March 31, 2024, registering an increase of 6.45 per cent year-on-year. During the quarter, LIC's income from renewal premiums rose to Rs 79,138 crore compared to Rs 77,368 crore a year ago. At the same time, expenses of management came down to Rs 16,495 crore from Rs 24,709 crore in the same period a year ago. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
