Leela Hotels IPO Listing Today: What GMP Signals Ahead Of BSE, NSE Debut On Monday
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Leela Hotels IPO GMP: The Leela Hotels IPO received a 4.72 times subscription, with a bidding of 20,87,17,330 shares against the offered shares of 4,42,52,875.
Leela Hotels IPO GMP: The shares of Leela Hotels IPO (Schloss Bangalore Ltd) are set to debut on Monday, June 2, on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). The allotment was finalized on May 29. The listing will occur at 10 AM on both exchanges.
The Leela Hotels IPO received a 4.72 times subscription, with a bidding of 20,87,17,330 shares against the offered shares of 4,42,52,875. The retail and NII participation stood at 0.87 times and 1.08 times, respectively. Its qualified institutional buyer (QIB) category got a 7.82 times subscription.
Let's see what GMP indicates ahead of the listing today (listing price prediction).
According to various market observers, the current grey market premium of the Leela Hotels IPO indicates a muted listing. The expected listing of IPO would take place at a premium of just 1 per cent around Rs 439, from the upper price band of Rs 435 per share.
Leela Hotels IPO Details
The three-day subscription window opened between May 26 and May 28. The IPO aimed to raise Rs 3,500 crore, with Rs 2,500 crore from a fresh issue and Rs 1,000 crore from an OFS. The raising amount is down from earlier planned of Rs 5000 crore. The price band for the issue was set at Rs 413 to Rs 435 per share, with a minimum bid quantity of 34 shares, which translates to a minimum investment of Rs 14,790 at the upper end of the price band for retail investors.
A Step-By-Step Guide To Check Allotment Status
2) Under 'Issue Type', select 'Equity'.
3) Under 'Issue Name', select 'Schloss Bangalore Ltd' in the dropbox.
4) Enter your application number, or the Permanent Account Number (PAN).
5) Then, click on the 'I am not a robot' to verify yourself and hit the 'Search' option.
Your share application status will appear on your screen.
You can also visit directly on the registrar Kfin Technologies' portal — https://ipostatus.kfintech.com/ and check the Leela Hotels IPO allotment status.
The allotment status can also be checked on the NSE's website at https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids.
Leela Hotels IPO Objectives
Leela Hotels plans to utilise Rs 2,500 crore from the fresh issue for the following purposes:
– Repayment of outstanding borrowings: Approximately Rs 2,300 crore will be used to repay/pre-pay certain borrowings of the company and its subsidiaries.
– General corporate purposes: A portion of the IPO proceeds will be allocated for general corporate purposes, not exceeding 25% of the gross proceeds.
Leela Hotels Financials
Schloss Bangalore Limited's financial performance shows a 15% increase in revenue and a significant 2341% rise in profit after tax (PAT) between the financial years ending March 31, 2024, and March 31, 2025.
As of March 31, 2025, the company's assets stood at Rs 8,266.16 crore, with revenue at Rs 1,406.56 crore and PAT at Rs 47.66 crore. The company's net worth improved to Rs 3,604.99 crore, and its total borrowings were Rs 3,908.75 crore. Leela Hotels operates 3,553 keys across 13 hotels under The Leela Palaces, Hotels, and Resorts, with a strategic presence in 10 key destinations in India, covering a significant portion of international and domestic air traffic in FY 25.
Leela Hotels Promoters
Project Ballet Bangalore Holdings (DIFC) Pvt Ltd, BSREP III Joy (Two) Holdings (DIFC) Limited, BSREP III Tadoba Holdings (DIFC) Pvt Ltd, Project Ballet Chennai Holdings (DIFC) Pvt Ltd, Project Ballet Gandhinagar Holdings (DIFC) Pvt Ltd, Project Ballet HMA Holdings (DIFC) Pvt Ltd and Project Ballet Udaipur Holdings (DIFC) Pvt Ltd are the company promoters.
Leela Hotels
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.
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First Published:
June 02, 2025, 07:53 IST
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