The Leela IPO allotment to be finalised today: How to check status, GMP and listing details
Investors who participated in the Rs 3,500 crore Schloss Bangalore IPO, the parent company of The Leela Palaces, Hotels and Resorts, will receive their allotment status today. The IPO, subscribed 2.62 times overall, saw strong interest from QIBs but a lukewarm response from retail investors. Shares are expected to list on BSE and NSE on June 2.
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How to check the Leela IPO Allotment on BSE
How to Check via KFin Technologies (Registrar):
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Investors who applied for the much-anticipated Rs 3,500 crore initial public offering (IPO) of Schloss Bangalore , the parent company behind The Leela Palaces, Hotels and Resorts, will know their allotment status today. The basis of allotment is expected to be finalised by the end of the day. The IPO opened for subscription on May 26 and closed on May 28, with shares expected to list on BSE and NSE on June 2.While the IPO received a lukewarm response from retail and non-institutional investors, the overall subscription stood at 2.62 times.The enthusiasm was largely driven by qualified institutional buyers (QIBs), who subscribed to their quota 4.34 times. In contrast, the retail portion was subscribed only 0.70 times and the NII segment was covered by just 0.32 times, suggesting lower retail confidence despite the popularity of The Leela brand.The subdued interest has also trickled down into the grey market. The latest grey market premium (GMP) for Schloss Bangalore shares stands at a mere Rs 2, implying a potential listing price of Rs 437 against the issue price of Rs 435 -- a modest expected gain of 0.46%.Those who do secure allotment can expect shares to be credited to their demat accounts by May 30. Refunds for unallocated applicants will also be initiated on the same day. The listing will take place on June 2.Visit: https://www.bseindia.com/investors/appli_check.aspx Select 'Equity' and 'Schloss Bangalore Limited' from the dropdown.Enter your PAN or application number.Click 'Search' to view your allotment status.Visit: https://ris.kfintech.com/ipostatus/ Choose 'Schloss Bangalore Limited IPO'Enter PAN, application number or DP/client IDClick 'Submit' to access statusSchloss Bangalore, backed by Brookfield, runs a portfolio of 12 luxury properties and operates under The Leela brand. The IPO proceeds will be used mainly for debt repayment across its owned hotels and subsidiaries, including properties in New Delhi, Chennai, Udaipur, and Jaipur, and for general corporate purposes.: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of Economic Times)
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