Leela Hotels IPO listing date today. GMP, analysts signal a muted share debut in Indian stock market
Leela Hotels IPO was launched on May 26 and concluded on May 28. The IPO allotment was fixed on 29 May, and the Leela Hotels IPO listing date is today, 2 June 2025, Monday. Leela Hotels shares will be listed on both the stock exchanges - BSE and NSE.
'Trading Members of the Exchange are hereby informed that effective from Monday, June 2, 2025, the equity shares of Schloss Bangalore Limited shall be listed and admitted to dealings on the Exchange in the list of 'B' Group of Securities,' a notice on BSE said.
Leela Hotels shares will be a part of Special Pre-open Session (SPOS) on Monday, June 2, 2025, it added, and the shares will be available for trading from 10:00 AM.
Ahead of the Leela Hotels IPO listing today, investors watch out for the trends in grey market premium (GMP) to gauge the estimated listing price. Leela Hotels IPO GMP today and analysts signal a flat listing for the shares.
Leela Hotels shares were showing a muted trend in the unlisted market ahead of listing. Leela Hotels IPO GMP today is ₹ 2 per share, according to stock market experts. This signals that in the grey market, Leela Hotels shares are trading higher by ₹ 2 than their issue price.
Considering the Leela Hotels IPO GMP today, the estimated listing price of Leela Hotels shares would be ₹ 437 apiece, which is at a 0.5% premium to the IPO price of ₹ 435 per share.
Analysts also expect Leela Hotels share price to see a muted listing in the Indian stock market today. Leela Hotels shares listing is being done on BSE and NSE.
'Given the decent subscription levels amid muted market sentiment, we anticipate a flat listing for Schloss Bangalore Ltd (Leela Hotels). However, we view the company as a compelling long-term play, aligned with the structural growth in India's luxury hospitality and tourism sector,' said Prashanth Tapse, Sr VP Research – Research Analyst at Mehta Equities Ltd.
Mahesh Ojha, AVP - Research and Business Development, Hensex Securities Pvt Ltd, noted that the weak demand and flat activity suggest that any listing gains are likely to be limited.
'Although the company has demonstrated strong revenue growth and healthy profit margins, the elevated pricing leaves little scope for immediate upside. After the listing, investors should approach cautiously those interested in long-term investment and confident in the luxury hotel sector's potential can consider holding, but short-term investors should moderate their expectations. It's advisable not to chase listing gains and instead focus on the company's fundamentals before making further decisions,' Ojha said.
The bidding for Leela Hotels IPO commenced on May 26 and concluded on May 28. The IPO allotment date was 29 May, and Leela Hotels IPO listing date is today, 2 June 2025. Leela Hotels shares will be listed on BSE and NSE.
Leela Hotels IPO price band was set at ₹ 413 to ₹ ₹ 435 per share. The company raised ₹ 3,500 crore from the public issue which was a combination of fresh issue of 5.75 crore equity shares worth ₹ 2,500 crore and an offer-for-sale (OFS) component of 2.30 crore shares aggregating to ₹ 1,000 crore.
The public issue was subscribed 4.50 times in total, NSE data showed. The public issue was subscribed 0.83 times in the retail category, 7.46 times in the Qualified Institutional Buyers (QIB) category, and 1.02 times in the Non Institutional Investors (NII) segment.
JM Financial, Bofa Securities India, Morgan Stanley India Company, JP Morgan India, Kotak Mahindra Capital Company, Axis Capital, Citigroup Global Markets India, IIFL Securities, Motilal Oswal Investment Advisors, SBI Capital Markets are the book running lead managers of the Leela Hotels IPO, while Kfin Technologies is the IPO registrar.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hans India
29 minutes ago
- Hans India
Autodesk launches regional data offerings in India, enabling local data storage
New Delhi: San-Francisco headquartered Autodesk on Thursday announced the expansion of its regional data offerings to India, enabling businesses and public sector organisations to store their data within the country. The move enables enterprises, particularly those in regulated sectors such as infrastructure, government, and utilities, to select India as their primary data storage location when utilising Autodesk's cloud collaboration tools. "The newly introduced India-based regional storage offering will empower businesses and public institutions to harness the full potential of cloud-powered design and construction, while delivering international standards of data integrity and performance. "India is a strategic growth market for Autodesk, and we are launching focused initiatives to offer tailored design and make solutions suiting the Indian realities," said Kamolika Peres Gupta, Vice President, India and SAARC, Autodesk. The India-based data storage capability applies to products including Autodesk Docs, Autodesk BIM Collaborate, and Autodesk BIM Collaborate Pro. The regional offerings are supported by Amazon Web Services (AWS) infrastructure in India. With this launch, India joins other regions, including the United States, the European Union, Australia, the United Kingdom, Germany, Japan, and Canada, where Autodesk provides regional data storage options.
Hindustan Times
29 minutes ago
- Hindustan Times
Lord's Mark Industries Ltd Prepares for BSE Market Entry, Eyes NSE Listing and Worldwide Business Expansion
Lord's Mark Industries Ltd, a prominent and rapidly growing Indian conglomerate with business interests spanning healthcare, diagnostics, renewable energy, and cutting-edge technology, is poised to make its mark on the capital markets with an upcoming listing on the Bombay Stock Exchange (BSE). This milestone move reflects the company's strategic ambition to elevate its presence, not just within India, but across global business landscapes. Lord's Mark Industries Ltd Prepares for BSE Market Entry This listing follows the company's recent National Company Law Tribunal (NCLT) clearance for the merger with Lord's Mark India Ltd (formerly Kratos Energy and Infrastructure Ltd) — a significant development that is reshaping the group's business trajectory. The merger is designed to unlock operational efficiencies, enabling greater resource optimisation, streamlined management, and robust expansion into new verticals. Beneficial Share Swap for Investors - As part of the merger structure, shareholders of Lord's Mark Industries Ltd will be entitled to a share swap ratio of 1:1.25. For every share held in Lord's Mark Industries Ltd, investors will receive 1.25 shares in the newly consolidated Lord's Mark India Ltd. This favourable ratio underscores the company's commitment to creating value for its shareholders and supports the vision of building a stronger, more dynamic corporate entity. Strong Global Investor Backing and Strategic Partnerships - The announcement of the BSE listing has also been accompanied by significant interest from international investors, demonstrating robust confidence in Lord's Mark Industries' diversified business approach, resilience, and forward-looking strategies. Notably, the company has received a high-value proposal for a global partnership concerning its Medtech product line—a flagship portfolio in the green energy segment. This partnership is poised to accelerate the company's international reach and solidify its standing as a key player in the renewable energy market. Capital Market Journey: BSE Launch, NSE on the Horizon - The BSE listing serves as the launchpad for Lord's Mark Industries' wider capital market journey. With eyes set on further growth, the company has initiated plans to pursue a listing on the National Stock Exchange (NSE) within the next six months. This dual-exchange presence is anticipated to boost stock liquidity, expand the investor base, and enhance visibility among both domestic and foreign institutional investors. The NSE listing will also offer better price discovery and increased access to capital — factors that are crucial for the company's future growth plans. To know more visit: Note to the Reader: This article is part of Hindustan Times' promotional consumer connect initiative and is independently created by the brand. Hindustan Times assumes no editorial responsibility for the content.
The Hindu
29 minutes ago
- The Hindu
Centre promises to discuss restrictions on areca-based biodegradable plates by US
Union Ministry of Commerce and Industry has assured help to experts from Karnataka who had sought the Centre's intervention over the restrictions imposed by US authorities on the import of areca leaf sheath-based biodegradable dinnerware. The United States Food and Drug Administration (FDA) had issued an import alert on May 8, imposing restrictions on biodegradable dinnerware made from arecanut leaf sheaths, including plates, cups, and related products. This had caused concern among scientists, experts, medical professionals and academicians from the areca growing areas of the State, as it would affect the prospects of areca farmers as well as entrepreneurs, since Karnataka is leading the country in these products. Over 100 people had written to the Centre on May 26 seeking Prime Minister Narendra Modi's intervention to lift the U.S. restrictions on biodegradable dinnerware. In the letter, the experts had alleged that such restrictions had been imposed based on ambiguous and unsubstantiated claims that naturally occurring alkaloids in the areca leaf sheath may migrate into food and may pose health risks. They said that the restrictions would undermine a culturally significant eco-friendly industry, and affect thousands of Indian entrepreneurs and farmers. Responding positively, the Union Ministry of Commerce and Industry has replied on July 1 to one of them – Darshan, a biotechnologist hailing from the State's areca-growing region, who was co-ordinating with experts. 'With regard to your representation concerning the restrictions imposed by U.S. FDA on areca leaf sheath-based biodegradable dinnerware, the government of India is engaging with the US authorities to address various non-tariff issues faced by Indian exporters accessing the US market,' states the official letter. 'The government remains committed to safeguarding the interests of India's sustainable industries and promoting fair, transparent, and non-discriminatory trade policies and is fervently promoting 'Mission LiFE' to promote environmentally conscious industries,' it stated, referring to the India-led global mass movement to nudge individual and community action to protect and preserve the environment Earlier, in their letter to the Centre, the experts had drawn attention to the sizeable global market share of areca-based dinnerware, which is currently valued at approximately ₹3,500 crore, and a number that is projected to double by 2030. Indicating Karnataka's prime position in exports of such products, they had said that around 1,000 metric tonnes of areca leaf dinnerware have been exported from New Mangalore Port of Karnataka, primarily to the US, as well as to Germany, the UK, Australia, Netherlands, and Canada.
