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Economic Times
4 days ago
- Business
- Economic Times
The Leela Hotels, Aegis Vopak Terminals shares surge up to 10% post listing. What should investors do now?
Shares of Aegis Vopak Terminals and The Leela Hotels (Schloss Bangalore) rebounded up to 10% on the BSE after a weak listing on Monday. ADVERTISEMENT Aegis Vopak Terminals listed at Rs 220, a 6.4% discount to its IPO price of Rs 235. However, the stock quickly bounced back, hitting the 10% upper circuit at Rs 241.95. Schloss Bangalore, which owns and operates luxury properties under the iconic "The Leela" brand, debuted at Rs 406 on the NSE and Rs 406.50 on the BSE, a discount of about 6.6% from the issue price of Rs 435. It later surged nearly 7% to reclaim the IPO price level. Expert View"Aegis Vopak Terminals listed at a discount due to muted investor enthusiasm despite strong institutional backing. With the retail and HNI segments under-subscribed, concerns around valuation were evident. Long-term investors may wait for further consolidation before entering, given the company's robust expansion outlook," said Satish Chandra Aluri of Lemonn Markets The Leela Hotels, Aluri added, 'Despite the strength of its brand and institutional interest, retail and HNI participation remained weak. The flat grey market premium had already signaled a subdued listing. Valuation concerns continue to weigh on investor sentiment.' ADVERTISEMENT The IPO, entirely a fresh issue of 11.91 crore shares, was subscribed 2.09 times overall, driven by Qualified Institutional Buyers (QIBs), whose quota was subscribed 4.34 times. In contrast, the non-institutional investor (NII) and retail portions were subscribed just 0.32 and 0.70 times, respectively. Aegis Vopak Terminals is a joint venture between Aegis Logistics and Netherlands-based Royal Vopak. The company operates LPG and liquid storage terminals at five major Indian ports—Haldia, Kochi, Mangalore, Pipavav, and Kandla—with a total capacity of 1.5 million cubic meters for liquids and 70,800 MT for LPG. ADVERTISEMENT The Leela Hotels IPO comprised a fresh issue worth Rs 2,500 crore and an offer for sale of Rs 1,000 crore. The issue was subscribed 2.62 times overall, with QIBs bidding 4.34 times their allotment. Retail and HNI participation lagged at 0.70 and 0.32 times, by Brookfield-managed funds, the company owns five luxury hotels across Bengaluru, Chennai, New Delhi, Jaipur, and Udaipur. It also manages several other Leela-branded properties, with a total operational portfolio of 12 hotels and 3,382 keys, positioning it among India's largest luxury hospitality operators. ADVERTISEMENT Proceeds from the fresh issue will be used to repay borrowings at key group properties and for general corporate purposes. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
4 days ago
- Business
- Time of India
The Leela Hotels, Aegis Vopak Terminals shares surge up to 10% post listing. What should investors do now?
Shares of Aegis Vopak Terminals and The Leela Hotels (Schloss Bangalore) rebounded up to 10% on the BSE after a weak listing on Monday. Aegis Vopak Terminals listed at Rs 220, a 6.4% discount to its IPO price of Rs 235. However, the stock quickly bounced back, hitting the 10% upper circuit at Rs 241.95. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Why Seniors Are Snapping Up This TV Box, We Explain! Techno Mag Learn More Undo Schloss Bangalore, which owns and operates luxury properties under the iconic "The Leela" brand, debuted at Rs 406 on the NSE and Rs 406.50 on the BSE, a discount of about 6.6% from the issue price of Rs 435. It later surged nearly 7% to reclaim the IPO price level. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Expert View "Aegis Vopak Terminals listed at a discount due to muted investor enthusiasm despite strong institutional backing. With the retail and HNI segments under-subscribed, concerns around valuation were evident. Long-term investors may wait for further consolidation before entering, given the company's robust expansion outlook," said Satish Chandra Aluri of Lemonn Markets Desk. Live Events On The Leela Hotels, Aluri added, 'Despite the strength of its brand and institutional interest, retail and HNI participation remained weak. The flat grey market premium had already signaled a subdued listing. Valuation concerns continue to weigh on investor sentiment.' Aegis Vopak Terminals IPO Details The IPO, entirely a fresh issue of 11.91 crore shares, was subscribed 2.09 times overall, driven by Qualified Institutional Buyers (QIBs), whose quota was subscribed 4.34 times. In contrast, the non-institutional investor (NII) and retail portions were subscribed just 0.32 and 0.70 times, respectively. Aegis Vopak Terminals is a joint venture between Aegis Logistics and Netherlands-based Royal Vopak. The company operates LPG and liquid storage terminals at five major Indian ports—Haldia, Kochi, Mangalore, Pipavav, and Kandla—with a total capacity of 1.5 million cubic meters for liquids and 70,800 MT for LPG. The Leela Hotels IPO Details The Leela Hotels IPO comprised a fresh issue worth Rs 2,500 crore and an offer for sale of Rs 1,000 crore. The issue was subscribed 2.62 times overall, with QIBs bidding 4.34 times their allotment. Retail and HNI participation lagged at 0.70 and 0.32 times, respectively. Backed by Brookfield-managed funds, the company owns five luxury hotels across Bengaluru, Chennai, New Delhi, Jaipur, and Udaipur. It also manages several other Leela-branded properties, with a total operational portfolio of 12 hotels and 3,382 keys, positioning it among India's largest luxury hospitality operators. Proceeds from the fresh issue will be used to repay borrowings at key group properties and for general corporate purposes.
India.com
30-04-2025
- Business
- India.com
Akshaya Tritiya 2025: Will High Gold Prices Dent Sales Spirit? Expert Says THIS
New Delhi: Akshaya Tritiya, is considered an auspicious day for buying gold, silver and other metals. Gold prices are widely tracked in bullion market largely due to token purchases on the auspicious occasion of Akshaya Tritiya. This year Akshaya Tritiya faces life-time high prices of gold with the yellow metal recently touching Rs 1 lakh mark. The price of gold was at around Rs 73,500 for 10 grams. Silver too has jumped to Rs 1,00,000 per kilogram from Rs 86,000 per kilogram in 2023. Jewellers and experts opine that high prices have made some customers hesitant. Will spirit of Akshaya Tritiya be marred by the spiraling prices of the yellow metal this time? Satish Chandra Aluri, Lemonn Markets Desk told Zee News, "At these elevated price levels, retail demand for gold jewellery may moderate, as affordability becomes a concern. However, this is increasingly being offset by rising investment demand—particularly in gold coins, digital gold, etc." Gold prices are influenced by several global factors, including geopolitical developments, global growth trends, and inflation forecasts. Traditionally, gold acts as a hedge during times of uncertainty, with demand driven by a wide range of players—from institutional investors and central banks to retail buyers. Aluri adds, this year, gold has already surged to record highs, posting over 25% year-to-date gains, fueled by tariff shocks from former President Trump and related disruptions to global growth, along with rising geopolitical tensions. "While prices have slightly eased in recent days amid a temporary cooling of trade tensions, the medium-term outlook remains constructive. Global growth is expected to slow, and demand from central banks and institutional investors is likely to rise as they seek diversification away from the US dollar, which is under pressure due to evolving US policy," he says.
