Latest news with #Pre-open
Mint
3 days ago
- Business
- Mint
Leela Hotels IPO listing date today. GMP, analysts signal a muted share debut in Indian stock market
Leela Hotels IPO Listing: The equity shares of Schloss Bangalore Ltd, the operator of the luxury hotels brand 'The Leela' in India, are set to make their debut in the Indian stock market today after the recently concluded initial public offering (IPO). Leela Hotels IPO listing date is today, 2 June 2025. 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.
Mint
27-05-2025
- Business
- Mint
Borana Weaves Share Price Live: GMP, experts hint strong share debut on the stock exchanges today
Borana Weaves Share Price Live: Borana Weaves shares are scheduled to be listed on Indian stock exchanges today after the firm's initial public offering (IPO) closed on May 22. Borana Weaves IPO was open for subscription from May 20 . The Borana Weaves IPO listing date is set for today, May 27. Borana Weaves shares will be available on both the BSE and NSE stock exchanges. Trading Members of the Exchange have been informed that starting Tuesday, May 27, 2025, the equity shares of BORANA WEAVES LTD will be listed and permitted for trading on the Exchange under the 'T' Group of Securities, as per a notice from BSE. For a period of 10 trading days, Borana Weaves shares will be part of the Trade-for-Trade segment. Additionally, the shares will be included in the Special Pre-open Session (SPOS) on Tuesday, May 27, 2025, as mentioned in the notice. Borana Weaves shares will be accessible for trading starting at 10:00 AM on both BSE and NSE. Borana Weaves Limited is a manufacturer of unbleached synthetic grey fabric based in Surat, Gujarat. The company's unbleached synthetic grey fabric is often used as a base for further processing, including dyeing and printing, across various industries such as fashion, traditional textiles, technical textiles, home decor, and interior design. According to Mahesh AVP Research and Business Development, Hensex securities Pvt Ltd, Borana Weaves has indeed seen a strong response from all categories of investors particularly the NIIs and retail segment. Given the strong subscription numbers and a current grey market premium of ₹ 35, we're looking at a potential listing around ₹ 251, which is about a 16% gain over the issue price of ₹ 216. Let's check what does Borana Weaves IPO GMP today signal ahead of listing. Borana Weaves IPO grey market premium is +43. This indicates Borana Weaves share price were trading at a premium of ₹ 43 in the grey market, according to Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Borana Weaves share price was indicated at ₹ 259 apiece, which is 19.91% higher than the IPO price of ₹ 216. According to the grey market activities from the past 15 sessions, the current IPO GMP is on the rise, anticipating a robust listing. The minimum GMP recorded is ₹ 0.00, while the maximum GMP reaches ₹ 63, as per the insights from experts. 'Grey market premium' indicates investors' readiness to pay more than the issue price. Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decisions.
