Latest news with #SchlossBangaloreLtd
Time of India
a day ago
- Business
- Time of India
Leela hotels makes weak market debut, list 7% below IPO price
NEW DELHI: Luxury hotel chain Schloss Bangalore Ltd, which operates the iconic "The Leela" brand in India, made a subdued debut on the stock exchanges on Monday, listing at a discount of nearly 7% from its issue price. The stock listed at Rs 406 on the NSE and Rs 406.50 on the BSE , lower than the IPO issue price of Rs 435. The IPO was open for subscription from May 26 to May 28, with a price band of Rs 413 to Rs 435 per share. Despite strong brand value and expanding operations, investor sentiment remained cautious. The IPO, which was subscribed 4.5 times. As of May 2024, Schloss Bangalore operates 12 luxury properties across 10 Indian cities, with a total of 3,382 rooms under The Leela Palaces, Hotels, and Resorts. Indian benchmark indices Sensex and Nifty witnessed a sharp decline on Monday morning, influenced by negative trends across Asian markets and growing global trade worries. According to market analysts, the selling pressure intensified due to continued withdrawal of funds by foreign investors. The BSE Sensex index fell by 762.24 points to reach 80,688.77 during early trading hours. Similarly, the NSE Nifty declined by 212.25 points to 24,538.45. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
News18
a day ago
- Business
- News18
Leela Hotels' Shares List At 6.6% Discount: Should You Buy, Hold Or Sell?
Last Updated: Schloss Bangalore Ltd, owner of Leela Palaces Hotels and Resorts, debuts weakly on the stock market, listing at Rs 406 on NSE, which is 6.67% below IPO price. Leela Hotels IPO Listing: Schloss Bangalore Ltd, the owner of Leela Palaces Hotels and Resorts, on Monday made a weak stock market debut. On the NSE, shares of the company was listed at Rs 406 apiece, which was 6.67 per cent lower than the IPO price. On the BSE, the stock listed at a discount of 6.55 per cent at Rs 406.5 apiece. The IPO price was fixed at Rs 435 per share. The Leela Hotels IPO, which was open for public subscription between March 26 and March 28, 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 quota was not fully subscribed and received just 0.87 times subscription, while NII participation also remained low at 1.08 times. Its qualified institutional buyer (QIB) category got a 7.82 times subscription. Its grey market premiums (GMP), which indicate listing gain/ loss, already indicated a negative listing. Should You Hold, Buy or Sell? Most brokerage had mentioned that the IPO must with subscribed only with Caution and it is for high-risk, long-term investors. Bajaj Broking recommended the IPO for long-term view. First Published: June 02, 2025, 10:03 IST
News18
a day ago
- Business
- News18
Leela Hotels IPO Listing Today: What GMP Signals Ahead Of BSE, NSE Debut On Monday
Last Updated: 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 — and check the Leela Hotels IPO allotment status. The allotment status can also be checked on the NSE's website at 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. Stay updated with all the latest news on the Stock Market, including market trends, Sensex and Nifty updates, top gainers and losers, and expert analysis. Get real-time insights, financial reports, and investment strategies—only on News18. Location : New Delhi, India, India First Published: June 02, 2025, 07:53 IST News business » markets Leela Hotels IPO Listing Today: What GMP Signals Ahead Of BSE, NSE Debut On Monday
Mint
a day 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
3 days ago
- Business
- Mint
IPO GMPs: Leela Hotels IPO vs Aegis Vopak Terminals IPO - what grey market premium signals ahead of listing date?
Aegis Vopak Terminals, the provider of storage terminals for LPG and various liquid products, and 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 next week after a muted response to their initial public offerings (IPO). Aegis Vopak Terminals IPO listing date and Leela Hotels IPO listing date is June 2. The equity shares of Aegis Vopak Terminals and Leela Hotels will be listed on both the stock exchanges - BSE and NSE. Ahead of the IPO listings, investors gauge the trends in the grey market premiums (GMP) of both the shares to evaluate the estimated listing prices. Here's a look at what Aegis Vopak Terminals IPO GMP and Leela Hotels IPO GMP today signals ahead of listing. The trends for Aegis Vopak Terminals shares in the unlisted market remains muted. According to stock market observers, Aegis Vopak Terminals IPO GMP today is just ₹ 1.5 per share. This means that, in the grey market, Aegis Vopak Terminals shares are trading higher by ₹ 1.5 apiece than their issue price. Considering the Aegis Vopak Terminals IPO GMP today, the estimated listing price of Aegis Vopak Terminals IPO shares is ₹ 236.5 apiece, which is at a premium of 0.64% to the IPO price of ₹ 235 per share. Leela Hotels IPO GMP today also remains muted. As per market experts, Leela Hotels IPO GMP today is ₹ 3 per share. This indicates that the estimated listing price of Leela Hotels shares would be ₹ 438 apiece, a premium of 0.69% to the IPO price of ₹ 435 per share. Leela Hotels IPO and Aegis Vopak Terminals IPO failed to generate euphoria in the market and garner massive subscriptions. Leela Hotels IPO was subscribed 4.50 times in total as it received bids for 20.96 crore equity shares as against 4.66 crore shares on the offer. 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. Aegis Vopak Terminals IPO received even less interest, with an overall subscription of 2.09 times. The public issue subscribed 0.77 times in the retail category, 3.30 times in QIB, and 0.56 times in the NII category. Analysts attribute the subdued response for the two IPOs primarily to high valuations and uncertain market sentiment. Leela Hotels IPO and Aegis Vopak Terminals IPO were open for public subscription from May 26 to May 28. The IPO allotment was finalised on May 29 and both the IPOs will listing on June 2. The ₹ 3,500-crore Leela Hotels IPO comprised a fresh issue of 5.75 crore equity shares worth ₹ 2,500 crore and an offer-for-sale (OFS) of 2.30 crore shares amounting to ₹ 1,000 crore. On the other hand, Aegis Vopak Terminals IPO was a ₹ 2,800 crore offer, entirely consisting of a fresh issue of 11.91 crore shares. Aegis Vopak Terminals IPO price band was fixed at ₹ 235 per share, while Leela Hotels IPO price band was set at ₹ 413 to ₹ 435 per share. Aegis Vopak Terminals is valued at a steep price-to-earnings (P/E) multiple of 235x based on FY24 earnings, significantly higher than the peer average of 42x. The company's price-to-book (P/B) ratio stands at 18x, which is three times the industry average of 6x, indicating a premium valuation. In comparison, the IPO of Leela Hotels is priced at ₹ 435, translating to a P/E of 220.8x based on FY25 projected EPS of ₹ 1.97. While this valuation is more than double the peer average of approximately 98.9x, the price-to-book ratio of 2.92x appears reasonable. 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.
