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Mint
3 days ago
- Business
- Mint
Leela Hotels shares: Should you buy, hold or sell after a weak listing?
Leela Hotels share price made a tepid debut in the Indian stock market today amid weak sentiment. The equity shares of luxury hospitality chain Schloss Bangalore, which operates hotels under the brand 'The Leela' in India, were listed at a discount to their initial public offering (IPO) price on the stock exchanges today. Leela Hotels share price was listed at ₹ 406 apiece on the NSE, a discount of 6.67% to its IPO price of ₹ 435 per share. On the BSE, Leela Hotels stock got listed with a 6.55% discount at ₹ 406.50 per share. After the listing, Leela Hotels shares gained over 7% from its listing price and traded marginally higher from its IPO price. Leela Hotels IPO listing was slightly weaker than Street estimates as the Leela Hotels IPO GMP signalled a flat debut. However, analysts are bullish on the long-term prospects of the company despite a muted listing of shares. Here's what analysts suggest to do with Leela Hotels shares after listing. Despite weak market sentiment, Leela Hotels' IPO debuted flat in line with our expectations, said Prashanth Tapse, Senior VP Research at Mehta Equities Ltd. 'We view the company as a compelling long-term play, aligned with the structural growth in India's luxury hospitality and tourism sector. We recommend allotted investors to HOLD Leela Hotels shares for a long-term perspective, as the company is well positioned to benefit from improving macro trends in travel and high-end hospitality,' Tapse said. According to Avinash Gorakshakar, Head of Research at Profitmart Securities, Leela Hotels is a good long term story, but he believes the valuations in near term are not cheap which resulted in the stock opening lower than the IPO price. 'Investors looking at a time frame of next 2 to 3 years can expect a decent risk reward in Leela Hotels shares,' Gorakshakar said. Leela Hotels IPO opened for subscription from May 26 to May 28, 2025. Leela Hotels IPO listing date was today, 2 June, 2025, and the shares are listed on BSE and NSE. The company raised ₹ 3,500 crore from the public issue at a price band of ₹ 435 per share. Leela Hotels IPO was subscribed 4.50 times in total It plans to utilise the net issue proceeds for repayment in full or in part, of certain outstanding borrowings availed by the company, and its subsidiaries, and for general corporate purposes. Schloss Bangalore is one of India's largest luxury hospitality companies by number of keys, with a portfolio of 12 operational hotels comprising 3,382 keys. At 1:25 PM, Leela Hotels share price was trading at ₹ 433.65 apiece on the BSE, higher by 6.68% from its listing price, and down by 0.31% from its IPO price. 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.
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Business Standard
28-05-2025
- Business
- Business Standard
Belrise Industries IPO shares list at 11% premium; book profit or hold?
Belrise Industries share price: Shares of automotive sheet metal and casting parts maker company Belrise Industries made a positive D-Street debut on Wednesday, May 28, following the completion of its initial public offering (IPO). The company's shares listed at ₹100 per share on the NSE, reflecting a premium of ₹10 or 11.11 per cent over the issue price of ₹90 per share. On the BSE, Belrise Industries shares listed at a slightly lower premium of ₹8.50 or 9.44 per cent at ₹98.50 per share. Belrise Industries IPO listing fell short of grey market estimates. Ahead of the listing, the unlisted shares of Belrise Industries were trading around ₹111 per share, reflecting a grey market premium (GMP) of ₹21, or 23.33 per cent, over the issue price, revealed sources tracking unofficial market activities. Should you book profit or hold? Belrise Industries listing, Prashanth Tapse, Senior VP (Research), Mehta Equities, said, was well below street expectations amid a subdued market. "The offer received an overwhelming response to its initial public offering (IPO), with the overall subscription reaching over 41 times, significantly surpassing street expectations." Given the market momentum and risks, Tapse recommended that allotted long-term investors continue to 'Hold', expecting volatility in the short- to medium-term, while conservative allotted investors may look to book profits on listing day. Belrise Industries IPO details Belrise Industries comprises an entirely fresh issue of 238.9 million equity shares aggregating up to ₹2,150 crore. Belrise Industries, offered at a price band of ₹85–90 with a lot size of 166 shares, received bids for 7,31,30,39,198 shares against the 17,70,58,824 shares offered, resulting in an oversubscription of 41.30 times by the end of the subscription period, showed the NSE data. Qualified institutional buyers (QIBs) led the demand for the Belrise Industries IPO by subscribing to 108.35 times the portion reserved for them. This was followed by non-institutional investors (NIIs) at 38.33 times, and retail investors at 4.27 times. Belrise Industries IPO was available for subscription from Wednesday, May 21, 2025, till Friday, May 23, 2025. The basis of allotment was finalised on Monday, May 26, 2025. The company set the issue price at ₹90 per share. Belrise Industries will use the proceeds from the public offering for the repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by the company, and for general corporate purposes. About Belrise Industries Belrise Industries is an automotive component manufacturing company based in India, offering a diverse range of safety-critical systems and other engineering solutions for two-wheelers, three-wheelers, four-wheelers, commercial vehicles, and agri-vehicles. Their product portfolio includes metal chassis systems, polymer components, suspension systems, body-in-white components, and exhaust systems, among others. The company's products are largely agnostic to vehicle powertrain types, reflecting its ability to cater to both electric vehicles and internal combustion engine vehicles, thus positioning itself favorably to adapt to the growing electric vehicle market.
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Business Standard
28-05-2025
- Business
- Business Standard
Belrise Industries stock lists at an 11% premium: book profit or hold?
Belrise Industries IPO listing price, Belrise Industries share price: Shares of automotive sheet metal and casting parts maker company Belrise Industries made a positive D-Street debut on Wednesday, May 28, following the completion of its initial public offering (IPO). The company's shares listed at ₹100 per share on the NSE, reflecting a premium of ₹10 or 11.11 per cent over the issue price of ₹90 per share. On the BSE, Belrise Industries shares listed at a slightly lower premium of ₹8.50 or 9.44 per cent at ₹98.50 per share. Belrise Industries IPO listing fell short of grey market estimates. Ahead of the listing, the unlisted shares of Belrise Industries were trading around ₹111 per share, reflecting a grey market premium (GMP) of ₹21, or 23.33 per cent, over the issue price, revealed sources tracking unofficial market activities. Should you book profit or hold? Belrise Industries listing, Prashanth Tapse, Senior VP (Research), Mehta Equities, said, was well below street expectations amid a subdued market. "The offer received an overwhelming response to its initial public offering (IPO), with the overall subscription reaching over 41 times, significantly surpassing street expectations." Given the market momentum and risks, Tapse recommended that allotted long-term investors continue to 'Hold', expecting volatility in the short- to medium-term, while conservative allotted investors may look to book profits on listing day. Belrise Industries IPO details Belrise Industries comprises an entirely fresh issue of 238.9 million equity shares aggregating up to ₹2,150 crore. Belrise Industries, offered at a price band of ₹85–90 with a lot size of 166 shares, received bids for 7,31,30,39,198 shares against the 17,70,58,824 shares offered, resulting in an oversubscription of 41.30 times by the end of the subscription period, showed the NSE data. Qualified institutional buyers (QIBs) led the demand for the Belrise Industries IPO by subscribing to 108.35 times the portion reserved for them. This was followed by non-institutional investors (NIIs) at 38.33 times, and retail investors at 4.27 times. Belrise Industries IPO was available for subscription from Wednesday, May 21, 2025, till Friday, May 23, 2025. The basis of allotment was finalised on Monday, May 26, 2025. The company set the issue price at ₹90 per share. Belrise Industries will use the proceeds from the public offering for the repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by the company, and for general corporate purposes. About Belrise Industries Belrise Industries is an automotive component manufacturing company based in India, offering a diverse range of safety-critical systems and other engineering solutions for two-wheelers, three-wheelers, four-wheelers, commercial vehicles, and agri-vehicles. Their product portfolio includes metal chassis systems, polymer components, suspension systems, body-in-white components, and exhaust systems, among others. The company's products are largely agnostic to vehicle powertrain types, reflecting its ability to cater to both electric vehicles and internal combustion engine vehicles, thus positioning itself favorably to adapt to the growing electric vehicle market.
Hans India
20-05-2025
- Business
- Hans India
Key indices drift lower on weak global cues
Mumbai: Benchmark BSE Sensex dropped by 271 points on Monday, marking the second straight day of losses due to selling in IT and banking stocks and a weak trend in global markets after rating downgrade of the US by Moody's Ratings. The 30-share BSE barometer declined 271.17 points or 0.33 per cent to settle at 82,059.42. During the day, it dropped 366.02 points or 0.44 per cent to a low of 81,964.57. The NSE Nifty dipped 74.35 points or 0.30 per cent to 24,945.45. 'Markets languished in negative territory for major part of the trading session as weak Asian and European indices resulted in investors resorting to profit-taking in IT, capital goods and oil & gas shares,' Prashanth Tapse, senior V-P (research), Mehta Equities Ltd, Nifty, Moody's Downgrade, IT Stocks, Global Markets, Investor Sentiment Also Moody's downgrading US credit rating by a notch over the weekend created some sort of uncertainty amongst investors, Tapse added. The broader market witnessed a mixed performance as the BSE smallcap gauge climbed 0.75 per cent and midcap index ended up by 0.27 per cent. 'Indian equity markets extended their losses for a second consecutive day on Monday, dragged down by a combination of weak global cues, sharp selling in IT stocks, and rising volatility,' Gaurav Garg, Analyst, Lemonn Markets Desk, said. Investor sentiment took a hit after Moody's downgraded the US sovereign credit rating to 'Aa1', citing the nation's surging $36 trillion debt, he said. 'Global markets echoed this nervousness. Asian and European equities traded mostly lower,' Garg added. Among sectoral indices, BSE Focused IT declined 1.33 per cent, IT (1.23 per cent), teck (1.07 per cent), oil & gas (0.32 per cent), telecommunication (0.24 per cent) and capital goods (0.16 per cent).
The Print
19-05-2025
- Business
- The Print
Stock markets close lower for 2nd day; IT stocks fall after US rating downgrade
The NSE Nifty dipped 74.35 points or 0.30 per cent to 24,945.45. The 30-share BSE barometer declined 271.17 points or 0.33 per cent to settle at 82,059.42. During the day, it dropped 366.02 points or 0.44 per cent to a low of 81,964.57. Mumbai, May 19 (PTI) Benchmark BSE Sensex dropped by 271 points on Monday, marking the second straight day of losses due to selling in IT and banking stocks and a weak trend in global markets after rating downgrade of the US by Moody's Ratings. Among Sensex firms, Eternal, Infosys, Tata Consultancy Services, Tech Mahindra, Reliance Industries, Asian Paints, HCL Tech and Adani Ports were the laggards. Power Grid, Bajaj Finance, NTPC, State Bank of India and IndusInd Bank were among the gainers. Among sectors, realty, pharma, and auto shares advanced while IT declined by over a percent. 'Markets languished in negative territory for major part of the trading session as weak Asian and European indices resulted in investors resorting to profit-taking in IT, capital goods and oil & gas shares,' Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said. Also Moody's downgrading US credit rating by a notch over the weekend created some sort of uncertainty amongst investors, Tapse added. 'Indian equity markets extended their losses for a second consecutive day on Monday, dragged down by a combination of weak global cues, sharp selling in IT stocks, and rising volatility,' Gaurav Garg, Analyst, Lemonn Markets Desk, said. Investor sentiment took a hit after Moody's downgraded the US sovereign credit rating to 'Aa1', citing the nation's surging USD 36 trillion debt, he said. 'Global markets echoed this nervousness. Asian and European equities traded mostly lower…' Garg added. The broader market witnessed a mixed performance as the BSE smallcap gauge climbed 0.75 per cent and midcap index ended up by 0.27 per cent. Among sectoral indices, BSE Focused IT declined 1.33 per cent, IT (1.23 per cent), teck (1.07 per cent), oil & gas (0.32 per cent), telecommunication (0.24 per cent) and capital goods (0.16 per cent). Realty jumped 2.22 per cent, healthcare (0.58 per cent), utilities (0.42 per cent), auto (0.41 per cent), power (0.36 per cent) and financial services (0.32 per cent). Among Asian markets, South Korea's Kospi, Japan's Nikkei 225 index and Hong Kong's Hang Seng settled lower while Shanghai's SSE Composite index ended higher. European markets were trading lower. US markets ended in positive territory on Friday. Global oil benchmark Brent crude dipped 0.41 per cent to USD 65.14 a barrel. Foreign Institutional Investors (FIIs) bought equities worth Rs 8,831.05 crore on Friday, according to exchange data. On Friday, the Sensex declined 200.15 points or 0.24 per cent to settle at 82,330.59. The Nifty dropped 42.30 points or 0.17 per cent to 25,019.80. PTI SUM MR MR This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
