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Economic Times
3 days ago
- Business
- Economic Times
Aegis Vopak Terminals, The Leela IPOs to list on Monday: Here's what GMP indicates
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Investor sentiment will be in focus on Monday, June 2, as Aegis Vopak Terminals and The Leela Palaces ( Schloss Bangalore ) make their debut on the Indian stock exchanges. Both IPOs saw moderate interest, mainly from institutional investors , while grey market premiums suggest a muted listing Aegis Vopak Terminals' IPO, open from May 26 to May 28, received a lukewarm response, with an overall subscription of 2.09 times. The issue consisted entirely of a fresh issue of 11.91 crore equity shares, priced in the range of Rs 223–235 per grey market premium (GMP) for Aegis Vopak shares is currently just Rs 1, hinting at a likely listing around Rs 236 — a marginal upside of 0.43% over the upper price Vopak Terminals, a joint venture between Aegis Logistics and Dutch firm Vopak, operates 18 terminals across five major Indian ports. It boasts over 1.5 million cubic metres of liquid storage and 70,800 MT of LPG storage capacity. The IPO proceeds will be used to repay debt, fund the acquisition of a cryogenic terminal in Mangalore, and for general corporate IPO of Schloss Bangalore, which owns and operates The Leela Palaces, Hotels and Resorts, saw an overall subscription of 4.5 times. However, the enthusiasm was largely driven by Qualified Institutional Buyers (QIBs), who subscribed 7.46 times. In comparison, the retail quota was subscribed just 0.83 times, and the Non-Institutional Investors (NII) segment only 1.02 times — indicating subdued interest outside institutional GMP for Schloss Bangalore is currently at Rs 2, pointing to a likely listing at Rs 437 against the issue price of Rs 435, implying a minimal premium of 0.46%.The Brookfield-backed hospitality firm manages 12 luxury hotels under The Leela brand. IPO proceeds will be used to reduce debt at the entity and subsidiary levels — including properties in New Delhi, Chennai, Udaipur, and Jaipur — 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)
Time of India
3 days ago
- Business
- Time of India
Aegis Vopak Terminals, The Leela IPOs to list on Monday: Here's what GMP indicates
Aegis Vopak Terminals and Schloss Bangalore debut on June 2 with muted investor sentiment. Both IPOs saw modest GMPs and were driven mainly by institutional interest. Retail participation remained weak. Proceeds will be used for debt repayment and expansion plans. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Investor sentiment will be in focus on Monday, June 2, as Aegis Vopak Terminals and The Leela Palaces ( Schloss Bangalore ) make their debut on the Indian stock exchanges. Both IPOs saw moderate interest, mainly from institutional investors , while grey market premiums suggest a muted listing Aegis Vopak Terminals' IPO, open from May 26 to May 28, received a lukewarm response, with an overall subscription of 2.09 times. The issue consisted entirely of a fresh issue of 11.91 crore equity shares, priced in the range of Rs 223–235 per grey market premium (GMP) for Aegis Vopak shares is currently just Rs 1, hinting at a likely listing around Rs 236 — a marginal upside of 0.43% over the upper price Vopak Terminals, a joint venture between Aegis Logistics and Dutch firm Vopak, operates 18 terminals across five major Indian ports. It boasts over 1.5 million cubic metres of liquid storage and 70,800 MT of LPG storage capacity. The IPO proceeds will be used to repay debt, fund the acquisition of a cryogenic terminal in Mangalore, and for general corporate IPO of Schloss Bangalore, which owns and operates The Leela Palaces, Hotels and Resorts, saw an overall subscription of 4.5 times. However, the enthusiasm was largely driven by Qualified Institutional Buyers (QIBs), who subscribed 7.46 times. In comparison, the retail quota was subscribed just 0.83 times, and the Non-Institutional Investors (NII) segment only 1.02 times — indicating subdued interest outside institutional GMP for Schloss Bangalore is currently at Rs 2, pointing to a likely listing at Rs 437 against the issue price of Rs 435, implying a minimal premium of 0.46%.The Brookfield-backed hospitality firm manages 12 luxury hotels under The Leela brand. IPO proceeds will be used to reduce debt at the entity and subsidiary levels — including properties in New Delhi, Chennai, Udaipur, and Jaipur — 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)
Economic Times
7 days ago
- Business
- Economic Times
The Leela IPO allotment to be finalised today: How to check status, GMP and listing details
Investors who participated in the Rs 3,500 crore Schloss Bangalore IPO, the parent company of The Leela Palaces, Hotels and Resorts, will receive their allotment status today. The IPO, subscribed 2.62 times overall, saw strong interest from QIBs but a lukewarm response from retail investors. Shares are expected to list on BSE and NSE on June 2. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads How to check the Leela IPO Allotment on BSE How to Check via KFin Technologies (Registrar): Tired of too many ads? Remove Ads Investors who applied for the much-anticipated Rs 3,500 crore initial public offering (IPO) of Schloss Bangalore , the parent company behind The Leela Palaces, Hotels and Resorts, will know their allotment status today. The basis of allotment is expected to be finalised by the end of the day. The IPO opened for subscription on May 26 and closed on May 28, with shares expected to list on BSE and NSE on June the IPO received a lukewarm response from retail and non-institutional investors, the overall subscription stood at 2.62 enthusiasm was largely driven by qualified institutional buyers (QIBs), who subscribed to their quota 4.34 times. In contrast, the retail portion was subscribed only 0.70 times and the NII segment was covered by just 0.32 times, suggesting lower retail confidence despite the popularity of The Leela subdued interest has also trickled down into the grey market. The latest grey market premium (GMP) for Schloss Bangalore shares stands at a mere Rs 2, implying a potential listing price of Rs 437 against the issue price of Rs 435 -- a modest expected gain of 0.46%.Those who do secure allotment can expect shares to be credited to their demat accounts by May 30. Refunds for unallocated applicants will also be initiated on the same day. The listing will take place on June Select 'Equity' and 'Schloss Bangalore Limited' from the your PAN or application 'Search' to view your allotment Choose 'Schloss Bangalore Limited IPO'Enter PAN, application number or DP/client IDClick 'Submit' to access statusSchloss Bangalore, backed by Brookfield, runs a portfolio of 12 luxury properties and operates under The Leela brand. The IPO proceeds will be used mainly for debt repayment across its owned hotels and subsidiaries, including properties in New Delhi, Chennai, Udaipur, and Jaipur, and for general corporate purposes.: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of Economic Times)
Time of India
7 days ago
- Business
- Time of India
The Leela IPO allotment to be finalised today: How to check status, GMP and listing details
Investors who applied for the much-anticipated Rs 3,500 crore initial public offering (IPO) of Schloss Bangalore , the parent company behind The Leela Palaces, Hotels and Resorts, will know their allotment status today. The basis of allotment is expected to be finalised by the end of the day. The IPO opened for subscription on May 26 and closed on May 28, with shares expected to list on BSE and NSE on June 2. While the IPO received a lukewarm response from retail and non-institutional investors, the overall subscription stood at 2.62 times. The enthusiasm was largely driven by qualified institutional buyers (QIBs), who subscribed to their quota 4.34 times. In contrast, the retail portion was subscribed only 0.70 times and the NII segment was covered by just 0.32 times, suggesting lower retail confidence despite the popularity of The Leela brand. Play Video Play Skip Backward Skip Forward Mute Current Time 0:00 / Duration 0:00 Loaded : 0% 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 and subtitles off , selected Audio Track 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. The subdued interest has also trickled down into the grey market. The latest grey market premium (GMP) for Schloss Bangalore shares stands at a mere Rs 2, implying a potential listing price of Rs 437 against the issue price of Rs 435 -- a modest expected gain of 0.46%. Those who do secure allotment can expect shares to be credited to their demat accounts by May 30. Refunds for unallocated applicants will also be initiated on the same day. The listing will take place on June 2. Live Events How to check the Leela IPO Allotment on BSE Visit: Select 'Equity' and 'Schloss Bangalore Limited' from the dropdown. Enter your PAN or application number. Click 'Search' to view your allotment status. How to Check via KFin Technologies (Registrar): Visit: Choose 'Schloss Bangalore Limited IPO' Enter PAN, application number or DP/client ID Click 'Submit' to access status Schloss Bangalore, backed by Brookfield, runs a portfolio of 12 luxury properties and operates under The Leela brand. The IPO proceeds will be used mainly for debt repayment across its owned hotels and subsidiaries, including properties in New Delhi, Chennai, Udaipur, and Jaipur, and for general corporate purposes. ( Disclaimer : Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of Economic Times)
Time of India
28-05-2025
- Business
- Time of India
The Leela IPO cruises through on final day of bidding, QIBs drive highest subscription. Check details
The Leela IPO: The initial public offering (IPO) of Schloss Bangalore Limited, the operator of The Leela Palaces, Hotels & Resorts, sailed through on the final day of the issue with a subscription of 1.35 times. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The Leela GMP Should you subscribe to The Leela IPO? SBI Securities Bajaj Broking Tired of too many ads? Remove Ads Lemonn Markets Desk The Leela IPO key dates The initial public offering (IPO) of Schloss Bangalore Limited, the operator of The Leela Palaces, Hotels & Resorts, sailed through on the final day of the issue with a subscription of 1.35 1:15 pm today, the highest subscription was witnessed by the qualified institutional buyers (QIBs) at 2.32 times. Meanwhile, the quota reserved for the retail investors and non-institutional investors (NIIs) continued to lag, attracting a subscription of 21% and 16% of its public issue, Schloss Bangalore Limited raised Rs 1,575 crore from 47 leading domestic and global anchor investors, with shares allotted at the upper end of the price band at Rs 435 company allocated over 3.62 crore equity shares to these investors, including 1.42 crore shares distributed among nine domestic mutual funds spanning 20 schemes. Notable global investors participating in the anchor round include Goldman Sachs, Fidelity, and Société Géné Rs 3,500 crore IPO consists of a fresh issue worth Rs 2,500 crore and an offer for sale (OFS) amounting to Rs 1,000 Bangalore shares are trading at a grey market premium of just 0.23%, or Re 1, in the unlisted market ahead of their is what brokerage firms have to say about the issue:The company is valued at an FY25 EV/EBITDA multiple of 26.3x at post-issue capital of the upper price band. The company's Revenue/EBITDA has grown at a CAGR of 23%/25% respectively over the last 2 years, while on a net basis, the business has turned profitable in company's presence in the luxury space offers high growth opportunities as the luxury segment within the hospitality sector is likely to grow at a higher pace. The company will repay its debt from the IPO proceeds, which will result in lower D/E from the current 1.1x and improved Broking recommends subscribing to the issue for a long a revenue rise and EBITDA growth to Rs 600 crore in FY24, Schloss posted a net loss of Rs 2.13 crore for the year and an additional Rs 36.4 crore loss in the first two months of negative EPS (Rs –0.12) and net asset value (Rs –160.57) make standard valuation ratios like P/E and RoNW irrelevant or company's valuation appears steep compared to profitable peers like Indian Hotels and EIH, despite its strong brand and asset-light model. Investors are advised to approach the IPO with caution, as it is more of a brand-led growth bet than one backed by current Gaurav Garg of Lemonn Markets Desk said that Schloss Bangalore IPO is a long-term bet on the formalization and premiumization of India's travel and hospitality sector. Investors with a patient outlook and appetite for high-quality consumption plays should consider subscribing to the issue.'As the company deleverages and executes its expansion plans, shareholders may be well-positioned to benefit from compounding gains in a high-margin business,' he initial public offering (IPO) of Schloss Bangalore Limited opened for subscription on May 26 and closes today at 5 pm. The allotment of shares is expected on May 29, with the company's stock market debut scheduled for June 2.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
