Leela Hotels IPO: There is good news for those investing in IPOs. In a few days, the IPO of Leela Hotels is knocking in the primary market. The Leela brand with luxury dottles is of Brookfield -backed Schloss Bangalore. The price band for the IPO of Leela Hotels has been announced. The company has fixed a price band of ₹ 413 to ₹ 435 per share for its IPO. This IPO will open for subscription on 26 May and will be closed on 28 May. The Brookfield-supported luxury hospitality company has reduced its IPO size by 30% to ₹ 5,000 crore from the basic plan of ₹ 3,500 crore.
Share trading on premium in gray market
The share of Leela Hotels is seen trading with a premium in the gray market. On Wednesday morning, the stock was seen trading at Rs 453 with a premium of Rs 18. Up to 75 per cent of the total public issue is allocated for eligible institutional buyers (QIB), of which up to 60 per cent – ₹ 1,575 crore share is reserved for anchor investors. Apart from this, 15 percent of the issue is reserved for non-institutional investors. While the remaining 10 percent has been allotted to retail investors. Shloss Bangalore was established in the year 2019. It is one of India’s leading luxury hospitality companies according to the number of rooms. By May 2024, it was managing 12 properties with a total of 3,382 rooms under The Leela Palaces, Hotels and Resorts brands.
Let’s know some special things about Leela Hotels IPO:
- This IPO will open for subscription on May 26, 2025 and will close on 28 May 2025.
- The price band of this IPO has been fixed at ₹ 413 to ₹ 435 per share.
- It is an IPO of ₹ 3,500 crore. This IPO includes a new issue of ₹ 2,500 crore with 5.75 crore shares and ₹ 1,000 crore offer for sale with 2.30 crore shares.
- The minimum lot of lot size for this application is of 34 shares. The minimum investment amount required by retail investors is ₹ 14,042.
- Talking about promoter holding in Leela Hotels IPO, Project Balle Bangalore Holdings (DIFC) Private Limited, BSREP III Joy (Two) Holdings (DIFC) Limited, BSREP III Tadoba Holdings (DIFC) Private Limited, Project Balle Chennai Holdings (DIFC) Private Limited, Project Ballet Gandhinagar Holdings (DIFC) Private Limited, Project Bail HMA Holdings (DIFC) Private Limited and Project Ballet Udaipur Holdings (DIFC) are promoters of the company.
- The allocation of shares in this IPO is expected to be released on Thursday, 29 May.
- Leela Hotels shares will be listed on BSE, NSE, whose possible listing has been fixed on Monday, June 2.
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