Leela Hotels iPo Listing on June 2: Here’s What Gmp, Subscription Status, Expert Hint Ahead of Debut

Leela Hotels iPo Listing Date has been Scheduled for Monday, June 2. For there who have been allocated shares, the creediting of shares to demat accounts will Occur Today, Friday, May 30. The process of refunding that those who have not yet recyives Today.

The debut share offering of schloss bangalore, which manages leela palaces hotels and resorts, Saw a Leela Hotels IPO Subscription Status at 4.50 Times by the end of bidding on Wednesday. The Allocation for Qualified Institutional Buyers (QIBS) was subscribed 7.46 times, while the segment for non-institutional investors received a subscription of 1.02 time. The share category for retail individual investors (RIIS) Achieved an 83% subscription rate.

Leela Hotels iPo Price Band Was Fixed At 413-435 per share. Leela Hotels iPo lot size was 34 equity shares and in multiples of 34 equity shares there. Within the public issue, leela hotels have allocated 75% of the shares for Qib, 15% for NII, and 10% is designed for retail investors.

Schloss Bangalore, Known for Its Luxurious Properties under “The Leela” Brand, Operated A Total of 3,382 Rooms Across 12 Hotels As of May 31, 2024. Its portfolio incurses the lela palaces, Leela Hotels, and the Leela Resorts, Located in 10 different sites throughout the nation.

The parent company, schloss bangalore, secured 1,575 Crore from its anchor investors during the ipo. On the financial side, the organization has seen impressive growth, with ebitda increasing from 87.72 Crore in FY22 to 600.03 Crore in FY24.

As per prashanth tapse, Senior Vice President of Research and Research Analyst at Mehta Equites Ltd, Tapse Expects Schloss Schloss Bangalore Ltd (Leela Hotels) to have a flat listing, considering the resoundable Subscription levels in a market with subdued sentiment. Nonetheless, he believes the company presents a strong long-term options, in line with the ongoing structural growth in India’s luxury hospitality and tourism industry.

“We recommend allotted investors to hold it for long-term percent, as the company is well positioned to benefits from improving macro trends in travel and high-end hosted hompatility through not Investors Can Wait & Watch for Potential Post-Listing Discount to enter at more attractive valuations, “Said Prashanth Tapse.

Leela Hotels IPO GMP Today

Let’s check what does leela hotels iPo Gmp Today Signal Ahead of Listing.

Leela Hotels IPO Gmp Today is +3. This indicates leela hotels share price was trading at a premium of 3 in the green market, according to investorgain.com.

Considering the upper end of the IPO price band and the current premium in the green market, the estimated listing price of leela hotels share price is indicated at 438 Apiece, which is 0.69% higher than the IPO price of 435.

According to the green market activities observed over the past 14 sessions, the current gmp ( 3) Indicates a Trend Toward Decline. The minimum gmp recorded is 0.00, while the maximum is 20, as stated by an expert from investment.com.

‘Grey Market Premium’ Indicates Investors’ Readness to pay more than the issue price.

Leela Hotels IPO Details

Leela Hotels iPo Worth 3,500 Crore, which consists of a fresh equity share issue of 2,500 Crore and an offer for sale (ofs) of 1,000 Crore by Its Promoter, Project Ballet Bangalore Holdings (DIFC) Pvt Ltd.

Schloss Bangalore, Supported by Brookfield Asset Management, Intends to Allocate the Proceeds from the Fresh Equity ISSUANCE to Settle Loans TAKEN by the Company and its SUBSIs, AS WOLLAL AS Various General Corporate Activities.

The IPO is being overseen by a consortium of 11 merchant bankers, including JM Financial, Bofa Securities India, Morgan Stanley India Company, JP Morgan India, JP Morgan India, Kotak Mahindra Campany, Axis Capital, Citigroup Global Markets India, IIFL Securities, ICICI Securities, Motilal Oswal Investment Advisors, and SBI Capital Markets.

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