The Leela IPO Allotment to Be Finalised Today: Key Highlights, GMP, and Listing Details

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Investors in the much-anticipated ₹3,500 crore IPO of Schloss Bangalore, the parent company of The Leela Palaces, Hotels and Resorts, will find out their allotment status today, May 29, 2025. Here are the essential updates and insights:

Key Highlights

IPO Timeline:

Opened for subscription: May 26, 2025
Closed: May 28, 2025
Allotment finalisation: May 29, 2025
Shares credited to demat: May 30, 2025
Listing date (BSE & NSE): June 2, 2025

Subscription Details:

Overall subscription: 2.62 times
Qualified Institutional Buyers (QIBs): 4.34 times
Retail investors: 0.70 times
Non-Institutional Investors (NIIs): 0.32 times
The tepid retail and NII response contrasts with robust QIB participation.

IPO Structure:

Price band: ₹413–₹435 per share
Minimum lot size: 34 shares (₹14,790 at upper band)
Fresh issue: ₹2,500 crore
Offer for Sale: ₹1,000 crore
Grey Market Premium (GMP):
Current GMP: ₹2 per share
Implied listing price: ₹437 (just 0.46% above issue price)
GMP has dropped from ₹20 pre-issue to the current muted level, indicating flat listing gains.

How to Check Allotment Status:

Visit the registrar’s portal (Kfin Technologies)
Select ‘Schloss Bangalore’ IPO
Enter application number and PAN to view status

Company Overview:

Backed by Brookfield, The Leela is India’s largest pure-play luxury hospitality brand, operating 12 hotels with 3,382 rooms as of May 2024.

IPO proceeds (from the fresh issue) will be used for debt repayment and general corporate purposes.

Market Sentiment:

The IPO saw strong anchor investor interest but subdued retail enthusiasm, reflected in the flat GMP and modest oversubscription.

Stay tuned for the listing on June 2, which will indicate the market’s final verdict on this marquee hospitality brand.

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