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

Updated: May 29, 2025 08:54

Image Source: Trade Brains
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.
 
Source: The Economic Times

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