The Leela Hotels Sets IPO Price Band at ₹413-₹435: Key Details for Investors

Luxury hospitality brand The Leela Hotels, operated by Schloss Bangalore Ltd, has announced the price band for its much-anticipated Initial Public Offering (IPO). The IPO price range has been set between ₹413 and ₹435 per share, with the subscription window opening on May 26, 2025, and closing on May 28, 2025.

IPO Structure and Fund Utilization

The IPO aims to raise ₹3,500 crore, a reduction from the initially planned ₹5,000 crore. The offering consists of:

• Fresh issue: ₹2,500 crore worth of equity shares
• Offer for sale (OFS): ₹1,000 crore worth of shares from existing stakeholders

The proceeds from the fresh issue will primarily be used to repay outstanding borrowings and for general corporate purposes.

Investor Allocation & Lot Size

The IPO follows a book-building process, with allocations as follows:

• Qualified Institutional Buyers (QIBs): 75% of the total offering
• Non-Institutional Investors (NIIs): 15%
• Retail Investors: 10%

Retail investors can apply for a minimum of one lot (34 shares), requiring an investment of ₹14,042 at the lower end and ₹14,790 at the upper end.

Listing & Market Sentiment

The IPO allotment is expected to be finalized on May 29, 2025, with shares tentatively listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on June 2, 2025.

Market analysts are closely watching the grey market premium (GMP), which has surged from ₹0 on May 20 to ₹21 on May 21, reflecting strong investor interest.

About The Leela Hotels

Founded in 2019, Schloss Bangalore Ltd operates The Leela brand, managing 12 luxury hotels across India with a total of 3,382 rooms. The company follows a hybrid business model, combining direct ownership with third-party management agreements.

With a strong brand presence and strategic expansion plans, The Leela Hotels IPO is expected to attract significant investor attention.

For more updates on IPOs and market trends, stay tuned!