Leela Hotels IPO list on June 2: Here's what GMP, subscription status, expert tip before debut | Einsmark news

Leela Hotels IPO listing date is scheduled for Monday, June 2. Leela Hotels IPO Award was completed yesterday (Thursday, May 29). For those awarded shares, the creditworthiness of shares to demat accounts will take place today, Friday, May 30. The process of paying those who have not yet received their shares will also be completed today. The debut share offer of Schloss Bangalore, which runs Leela Palaces Hotels and Resorts, saw an IPO subscription status of Leela Hotels on Wednesday by the end of the Bie on Wednesday. The qualified Institutional Buyers Award (QIBs) was subscribed to 7.46 times, while the non-institutional investors’ segment received a 1.02 times subscription. The share category for retail individual investors (RIIs) achieved an 83% subscription percentage. Leela Hotels IPO Price Band is set at £ 413-435 per share. Leela Hotels IPO -Lot size was 34 shares and in multiples of 34 equity shares thereafter. Within the public edition, Leela Hotels named 75% of the shares for QIB, 15% for NII, and 10% for retail investors. Schloss Bangalore, known for his luxury properties under the “Leela” mark, operated a total of 3,382 rooms in 12 hotels on May 31, 2024. The portfolio contains the Leela palaces, the Leela hotels and the Leela resorts, located in 10 different cities in the entire country. The parent company, Schloss Bangalore, obtained £ 1,575 from its anchor investors during the bursary trading. On the financial side, the organization saw impressive growth, with Ebitda increasing from £ 87.72 in FY22 to £ 600.03 in FY24. According to Prashanth Taps, senior vice president of research and research analyst at Mehta Equities Ltd, Taps expects Schloss Bangalore Ltd (Leela Hotels) to have a flat listing, taking into account the reasonable subscription levels in a market with a subdued sentiment. Nevertheless, he believes that the company offers a strong long-term event, in accordance with the continued structural growth in India’s luxury hospitality and tourism industry. “We recommend allied investors to keep it for a long-term perspective, as the company is well positioned to take advantage of improving macro trends in travel and high-end gas freedom, while non-accessed investors can wait and look for possible discounts to enter the list of more attractive valuations,” Prashanth Taps said. Leela Hotels IPO GMP Today we see what Leela Hotels IPO GMP today signal in front of the list. Leela Hotels IPO GMP is +3 today. This indicates that the share price of Leela Hotels traded at a premium of £ 3 in the Gray market, according to Investorgain.com. Taking into account the top of the IPO price band and the current premium in the Gray market, the estimated listing price of Leela Hotels share price is indicated at £ 438 each, which is 0.69% higher than the £ 435 IPO price. decline. The minimum GMP recorded is £ 0.00, while the maximum is £ 20, as indicated by an investorgain.com expert. ‘Gray Market Premium’ indicates investors’ readiness to pay more than the issue price. Leela Hotels IPO details Leela Hotels IPO worth £ 3.500 crore, which consists of a fresh stock outreach of £ 2500 crore and an offer for sale (OFS) of £ 1000 by its promoter, Project Ballet Bangalore Holdings (DIFC) Pvt Ltd. Schloss Bangalore, supported by Brookfield Asset, intends to keep the fresh of the fresh, the conditions of the fresh of the fresh. Equity issue to resolve loans taken by the company and its subsidiaries, as well as for different general corporate activities. The IPO is supervised by a consortium of 11 Traders Bankers, including JM Financial, Bofa Securities India, Morgan Stanley India Company, JP Morgan India, Kotak Mahindra Capital Company, Axis Capital, Citigroup Global Markets India, IIFL Securities, ICICI Securities, Motilities, ICICI Securities, ICICI Securities, ICICI Securities, Oswal Investment Advisors and SBI Capital Markets. Disclaimer: The views and recommendations above are those of individual analysts or brokerage companies, and not of currency. We advise investors to check with certified experts before making investment decisions.