Upcoming IPO News: Leela Hotels IPO is going to open next week, know important things before subscribing:

News Topical, Digital Desk : Upcoming IPO News: The IPO of Schloss Bangalore, the parent company of India's well-known luxury hotel chain 'The Leela', is going to open for subscription next week from May 26, 2025. Investors can bid for this till May 28, 2025.

The company intends to raise Rs 3,500 crore through this issue. The company manages 3,553 rooms in 13 operational hotels under The Leela Palaces, The Leela Hotels and The Leela Resorts.

Price band and IPO structure The price band of the Leela Hotels IPO has been fixed at Rs 413 to Rs 435 per share. One lot of the issue will have 34 shares. This means that retail investors will have to invest a minimum of Rs 14,042 to bid. The Leela Hotels IPO will consist of a fresh issue of 5.75 crore equity shares worth Rs 2,500 crore and an offer-for-sale (OFS) of 2.30 crore shares worth Rs 1,000 crore. About 75% of the IPO can be allotted to qualified institutional buyers (QIBs), out of which 60% (about Rs 1,575 crore) can be allotted to anchor investors. Apart from this, 15% of the issue has been reserved for non-institutional investors and the remaining 10% for retail investors.

What is the gray market premium (GMP) Leela Hotels IPO is getting a good response in the gray market. According to market experts, shares of Leela Hotels are trading at a premium of Rs 15 per share in the gray market today (23 May 2025).

Allotment and listing The company's shares can be allotted on May 29, 2025. After this, the company can start on BSE and NSE from June 2, 2025.

Purpose of IPO Schloss Bangalore will use the funds raised to repay the debt of itself and some of its subsidiaries such as Schloss Chanakya, Schloss Chennai, Schloss Udaipur and TPRPL. Apart from this, the remaining funds will be used for general corporate purposes.

Book Running Lead Managers and Registrars JM Financial, BofA Securities India, Morgan Stanley India, JP Morgan India, Kotak Mahindra Capital, Axis Capital, Citigroup Global Markets, IIFL Securities, Motilal Oswal Investment Advisors, SBI Capital Markets are the book running lead managers of this issue, while KFin Technologies has been entrusted with the responsibility of registrar.

Company's Finance In the last 2 years, the company's revenue has grown by 23% and EBITDA by 25% CAGR. Apart from this, the company's business has become profitable in the financial year 2025.