Mumbai: The basis of allotment for Schloss Bangalore (Leela Hotels) IPO shares is set to be finalised today, Thursday, May 29, 2025. The Rs 3,500 crore IPO opened with a price band of Rs 413–Rs 434 and closed on May 22, 2025, receiving a mixed response from investors.
Investors can check their IPO allotment status on the websites of BSE, NSE, or Kfin Technologies, which is the official registrar for this issue.
Here are the direct links to check allotment status:
BSE
Kfin Technologies
NSE
IPO Subscription Details: QIBs Show Strong Interest
Leela Hotels IPO received a total of 20,96,73,852 bids, which is 4.50 times the 4.66 crore shares on offer.
Here’s how different investor categories responded:
Qualified Institutional Buyers (QIBs): Subscribed 7.47 times
Non-Institutional Investors (NIIs): Subscribed 1.02 times
Retail Investors: Subscribed only 0.83 times
This shows that while big investors showed strong interest, retail participation was below expectations.
Grey Market Premium and Listing Estimate
As of today, Leela Hotels shares are trading at Rs 441 in the grey market. This means a small premium of Rs 6 over the issue price, or about 1.38%.
The shares are expected to list on BSE and NSE on Monday, June 2, 2025. Based on current GMP, analysts expect a flat to slightly positive listing, but caution that grey market trends are unofficial and unreliable.
About Schloss Bangalore (Leela Hotels)
Schloss Bangalore owns and manages luxury hotels under the ‘The Leela’ brand. As of March 31, 2025, the company operates 13 hotels with 3,553 keys:
5 Owned Hotels
7 Managed Hotels
1 Franchised Hotel
The company plans to add 7 more hotels (678 keys) by 2028, expanding through ownership, development, or management deals.
