The initial public offering (IPO) of Leela Lodges opened for bidding on Monday, May 26, 2025. The organization's objective is to raise Rs 3,500 crore through this difficulty.
The IPO will stay open for three days and could close on May 28, 2025.
Out of the entire Rs 3,500 crore, Leela Inns plans to raise Rs 2,500 crore through issuing 5.75 crore clean fairness shares. an additional Rs 1,000 crore can be raised via the offer on the market (OFS) route, wherein existing shareholders will promote 2.30 crore stocks.
The price band for Leela accommodations IPO has been constant between Rs 413 and Rs 435, consistent with the proportion.
Retail investors want to apply for at least 34 shares. on the decrease stop of the fee band, this comes to Rs 14,042. If one applies on the higher end of the band (Rs 435), the minimum investment required could be Rs 14,790.
For small non-institutional investors, the minimum application is 14 lots or 476 stocks, which will be priced at Rs 2,07,060. Huge non-institutional traders are required to bid for at least sixty-eight lots or 2,312 shares, which provides up to Rs 10,05,720.
trendy GMP Beforehand of the IPO beginning, Leela Inns raised Rs 1,575 crore from forty-seven anchor buyers. These stocks were allocated at the top stop of the rate band, which is Rs 435 in line with the share.
Within the gray market, the top class for the Leela accommodations IPO has slightly fallen. The brand new Gray Marketplace Premium (GMP), up to date at 6:54 am on May 26, stands at Rs 13.
This shows an envisioned list fee of Rs 448 per percentage (Rs 435 difficulty charge + Rs 13 GMP). The predicted gain according to proportion is around 2.99%.
EXPERT VIEW: SUBSCRIBE OR BYPASS?
Brokerage firm Bajaj Broking has recommended investors join the IPO, however, with an extended time period view in mind.
"We endorse subscribing to the IPO with an extended-time-period attitude," stated Bajaj broking.
The company also said that the IPO is more of a guess on the business enterprise's turnaround and its destiny capability instead of its modern economic overall performance.
"Buyers must be careful, spotting that this IPO is basically a bet on a turnaround and logo-led increase tale, rather than a fee play based on current basics," the Bajaj dealer introduced.
The share allotment for the IPO is probable to be finalized on May 29, 2025.
The stocks of Leela Resorts are expected to be indexed at the bombay Stock Exchange (BSE) and the countrywide inventory alternate (NSE) on june 2, 2025. However, this date is tentative and subject to final confirmation.
Disclaimer: The views, opinions, guidelines, and hints expressed with the aid of professionals/brokerages in this newsletter are their own and do not mirror the views of the india Herald. It's miles recommended to seek advice from a certified broker or monetary consultant before making any actual funding or trading choices.
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