The Leela Hotels IPO, valued at a whopping ₹3,500 crore, is creating quite a buzz in the market. The IPO consists of a fresh issue of ₹2,500 crore and an offer for sale (OFS) worth ₹1,000 crore. The company behind this grand offering is Brookfield-backed Schloss Bangalore Limited, which operates The Leela Palaces, Hotels & Resorts. Recently, they managed to raise ₹1,575 crores from 47 marquee domestic and global anchor investors at the upper end of the price band set at ₹435 per equity share.
Who Invested in Leela Hotels IPO?
Among the anchor investors were prominent domestic and global names, with over 3.62 crore equity shares allocated to them. Notably, 1.42 crore equity shares went to 9 domestic mutual funds across 20 schemes. The response from domestic institutional investors was overwhelming, including big players like HDFC MF, ICICI Prudential MF, Nippon India MF, Mirae MF, Invesco MF, as well as insurance giants like Max Life and Birla Life. The interest didn’t stop there, with global investors showing strong demand, including sovereign and long-only FIIs such as Think Invest, Fidelity, Norges Bank, and others.
When is the IPO Opening?
The three-day IPO is set to open on Monday, May 26, 2025, and close on Wednesday, May 28, 2025. The price band is fixed between ₹413 to ₹435 per share. Following the closure, the shares are expected to be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on June 2, 2025. The Leela Hotels IPO has definitely piqued the interest of investors both locally and globally, and all eyes are on how it will perform post-listing.
