The initial public offer (IPO) of Leela Hotels operator, Schloss Bangalore Limited, was subscribed 4.5 times on the third and final day of bidding on Wednesday, May 28.

The mainboard IPO bids were led by demand from institutional buyers, whereas the portion of retail investors remained underbid. The IPO had witnessed sluggish demand initially, being subscribed 6% on its first day, and 17% on its second day.

The subscription breakdown is as follows

  • Qualified institutional buyers: 7.76 times.

  • Non-institutional investors: 1.02 times.

  • Retail investors: 0.83 times, or 83%.

The price band for the IPO was set between Rs 413 to Rs 435 per share. Leela Hotels IPO was a book-building issue worth Rs 3,500 crore. The IPO comprised a fresh issue of 5.75 crore shares, worth Rs 2,500 crore, and an offer-for-sale (OFS) of 2.3 crore shares, amounting to Rs 1,000 crore.

Following the successful subscription, the company is expected to finalise the IPO share allotment status on May 29.

Investors who participated in the IPO can check their allotment status on the websites of BSE, NSE, and Kfin Technologies.

Steps to Check Leela Hotels IPO Allotment Status On Kfin Technologies

  • Visit the KfinTech IPO allotment page here -https://kosmic.kfintech.com/ipostatus/.

  • From the dropdown menu, choose ‘Schloss Bangalore Ltd..’ as the IPO name. 

  • Select one of the available identification options – PAN number, Application number, or DP ID/client ID. 

  • Enter the details based on the option you selected. 

  • Click on the ‘Submit’ button. 

  • Your IPO allotment status will be displayed on the screen.

Steps to Check Leela Hotels IPO Allotment Status On NSE

  • Visit the IPO allotment page on the NSE website here. 

  • Select ‘Equity & SME IPO bid details’. 

  • Select the company symbol ‘THELEELA’ from the dropdown list for issue symbols. 

  • Enter PAN details and Application Number. 

  • Click on the ‘Submit’ button to check the share allotment details.

Steps to Check Leela Hotels IPO Allotment Status On BSE

  • Go to the official BSE website at https://www.bseindia.com/investors/appli_check.aspx

  • Select the issue type as ‘Equity.’ 

  • Choose ‘Schloss Bangalore Ltd..’ from the dropdown menu. 

  • Enter your application number or PAN (Permanent Account Number). 

  • Complete the ‘Captcha’ for verification. 

  • Click on the ‘Search’ button to view your allotment status.

Also Read: How To Check Aegis Vopak Terminals IPO Allotment Online?

After finalising the IPO allotment status, the company is expected to initiate refunds and transfer of shares to the Demat accounts on May 30.

The IPO listing date has been tentatively fixed as Monday, June 2.

Schloss Bangalore Limited, the parent company of the Leela Hotels, is one of the largest luxury hospitality players in India. The company, established in March 2019, operates 12 properties under ‘The Leela’ brand.

The company has proposed to use proceeds from the IPO to clear debt and for general corporate purposes. 

Leela Hotels IPO GMP Today

According to InvestorGain, the grey market premium (GMP) for the Leela Hotels IPO stood at Rs 6 as of 7:57 a.m. on May 29. It indicates that the unlisted shares of the company were trading at Rs 441 per share, at a potential premium of 1.38% on the upper end of the price band. 

Note: GMP does not represent official data and is based on speculation.

Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read red herring prospectus thoroughly before placing bids.

. Read more on IPOs by NDTV Profit.The latest grey market premium (GMP) for the Schloss Bangalore IPO stood at Rs 6 on May 29. indicating a potential premium of 1.38% on the upper end of the price band.  Read MoreIPOs 

​NDTV Profit