Shares of Leela Hotels (Schloss Bangalore) made a tepid debut on the stock exchanges today, June 2, 2025, listing at ₹406 — a 6.67% discount to its issue price of ₹435 per share. The stock was listed on both BSE and NSE.
The ₹3,500 crore IPO comprised a fresh issue of 5.75 crore shares worth ₹2,500 crore and an offer-for-sale (OFS) of 2.3 crore shares aggregating ₹1,000 crore. The price band was set at ₹413–₹435 per share.
Despite high demand from institutional investors, the overall subscription stood at 4.50 times. The Qualified Institutional Buyers (QIB) portion saw strong interest with 7.46 times subscription, while the Non-Institutional Investors (NII) segment was subscribed 1.02 times. However, retail participation remained lukewarm at just 0.83 times.
JM Financial, Bofa Securities, Morgan Stanley, JP Morgan India, Kotak Mahindra Capital, Axis Capital, Citigroup Global Markets, IIFL Securities, Motilal Oswal, and SBI Capital Markets acted as book-running lead managers. KFin Technologies was the registrar to the issue.
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