Day 1: Leela Hotels IPO Booked by 6% on Day — All Details Here
The initial public offering (IPO) of Schloss Bangalore, the parent of pan-India luxury hotels and resorts chain ‘The Leela’ opened for subscription today and is scheduled to close on Wednesday, 28 May.
Day 1: Leela Hotels IPO Booked by 6% on Day — All Details Here
The initial public offering (IPO) of Schloss Bangalore, the parent of pan-India luxury hotels and resorts chain ‘The Leela’ opened for subscription today and is scheduled to close on Wednesday, 28 May. The company plans to raise ₹3,500 crore from the investors. The price range has been fixed between ₹413 to ₹435 apiece with a lot size of 34 shares per lot.
Subscription status
Investors have subscribed close to 6% of the Leela Hotels’ initial public offering (IPO), which equals to 28,75,176 equity shares of the total 4,66,10,169 shares on offer. Retail investors booked for about 20% of the public issue on Day 1, stood at 16,63,960 equity shares.
Non-Institutional Investors (NIIs) placed bids for 4,06,640 equity shares, against 1,27,11,864 equity shares for the segment. Qualified Institutional Buyers (QIBs) subscribed 3% of the issue on Day 1 for 8,04,576 shares out of the total 2,54,23,729 shares on offer.
