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The highly anticipated Leela Hotels initial public offering (IPO) is worth ₹3,500 crore and includes a fresh issue of ₹2,500 crore and an offer for sale (OFS) worth ₹1,000 crore
| Photo Credit:
Dado Ruvic
Brookfield-backed Schloss Bangalore Limited which operates The Leela Palaces, Hotels & Resorts has raised ₹1,575 crores from 47 marquee domestic and global anchor investors at the upper end of the price band at ₹435 per equity share.
The company has allotted over 3.62 crore equity shares to these anchor investors, comprising marquee domestic and global anchor investors. In this, 1.42 crore equity shares were allocated to 9 domestic mutual funds through a total of 20 schemes.
The anchor book has received widespread participation from domestic institutional investors including leading mutual funds such as HDFC MF, ICICI Prudential MF, Nippon India MF, Mirae MF and Invesco MF and insurance companies such as Max Life and Birla Life.
Global interest was equally notable with very strong demand from sovereign and long-only FIIs such as Think Invest, Fidelity, Norges Bank, Whiteoak, Lunate, UC Regents, TT International and Ward Ferry among others.
The three-day issue will open on Monday, May 26, 2025, and end on Wednesday, May 28, 2025. The company has set the price band at ₹413 to ₹435.
The highly anticipated initial public offering (IPO) is worth ₹3,500 crore and includes a fresh issue of ₹2,500 crore and an offer for sale (OFS) worth ₹1,000 crore.
The shares will likely be listed on June 2 on both BSE and NSE.
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Published on May 24, 2025
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