Leela Hotels IPO - Day 3 Subscription at 4.72 Times

Leela Hotels's initial public offering (IPO) has shown extraordinary progress through its three-day subscription period. The ₹3,500.00 crore IPO has witnessed remarkable demand, with subscription rates opening at 0.07 times on day one, rising to 0.17 times on day two, and surging to an impressive 4.72 times by 5:29:39 PM on the final day, demonstrating exceptional investor enthusiasm for this luxury hospitality company operating under "The Leela" brand in India that owns, operates, manages, and develops luxury hotels and resorts, offering premier accommodations and personalised services inspired by Indian hospitality.

Leela Hotels IPO qualified institutional buyers segment leads with an outstanding 7.82 times subscription, while non-institutional investors show solid participation at 1.08 times and retail investors at 0.87 times, reflecting strong investor confidence in this company that operates one of India's largest luxury hospitality portfolios by number of keys, with 12 operational hotels comprising 3,382 keys as of May 31, 2024.

Leela Hotels IPO subscription reaching impressive 4.72 times on the final day, led by QIB (7.82x), NII (1.08x) and Retail (0.87x). Check the details at 5paisa.

Subscription Status of Leela Hotels (Schloss Bangalore) IPO:

Here are the subscription details for Leela Hotels IPO as of Day 3 (May 28, 2025, 5:29:39 PM):

Key Highlights - Day 3:

• Overall subscription surging to 4.72 times, showing extraordinary acceleration from day two's 0.17 times
• QIB segment leading with exceptional demand at 7.82 times, dramatically up from day two's 0.12 times
• NII segment showing strong oversubscription at 1.08 times, significantly up from day two's 0.11 times
• Retail investors demonstrating solid participation at 0.87 times, up from day two's 0.43 times
• Total applications reaching 1,73,912, indicating substantial investor participation
• Cumulative bid amount reaching an outstanding ₹9,079.168 crores, more than 2.5 times the issue size
• Final day demonstrating exceptional institutional confidence in luxury hospitality recovery
• QIB leadership reflecting strong institutional investor belief in premium hospitality sector prospects
• Remarkable final day surge showing institutional recognition of The Leela brand strength and portfolio quality

Leela Hotels IPO - Day 2 Subscription at 0.09 Times

Key Highlights - Day 2:

• Overall subscription rising to 0.09 times, showing gradual growth from day one's 0.07 times
• Retail investors showing improved interest at 0.30 times, up from day one's 0.21 times
• NII segment showing increased participation at 0.05 times, up from day one's 0.03 times
• QIB segment maintaining steady participation at 0.03 times, unchanged from day one
• Total applications reaching 57,568, indicating growing investor awareness
• Cumulative bid amount reaching ₹167.480 crores
• This being a large-sized IPO of ₹3,500 crores, gradual subscription build-up is typical for premium hospitality offerings
• Second day momentum indicating growing confidence in luxury hospitality sector recovery

Leela Hotels IPO - Day 1 Subscription at 0.07 Times

Key Highlights - Day 1:

• Overall subscription opening at 0.07 times, showing initial investor response for this large IPO
• Retail investors began at 0.21 times, indicating early individual investor participation
• NII segment showing initial interest at 0.03 times, reflecting early high-net-worth investor assessment
• QIB segment showing early participation at 0.03 times on day one
• Opening day demonstrating measured investor engagement, typical for large premium hospitality IPOs
• Initial momentum reflecting cautious assessment of the luxury hospitality sector opportunity
• First day, setting the baseline for potential increased subscription on the final day

About Leela Hotels (Schloss Bangalore) IPO

Schloss Bangalore Limited, established on March 20, 2019, is a luxury hospitality company operating under "The Leela" brand in India. It owns, operates, manages, and develops luxury hotels and resorts, offering premier accommodations and personalised services inspired by Indian hospitality.

As of May 31, 2024, the company operates one of India's largest luxury hospitality companies by number of keys, with a portfolio of 12 operational hotels comprising 3,382 keys. The portfolio includes The Leela Palaces, The Leela Hotels, and The Leela Resorts, operating through direct ownership and hotel management agreements with third-party owners.

Financial performance shows strong improvement with revenue increasing from ₹903.27 crores in FY2023 to ₹1,226.50 crores in FY2024, and further to ₹1,406.56 crores in FY2025. The company turned profitable with PAT moving from losses to ₹47.66 crores in FY2025. The company maintains strong asset base with total assets of ₹8,266.16 crores as of March 2025.

Highlights of the Leela Hotels (Schloss Bangalore) IPO:

• IPO type: Book Building IPO
• IPO size: ₹3,500.00 crores
• Fresh Issue: 5.75 crore shares (₹2,500.00 crores)
• Offer for Sale: 2.30 crore shares (₹1,000.00 crores)
• Face value: ₹10 per share
• Issue price band: ₹413 to ₹435 per share
• Lot size: 34 shares
• Minimum investment for retail investors: ₹14,790
• Minimum investment for sNII: ₹2,07,060 (14 lots)
• Minimum investment for bNII: ₹10,05,720 (68 lots)
• Listing at: BSE, NSE
• IPO opens: May 26, 2025
• IPO closes: May 28, 2025
• Allotment date: May 29, 2025
• Listing date: June 2, 2025