The Leela IPO Subscription Details: Hotel Leela’s initial public offering (IPO) was fully subscribed on the third and final day of bidding, Wednesday, May 28. According to data from the National Stock Exchange (NSE), the IPO received bids for 6,30,53,782 shares, surpassing the 4,66,10,169 shares on offer.
Category-wise subscription status
At the last count (13:26 pm), The Retail Individual Investors (RIIs) segment saw a response of 22 per cent of the allocated portion subscribed, according to the NSE data.
The Non-Institutional Investors (NIIs) category recorded a 17 per cent subscription.
In contrast, the Qualified Institutional Buyers (QIBs) showed strong interest, subscribing 2.31 times their allotted quota.
The Leela IPO: Price band
The price band for the issue is set at ₹413–₹435 per share, and the bidding window will close on Wednesday.
Anchor investors’ details
Ahead of the public offering, Schloss Bangalore raised Rs 1,575 crore from anchor investors.
The Rs 3,500-crore IPO comprises a fresh issue of equity shares worth Rs 2,500 crore and an offer for sale (OFS) of Rs 1,000 crore by the promoter, Project Ballet Bangalore Holdings (DIFC).
