Leela Hotels IPO GMP: How To Check Allotment Status Online? Buy Schloss Bangalore Stock On Listing Day?

Leela Hotels IPO: The 3,500 crore Schloss Bangalore IPO, also properly known as Leela Hotels, is going to be among the first companies to debut on BSE and NSE in June 2025. Leela Hotels' IPO concluded earlier this week, and investors can check their allotment status online.

The latest grey market premium (GMP) of Leela Hotels hint at mild upside listing on exchanges. Analysts recommend that allotted investors to hold Leela Hotels stock with long-term trajectory. While the recommendation for new investors is to wait and watch for post-listing correction to pick the stock.

Leela Hotels IPO Allotment Status:

Investors can check the IPO allotment status online through three mode. These are BSE, NSE and its registrar Kfin Technologies Limited.

To Check The Allotment Status On Kfin Technologies, Click On The Link Below:

https://ris.kfintech.com/ipostatus/

To Check The Allotment Status On BSE, Click On The Link Below:

https://www.bseindia.com/investors/appli_check.aspx

To Check The Allotment Status On NSE, Click On The Link Below:

https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids

Leela Hotels IPO Listing Expectations:

After the allotment of status, the company will initiate refunds or credit shares to eligible shareholders on May 30th. The listing date is likely to be on June 2, 2025.

"Despite the muted market sentiment, Leela Hotels' IPO received decent overall subscription, largely driven by Qualified Institutional Buyers (QIBs). However, demand from Retail and High Net-worth Individuals (HNIs) remained subdued. This lower interest is justified given investor concerns around the IPO's valuation, the company's significant debt burden even after recent reductions, and operational challenges such as occupancy rates lagging behind industry averages," Prashanth Tapse, Senior VP (Research), Mehta Equities in a note.

Given the decent subscription levels amid muted market sentiment, Tapse's note said, "We anticipate a flat listing for Schloss Bangalore Ltd (Leela Hotels). However, we view the company as a compelling long-term play, aligned with the structural growth in India's luxury hospitality and tourism sector. We recommend allotted investors to HOLD it for long-term perspective, as the company is well positioned to benefit from improving macro trends in travel and high-end hospitality while non-allotted investors can WAIT & WATCH for potential post-listing discount to enter at more attractive valuations."

Leela Hotels IPO GMP:

As per Investor Grain, Leela Hotels IPO's last GMP is ₹7, last updated May 29th 2025 11:31 PM. With a price band of 435.00, Leela Hotels IPO's estimated listing price is Rs 442 (cap price + today's GMP). The expected percentage gain/loss per share is 1.61%.

Leela Hotels IPO Details:

This Bengaluru-based company received bids of 20,96,73,852 equity shares on the final day of the IPO, which was on May 28th. This is a subscription of 4.50 times its total offered IPO size of 4,66,10,169 equity shares. Overall, the IPO received a big boost from Qualified Institutional Buyers(QIBs) as the category oversubscribed by 7.46x, followed by a full subscription of 1.02x from Non Institutional Investors (NIIs). Surprisingly, the portion of Retail Individual Investors(RIIs) subscribed only 83% of the reserved size.

The IPO opened on May 26th and closed on May 28th. Its price band stood at Rs 413 to Rs 435.

About Schloss Bangalore Limited:

Incorporated in 2019, Schloss Bangalore Limited is India's only institutionally owned and managed pure-play luxury hospitality company. Operating under "The Leela" brand, the company manages a portfolio of 13 operational hotels with 3,553 keys across major Indian cities, including Bengaluru, Chennai, New Delhi, Jaipur, and Udaipur. The company's business model includes direct ownership of hotels and hotel management agreements with third-party owners. Schloss Bangalore plans to expand its portfolio by adding eight new properties, aggregating approximately 833 keys by 2028, as per ICICI Direct.

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