Leela Hotels IPO Sees 6% Bookings on Day 1: Here’s What That Means

The Leela Hotels IPO — yes, that’s the luxury hotel brand you might know from their fancy properties across India — opened for public investment on May 26, 2025. On its very first day, the IPO was booked 6%, meaning only a small portion of the total shares available were taken up by investors so far.

What’s an IPO Again?

An IPO, or Initial Public Offering, is when a private company decides to sell its shares to the public for the first time. It’s a way for the company to raise money from investors like you and me. In this case, The Leela’s parent company — Schloss Bangalore Ltd. — wants to raise ₹3,500 crore by selling shares.

How Much Was Subscribed on Day 1?

By the end of the first day, about 6% of the total shares were booked. That’s a slow start, but it’s not uncommon. These offers are open for a few days, so more investors might come in later.

Interestingly, regular folks — called “retail investors” — showed the most interest. That part of the IPO was subscribed about 20% on Day 1. So it seems everyday investors are more excited than the big institutions (banks, mutual funds, etc.) for now.

What’s the Price and Other Details?

• The price per share is set between ₹85 and ₹90.

• Out of the ₹3,500 crore the company hopes to raise, ₹3,000 crore is fresh money (meaning it’ll go directly to the company), and ₹500 crore is from existing shareholders selling their part.

• The IPO is open until May 28, 2025.

• If you apply and get shares, the company is expected to be listed in June.

What About the Grey Market?

People also talk about something called the Grey Market Premium (GMP), which is kind of like a sneak peek at how the stock might perform when it officially lists. Right now, Leela Hotels shares are showing a GMP of ₹12.5, which is okay — not too high, not too low.

What Does Leela Hotels Do?

Leela runs some of India’s most luxurious hotels in cities like Bengaluru, New Delhi, Jaipur, Udaipur, and Chennai. They currently have 12 properties and are planning to add eight more over the next few years. They also want to tap into new types of tourism like wildlife, spiritual, and heritage experiences — which are all gaining popularity in India.

Should You Worry If It’s Only 6% Booked?

Not really. IPOs often pick up more interest in the last one or two days. Big investors usually wait and come in later. If you’re thinking of applying, it’s smart to watch how the numbers change daily before the deadline.

In Short:

• Leela Hotels IPO opened May 26 and is open till May 28

• 6% subscribed on Day 1, retail interest strong

• Price is between ₹85 and ₹90 per share

• Listing expected in June

• GMP is around ₹12.5, suggesting moderate market interest