Overview of Leela Hotels IPO
The much-anticipated Leela Hotels IPO is scheduled to debut on June 2. Investors are closely monitoring this event as the share allotment has been finalized on May 29. The IPO has attracted significant attention, reflecting the strong interest in luxury hospitality investments within the market.
Subscription Status and GMP
In a remarkable show of demand, the Leela Hotels IPO was oversubscribed 4.50 times overall. The Qualified Institutional Buyers (QIBs) demonstrated particular enthusiasm, subscribing to the offering 7.46 times. This strong subscription rate has led to positive expectations regarding the stock’s performance upon listing. The Gray Market Premium (GMP) for Leela Hotels shares is also a point of interest, providing insights into potential gains for investors.
Price Band and Lot Size
The IPO has a price band set between ₹413 and ₹435 per share, with a minimum lot size of 34 shares. This pricing range, combined with the solid subscription statistics, indicates that many investors believe in the growth prospects of Leela Hotels. As the listing date approaches, market experts are advising potential investors to assess the available information cautiously, weighing both current market conditions and the historical performance of similar IPOs.
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