Leela Hotels IPO Allotment Status: The Leela Hotels IPO allotment is set to be finalised today, May 29, in the evening. Once allotted, investors will start received bank debit messages. They can also check the allotment status online on the websites of BSE and NSE, as well as on registrar Kfin Technologies’ portal. Here’s the latest GMP, as well as a step-by-step guide to check allotment status. On the final day of bidding on Wednesday, the Leela Hotels IPO received a 4.72 times subscription, with a bidding of 20,87,17,330 shares against the offered shares of 4,42,52,875. The retail and NII participation stood at 0.87 times and 1.08 times, respectively. Its qualified institutional buyer (QIB) category got a 7.82 times subscription. Leela Hotels IPO GMP Today According to various observers tracking GMP of Leela Hotels IPO, the current grey market premium of Schloss Bangalore Ltd is now 1.38 per cent based on the upper IPO price of 435, indicating flat listing. The shares of Schloss Bangalore Ltd are scheduled to be listed on BSE and NSE on June 2, 2025. A Step-By-Step Guide To Check Allotment Status The Leela Hotels IPO allotment will take place on Thursday, May 29. The IPO allotment status can be checked online by following these steps: 1) Go to the official BSE website via the URL — https://www.bseindia.com/investors/appli_check.aspx. 2) Under ‘Issue Type’, select ‘Equity’. 3) Under ‘Issue Name’, select ‘Schloss Bangalore Ltd’ in the dropbox. 4) Enter your application number, or the Permanent Account Number (PAN). 5) Then, click on the ‘I am not a robot’ to verify yourself and hit the ‘Search’ option. Your share application status will appear on your screen. You can also visit directly on the registrar Kfin Technologies’ portal — https://ipostatus.kfintech.com/ and check the Leela Hotels IPO allotment status. The allotment status can also be checked on the NSE’s website at https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids. Leela Hotels IPO Objectives Leela Hotels plans to utilise Rs 2,500 crore from the fresh issue for the following purposes: – Repayment of outstanding borrowings: Approximately Rs 2,300 crore will be used to repay/pre-pay certain borrowings of the company and its subsidiaries. – General corporate purposes: A portion of the IPO proceeds will be allocated for general corporate purposes, not exceeding 25% of the gross proceeds. Leela Hotels Financials Schloss Bangalore Limited’s financial performance shows a 15% increase in revenue and a significant 2341% rise in profit after tax (PAT) between the financial years ending March 31, 2024, and March 31, 2025. As of March 31, 2025, the company’s assets stood at Rs 8,266.16 crore, with revenue at Rs 1,406.56 crore and PAT at Rs 47.66 crore. The company’s net worth improved to Rs 3,604.99 crore, and its total borrowings were Rs 3,908.75 crore. Leela Hotels operates 3,553 keys across 13 hotels under The Leela Palaces, Hotels, and Resorts, with a strategic presence in 10 key destinations in India, covering a significant portion of international and domestic air traffic in FY 25. Leela Hotels Boon Running Managers JM Financial Limited, Bofa Securities India Limited, Morgan Stanley India Company Pvt Ltd, J.P. Morgan India Private Limited, Kotak Mahindra Capital Company Limited, Axis Capital Limited, Citigroup Global Markets India Private Limited, Iifl Securities Ltd, Motilal Oswal Investment Advisors Limited, SBI Capital Markets Limited are the book running lead managers of the Leela Hotels IPO, while Kfin Technologies Limited is the registrar for the issue. Leela Hotels Promoters Project Ballet Bangalore Holdings (DIFC) Pvt Ltd, BSREP III Joy (Two) Holdings (DIFC) Limited, BSREP III Tadoba Holdings (DIFC) Pvt Ltd, Project Ballet Chennai Holdings (DIFC) Pvt Ltd, Project Ballet Gandhinagar Holdings (DIFC) Pvt Ltd, Project Ballet HMA Holdings (DIFC) Pvt Ltd and Project Ballet Udaipur Holdings (DIFC) Pvt Ltd are the company promoters. Leela Hotels Founded in 1986, Schloss Bangalore is the parent company of the luxury hotel chain ‘The Leela’ in India, one of the largest luxury hospitality chains in the country in terms of the number of keys.