The Leela Hotels IPO: Issue booked 4.5 times on final day

The Leela IPO Subscription Details: The Leela's initial public offering (IPO) has closed on Wednesday, May 28 with a total subscription of 4.50 times or 20,96,73,240 shares against 4,66,10,169 shares.

Category-wise subscription status

On the last day bidding process, the Retail Individual Investors (RIIs) segment saw a response of 83 per cent of the allocated portion subscribed, according to the BSE data.

The Non-Institutional Investors (NIIs) category recorded a 1.02 times subscription.

In contrast, the Qualified Institutional Buyers (QIBs) showed strong interest, subscribing 7.46 times their allotted quota.

The Leela IPO: Price band

The price band for the issue is set at Rs 413 to Rs 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).