Leela Hotels IPO Allotment Date in Focus: Latest GMP, Steps to Check Share Allotment Status Online

Mumbai, May 29, 2025 — The spotlight is now on the allotment of shares for the Leela Hotels IPO, formally listed under Schloss Bangalore Limited, as investors await confirmation of their bids. Following a three-day subscription window that closed on May 28, 2025, the IPO’s allotment status has now become the talk of Dalal Street.

With the listing scheduled for early next week and the grey market showing signs of subdued excitement, all eyes are on investor dashboards, allotment status portals, and upcoming listing-day strategies.

IPO Snapshot: Quick Overview

• Company Name: Schloss Bangalore Ltd (Leela Hotels)

• IPO Opened On: May 26, 2025

• IPO Closed On: May 28, 2025

• Price Band: ₹413 to ₹435 per share

• Minimum Bid Lot: 34 shares

• Total Issue Size: ₹3,500 crore

• Break-up: ₹2,500 crore fresh issue + ₹1,000 crore offer for sale

• Listing Exchanges: BSE, NSE

• Listing Date (Tentative): June 2, 2025

Allotment Date Confirmed: Here’s What to Expect

The allotment process has been finalized today, May 29, 2025. Investors who applied through retail, HNI, or institutional categories can now check their allotment status using any of the standard methods provided by the registrar and stock exchanges.

How to Check Leela Hotels IPO Allotment Status Online

To check whether you’ve been allotted shares, here are the steps:

1. Via Registrar (KFin Technologies)

• Go to the registrar's IPO status page.

• Select "Leela Hotels" or "Schloss Bangalore Ltd" from the dropdown.

• Enter your PAN, application number, or client ID.

• Click on "Submit" to view your allotment status.

2. Using Your Broker’s Platform

Most brokers like Zerodha, Upstox, Groww, and Angel One display allotment status under their IPO section. Log in and check under the “Orders” or “IPO” tab.

3. Via BSE or NSE Portal

• Choose "Equity" in the dropdown menu.

• Select the IPO name.

• Enter PAN and application details.

• Click submit to check the result.

GMP Update: Grey Market Premium at a Glance

The Grey Market Premium (GMP) for Leela Hotels IPO saw notable fluctuations throughout the subscription window:

• Initial GMP hovered around ₹22, reflecting early optimism.

• Towards the close of the IPO, GMP dipped sharply to ₹5–₹7.

• As of May 29, 2025, GMP stands at approximately ₹6.

This suggests a potential listing price of ₹441, indicating a modest premium of 1.4% over the upper price band. The GMP cooling down indicates tempered sentiment — possibly due to valuation concerns or general market mood.

Subscription Status Across Categories

Here’s how the IPO performed across different investor groups:

The IPO was not fully subscribed in the retail category, meaning all valid retail applications are expected to get a 100% allotment. The strong response from institutional investors indicates solid backing from long-term players.

Refund and Credit Timeline

For those who were not allotted shares, refunds are expected to begin from May 30, 2025. If you paid through UPI, the blocked amount will be unblocked automatically. For net banking or ASBA applicants, funds will be credited back to the original bank account.

Investors who were allotted shares can expect credit to their Demat accounts on May 30, 2025, ahead of the listing.

Company Profile: About Leela Hotels

Leela Hotels, now owned by Brookfield Asset Management, operates under the entity name Schloss Bangalore Limited. The company has established itself as a luxury hospitality icon in India with flagship properties in Mumbai, Delhi, Bengaluru, and Goa.

The proceeds from the IPO are earmarked for:

• Debt repayment.

• Refurbishment of existing properties.

• Expansion of hotel presence in India and selected overseas markets.

• Working capital and general corporate purposes.

The company plans to add seven new properties by FY28, indicating ambitious growth plans backed by a global private equity sponsor.

Market Buzz: Analysts Remain Cautiously Optimistic

While institutions have responded positively, retail investors seem to be sitting this one out, likely due to the muted GMP and market volatility. Still, analysts remain cautiously optimistic about the company's long-term prospects.

Key reasons cited include:

• Brand strength in the luxury hospitality segment.

• Support from Brookfield’s global ecosystem.

• Favorable government initiatives boosting tourism and hospitality.

However, some caution stems from:

• Competitive pressure in the luxury segment.

• High fixed costs and dependency on seasonal demand.

• Sensitivity to macroeconomic and geopolitical disruptions.

Expected Listing Performance

If current GMP levels hold, Leela Hotels is expected to list near its issue price. Any unexpected market sentiment or bulk buying from institutions could push the stock higher, but volatility is expected on listing day.

Market participants will be watching closely to see if the listing premium sustains or if it fizzles out post-listing.

Key Dates to Remember

Final Thoughts

The Leela Hotels IPO has been a mixed bag — strong backing from institutions, lukewarm retail participation, and a GMP that’s been on a roller-coaster ride. While retail investors can expect full allotment due to undersubscription, listing gains might be limited in the near term.

That said, with strong fundamentals, a luxury brand portfolio, and growth plans underway, Schloss Bangalore Limited could offer long-term value to investors with patience and a focus on India’s rising hospitality and tourism sector.

For investors who received allotment, all eyes are now on the listing date. For those who didn’t, the unblocked funds could be redeployed in upcoming IPOs or secondary market opportunities.

This article is for informational purposes only and should not be construed as investment advice. Always consult your financial advisor before making any investment decisions.