IPO News Live: Leela Hotels, Aegis Vopak IPO Day 3, Prostarm Info Systems & ASTONEA LABS enters Day 2, Scoda Tube IPO opens for subscription

3D Word IPO with Target on Chalkboard Background – 3D Rendering
| Photo Credit:
porcorex

• 10:10 | May 28, 2025
  

  Leela Hotels IPO News Live: Leela Palaces parent firm Schloss Bangalore IPO subscribed 17 pc on day 2 – PTI
  

  The initial share sale of Schloss Bangalore, which operates Leela Palaces Hotels and Resorts, got subscribed 17 per cent on the second day of bidding on Tuesday.

  The Initial Public Offer (IPO) received bids for 76,99,164 shares against 4.66 crore (4,66,10,169) shares on offer, according to data available with the NSE.

  The portion for Retail Individual Investors (RIIs) received 41 per cent subscription while the quota for non-institutional investors got subscribed 11 per cent. Qualified Institutional Buyers (QIBs) part attracted 11 per cent subscription.

  Schloss Bangalore Ltd has garnered Rs 1,575 crore from anchor investors.

  The issue, with a price band of Rs 413-435 per share, will conclude on Wednesday.

  The company’s Rs 3,500-crore IPO is a combination of a fresh issue of equity shares worth Rs 2,500 crore and an offer for sale (OFS) of stocks valued at Rs 1,000 crore by promoter Project Ballet Bangalore Holdings (DIFC) Pvt Ltd.

  Schloss Bangalore, which is backed by Brookfield Asset Management, plans to use the proceeds of the fresh issue to pay loans availed by the company and its subsidiaries and for general corporate purposes.

  Schloss Bangalore, known for its luxurious hotels and resorts under “The Leela” brand, had a portfolio of 3,382 keys across 12 operational hotels as of May 31, 2024. Its portfolio includes The Leela Palaces, The Leela Hotels, and The Leela Resorts, located across 10 destinations in the country.

  The IPO is being managed by a consortium of 11 merchant bankers — JM Financial, BofA Securities India, Morgan Stanley India Company, JP Morgan India, Kotak Mahindra Capital Company, Axis Capital, Citigroup Global Markets India, IIFL Securities, ICICI Securities, Motilal Oswal Investment Advisors, and SBI Capital Markets.

  PTI

• 10:09 | May 28, 2025
  

  Aegis Vopak Terminals IPO Live news: gets subscribed 35 pc on Day 2 (PTI)
  

  The initial public offer of Aegis Vopak Terminals, a subsidiary of Aegis Logistics Ltd, received 35 per cent subscription on the second day of bidding on Tuesday.

  The company’s initial share sale received bids for 2,39,09,949 shares against 6,90,58,296 shares on offer, as per NSE data.

  The portion for Retail Individual Investors (RIIs) received 44 per cent subscription while the category for Qualified Institutional Buyers (QIBs) fetched 43 per cent subscription. Non-institutional investors part got subscribed 12 per cent.

  Aegis Vopak Terminals has raised Rs 1,260 crore from anchor investors.

  The issue, with a price band of Rs 223 to Rs 235 per share, will conclude on Wednesday.

  The company is valued at around Rs 26,000 crore at the upper end of the price band.

  The IPO is entirely a fresh issue of equity shares worth Rs 2,800 crore with no offer-for-sale (OFS) component, according to the red herring prospectus (RHP).

  Proceeds worth Rs 2,016 crore will be used for payment of debt, Rs 671.30 crore to fund capital expenditure for the acquisition of a cryogenic LPG terminal at Mangalore and the remaining amount will be allocated for general corporate purposes.

  Aegis Vopak Terminals owns and operates storage tank terminals across India. These terminals provide secure storage facilities for liquids like petroleum, vegetable oil, lubricants, chemicals, and gases such as LPG, propane, and butane.

  ICICI Securities, BNP Paribas, IIFL Capital Services, Jefferies India and HDFC Bank are the book running lead managers to the issue.

  PTI

• 10:08 | May 28, 2025
  

  Prostarm Info Systems IPO Live: Enters Day 2 on a strong note
  

  Prostarm Info Systems Ltd IPO enters Day 2 on a strong note. The IPO, which came out with a price band of ₹95-105, was subscribed over 3.5 times on Day 1 itself, as retail investors and non-institutions subscribed heavily. 

  The initial public offering will conclude on May 29. As against an offer of 1.12 crore shares, the IPO has received bids for nearly 3.98 crore shares. The retail portion had been subscribed 4.15 times, and the NII segment was even more aggressive bidders 6.83 times. The QIB portion has been filled 0.05 times.

  The IPO is entirely a fresh issue of 1.6 crore shares worth ₹168 crore, and the market lot is 142 shares.

  The shares will be listed on the BSE and the NSE. KFin Technologies Limited has been appointed the official Registrar of the public issue.

  Prostarm Info Systems intends to utilise ₹72.50 crore towards funding capital requirements, ₹17.95 crore for repayment/prepayment of all or a portion of certain outstanding borrowings and the remaining capital will be used for achieving inorganic growth through unidentified acquisitions and other strategic initiatives and for general corporate purposes.

  READ MORE

  

  Prostarm Info Systems IPO enters Day 2 on a strong note

  Prostarm Info Systems Ltd IPO Day 2 strong with 3.5x subscription, aiming to raise ₹168 crore for growth.

Published on May 28, 2025