Leela Hotels, Aegis Vopak IPO Shares & Listing Price Live: Shares to debut on NSE, BSE today

FILE PHOTO: People walk outside the National Stock Exchange (NSE) in Mumbai, India, October 22, 2024. REUTERS/Francis Mascarenhas/File Photo
| Photo Credit:
FRANCIS MASCARENHAS

• 09:43 | June 2, 2025
  

  Aegis Vopak Terminals IPO Listing Live: Watch the listing ceremony live 
  

  (Source: X/@BSEIndia)

• 09:42 | June 2, 2025
  

  Leela Hotels IPO Listing Live: Watch the listing ceremony live 
  

  (Source: X/@NSEIndia)

• 09:40 | June 2, 2025
  

  Brookfield-Backed Leela Luxury Hotels to Begin Trading in India – Bloomberg
  

  The operator of the Leela luxury hotels will begin trading in Mumbai on Monday after completing India’s second-largest initial public offering this year.

  Schloss Bangalore Ltd., which is owned by Brookfield Asset Management Ltd., sold its shares at 435 rupees apiece, the top end of their marketed range. The IPO raised 35 billion rupees ($409 million), second only to Hexaware Technologies Ltd.’s billion-dollar deal this year in India. 

  Leela hotels are regularly recognized among the best in the country, and Schloss is riding on a recent rally in Indian stocks. The company is counting on the proceeds to help it add seven new hotels as India’s burgeoning middle class drives up spending in travel and luxury in the world’s most populous country.

  Hotel stocks including Indian Hotels Co., EIH Ltd. and Chalet Hotels Ltd. have outpaced the country’s benchmark index on the back of this growth. 

  Schloss owns five properties across India, including the opulent lakeside Leela Palace Udaipur, where guests make their way to the hotel on boats. It also franchises several hotels under the Leela brand. It turned profitable last fiscal year after posting at least two annual losses, according to its prospectus.

  India’s IPO market, one of the world’s busiest last year, has slowed down in 2025 after US President Donald Trump’s tariffs unsettled markets. But the benchmark index has been rallying of late, leading some bankers to voice optimism about future listings in the country.

  Bloomberg

• 09:39 | June 2, 2025
  

  IPO Highlights: Leela Palaces parent firm Schloss Bangalore IPO subscribed 4.50 times
  

  The initial share sale of Schloss Bangalore, which operates Leela Palaces Hotels and Resorts, received 4.50 times subscription on the closing day of bidding on Wednesday.

  The Initial Public Offer (IPO) received bids for 20,96,73,206 shares against 4,66,10,169 shares on offer, as per NSE data.

  The portion for Qualified Institutional Buyers (QIBs) attracted 7.46 times subscription while the quota for non institutional investors got subscribed 1.02 times. The category for Retail Individual Investors (RIIs) fetched 83 per cent subscription.

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

  The issue has a price band of Rs 413-435 per share.

  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 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

• 09:39 | June 2, 2025
  

  IPO highlights: Aegis Vopak Terminals IPO subscribed 2 times
  

  The initial public offer of Aegis Vopak Terminals, a subsidiary of Aegis Logistics Ltd, fetched 2.09 times subscription on the closing day of bidding on Wednesday.

  The company’s initial share sale received bids for 14,43,70,548 shares against 6,90,58,296 shares on offer, as per data available with the NSE.

  The portion for Qualified Institutional Buyers (QIBs) received 3.30 times subscription. The quota for Retail Individual Investors (RIIs) got subscribed 77 per cent while the category for non institutional investors received 56 per cent subscription.

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

  The issue has a price band of Rs 223-235 per share.

  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

Published on June 2, 2025