Leela Palaces Hotels IPO: Schloss Bangalore's offer fully subscribed on Day 3; here's how to check allotment

As of 1:15 PM, the ₹3,500-crore initial share sale received bids for 8,32,64,674 shares against 4,66,10,169 shares on offer, as per exchange data.

The category for Retail Individual Investors (RIIs) fetched 55% subscription, while the quota for non-institutional investors received 26% subscription. The portion for Qualified Institutional Buyers (QIBs) witnessed the most subscription with 2.96%.

The Initial Public Offer (IPO) of up to 67,08,000 equity shares has a price range of ₹205-216 per share.

Schloss Bangalore Ltd, which operates Leela Palaces Hotels and Resorts, has garnered ₹1,575 crore from anchor investors, days before its initial share sale opening for public subscription.

The firm, which operates 5-star hotels and resorts under the brand name The Leela Palaces and Hotels, is planning to raise ₹3,500 crore from the IPO, which is a combination of a fresh issue of ₹2,500 crore and an offer for sale worth ₹1,000 crore.

Leela Hotels is selling shares in a price band of ₹413-₹435 per share, and a retail investor can bid for a minimum of one lot of 34 shares up to a maximum of 13 lots. One lot of Leela Hotels shares in the IPO is priced at ₹14,790 at the upper end of the price band.

The IPO, which opened on Monday, May 26, will close on Wednesday, May 28. Tentative allotment of shares will happen on May 29, and the stock will be listed on exchanges on June 2.

• Chose ‘Equity & SME IPO bid details’

• Select Schloss Bangalore from the list of IPO names

• Enter your application number and PAN details

• Click ‘Submit’ to view the status of your IPO allotment.

• Select ‘Schloss Bangalore’ as the issue type.

• From the dropdown menu, select ‘Schloss Bangalore’. Identify yourself using either PAN details or IPO application number.

• Click on ‘I’m not a robot’ tab and press the ‘Search’ button to see the allotment details.

• Select any one of the five links to view the IPO allotment status.

• In the ‘Select IPO’ dropdown menu, select ‘Schloss Bangalore’.

• Select whether you want to identify yourself using your IPO application number, Demat account number or PAN.

• Share details as per the selected option.

• Complete the Captcha verification and click on ‘Submit