Leela Hotels IPO and Aegis Vopak Terminals IPO:
Investors will have two fresh opportunities to participate in the primary market tomorrow as the Initial Public Offerings (IPOs) of Leela Hotels and Aegis Vopak Terminals are set to open for subscription. Both IPOs are bookbuilding issues aiming to raise significant capital, with Leela Hotels targeting ₹3,500 crores and Aegis Vopak Terminals looking to raise ₹2,800 crores.
Leela Hotels IPO Details:
The Leela Hotels IPO is a combination of a fresh issue of 5.75 crore shares aggregating to ₹2,500 crores and an offer for sale of ₹1,000 crores. The price band for the Leela Hotels IPO has been fixed at ₹413 to ₹435 per share.
Retail investors can apply for a minimum lot size of 34 shares, requiring a minimum investment of ₹14,042. However, to avoid potential oversubscription challenges, it is suggested that investors bid at the cutoff price, which would amount to approximately ₹14,790. For Small Non-Institutional Investors (sNII), the minimum lot size is 14 lots (476 shares), totaling ₹2,07,060, while Big Non-Institutional Investors (bNII) can apply for 68 lots (2,312 shares), amounting to ₹10,05,720.
The subscription window for Leela Hotels IPO will close on May 28, 2025. The allotment is expected to be finalized on Thursday, May 29, 2025, with a tentative listing date on BSE and NSE fixed for Monday, June 2, 2025. Jm Financial Limited, Bofa Securities India Limited, and Morgan Stanley India Company Pvt Ltd. are the book running lead managers for the Leela Hotels IPO.
For Details: Schloss Bangalore Limited IPO(The Leela Hotels IPO) Set To Opens on May 26
Aegis Vopak Terminals IPO Details:
Aegis Vopak Terminals’ IPO is entirely a fresh issue of 11.91 crore shares, aiming to raise ₹2,800 crores. The price band for this IPO has been set at ₹223 to ₹235 per share.
For retail investors, the minimum lot size for an application is 63 shares, requiring a minimum investment of ₹14,805 at the higher price band. Similar to the Leela Hotels IPO, it is advisable for investors to bid at the cutoff price to mitigate oversubscription risks, which would bring the investment to around ₹14,805. For sNII, the minimum lot size is 14 lots (882 shares), amounting to ₹2,07,270, and for bNII, it is 68 lots (4,284 shares), amounting to ₹10,06,740.
The subscription period for Aegis Vopak Terminals IPO will also run from May 26, 2025, to May 28, 2025. The allotment is expected to be finalized on Thursday, May 29, 2025, with the shares tentatively listing on BSE and NSE on Monday, June 2, 2025. ICICI Securities Limited, Bnp Paribas, Jefferies India Private Limited, and Hdfc Bank Limited are the book running lead managers for the Aegis Vopak Terminals IPO.
For More Details: ₹2,800 Crore IPO Alert: Aegis Vopak Terminals IPO Set to Debut on Indian Bourses
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