Lodge Leela IPO Information, Upcoming IPOs: Mumbai, Maharashtra-headquartered Lodge Leela is ready to launch an preliminary public provide (IPO) on Thursday, Could 22. The upcoming IPO, value an estimated Rs 3,500 crore, includes contemporary issuance value Rs 2,500 crore and a proposal on the market (OFS) value Rs 1,000 crore. If profitable, the Lodge Leela IPO will result in the itemizing of the corporate’s inventory on exchanges BSE and NSE.
Lodge Leela’s IPO follows comes shut on the heels of two different mainboard points: Belrise Industries and Borana Weaves. These IPOs come after a niche of about three weeks in mainboard gives.
Listed here are key issues to know concerning the upcoming Lodge Leela IPO:
Lodge Leela IPO to hit Avenue Quickly | Necessary dates & timings
The IPO will open for subscription on Monday, Could 26, and shut on Wednesday, Could 28.
Bidding can be out there throughout regular IPO hours, from 10 am to five pm on the three buying and selling days.
The Lodge Leela IPO will endure allotment tentatively on Thursday, Could 29.
The itemizing of Lodge Leela shares on the inventory exchanges is probably going tentatively on Monday, Jun 2.
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Lodge Leela IPO | Concern value & lot measurement
Underneath the three-day IPO window, Lodge Leela shares will be out there for bidding in a value vary of Rs 413-435 per fairness share, in multiples of 34 shares.
On the given value band, the lot measurement of 34 fairness shares interprets to Rs 14,042-14,790 per lot.
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Lodge Leela Share Sale | Reservation
Whereas 75 per cent of the problem is reserved for certified institutional patrons (QIBs), 10 per cent is reserved for retail buyers and 15 per cent for non-institutional buyers (high-net value people), based on the provide paperwork.
Lodge Leela firm profile
Headquartered in Mumbai, Schloss Bangalore is a luxurious hospitality chain that operates the Leela model in India. The corporate owns, operates and develops luxurious lodges and resorts in varied elements of the nation.
Its owned property portfolio includes 5 landmark lodges in New Delhi, Bengaluru, Chennai, Jaipur and Udaipur.
