The Leela Hotels IPO GMP History
The Leela Hotels IPO has been listed on June 2, 2025 at a listing price of ₹406, against the issue price of ₹435 — a loss of ₹29 (-6.67%). The GMP peaked at ₹19 on 23 May 2025 and reached a low of ₹2 on 31 May 2025. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
The Leela Hotels IPO raised ₹3500 Cr. through its IPO at a price band of ₹413 to ₹435 per share, with a lot size of 34 shares. The IPO was open for subscription from 26 May 2025 to 28 May 2025.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 10 Nov, 5:58 AM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 31 May 2025 | ₹ 2 | ▼ | -- | — | — |
| 30 May 2025 | ₹ 3 | ▼ | 1% | — | — |
| 28 May 2025 | ₹ 5 | ▼ | 1% | — | — |
| 27 May 2025 | ₹ 6 | ▼ | 1% | — | — |
| 26 May 2025 | ₹ 11 | ▼ | 3% | — | — |
| 25 May 2025 | ₹ 14 | ▼ | 3% | — | — |
| 23 May 2025 | ₹ 19 | ▲ | 4% | — | — |
| 21 May 2025 | ₹ 12 | — | 3% | — | — |
The Leela Hotels IPO dates
Key dates from opening to listing. Today is 10 November.
- Open 26 May 2025
- Close 28 May 2025
- Allotment 29 May 2025
- Refund/credit 30 May 2025
- Listing 02 Jun 2025
The Leela Hotels IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹435 |
|---|---|
| GMP-based estimate (pre-listing) | ₹437 (+0.5%) |
| Listing gain / loss | −₹29 per share |
| Listing date | 02 Jun, 2025 |
| Actual listing price | ₹406 (-6.67%) |
Is The Leela Hotels IPO GMP reliable?
Grey market premium for The Leela Hotels IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the The Leela Hotels IPO full review for a fundamentals-based assessment before making any grey market trades.
The Leela Hotels IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for The Leela Hotels IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About The Leela Hotels IPO
Schloss Bangalore Limited was established on 20 March 2019. It owns, operates, manages and develops luxury hotels and resorts under The Leela brand. The portfolio includes The Leela Palaces, The Leela Hotels and The Leela Resorts.
On 31 March 2025 the portfolio had 3,553 keys across 13 operational hotels. Five hotels were owned, seven were managed under hotel management agreements and one was run under a franchise arrangement.
The owned hotels are in Bengaluru, Chennai, New Delhi, Jaipur and Udaipur. The promoters are Brookfield group holding entities based in the Dubai International Financial Centre.
The IPO was Rs 3,500 crore, with Rs 2,500.00 crore of fresh issue and Rs 1,000.00 crore of offer for sale. Most of the fresh money was planned for reducing debt, directly and through subsidiaries.
Frequently asked
What is the GMP of The Leela Hotels IPO?
The current Grey Market Premium (GMP) of The Leela Hotels IPO is ₹ 2.
What is the Kostak Price of The Leela Hotels IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for The Leela Hotels IPO is not available.
What is the Subject to Sauda Price of The Leela Hotels IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of The Leela Hotels IPO?
The Leela Hotels IPO listed on June 2, 2025 at ₹406, against the issue price of ₹435 — a loss of -6.67%.
How did the GMP of The Leela Hotels IPO trend before listing?
The GMP of The Leela Hotels IPO was falling in its final days before listing. The GMP peaked at ₹19 on 23 May 2025. View the day-wise table above for the complete GMP history.
Explore The Leela Hotels IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
