Last Updated:May 31, 2025, 16:03 IST
Leela Hotels IPO Vs Aegis Vopak Terminals IPO: The two IPOs, which closed on May 28 with a muted response, are going to be listed on both BSE and NSE on Monday, June 2.
According to market observers, the grey market premiums (GMP), which indicate listing gain/ loss, are indicating flat or negative listing for Aegis Vopak Terminals Ltd and Schloss Bangalore Ltd.
Aegis Vopak Terminals Ltd, a subsidiary of Aegis Logistics Ltd, and Schloss Bangalore Ltd, the owner of Leela Palaces Hotels and Resorts, are set to make their stock market debuts next week. The two IPOs, which closed on May 28 with a muted response from investors, are going to be listed on both BSE and NSE on Monday, June 2.
Leela Hotels IPO Vs Aegis Vopak Terminals IPO: GMP Today
According to market observers, their grey market premiums (GMP), which indicate listing gain/ loss, are indicating flat or negative listing. The GMP of the Aegis Vopak Terminals IPO on Saturday, May 31, stood at just 0.64% and that of the Leela Hotels IPO at only 0.69%.
Leela Hotels IPO Vs Aegis Vopak Terminals IPO: Subscription Remained Weak
On the final day of bidding on Wednesday (May 29), the Leela Hotels IPO received a muted 4.72 times subscription, with a bidding of 20,87,17,330 shares against the offered shares of 4,42,52,875. The retail quota was not fully subscribed and received just 0.87 times subscription, while NII participation also remained low at 1.08 times. Its qualified institutional buyer (QIB) category got a 7.82 times subscription.
The Aegis Vopak Terminals IPO received a subdued 2.20 times subscription, with a bidding of 14,43,70,359 shares against the offered shares of 6,55,31,915. The retail and NII quotas were not fully subscribed and their participation stood at 0.81 times and 0.59 times, respectively. Its qualified institutional buyer (QIB) category got a 3.47 times subscription.
Founded in 1986, Schloss Bangalore is the parent company of the luxury hotel chain ‘The Leela’ in India, one of the largest luxury hospitality chains in the country in terms of the number of keys.
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.
Recent IPO Listings
The GMPs of both the Leela Hotels IPO and the Aegis Vopak Terminals IPO remain low and are in line with the recent listing trends.
Last week, four companies — Borana Weaves, Belrise Industries, Dar Credit and Capital (NSE SME), and Unified Data Tech (BSE SME) — listed on stock exchanges on a weak note. They listed at gains of just 12.5%, 11.11%, 8.58%, and 4.4%, respectively.
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to markets, economy and companies. Having a decade of experience in financial journalism, Haris has been previously asso…Read More
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to markets, economy and companies. Having a decade of experience in financial journalism, Haris has been previously asso… Read More
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