Leela Hotels, Aegis Vopak IPO GMPs surge as subscription gains momentum; check key details

Leela Hotels, Aegis Vopak IPO GMP surge as subscription gains momentum.

Leela Hotels and Aegis Vopak continue to garner robust subscription in the primary market on the second day of initial share sale on Tuesday.

The initial public offer of Schloss Bangalore, which operates Leela Palaces Hotels and Resorts, got subscribed 13 percent on the second day day of bidding on Tuesday, till 4 PM. Earlier, the company garnered Rs 1,575 crore from anchor investors.

The issue, with a price band of Rs 413-435 per share, will conclude on May 28. The company's Rs 3,500-crore IPO is a combination of a fresh issue of equity shares worth Rs 2,500 crore and an offer for sale (OFS) of stocks valued at Rs 1,000 crore by promoter Project Ballet Bangalore Holdings (DIFC) Pvt Ltd.

Meanwhile, the IPO of Aegis Vopak Terminals, a subsidiary of Aegis Logistics Ltd, received a 32 percent subscription, the second day of bidding. Earlier, the company raised Rs 1,260 crore from anchor investors. The issue, with a price band of Rs 223 to Rs 235 per share, will conclude on May 28.

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.

According to platforms tracking the grey market premium activities, the shares of Leela Hotels are commanding a GMP of about 3 percent in the unofficial market, while Aegis Vopak IPO GMP is around 5 percent, according to Investorgain.

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