What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the estimated listing price for Schloss Bangalore Limited (Leela Hotels IPO) IPO?

Based on the upper price band of ₹435 and current GMP of ₹2, the estimated listing price is ₹437 (approx. 0.5% gain).

What is the expected profit per lot for Schloss Bangalore Limited (Leela Hotels IPO) IPO?

With a lot size of 34 shares and current GMP of ₹2, expected profit per retail application lot is approximately ₹68.

IPO GreyPremiumLIVE

Grey Market Intelligence

Schloss Bangalore Limited (Leela Hotels IPO)

ListedMainboard

Consumer Services / Hospitality · NSE / BSE

Established on March 20, 2019, The Leela Palaces, Hotels & Resorts operates as a luxury hospitality group under private equity funds managed by Brookfield. The company owns, operates, and manages premium hotels across India through direct ownership and third-party management contracts. As of May 31, 2024, the brand has 12 operational hotels with 3,382 keys, including 5 landmark owned properties across Bengaluru, Chennai, New Delhi, Jaipur, and Udaipur. With iconic dining brands like Jamavar, Le Cirque and Megu, premium MICE offerings, and 12 wellness spas (including an upcoming Soneva spa in Bengaluru), The Leela continues to reinforce its leadership in India’s luxury hotel segment.

Price Band

₹413 – ₹435

Issue Size

₹3500 Cr

Lot Size

34 shares

GMP

₹2

+0.5%

Est. Listing

₹437

at current GMP

Subscribed

4.74x

overall

Open

26 May 2025

28 May 2025

Allotment

29 May 2025

Refund

30 May 2025

Demat Credit

31 May 2025

Listing

2 Jun 2025

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

Schloss Bangalore Limited (Leela Hotels IPO) GMP Today

Last updated: 19 Oct 2026

Current Premium

₹2+0.5%

Issue Price (Upper)

₹435

Band: ₹413 – ₹435

Estimated Listing Price

₹437

Upper price + GMP

Lot Size

34 shares

Min investment ₹14,790

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹2	0.5%	₹437
30 Oct 2026	+₹2	0.5%	₹437
29 Oct 2026	+₹2	0.4%	₹437

About Schloss Bangalore Limited (Leela Hotels IPO) Public Issue & Market Profile

Schloss Bangalore Limited (Leela Hotels IPO) is bringing an initial public offering (IPO) in the Consumer Services / Hospitality sector with an aggregate issue size of ₹3,500 Crores. The shares are offered at a price band of ₹413 to ₹435 per equity share on NSE and BSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.

Public Issue & Pricing Context:

The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.

Basis of Allotment & Listing Timeline:

Following the close of bidding on 2025-05-28, the basis of allotment is scheduled to be finalized on 2025-05-29. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Kfin Technologies Limited) or the BSE allotment checking window.

Frequently Asked Questions

What is Schloss Bangalore Limited (Leela Hotels IPO) IPO GMP today?

The latest grey market premium for Schloss Bangalore Limited (Leela Hotels IPO) IPO is ₹2, which indicates an expected listing price of ₹437.

What does Kostak Rate and Sauda mean in IPO GMP?

Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.

Is Grey Market Premium officially recognized?

No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.