Overview

• Leela Hotels' IPO will raise Rs 3,500 crore, comprising a Rs 2,500 crore fresh issue and a Rs 1,000 crore offer for sale, with shares priced at Rs 413–435 per share.
• Anchor investors, including leading domestic and global institutions, have committed Rs 1,575 crore at the upper price band of Rs 435 per share.
• The IPO proceeds will primarily be used to repay Rs 2,300 crore in debt, aiming to make the company net debt-free, and fund corporate growth initiatives.
• The IPO marks one of six listings opening May 26–30, signaling a resurgence in India's primary capital markets after months of subdued activity.
• Brookfield Asset Management, the promoter of Leela Hotels, will dilute its stake by 24%, while the company plans to invest Rs 1,131 crore in five new luxury properties by 2028.