Two major IPOs set to open on Monday after raising ₹2,835 crore from anchor investors 

Two significant initial public offerings are set to open for public subscription on Monday, May 26, 2025, after both companies successfully completed their anchor investor rounds, collectively raising ₹2,835 crore.

Brookfield-backed The Leela Palaces, Hotels & Resorts (Schloss Bangalore Limited) raised ₹1,575 crore from 47 anchor investors at the upper end of its price band at ₹435 per equity share. The company allotted 36,206,896 equity shares, with 14,252,970 shares going to nine domestic mutual funds across 20 schemes. The IPO will close on Wednesday, May 28, 2025, with a price band of ₹413-435 per share and minimum bid requirement of 34 shares.

Aegis Vopak Terminals Limited secured ₹1,259.99 crore from 32 anchor investors, allotting 5,36,17,021 equity shares at ₹235 per share, which includes a share premium of ₹225. Both shares carry a face value of ₹10 each.

The anchor books attracted participation from prominent institutional investors including HDFC Mutual Fund, ICICI Prudential MF, Nippon India MF, and insurance companies Max Life and Birla Life. International interest came from Fidelity, Norges Bank, Think Invest, and TT International among others.

ICICI Securities, BNP Paribas, IIFL Capital Services, Jefferies India, and HDFC Bank are serving as book running lead managers for the Aegis Vopak issue.

Published on May 24, 2025