{"id":41227,"date":"2025-05-26T13:04:30","date_gmt":"2025-05-26T07:34:30","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=41227"},"modified":"2025-05-26T15:33:16","modified_gmt":"2025-05-26T10:03:16","slug":"leela-hotels-ipo-gmp","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/leela-hotels-ipo-gmp\/","title":{"rendered":"Leela Hotels IPO GMP: Day 1 IPO Live Updates"},"content":{"rendered":"<p>The Leela Hotels&nbsp;IPO GMP is at \u20b915 as of 26th May 2025. The public issue for Leela Hotels is a bookbuilt of \u20b93,500.00 crores, consisting of a fresh issue portion for 5.75 crore shares worth \u20b92,500 crores and an OFS portion for 2.30 crore shares worth \u20b91,000 crores. The Leela Hotels IPO will be open for subscription for 26th May 2025 and will be closing on 28th May 2025.&nbsp;<\/p><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/leela-hotels-ipo-gmp\/#Leela_Hotels_IPO_GMP_Grey_Market_Premium\" title=\"Leela Hotels IPO (GMP) Grey Market Premium\">Leela Hotels IPO (GMP) Grey Market Premium<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/leela-hotels-ipo-gmp\/#Leela_Hotels_IPO_Details\" title=\"Leela Hotels IPO Details\">Leela Hotels IPO Details<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/leela-hotels-ipo-gmp\/#Leela_Hotels_IPO_Schedule\" title=\"Leela Hotels IPO Schedule&nbsp;\">Leela Hotels IPO Schedule&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/leela-hotels-ipo-gmp\/#Leela_Hotels_IPO_%E2%80%93_Objectives\" title=\"Leela Hotels IPO &#8211; Objectives\">Leela Hotels IPO &#8211; Objectives<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/leela-hotels-ipo-gmp\/#Leela_Hotels_IPO_Registrar\" title=\"Leela Hotels IPO Registrar\">Leela Hotels IPO Registrar<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/leela-hotels-ipo-gmp\/#Leela_Hotels_IPO_Review\" title=\"Leela Hotels IPO Review\">Leela Hotels IPO Review<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/leela-hotels-ipo-gmp\/#Leela_Hotels_IPO_Technical_Analysis\" title=\"Leela Hotels IPO Technical Analysis\">Leela Hotels IPO Technical Analysis<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/leela-hotels-ipo-gmp\/#FAQs_on_Leela_Hotels_IPO\" title=\"FAQs on Leela Hotels IPO\u00a0\">FAQs on Leela Hotels IPO\u00a0<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/leela-hotels-ipo-gmp\/#What_is_Leela_Hotels_IPO_GMP\" title=\"What is Leela Hotels IPO GMP?\">What is Leela Hotels IPO GMP?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/leela-hotels-ipo-gmp\/#What_is_Leela_Hotels_IPO\" title=\"What is Leela Hotels IPO?\">What is Leela Hotels IPO?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/leela-hotels-ipo-gmp\/#What_is_the_Leela_Hotels_IPO_price\" title=\"What is the Leela Hotels IPO price?&nbsp;\">What is the Leela Hotels IPO price?&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/leela-hotels-ipo-gmp\/#Who_is_the_registrar_of_Leela_Hotels_IPO\" title=\"Who is the registrar of Leela Hotels IPO?&nbsp;\">Who is the registrar of Leela Hotels IPO?&nbsp;<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/leela-hotels-ipo-gmp\/#Recent_News_Articles\" title=\"Recent News Articles\">Recent News Articles<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Leela_Hotels_IPO_GMP_Grey_Market_Premium\"><\/span><strong>Leela Hotels IPO (GMP) Grey Market Premium<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>As of 26th May 2025, the Leela Hotels IPO GMP stands at a figure of \u20b915 per share. It indicates a tentative listing price of \u20b9450 [(GMP (15) + cap price (435) ] with estimated listing gains of 3.45%. However, the Leela Hotels GMP is subject to change depending on market conditions and sentiment. Explore the table below to know more about the Leela Hotels IPo GMP updates.&nbsp;<\/p><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td>GMP Date<\/td><td>IPO Price<\/td><td>GMP<\/td><td>Estimated Listing&nbsp;Price (\u20b9)<\/td><td>Estimated Listing Gains (%)<\/td><\/tr><tr><td>26-06-2025<\/td><td>\u20b9435<\/td><td>\u20b915<\/td><td>\u20b9450<\/td><td>3.45%<\/td><\/tr><tr><td>25-05-2026<\/td><td>\u20b9435<\/td><td>\u20b913<\/td><td>\u20b9448<\/td><td>2.99%<\/td><\/tr><tr><td>24-05-2026<\/td><td>\u20b9435<\/td><td>\u20b920<\/td><td>\u20b9455<\/td><td>4.60%<\/td><\/tr><tr><td>23-05-2025<\/td><td>\u20b9435<\/td><td>\u20b920<\/td><td>\u20b9455<\/td><td>4.60%<\/td><\/tr><tr><td>22-05-2025<\/td><td>\u20b9435<\/td><td>\u20b914<\/td><td>\u20b949<\/td><td>3.22%<\/td><\/tr><tr><td>21-05-2025<\/td><td>\u20b9435<\/td><td>\u20b912<\/td><td>\u20b9447<\/td><td>2.76%<\/td><\/tr><tr><td>20-05-2025<\/td><td>\u20b9435<\/td><td>\u20b90<\/td><td>\u20b9435<\/td><td>0.00%<\/td><\/tr><\/tbody><\/table><\/figure><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Leela_Hotels_IPO_Details\"><\/span><strong>Leela Hotels IPO Details<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>Leela Hotels IPO is being issued with a price band of \u20b9413 to \u20b9435 per share. Considering the minimum ot size of 34 shares, the minimum investment amount for retail investors is \u20b914,402. However, for sNIIs, the minimum lot size is 476 shares (14 lots) aggregating to \u20b92,07,060, and for bNIIs, the minimum investment size is 2,312 shares (68 lots) amounting to \u20b910,05,720.&nbsp;<\/p><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td colspan=\"2\">Price Band&nbsp;<\/td><td>\u20b9413 to \u20b9435 per share<\/td><\/tr><tr><td colspan=\"2\">Face Value&nbsp;<\/td><td>\u20b910<\/td><\/tr><tr><td colspan=\"2\">Lot Size<\/td><td>34 shares<\/td><\/tr><tr><td rowspan=\"2\">Isse Size&nbsp;<\/td><td>Fresh Issue<\/td><td>5,74,71,264 (\u20b92,500 crores)<\/td><\/tr><tr><td>OFS<\/td><td>2,29,88,505 (\u20b91,000.00 crores)<\/td><\/tr><tr><td colspan=\"2\">Issue Type<\/td><td>BSE, NSE<\/td><\/tr><\/tbody><\/table><\/figure><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Leela_Hotels_IPO_Schedule\"><\/span><strong>Leela Hotels IPO Schedule&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td>Open Date&nbsp;<\/td><td>26th May 2025 &#8211; Monday&nbsp;<\/td><\/tr><tr><td>Close Date<\/td><td>28th May 2025 &#8211; Wednesday<\/td><\/tr><tr><td>Tentative Allotment<\/td><td>29th May 2025 &#8211; Thursday&nbsp;<\/td><\/tr><tr><td>Refund Initiation &amp; Credit of Shares in Demat&nbsp;<\/td><td>30th May 2025 &#8211; Friday&nbsp;<\/td><\/tr><tr><td>Listing Date&nbsp;<\/td><td>2nd June 2025&nbsp; &#8211; Monday&nbsp;<\/td><\/tr><\/tbody><\/table><\/figure><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Leela_Hotels_IPO_%E2%80%93_Objectives\"><\/span><strong>Leela Hotels IPO &#8211; Objectives<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p><a href=\"https:\/\/www.theleela.com\/\" rel=\"nofollow noopener\" target=\"_blank\">Leela Hotels Palace Resorts<\/a> proposes to use the net proceeds from the public issue in the following objectives.&nbsp;<\/p><ol class=\"wp-block-list\"><li>Repayment\/ prepayment\/ redemption in full or in part of certain outstanding borrowings, interest accrued, and prepayment penalties availed by the company itself or its subsidiaries.&nbsp;<\/li>\n\n<li>General corporate purposes.&nbsp;<\/li><\/ol><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Leela_Hotels_IPO_Registrar\"><\/span><strong>Leela Hotels IPO Registrar<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>Leela Hotels is going to raise \u20b93,500 crores from the public issue, which is open for subscription today, 26th May 2025. <a href=\"https:\/\/univest.in\/stocks\/kfintech\/kfin-technologies-ltd-share-price-today\">Kfin Technologies Limited<\/a> has been appointed as the registrar for the Leela Hotels IPO. For any queries regarding the IPO, you can contact Kfin Technologies Limited at reachus@kfintech.com or 04067162222 or 04079611000.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Leela_Hotels_IPO_Review\"><\/span><strong>Leela Hotels IPO Review<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"536\" src=\"https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2025\/05\/26125924\/leela-image-2-1-1024x536.jpg\" alt=\"\" class=\"wp-image-41231\" srcset=\"https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2025\/05\/26125924\/leela-image-2-1-1024x536.jpg 1024w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2025\/05\/26125924\/leela-image-2-1-300x157.jpg 300w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2025\/05\/26125924\/leela-image-2-1-768x402.jpg 768w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2025\/05\/26125924\/leela-image-2-1-900x471.jpg 900w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2025\/05\/26125924\/leela-image-2-1-600x314.jpg 600w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2025\/05\/26125924\/leela-image-2-1-150x79.jpg 150w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2025\/05\/26125924\/leela-image-2-1.jpg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure><p>The Leela Hotels IPO has attracted mixed views from various brokers, experts, and institutional investors. Leela Hotels is the largest pure-luxury hotel chain in India by number of keys. As of FY25, the hotel company operates 13 hotels in 11 locations in India and is looking to boost its room count by 20% in the future.&nbsp;<\/p><p>During the same period, Leela Hotels posted a profit of \u20b947.66 crores, breaking its loss-making streak from previous years. However, analysts recommend that the Leela Hotels IPO is suitable for long-term investment, and investors with a cash surplus and a long-term horizon can apply for the issue.&nbsp;<\/p><p>Canara Bank Securities has flagged the public issue due to its high P\/E of 220.8x against the industry average of 98.9x. It also highlighted a reasonable P\/B ratio of 2.92x, issuing a \u201cSubscribe with Caution\u201d for high-risk long-term investors. Bajaj Broking also issued a long-term view for the Leela Hotels IPO.&nbsp;<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Leela_Hotels_IPO_Technical_Analysis\"><\/span><strong>Leela Hotels IPO Technical Analysis<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td>RONW&nbsp;<\/td><td>1.32%<\/td><\/tr><tr><td>P\/B Value&nbsp;<\/td><td>2.92x<\/td><\/tr><tr><td>NAV<\/td><td>148.88<\/td><\/tr><\/tbody><\/table><\/figure><p>The <a href=\"https:\/\/univest.in\/blogs\/price-to-earnings-ratio-p-e-ratio\">price-to-earnings<\/a> ratio of Leela Hotels Palace and Resorts is 2.71, and the earnings-per-share is 160.63. The Leela Hotels IPO P\/E and EPS are subject to change after the IPO. Refer to the table below for more information.<\/p><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><\/td><td>Pre IPO<\/td><td>Post IPO<\/td><\/tr><tr><td>EPS (\u20b9)<\/td><td>2.71<\/td><td>2.04<\/td><\/tr><tr><td>P\/E&nbsp;<\/td><td>160.63<\/td><td>213.09<\/td><\/tr><\/tbody><\/table><\/figure><p><em>For regular stock updates, dividend alerts, and expert verdicts, stay informed with Univest!<\/em><\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"FAQs_on_Leela_Hotels_IPO\"><\/span><strong>FAQs on Leela Hotels IPO\u00a0<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_Leela_Hotels_IPO_GMP\"><\/span><strong>What is Leela Hotels IPO GMP?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>As on 26th May 2025, the Leela Hotels IPO GMP is \u20b915 per share, indicating a listing price of \u20b9450 per share with a gain of 3.45%.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_Leela_Hotels_IPO\"><\/span><strong>What is Leela Hotels IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Leela Hotels IPO is a book-built public issue of \u20b93,500 crores. The issue consists of a fresh issue for 5.75 crore shares and an offer for sale of 2.30 crore shares. The IPO is open for subscription on 26th May 2025 and will close on 28th May 2025.&nbsp;<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_the_Leela_Hotels_IPO_price\"><\/span><strong>What is the Leela Hotels IPO price?&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>The Leela Hotels IPO is being issued with a floor price of \u20b9413 and a cap price of \u20b9435 per share. The minimum lot size for retail investors is 34 shares (1 lot), aggregating to a minimum investment of \u20b914,402.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Who_is_the_registrar_of_Leela_Hotels_IPO\"><\/span><strong>Who is the registrar of Leela Hotels IPO?&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Kfin Technologies Limited is the registrar for the Leela Hotels IPO, awaiting to manage the IPO allotment procedure and refund initiation. For any queries regarding the IPO allotment and refund, you can contact Kfin Technologies Limited at reachus@kfintech.com or 04067162222 or 04079611000.<\/p><p><em>Disclaimer: The above information is compiled from authentic sources and is just for informational purposes. To have detailed information about the Leela Hotels IPO, download the Leela Hotels IPO RHP and DRHP. Conduct your own research before investing in IPOs to avoid significant losses. You can also consult your financial advisor.<\/em><\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Recent_News_Articles\"><\/span><strong><em>Recent News Articles<\/em><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p><a href=\"https:\/\/univest.in\/blogs\/unified-data-tech-ipo-gmp\"><em>Unified Data Tech IPO GMP: Day 1 IPO Live Updates<\/em><\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/sensex-plunged-800-points-check-key-insights\"><em>Stock Market Today: Sensex Plunged 800 Points &amp; Nifty50 By 0.9%; Check Key Insights<\/em><\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/semiconductor-stocks-in-india\"><em>Best Semiconductor Stocks in India 2025&nbsp;<\/em><\/a><\/p><p><em><a href=\"https:\/\/univest.in\/blogs\/unified-data-tech-ipo\">Unified Data- Tech IPO Review: Know GMP and other IPO Details; Should You Apply or Not?<\/a>&nbsp;<\/em><\/p><p><a href=\"https:\/\/univest.in\/blogs\/united-spirits-q4-results-2025\"><em>United Spirits Q4 Results 2025: Net Profit Grows to \u20b9421 Crores and EBITDA Climbs by 37.7%.<\/em><\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/stock-market-today-sensex-soar-119-points\"><em>Stock Market Today: Sensex Soar 119 Points &amp; Nifty50 By 0.09%; Check Key Insights<\/em><\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/hindalco-q4-results-2025\"><em>Hindalco Q4 Results 2025 Declared 66% Rise in Profit and 16% Surge in Revenue: Check Key Highlights<\/em><\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/stocks-to-watch-today-21st-may-2025\"><em>Stocks to Watch Today: 21st May 2025 | Dixon, GSFC, United Spirits, IRCON, Zaggle, &amp; More!<\/em><\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/zydus-lifesciences-q4-results\"><em>Zydus Lifesciences Q4 Results 2025 Declared 1% Dip in Profit and Dividend of \u20b911 Per Share: Check Key Highlights<\/em><\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/victory-electric-ipo-gmp\"><em>Victory Electric IPO GMP: Day 1 IPO Live Updates<\/em><\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>The Leela Hotels&nbsp;IPO GMP is at \u20b915 as of 26th May 2025. The public issue for Leela Hotels is a bookbuilt of \u20b93,500.00 crores, consisting of a fresh issue portion for 5.75 crore shares worth \u20b92,500 crores and an OFS portion for 2.30 crore shares worth \u20b91,000 crores. The Leela Hotels IPO will be 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