Leela Palaces Hotels & Resorts Ltd

🏨 Leela Palaces Q4 FY2026: IPO Proceeds Fully Utilized as Planned

- Total IPO size: ₹3,500 crore

- Net proceeds (excluding issue expenses): ₹2,364.402 crore

- Funds used for repayment of borrowings: ₹2,300 crore

- Funds used for general corporate purposes: ₹64.402 crore

- Borrowing repayment breakdown: Company (₹1,102.5 crore) and subsidiaries (₹1,197.5 crore)

- Unutilized proceeds: ₹11.104 crore invested in a fixed deposit with State Bank of India

- Interest earned on unutilized funds: ₹1.018 crore

- All objects implemented on schedule with no delays or material deviations