IPO

Schloss Bangalore Limited (Leela Hotels IPO)

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Hotels & Resorts

Listed On: Jun 2, 2025 at ₹ 406.0(NSE)

₹ 14790 /34 Shares

Check Allotment

26 May, 2025

Open Date

28 May, 2025

Close Date

29 May, 2025

Allotment Date

02 Jun, 2025

Listing Date
Price Summary

Last Closing

436.45 (0.33%)

52 Week High

474.40

52 Week Low

382.50

Last Update

3-Nov-2025 3:30 PM
Schloss Bangalore (Leela Hotels) IPO Issue Details
  • Issue Price ₹413-435 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 8,04,59,769 shares(aggregating up to ₹3500 crore)
  • Fresh Share 5,74,71,264 shares(aggregating up to ₹2500 crore)
  • Offer For Sale 2,29,88,505 shares(aggregating up to ₹1000 crore)
  • Listing at BSE, NSE
  • List Price 406.0(NSE)
  • Listing Date 2025-06-02
  • Lead Manager Jm Financial Limited
    Bofa Securities India Limited
    Morgan Stanley India Company Pvt Ltd
    J.P. Morgan India Private Limited
    Kotak Mahindra Capital Company Limited
    Axis Capital Limited
    Citigroup Global Markets India Private Limited
    Iifl Securities Ltd
    Motilal Oswal Investment Advisors Limited
    SBI Capital Markets Limited
  • Registrar Kfin Technologies Limited
Market Lot Size

Investors can bid for a minimum of 34 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

ApplicationLotsSharesAmount
Retail (min) 134₹14,790
Retail(max)13442₹1,92,270
SHNI(min) 14476₹2,07,060
SHNI(max) 672,278₹9,90,930
BHNI(min) 682,312₹10,05,720
Schloss Bangalore (Leela Hotels) IPO Reservation

Schloss Bangalore (Leela Hotels) IPO offers total 4,42,52,875 shares. Out of which 2,41,37,932 (54.55%) allocated to QIB, 1,20,68,966 (27.27%) allocated to NII,80,45,977 (18.18%) allocated to RII, NA (NA%) allocated to employees and NA (NA%) allocated to Anchor investors.

Investor CategoryShares OfferedMaximum Allottees
Anchor Investor Shares OfferedNA (NA%)
QIB Shares Offered2,41,37,932 (54.55%)
NII (HNI) Shares Offered1,20,68,966 (27.27%)
bNII < ₹10L80,45,977 (18.18%)
sNII < ₹10L40,22,989 (9.09%)
Retail Shares Offered80,45,977 (18.18%)
Total Shares Offered4,42,52,875 (100%)
Schloss Bangalore (Leela Hotels) IPO Documents
DRHP
RHP
ANCHOR
Schloss Bangalore (Leela Hotels) IPO Details


Schloss Bangalore (Leela Hotels) IPO is a book-built issue of ₹3500 crores, The total issue size is ₹3500 crores. The IPO of Schloss Bangalore (Leela Hotels) is priced at ₹413-435 per equity share, which has a face value of ₹10 Per Equity Share each, IPO bidding starts from May 26, 2025 and ends on May 28, 2025. The allotment for Schloss Bangalore (Leela Hotels) IPO will be finalized on May 29, 2025. Schloss Bangalore (Leela Hotels) IPO will be listed on BSE, NSE, with a tentative listing date fixed as Jun 2, 2025. The company shall list its equity shares on the BSE, NSE. Kfin Technologies Limited is the registrar of the issue.

Retail investors can bid for a minimum of 34 shares, extendable to 14,790. S-HNIs will be able to bid for 476 shares at ₹2,07,060, while B-HNIs can also apply for a bid of 2,312 shares at ₹10,05,720. The book-running lead manager for the IPO is/are Jm Financial Limited, Bofa Securities India Limited, Morgan Stanley India Company Pvt Ltd, J.P. Morgan India Private Limited, Kotak Mahindra Capital Company Limited, Axis Capital Limited, Citigroup Global Markets India Private Limited, Iifl Securities Ltd, Motilal Oswal Investment Advisors Limited, SBI Capital Markets Limited.

The total issue ₹3500 crore, comprising a fresh issue of 5,74,71,264 shares ₹2500 crore and having Offer for Sale (OFS) of 2,29,88,505 shares to mop up ₹1000 crore.

The Schloss Bangalore (Leela Hotels) IPO sets its price band at 413-435 for each share. A single application for Schloss Bangalore Limited (Leela Hotels IPO) must contain at least 34 shares. Sentiment investors need to invest a minimum of 34 through their retail account. For investors to prevent oversubscription issues, they should submit bids at the cutoff price, which estimates about ₹14,790 In order to participate in the sNII, investors must purchase at least 14 lots of 476 shares for ₹2,07,060, while the bNII requires 68 lots of 2,312 shares for an investment of ₹10,05,720.

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Schloss Bangalore (Leela Hotels) IPO Subscription Analysis And Details
Retail
0.83x
QIB
7.46x
NII
1.02x
bNII
1.15x
sNII
0.78x
Total
4.50x
As onQIBNII
bNII   sNII		RetailTotal
Shares Offered / Reserved2,41,37,9321,20,68,966
80,45,977    40,22,989		80,45,9774,42,52,875
Day 1 26-05-25 05:00 PM
0.03 x0.03
0.02 x   0.05 x		0.20 x0.06 x
Day 2 27-05-25 05:00 PM
0.11 x0.11
0.10 x   0.12 x		0.41 x0.17 x
Day 3 28-05-25 05:00 PM
7.46 x1.02
1.15 x   0.78 x		0.83 x4.50 x
Total No of Applications
1,73,910
Subscription on the basis of Applications
Retail:0.57x BHNI:0.13x SHNI:0.70x
Schloss Bangalore (Leela Hotels) Valuations
EPS Pre IPO ₹2.71/-
EPS Post IPO ₹2.04/-
P/E Pre IPO 160.63
P/E Post IPO 213.09
RoNW 1.32%
Price to Book Value 2.92
Schloss Bangalore (Leela Hotels) Company Financials
In Crs.
In Cr.
31-Mar-2531-Mar-2431-Mar-2331-Mar-22
Assets8,266.167,061.885,875.545,863.01
Revenue1,406.561,226.50903.27415.95
Profit After Tax47.66-2.13-61.68-319.83
Net Worth3,604.99-2,825.72-2,511.96-2,452.02
Reserves & Surplus3,280.43-2,906.20-2,582.80-2,522.86
Total Borrowing3,908.754,242.183,696.183,676.81
About Schloss Bangalore (Leela Hotels) Company

Schloss Bangalore is the country’s first and only luxury hospitality company run by an institution. Through the The Leela brand, the company runs and develops a range of luxury hotels and resorts all across the country. The Leela Palaces, Hotels and Resorts was founded by Captain C.P. Krishnan Nair in 1986 and has now come to symbolize the best in Indian hospitality, fine service, and beautiful architecture. The brand placed at the #1 spot for hospitality in India for the years 2020 and 2021, while being ranked #3 in 2024 by Travel + Leisure.

By 31st May 2024, The Leela runs 12 hotels with 3,382 rooms, representing almost 18% of all keys in luxury hotels in India. The company owns five world-famous, modern palaces in India, all of which merge traditional Indian architecture with modern luxury. It pledges to provide unique and memorable experiences, tailored services, and a taste of genuine Indian hospitality.

Since January, The Leela has received more than 250 awards, highlighting its leadership and impact in India’s luxury hospitality. All 2,578 permanent employees at the company are dedicated to ensuring excellence in all their properties.

Looking to the future, Schloss Bangalore has set out a bold plan for growth. The company is aiming to have eight new properties up and running by 2028, focusing mainly on wildlife and heritage tourism, both becoming popular choices for Indian and overseas visitors. Due to its strong brand and visionary leadership, Schloss Bangalore is set to play a key role in the development of luxury hospitality in India.

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Schloss Bangalore (Leela Hotels) - Promoter(s)

Project Ballet Bangalore Holdings (DIFC) Pvt Ltd, BSREP III Joy (Two) Holdings (DIFC) Limited, BSREP III Tadoba Holdings (DIFC) Pvt Ltd, Project Ballet Chennai Holdings (DIFC) Pvt Ltd, Project Ballet Gandhinagar Holdings (DIFC) Pvt Ltd, Project Ballet HMA Holdings (DIFC) Pvt Ltd and Project Ballet Udaipur Holdings (DIFC) Pvt Ltd

Pre Issue Share Holding : N/A%

Post Issue Share Holding : N/A%

Schloss Bangalore (Leela Hotels) IPO - Issue Objectives
1

Repayment/ prepayment/ redemption, in full or in part, of certain outstanding borrowings availed by: (a) the Company, (b) certain of our Subsidiaries, namely, Schloss Chanakya, Schloss Chennai, Schloss Udaipur and TPRPL, through investment in such Subsidiaries.

2

General corporate purposes.

Schloss Bangalore (Leela Hotels) IPO - Anchor Investors

Schloss Bangalore raises Rs 1,575 crore through anchor book.

Global marquee investors who became shareholders in the firm were WF Asian Reconnaissance Fund, Government Pension Fund Global, CLSA Global, Eastspring Investments, Citigroup Global, Societe Generale, Integrated Core Strategies, Fidelity, and Goldman Sachs, Tocu Europe, Hudson Bay Master Fund, and Moran Stanley.

Domestic institutional investors such as HDFC Mutual Fund, ICICI Prudential MF, Nippon Life India, WhiteOal Capital, 360 ONE Special Opportunities Fund, Invesco, Axis Max Life Insurance, Baroda BNP Paribas MF, Aditya Birla Sun Life Insurance, JM Financial MF, Mirae Asset, and SBI General Insurance Company invested in Schloss Bangalore which has 13 luxury hotels with 3,553 keys in India.

Schloss Bangalore (Leela Hotels) IPO - Peers Comparison
Company NameEPS (Basic)EPS (Diluted)NAV (per share) (Rs)P/E (x)RoNW (%)P/BV RatioFinancial statements
Schloss Bangalore Limited1.971.97148.88N/A1.32N/AConsolidated
Indian Hotels Co.ltd.13.413.487.2259.8416.42N/AConsolidated

Notes:

  1. P/E ratio computed based on closing market price of equity shares on BSE on May 7, 2025, divided by Diluted EPS.
  2. Net Asset Value per Equity Share (₹) = Net Worth at the end of the year divided by weighted average number of Equity Shares outstanding during the year.
  3. RoNW = Profit/(loss) for the year divided by Net Worth at the end of the year.
  4. Net Worth includes paid-up share capital, reserves, securities premium, and equity components after deductions as per restated consolidated financial information.
Strength
Schloss is a leading luxury brand with over 250 awards since 2021.
Owns five hotels with 1,224 keys across major Indian cities by 2025.
Diverse revenue from retail (57%), corporate (17%), and group bookings (25%).
Weakness
93% income relies on five key hotel properties.
Negative cash flows continue to affect business performance and stability.
Company has incurred losses in the past quarters.
Contact Details

Schloss Bangalore (Leela Hotels)

The Leela Palace, Diplomatic Enclave,

+91 22 6901 5454

cs@theleela.com

http://www.theleela.com/

Registrar Contact Details

Kfin Technologies Limited

04067162222, 04079611000

leelahotels.ipo@kfintech.com

https://kosmic.kfintech.com/ipostatus/