Schloss Bangalore Limited (Leela Hotels IPO)
MainboardHotels & Resorts
Listed On: Jun 2, 2025 at ₹ 406.0(NSE)
₹ 14790 /34 Shares
Check AllotmentPrice Summary
Last Closing
390.15 (-10.31%)52 Week High
439.9052 Week Low
382.50Last Update
19-Jun-2025 3:30 PM26 May, 2025
Open Date28 May, 2025
Close Date29 May, 2025
Allotment Date02 Jun, 2025
Listing DateIssue Price
₹413-435 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE, NSERegistrar
Kfin Technologies LimitedList Price
406.0(NSE)Listing Date
2025-06-02Market Lot
Retail : 34 Shares (₹14,790/-)S-HNI : 476 Shares (₹2,07,060/-)
B-HNI : 2,312 Shares (₹10,05,720/-)
Lead Manager
Jm Financial LimitedBofa 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
Issue Size
Total ₹3500.00 Cr :#Fresh Issue : 5,74,71,264 shares(aggregating up to ₹2500.00 Cr) +
#OFS : 2,29,88,505 shares of ₹10(aggregating up to ₹1000.00 Cr)
Retail Portion
10% (Number of Retail Applications: 2,36,646 Approx),(Number of S-HNI Applications : 8,452 Approx),
(Number of B-HNI Applications : 16,903 Approx)
Subscription
4.50 timesSchloss 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 an 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.
Schloss Bangalore (Leela Hotels) IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 2,41,37,932 | 1,20,68,966 80,45,977 40,22,989 | 80,45,977 | 4,42,52,875 |
| Day 1 - 26-05-25 05:00 PM | 0.03 x | 0.03 0.02 x 0.05 x | 0.20 x | 0.06 x |
| Day 2 - 27-05-25 05:00 PM | 0.11 x | 0.11 0.10 x 0.12 x | 0.41 x | 0.17 x |
| Day 3 - 28-05-25 05:00 PM | 7.46 x | 1.02 1.15 x 0.78 x | 0.83 x | 4.50 x |
Schloss Bangalore (Leela Hotels) Valuations
EPS Pre IPO
₹2.71/-EPS Post IPO
₹2.04/-P/E Pre IPO
160.63P/E Post IPO
213.09ROE
%ROCE
%Debt/Equity
RoNW
1.32%PAT Margin
Price to Book Value
2.92Schloss Bangalore (Leela Hotels) Company Financials All values are in ₹ Cr.
| 31-Mar-25 | 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|---|
| Assets | 8,266.16 | 7,061.88 | 5,875.54 | 5,863.01 |
| Revenue | 1,406.56 | 1,226.50 | 903.27 | 415.95 |
| Profit After Tax | 47.66 | -2.13 | -61.68 | -319.83 |
| Net Worth | 3,604.99 | -2,825.72 | -2,511.96 | -2,452.02 |
| Reserves & Surplus | 3,280.43 | -2,906.20 | -2,582.80 | -2,522.86 |
| Total Borrowing | 3,908.75 | 4,242.18 | 3,696.18 | 3,676.81 |
About The 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.
Schloss Bangalore (Leela Hotels) - Strength and Weakness
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%).
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.
Schloss Bangalore (Leela Hotels) - Promoter(s)
Pre Issue Share Holding: N/A%
Post Issue Share Holding: N/A%
- 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
Schloss Bangalore (Leela Hotels) IPO - Issue Objectives
- 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.
- General corporate purposes.
Schloss Bangalore (Leela Hotels) IPO - Anchor Investors
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.
Other Details
Schloss Bangalore (Leela Hotels)
The Leela Palace, Diplomatic Enclave,Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: leelahotels.ipo@kfintech.com
Schloss Bangalore (Leela Hotels) IPO - FAQs
Ans. Schloss Bangalore Limited (Leela Hotels IPO) is a Mainboard IPO. The issue is priced at ₹413-435 per equity share. The minimum order quantity is 34 Shares. The IPO opens on May 26, 2025, and closes on May 28, 2025. Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Ans. The Schloss Bangalore Limited (Leela Hotels IPO) opens on May 26, 2025 and closes on May 28, 2025.
Ans. The size of Schloss Bangalore Limited (Leela Hotels IPO) is Total ₹3500.00 Cr : #Fresh Issue : 5,74,71,264 shares(aggregating up to ₹2500.00 Cr) + #OFS : 2,29,88,505 shares of ₹10(aggregating up to ₹1000.00 Cr).
Ans. The IPO price band is set between ₹413-435 per equity share.
Ans. To apply for Schloss Bangalore Limited (Leela Hotels IPO) IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Schloss Bangalore Limited (Leela Hotels IPO) in the List of IPOs
- - Press "Apply" Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Schloss Bangalore Limited (Leela Hotels IPO) is May 29, 2025.
Ans. The Schloss Bangalore Limited (Leela Hotels IPO) will be listed on Jun 2, 2025.
Ans. Follow the steps to check the allotment status for Schloss Bangalore Limited (Leela Hotels IPO) here.
