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Schloss Bangalore IPO (Leela Hotels IPO)
₹14/34 shares
Minimum Investment
IPO Details
26 May 25
28 May 25
₹14
34
₹413 to ₹435
NSE, BSE
₹3 Cr
02 Jun 25
Open Free Demat Account
Open Free Demat Account
Schloss Bangalore IPO (Leela Hotels IPO) Timeline
Bidding Start
26 May 25
Bidding Ends
28 May 25
Allotment Finalisation
29 May 25
Refund Initiation
30 May 25
Demat Transfer
30 May 25
Listing
02 Jun 25
Schloss Bangalore Limited (Leela Hotels)
Schloss Bangalore Limited, founded in 2019, is a leading luxury hospitality company in India operating under “The Leela” brand. As of May 31, 2024, it manages 12 hotels with 3,382 keys, including five owned landmark properties in Bengaluru, Chennai, New Delhi, Jaipur, and Udaipur. These hotels combine traditional Indian architecture with modern luxury. Schloss offers 67 dining venues, 12 spas, and extensive event facilities. Promoted by Brookfield-managed private equity funds, Schloss is a key player in India’s luxury hospitality and premium MICE markets.
Schloss Bangalore Limited IPO (Leela Hotels IPO) Overview
Leela Hotels is launching an IPO with a total size of ₹3,500 crore through a book-building process. This issue consists of a fresh issue of 5.75 crore shares worth ₹2,500 crore, along with an offer for sale of 2.30 crore shares valued at ₹1,000 crore. The IPO opens for subscription on May 26, 2025, and closes on May 28, 2025. The allotment is expected to be finalized by Thursday, May 29, 2025, with the shares tentatively set to list on the BSE and NSE on Monday, June 2, 2025.
The price band for the Leela Hotels IPO is fixed between ₹413 and ₹435 per share. Investors can apply in a minimum lot size of 34 shares, requiring a minimum investment of ₹14,042. However, it is recommended that investors bid at the cutoff price of ₹435 per share to avoid issues related to oversubscription, which would require an investment of approximately ₹14,790. For non-institutional investors (NII), the minimum lot size is 14 lots (476 shares), amounting to ₹2,07,060, while for qualified institutional buyers (QIBs), it is 68 lots (2,312 shares), with an investment value of ₹10,05,720.
The book running lead managers (BRLMs) for the Leela Hotels IPO include 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, and SBI Capital Markets Limited. Kfin Technologies Limited is appointed as the registrar for the issue.
Schloss Bangalore Limited IPO Details
| Particulars | Details |
| IPO Date | 26 May 2025 to 28 May 2025 |
| Listing Date | 2 June 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹413 to ₹435 per share |
| Lot Size | 34 Shares |
| Total Issue Size | 8,04,59,769 shares (aggregating up to ₹3,500.00 Cr) |
| Fresh Issue | 5,74,71,264 shares (aggregating up to ₹2,500.00 Cr) |
| Offer for Sale | 2,29,88,505 shares of ₹10 (aggregating up to ₹1,000.00 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE BSE |
| Share Holding Pre Issue | 17,59,85,320 shares |
| Share Holding Post Issue | 23,34,56,584 shares |
Schloss Bangalore Limited IPO Reservation
| Investor Category | Shares Offered |
| QIB | Not less than 75% of the Net Issue |
| Retail | Not more than 10% of the Net Issue |
| NII (HNI) | Not more than 15% of the Net Issue |
Schloss Bangalore Limited IPO Lot Size
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 34 | ₹14,790 |
| Retail (Max) | 13 | 442 | ₹1,92,270 |
| S-HNI (Min) | 14 | 476 | ₹2,07,060 |
| S-HNI (Max) | 67 | 2,278 | ₹9,90,930 |
| B-HNI (Min) | 68 | 2,312 | ₹10,05,720 |
Schloss Bangalore Limited IPO Promoter Holding
| Shareholding Status | Percentage |
| Pre-Issue | 100.00% |
| Post-Issue |
Schloss Bangalore Limited IPO Valuation Overview
| KPI | Value |
| Earnings Per Share (EPS) | 1.97 |
| Price/Earnings (P/E) Ratio | TBD |
| Return on Net Worth (RoNW) | 1.32% |
| Net Asset Value (NAV) | 148.88 |
| Return on Equity | – |
| Return on Capital Employed (ROCE) | – |
| EBITDA Margin | 49.78% |
| PAT Margin | – |
| Debt to Equity Ratio | 1.07 |
Objectives of the Proceeds
- Repayment, prepayment, or redemption (either in full or part) of specific outstanding borrowings, accrued interest, and applicable prepayment penalties, including:
- ₹11,025.00 million for borrowings availed by the company itself
- ₹11,975.00 million for borrowings availed by its wholly owned subsidiaries and step-down subsidiaries, specifically Schloss Chanakya, Schloss Chennai, Schloss Udaipur, and TPRPL, through investments into these entities
- Meet general corporate expenses
Key Financials (in ₹ milliom)
| Particulars | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 82,661.63 | 70,618.80 | 58,755.37 |
| Revenue | 13,005.73 | 11,714.53 | 8600.58 |
| Profit After Tax | 476.58 | (21.27) | (616.79) |
| Reserves and Surplus | 32,804.29 | (29,062.02) | (25,828.04) |
| Total Borrowings | 39,087.46 | 42,421.81 | 39,961.82 |
SWOT Analysis of Schloss Bangalore IPO (Leela Hotels IPO)
Strength and Opportunities
- Strong brand presence through The Leela, recognized for luxury and service excellence.
- Ownership of flagship hotels in prime business and leisure destinations across India.
- Backing by Brookfield Asset Management, providing financial stability and strategic support.
- Opportunities for expansion through acquisitions and new hotel management agreements.
Risks and Threats
- High financial leverage due to significant long-term debt obligations.
- Susceptibility to cyclical and seasonal fluctuations in the hospitality industry.
- Exposure to macroeconomic factors affecting travel and tourism demand.
- Intense competition in the luxury hospitality segment from both domestic and international players.
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About Schloss Bangalore Limited
IPO Strengths
- The Leela is a globally celebrated luxury hospitality brand with over 250 awards since 2021, consistently ranked among the world’s best by Travel + Leisure and Conde Nast Traveler.
- Its nearly 40-year legacy, rooted in Indian values and modern luxury, fosters a distinctive guest experience that is hard to replicate.
- High entry barriers in luxury hospitality enhance The Leela’s competitive positioning and brand credibility.
- Its properties undergo rigorous LQA audits and maintain top-tier staff-to-room ratios, ensuring exceptional service and guest satisfaction.
- Strong financial metrics, including RevPAR and EBITDA margin, reflect operational excellence and premium market status.
- Strategically located marquee-owned hotels in high-entry-barrier markets further reinforce The Leela’s unique value proposition.
Peer Group Comparison
| Particulars | Face Value (₹) | Revenue | EPS ) | P/E | RoNW (%) | Net Worth | NAV (₹) |
| Schloss Bangalore Limited | 10.00 | 13,005.73 | 1.97 | [●] | 1.32% | 36,049.88 | 148.88 |
| Our Company (Fiscal 2024) | 10.00 | 11,714.53 | (0.12) | [●] | N.A. | (28,257.23) | (160.57) |
| Peer Groups | |||||||
| The Indian Hotels Co. Ltd (FY25) | 1.00 | 83,345.40 | 13.4 | 59.84 | 16.42% | 1,24,156.10 | 87.22 |
| The Indian Hotels Co. Ltd (FY24) | 1.00 | 67,687.50 | 8.86 | 86.43 | 13.13% | 1,01,287.10 | 71.16 |
| EIH Limited (FY24) | 2.00 | 25,112.71 | 10.22 | 36.24 | 16.58% | 40,863.65 | 65.34 |
| Chalet Hotels Limited (FY24) | 10.00 | 14,172.52 | 13.54 | 59.93 | 15.03% | 18,508.68 | 84.74 |
| Juniper Hotels Limited (FY24) | 10.00 | 8,176.63 | 1.46 | 197.91 | 0.90% | 26,552.81 | 119.34 |
| Ventive Hospitality Limited (FY24) | 1.00 | 18,420.66 | (5.24) | N.A. | (1.82%) | 36,697.33 | 157.13 |
| ITC Hotels Limited (FY24) | 1.00 | 30,340.00 | N.A. | NA | NA | NA | NA |
How to apply IPO with HDFC SKY?
Follow these simple steps to apply for an IPO through HDFC SKY. Secure your investments and explore new opportunities with ease by accessing the IPOs available on the platform.
- 1Login to your HDFC SKY Account
- 2Select Issue
- 3Enter Number of Lots and your Price.
- 4Enter UPI ID
- 5Complete Transaction on Your UPI App
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