Monolithisch India Limited IPO...
14 Jun, 2025
Schloss Bangalore Limited IPO (Leela Hotels IPO)
Leela Hotels, run by Schloss Bangalore Ltd., is bringing out a ₹3,500 crore book-built IPO to the primary market's main board during May 26 to May 28, 2025. The issue includes a new issue of 5.75 crore equity shares to mobilize ₹2,500 crore and an offer for sale (OFS) of 2.30 crore shares for ₹1,000 crore by promoter company Project Ballet Bangalore Holdings (DIFC) Ltd, a subsidiary of Brookfield Asset Management.
Company Overview
Leela Hotels, which is owned and managed by Schloss Bangalore Ltd., stands as the largest standalone luxury brand in India by the count of 3,553 total rooms as of the end of FY25. Competitors who straddle the mid-scale, upscale, and luxury space are different from Leela, which focuses solely on the luxury space, giving it a standalone identity in the Indian hospitality space.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Schloss Bangalore Limited IPO (Leela Hotels IPO)
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Schloss Bangalore Limited IPO (Leela Hotels IPO) Details
| Detail | Description |
|---|---|
| IPO Date | May 26, 2025 to May 28, 2025 |
| Listing Date | - |
| 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 | BSE, NSE |
| Share Holding Pre Issue | 27,64,86,614 shares |
| Share Holding Post Issue | 33,39,57,878 shares |
Schloss Bangalore Limited IPO (Leela Hotels IPO) Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Mon, May 26, 2025 |
| IPO Close Date | Wed, May 28, 2025 |
| Tentative Allotment | Thu, May 29, 2025 |
| Initiation of Refunds | Fri, May 30, 2025 |
| Credit of Shares to Demat | Fri, May 30, 2025 |
| Tentative Listing Date | Mon, Jun 2, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 28, 2025 |
Schloss Bangalore Limited IPO (Leela Hotels 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 (Leela Hotels IPO) Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 100% | 75.91% |
Competitive Strength:
- ● Strong Brand Recognition
- ● Strategic Locations
- ● Operational Excellence
- ● Backed by Brookfield (Strong Promoter Support)
- ● Leadership in the Luxury Segment
Schloss Bangalore Limited IPO (Leela Hotels IPO) Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2025 | 8,266.16 | 1,406.56 | 47.66 | 3,604.99 | 3,908.75 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 7,061.88 | 1,226.50 | -2 | -2,825.72 | 4,242.18 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 5,875.54 | 903.27 | -61.68 | -2,511.96 | 3,696.18 | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| RoNW | 1.32% |
| Price to Book Value | 2.92 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 2.71 | 2.04 |
| P/E (x) | 160.63 | 213.09 |
Objective of the IPO
The primary objectives of the Leela Hotels IPO are:
Repayment/Prepayment of Borrowings: The company plans to utilize a significant portion of the proceeds from the fresh issue to repay or prepay certain outstanding borrowings of the company.
General Corporate Purposes: A portion of the IPO proceeds will also be allocated for general corporate purposes, not exceeding 25% of the gross proceeds.
No Proceeds from OFS to Company: The company will not receive any proceeds from the Offer for Sale (OFS); these will go to the selling promoter after deducting related expenses and taxes.
Conclusion
Leela Hotels’ IPO is strategically aimed at strengthening its balance sheet by significantly reducing debt and supporting future operational needs. By lowering its interest burden, the company positions itself for improved profitability and financial flexibility in the competitive luxury hospitality sector. The IPO also offers investors an opportunity to participate in the growth story of one of India’s leading luxury hotel brands as it seeks to capitalize on the expanding premium travel and hospitality market.
RHP:
DRHP:
Read more :
Frequently asked Questions (FAQs )
-
1. What is the main purpose of Leela Hotels’ IPO?
The IPO proceeds will primarily be used to repay debt and strengthen financial stability for sustainable future growth and expansion.
-
2. How will the IPO proceeds impact Leela Hotels’ operations?
Reducing debt will lower interest expenses, improve cash flow, and enable investments in enhancing hotel services and expanding the portfolio.
-
3. What expansion strategies does Leela Hotels plan post-IPO?
Leela plans to expand through new hotel developments, management contracts, branded residences, and enhancing existing properties across key Indian cities.
-
4. How does Leela Hotels differentiate itself in the hospitality sector?
Leela focuses exclusively on luxury hospitality, combining iconic properties, authentic Indian experiences, and personalized services to attract premium clientele.
-
5. What risks does Leela Hotels face despite the IPO?
Risks include intense competition, economic downturns, fluctuating travel demand, operational disruptions, and challenges in maintaining consistent luxury service standards.
