Schloss Bangalore Limited IPO (Leela Hotels IPO) 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 |
About 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.
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.
Schloss Bangalore Limited IPO (Leela Hotels IPO) Financial Information
Latest Revenue
1,406.56
₹ Crore
Profit After Tax
47.66
₹ Crore
Net Worth
3,604.99
₹ Crore
Total Borrowing
3,908.75
₹ Crore
| Period Ended | Assets | Revenue From Operations | 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 | |||||||||
Schloss Bangalore Limited IPO (Leela Hotels IPO) 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 |
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Competitive Strengths
Strong Brand Recognition
Strategic Locations
Operational Excellence
Backed by Brookfield (Strong Promoter Support)
Leadership in the Luxury Segment
Download regulatory filings
Schloss Bangalore Limited IPO (Leela Hotels IPO) IPO Timeline
| 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 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid 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 |