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Schloss Bangalore Ltd

Leela Hotels (Schloss Bangalore) IPO

  • Status: Closed
  • RHP:
  • ₹ 14,042 / 34 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    02 Jun 2025

  • Listing Price

    ₹406.50

  • Listing Change

    -6.55%

  • Last Traded Price

    ₹438.80

IPO Details

  • Open Date

    26 May 2025

  • Close Date

    28 May 2025

  • Listing Date

    02 Jun 2025

  • IPO Price Range

    ₹ 413 to ₹435

  • IPO Size

    ₹ 3,500 Cr

  • Listing Exchange

    BSE NSE

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IPO Timeline

Leela Hotels (Schloss Bangalore) IPO Subscription Status

Last Updated: 28 May 2025 6:53 PM by 5paisa

Schloss Bangalore Limited (Leela Hotels) is launching a ₹3,500 crore IPO, including a fresh issue of ₹2,500 crore and an offer for sale worth ₹1,000 crore. Operating under "The Leela" brand, it owns, manages, and develops luxury hotels and resorts. As of May 31, 2024, it had 12 operational hotels with 3,382 keys. Its owned portfolio includes five iconic properties in Bengaluru, Chennai, New Delhi, Jaipur, and Udaipur, known for modern luxury and Indian heritage.
 
Established in: 2019
Chief Executive Officer: Mr. Anuraag Bhatnagar

Peers

The Indian Hotels Company Limited
EIH Limited
Chalet Hotels Limited
Juniper Hotels Limited
Ventive Hospitality Limited
ITC Hotels Limited
 

Objectives

Repayment, prepayment, or redemption (in full or part) of certain borrowings by the Company and its Subsidiaries—Schloss Chanakya, Schloss Chennai, Schloss Udaipur, and TPRPL—through investment in these entities.
General corporate purposes
 

Leela Hotels IPO Size

Types Size
Total IPO Size ₹3,500 Cr.
Offer For Sale ₹1,000 Cr.
Fresh Issue ₹2,500 Cr.

 

Leela Hotels IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 34 14,042
Retail (Max) 13 442 182,546
S-HNI (Min) 14 476 196,588
S-HNI (Max) 67 2,278 940,814
B-HNI (Min) 68 2,312 954,856

Leela Hotels IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)*
QIB 7.82 2,41,37,932 18,87,07,038 8,208.756
NII (HNI) 1.08 1,20,68,966 1,29,96,670 565.355
Retail 0.87 80,45,977 70,18,416 305.301
Total** 4.72 4,42,52,875 20,87,22,124 9,079.412

 

*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.

Leela Hotels IPO Anchor Allocation

Anchor Bid Date May 23, 2025
Shares Offered 8,04,59,769
Anchor portion Size (In ₹ Cr.) 1,575
Anchor lock-in period end date for 50% shares (30 Days)  June 30, 2025
Anchor lock-in period end date for remaining shares (90 Days) August 29, 2025

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY24 FY25
Revenue 903.27 1,226.50 1,406.56
EBITDA -61.68 -2.13 47.66
PAT 423.63 600.03 700.17
Particulars (in Rs. Crores) FY23 FY24 FY25
Total Assets 5875.54 7061.88 8266.16
Share Capital 20.17 20.17 276.49
Total Borrowings 3696.18 4242.18 3908.75
Particulars (in Rs. Crores) FY23 FY24 FY25
Net Cash Generated From / (used in) operating activities 318.32 538.78 552.88
Net Cash Generated From / (used in) investing activities -84.67 -786.01 –5729.73
Net Cash Generated From / (used in) financing activities -317.77 146.99 5235.89
Net Increase (Decrease) In Cash And Cash Equivalents -84.13 -100.23 59.03


Strengths

1. Strong brand equity in luxury hospitality with recognition for premium service and Indian heritage.
2. Backed by Brookfield, offering capital discipline, global expertise, and strong governance standards.
3. Steady financial growth with rising revenue and cost control while maintaining service excellence.
4. IPO proceeds earmarked for debt reduction, enhancing financial health and operational flexibility.
 

Weaknesses

1. High dependency on the luxury segment, making it vulnerable to economic slowdowns and travel restrictions.
2. Limited owned asset base compared to total portfolio, affecting full control over operations.
3. Significant operational costs required to maintain luxury standards across all properties.
4. Brand expansion may dilute exclusivity if not managed with consistent quality and positioning.
 

Opportunities

1. Growing domestic and international tourism presents avenues for portfolio and revenue expansion.
2. Rising demand for premium hospitality in Tier-1 and emerging Tier-2 cities in India.
3. Opportunity to grow asset-light model through management contracts with third-party owners.
4. Potential to expand wellness, MICE, and experiential luxury offerings across hotel properties.
 

Threats

1. Intense competition from global and domestic luxury hotel chains in prime markets.
2. Vulnerability to geopolitical issues and pandemics affecting global and domestic travel trends.
3. Rising interest rates and inflation may impact consumer spending on luxury hospitality.
4. Regulatory changes in real estate, tourism, or taxation can disrupt expansion or profitability plans.
 

1. The Leela is a premium luxury hospitality brand backed by Brookfield’s global real estate expertise.
2. IPO proceeds will reduce debt significantly, strengthening financial stability and supporting future expansion.
3. The company has shown strong financial recovery, with PAT turning positive in FY25.
4. Positioned to benefit from India’s fast-growing luxury hotel segment and increasing travel demand.
 

1. India's hospitality sector is projected to grow from $24.6B in 2024 to $31B by 2029. 
2. Luxury hotels constitute 17% of branded market, with demand growing at 10.6% CAGR through FY28. 
3. The Indian hospitality sector is witnessing strong post-pandemic recovery, driven by rising domestic travel demand.
4. Under Brookfield, Leela's room count grew 35.5% from 2019 to 2024, reflecting strategic expansion. 
 

Will You Apply for Leela Hotels (Schloss Bangalore) IPO?

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FAQs

Leela Hotels IPO (Schloss Bangalore)) opens from 26 May 2025 to 28 May 2025.

The size of Leela Hotels IPO (Schloss Bangalore) is ₹3,500 Cr.

The price of Leela Hotels IPO (Schloss Bangalore) is fixed at ₹413 to ₹435  per share. 
 

To apply for Leela Hotels IPO (Schloss Bangalore), follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for the Schloss Bangalore Limited (Leela Hotels) IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    

You will receive a mandate notification to block funds in your UPI app.
 

The minimum lot size of Leela Hotels IPO (Schloss Bangalore) is 34 shares and the investment required is ₹14,042.

The share allotment date of Leela Hotels IPO (Schloss Bangalore) is 29 May 2025
 

The Leela Hotels IPO (Schloss Bangalore) will likely be listed on 2 June 2025.
 

JM Financial Limited, BOFA Securities India LTd, Morgan Stanley India Company Pvt Ltd, J.P. Morgan India Pvt Ltd, Kotak Mahindra Capital Company Ltd, Axis Capital Ltd, Citigroup Global Markets India Pvt Ltd, IIFL Securities Ltd, Motilal Oswal Investment Advisors Ltd, SBI Capital Markets Ltd are the book running lead managers for Leela Hotels IPO (Schloss Bangalore IPO).
 

Schloss Bangalore Limited (Leela Hotels)plans to utilise the raised capital from the IPO for:
Repayment, prepayment, or redemption (in full or part) of certain borrowings by the Company and its Subsidiaries—Schloss Chanakya, Schloss Chennai, Schloss Udaipur, and TPRPL—through investment in these entities.
General corporate purposes