Schloss Bangalore IPO Details
MAINBOARD
Schloss Bangalore IPO opens for subscription on 26 May 2025 and closes on 28 May 2025. The IPO will be listed on NSE, BSE with the tentative listing date set for 02 Jun 2025.
Schloss Bangalore IPO price band has been fixed at ₹413 – ₹435 per share.The face value is ₹10 per share with a lot size of 34.
Schloss Bangalore IPO total issue size comprises 8,04,59,770 shares (aggregating up to ₹3,500.00 Cr). This includes a fresh issue of 5,74,71,264 shares (aggregating up to ₹2,500.00 Cr). Offer for Sale consists of 2,29,88,506 shares (aggregating up to ₹1,000.00 Cr). Pre-issue shareholding stands at 17,59,85,320, which will increase to 23,34,56,584 post-issue.
Schloss Bangalore IPO carries a ₹2 (0.46%) GMP, reflecting investor sentiment.
Schloss Bangalore IPO Lot Size : Retail Minimum is 1 lot (34 shares) amounting to ₹14,790. Retail Maximum is 13 lots (442 shares) amounting to ₹192,270. SHNI Minimum is 14 lots (476 shares) amounting to ₹207,060. SHNI Maximum is 67 lots (2,278 shares) amounting to ₹990,930. BHNI Minimum is 68 lots (2,312 shares) amounting to ₹1,005,720.
The Lead Managers for Schloss Bangalore IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is IIFL Capital Services Ltd, Motilal Oswal Investment Advisors Ltd, Kotak Mahindra Capital Company Ltd, SBI Capital Markets Ltd, Bofa Securities India Ltd, Axis Capital Ltd, Morgan Stanley India Company Pvt Ltd, JP Morgan India Pvt Ltd, Jm Financial Ltd, Citigroup Global Markets India Pvt Ltd. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For detailed information, Refer to the Schloss Bangalore Limited (Leela Hotels) RHP.
Schloss Bangalore IPO Details
Schloss Bangalore IPO Subscription
Schloss Bangalore IPO Application Wise Breakup (Approx)
Schloss Bangalore IPO Dates
- 26 May 2025Opening dateOpen
- 28 May 2025Closing dateClose
- 29 May 2025Allotment Date Allotment
- 30 May 2025Initiation of RefundsRefund
- 30 May 2025Credit of SharesCredit
- 02 Jun 2025Listing dateListing
Schloss Bangalore IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 34 | ₹14,790 |
| Retail Maximum | 13 | 442 | ₹192,270 |
| SHNI Minimum | 14 | 476 | ₹207,060 |
| SHNI Maximum | 67 | 2278 | ₹990,930 |
| BHNI Minimum | 68 | 2312 | ₹1,005,720 |
Schloss Bangalore IPO Reservation
Promoter Holding
Schloss Bangalore IPO Valuations
Schloss Bangalore Financial Information
| Period Ended | 31 May 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 6,935.21 | 7,061.88 | 5,875.54 | 5,863.01 |
| Revenue | 169.74 | 1,226.50 | 903.27 | 415.95 |
| Profit After Tax | -36.39 | -2.13 | -61.68 | -319.83 |
| Net Worth | -2,784.01 | -2,825.72 | -2,511.96 | -2,452.02 |
| Reserves and Surplus | -2,954.45 | -2,906.20 | -2,582.80 | -2,522.86 |
| Total Borrowing | 4,052.50 | 4,242.18 | 3,696.18 | 3,676.81 |
| Amount in ₹ Crore | ||||
About Schloss Bangalore IPO
Schloss Bangalore Limited, established on March 20, 2019, is a luxury hospitality company operating under "The Leela" brand in India. It owns, operates, manages, and develops luxury hotels and resorts, offering premier accommodations and personalised services inspired by Indian hospitality.
As of May 31, 2024, Schloss Bangalore Limited is one of India's largest luxury hospitality companies by number of keys, with a portfolio of 12 operational hotels comprising 3,382 keys. The portfolio includes The Leela Palaces, The Leela Hotels, and The Leela Resorts. The company operates through direct ownership and hotel management agreements with third-party owners.
The owned portfolio comprises five landmark hotels with 1,216 keys across key business and leisure destinations: Bengaluru, Chennai, New Delhi, Jaipur, and Udaipur. These hotels, renowned as modern palaces, blend traditional Indian architecture with contemporary luxury.
Owned Portfolio Highlights:
- The Leela Palace Bengaluru – An 8.23-acre urban ecosystem in the central business district, catering to business and leisure travelers.
- The Leela Palace Chennai – A 4.8-acre sea-facing palace on the Chennai marina, inspired by Chettinad architecture, offering expansive views of the Bay of Bengal.
- The Leela Palace New Delhi – A three-acre property in the diplomatic enclave of Chanakyapuri, positioned near over 60 embassies and high commissions.
- The Leela Palace Jaipur – An 8.1-acre luxury retreat near Jaipur’s historic sites, awarded Best Family Hotel by Travel + Leisure India’s Best Awards 2022 and Top 20 Best Hotels in India by Conde Nast Traveler, Readers’ Choice Awards 2023.
- The Leela Palace Udaipur – A seven-acre property overlooking Lake Pichola and the royal City Palace, offering a picturesque setting.
As of May 31, 2024, the company operates 67 restaurants, bars, and cafes, including Jamavar, Library Bar, ZLB 23, Megu, China XO, Le Cirque, and Sheesh Mahal. The portfolio also includes 12 spas and wellness sanctuaries, with a spa collaboration with Soneva under development at The Leela Palace Bengaluru, set for completion in FY 2026. Additionally, the properties are equipped to host corporate meetings, conferences, weddings, and social events, catering to India's premium MICE market.
Schloss Bangalore Limited is promoted by private equity funds managed and advised by affiliates of Brookfield, one of the world’s largest alternative asset managers.
Strength Of Schloss Bangalore IPO
1. Leading Luxury Hospitality Brand with Rich Heritage and Global Appeal.
2. Marquee Owned Hotels in Markets with High Barriers to Entry.
3. Comprehensive Luxury Ecosystem Resulting in Diversified Revenue Sources.
4. Track Record of Driving Operational Efficiency by our Active Asset Management Approach.
5. Sponsorship by Brookfield - A Leading Global Investor with Deep Local Expertise.
Risk Of Schloss Bangalore IPO
1. Any deterioration in the quality or reputation of our "The Leela" brand could have an adverse effect on our business, financial condition and results of operations.
2. A significant portion of our total income is derived from the five hotels owned by us (aggregating to 93.46%, 93.77% and 91.13% of our total income for the Financial Year 2025, Financial Year 2024 and Financial Year 2023, respectively) and any adverse developments affecting such hotels or regions could have an adverse effect on our business, results of operations and financial condition.
3. Our Company and certain of our Material Subsidiaries have incurred losses in the past during Financial Years 2024 and 2023 (Rs.(21.27) million for the Financial Year 2024 and Rs.(616.79) million for the Financial Year 2023 (on a consolidated and restated basis)), as well as during Financial Year 2025 for three of our Material Subsidiaries, and may experience losses in the future which could result in an adverse effect on our business, cash flows and financial condition.
4. Our Company and certain of our Material Subsidiaries have had negative net cash flows in the past and may continue to have negative cash flows in the future, which could adversely affect our results of operations and financial condition.
5. We have granted security interests over certain of our assets, and any failure to satisfy our obligations under our secured borrowings (Rs.39,087.46 million as of Financial Year 2025) could lead to invocation of security interest, resulting in a forced sale or seizure of such assets.
6. Our Company and certain of our Material Subsidiaries have had negative net worth in the past (Rs.(28,257.23) million as at March 31, 2024, and Rs.(25,119.63) million as at March 31, 2023, on a consolidated and restated basis) and may experience negative net worth in the future which could result in an adverse effect on our business, cash flows, financial condition and results of operations.
7. We have substantial indebtedness which requires significant cash flows to service and limits our ability to operate freely. As of March 31, 2025, we had outstanding borrowings of Rs.39,087.46 million on a restated and consolidated basis. Further, our finance costs as a percentage of total income for the Financial Year 2025 amounted to 32.57%. In addition, we may require additional financing in the future in order to continue to grow our business, which may not be available on acceptable terms, or at all.
8. We are exposed to risks associated with the renovation and refurbishment of existing hotels. Delays in the renovation and refurbishment of existing hotels in our Portfolio may have an adverse effect on our business, financial condition and results of operations
9. We are exposed to risks associated with the construction of new hotels, including The Leela Ayodhya, The Leela Palace Agra, The Leela Ranthambore, The Leela Palace Srinagar and The Leela Bandhavgarh. Delays in the construction of new hotels may have an adverse effect on our business, financial condition and results of operations.
10. The determination of the Price Band is based on various factors and assumptions and the Offer Price of the Equity Shares, market capitalization and price to earnings ratio based on the Offer Price of the Equity Shares, may not be indicative of the market price of the Company on listing or thereafter and, as a result, you may lose a significant part or all of your investment
Objectives Schloss Bangalore IPO
1. 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.
2. General corporate purposes.
Company Contact Details
Schloss Bangalore Limited
The Leela Palace, Diplomatic Enclave,
Africa Avenue,
Netaji Nagar
Phone: +91 22 6901 5454
Email: cs@theleela.com
Website: http://www.theleela.com/
Registrar Contact Details
Lead Mangers
Lead Manager Reports
Schloss Bangalore IPO - FAQs
The Schloss Bangalore IPO is a MAINBOARD public issue comprising 80459770 equity shares with a face value of ₹10 each, aggregating to a total issue size of ₹3,500.00 Cr. The issue price has been fixed at ₹435 per equity share, and the minimum application size is 34 shares.
The IPO opens for subscription on 26 May 2025, and closes on 28 May 2025.
Kfin Technologies Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
As of now, the current GMP stands at ₹2 (0.46%).