Schloss Bangalore Limited (Leela Hotels IPO)
Bookbuilding IPO · NSE, BSE
- Price band
- ₹413 - ₹435
- Lot size
- 34 shares
- Issue amount
- ₹3,500 cr
- Total subscription
- 4.74×
- Opens
- 26 May 2025
- Closes
- 28 May 2025
- Allotment
- 29 May 2025
- Listing
- 2 Jun 2025
Offer at a glance
Issue overview
- Issue size
- 8,04,59,769 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹14,042
- Fresh issue
- ₹2,500 cr
- Offer for sale
- ₹1,000 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,790
- Issue type
- Bookbuilding IPO
- Shares before issue
- 27,64,86,614
- Shares after issue
- 33,39,57,878
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 34 | ₹14,790 |
| sHNI | 14 | 476 | ₹2,07,060 |
| bHNI | 68 | 2,312 | ₹10,05,720 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| HNIs (10L+) | 16,903 | 2,164 |
| HNIs (2-10L) | 8,452 | 5,883 |
| RETAIL | 2,36,646 | 1,34,780 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 1,050 | 8,250.35 |
| RETAIL | 350 | 305.05 |
| HNIs 2+ | 175 | 143.21 |
| HNIs 10+ | 350 | 422.13 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 1.97 | -0.12 | -3.5 |
| ROE | 0 | 0 | 0 |
| ROCE | 0 | 0 | 0 |
| RONW | 1.32 | 0 | 0 |
| PRE IPO(PE) | 160.63 | 0 | 0 |
| POST IPO(PE) | 213.09 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Established on March 20, 2019, The Leela Palaces, Hotels & Resorts operates as a luxury hospitality group under private equity funds managed by Brookfield. The company owns, operates, and manages premium hotels across India through direct ownership and third-party management contracts. As of May 31, 2024, the brand has 12 operational hotels with 3,382 keys, including 5 landmark owned properties across Bengaluru, Chennai, New Delhi, Jaipur, and Udaipur. With iconic dining brands like Jamavar, Le Cirque and Megu, premium MICE offerings, and 12 wellness spas (including an upcoming Soneva spa in Bengaluru), The Leela continues to reinforce its leadership in India’s luxury hotel segment.
Strengths
- Strong Global Brand: High recognition & trust in luxury hospitality.
- Premium Assets: Owns hotels in prime, high-demand markets.
- Multiple Revenue Sources: Earnings from rooms + F&B + wellness + events.
Risk factors
- Brand Reputation Risk: Any damage to brand image can reduce customer trust & revenue.
- High Asset Concentration: Reliance on 5 major hotels increases regional & operational vulnerability.
- Financial Stress: Continued losses may strain cash flows & long-term sustainability.
Promoters
Project Ballet Bangalore Holdings (DIFC) Pvt Ltd
BSREP III Joy (Two) Holdings (DIFC) Limited
BSREP III Tadoba Holdings (DIFC) Pvt Ltd
Project Ballet Chennai Holdings (DIFC) Pvt Ltd
Project Ballet Gandhinagar Holdings (DIFC) Pvt Ltd
Project Ballet HMA Holdings (DIFC) Pvt Ltd
Project Ballet Udaipur Holdings (DIFC) Pvt Ltd
Registrar & documents
Lead manager
Jm Financial Limited, Bofa Securities India Limited, Morgan Stanley India Company Private Limited, J.P. Morgan India Private Limited, Kotak Mahindra Capital Company Limited, Axis Capital Limited, Citigroup Global Markets India Private Limited, IIFL Capital Services Limited, Motilal Oswal Investment Advisors Limited, SBI Capital Markets Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
The Leela Palace, Diplomatic Enclave, Africa Avenue, Netaji Nagar
+91 22 6901 5454
[email protected]Company website ↗Understanding THELEELA IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.