Schloss Bangalore (Leela Hotels)

Schloss Bangalore (Leela Hotels)

Mainboard

₹14,790 / 34 Shares

Offer Date:May 26, 2025 - May 28, 2025
Share

IPO Live Subscription Details (times)

Date:28 May 2025,05:24:00 PM
QIBs:7.46
NII:NII (bids above ₹10L): 1.15x
NII (bids below ₹10L): 0.78x
NII Total: 1.02
Retail:0.83x
Total:4.50 times

IPO Details

Schloss Bangalore (Leela Hotels) IPO is priced between ₹413-435 per equity share, with a face value of ₹10 per share. The company's equity shares will be listed on the Mainboard, and Kfin Technologies Limited is managing the issue as the registrar.

The IPO bidding period opened on 26 May, 2025, and closed on 28 May, 2025. The allotment results will be announced on 29 May, 2025, with a tentative listing date set for 2 Jun, 2025.

The total issue comprises Total ₹3500.00 Cr :#Fresh Issue : 5,74,71,264 shares, amounting to ₹2500.00 Cr.

Schloss Bangalore (Leela Hotels) IPO Highlights

IPO DateListing DateFace ValuePrice BandLot SizeFresh IssueOffer for SaleListing At
May 26, 2025 - May 28, 20252 Jun, 2025₹10 Per Equity Share₹413-435 per equity share34 Shares5,74,71,264 Shares 2,29,88,505 shares of ₹10BSE, NSE

Schloss Bangalore (Leela Hotels) IPO Timeline

IPO Open Date
26 May, 2025
IPO Close Date
28 May, 2025
Basis of Allotment
29 May, 2025
Listing Date
2 Jun, 2025

Issue Price

₹413-435 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Kfin Technologies Limited

Market Lot

Retail: 34 Shares (₹14,790/-)
S-HNI: 476 Shares (₹2,07,060/-)
B-HNI: 2,312 Shares (₹10,05,720/-)

Lead Manager

Jm Financial LimitedBofa Securities India LimitedMorgan Stanley India Company Pvt LtdJ.P. Morgan India Private LimitedKotak Mahindra Capital Company LimitedAxis Capital LimitedCitigroup Global Markets India Private LimitedIifl Securities LtdMotilal Oswal Investment Advisors LimitedSBI Capital Markets Limited

Issue Size

Total ₹3500.00 Cr :
#Fresh Issue : 5,74,71,264 shares(aggregating up to ₹2500.00 Cr) +
#OFS : 2,29,88,505 shares of ₹10(aggregating up to ₹1000.00 Cr)

Retail Portion

10% (Number of Retail Applications: 2,36,646 Approx),(Number of S-HNI Applications : 8,452 Approx),(Number of B-HNI Applications : 16,903 Approx)

Subscription

4.50 times

Schloss Bangalore (Leela Hotels) IPO Financial Information

Period EndedAssetsRevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31 Mar 258266.161406.5647.663604.993280.433908.75
31 Mar 247061.881226.50-2.13-2825.72-2906.204242.18
31 Mar 235875.54903.27-61.68-2511.96-2582.803696.18
31 Mar 225863.01415.95-319.83-2452.02-2522.863676.81

All values are in ₹ Cr.

Schloss Bangalore (Leela Hotels) IPO Valuations

EPS PRE IPO

₹2.71/-

EPS POST IPO

₹2.04/-

PE PRE IPO

160.63

PE POST IPO

213.09

ROE

%

ROCE

%

DEBT EQUITY

-

RONW

1.32%

PAT MARGIN

-

PRICE TO BOOK VALUE

2.92

About Company

Schloss Bangalore is the country’s first and only luxury hospitality company run by an institution. Through the The Leela brand, the company runs and develops a range of luxury hotels and resorts all across the country. The Leela Palaces, Hotels and Resorts was founded by Captain C.P. Krishnan Nair in 1986 and has now come to symbolize the best in Indian hospitality, fine service, and beautiful architecture. The brand placed at the #1 spot for hospitality in India for the years 2020 and 2021, while being ranked #3 in 2024 by Travel + Leisure.

By 31st May 2024, The Leela runs 12 hotels with 3,382 rooms, representing almost 18% of all keys in luxury hotels in India. The company owns five world-famous, modern palaces in India, all of which merge traditional Indian architecture with modern luxury. It pledges to provide unique and memorable experiences, tailored services, and a taste of genuine Indian hospitality.

Since January, The Leela has received more than 250 awards, highlighting its leadership and impact in India’s luxury hospitality. All 2,578 permanent employees at the company are dedicated to ensuring excellence in all their properties.

Looking to the future, Schloss Bangalore has set out a bold plan for growth. The company is aiming to have eight new properties up and running by 2028, focusing mainly on wildlife and heritage tourism, both becoming popular choices for Indian and overseas visitors. Due to its strong brand and visionary leadership, Schloss Bangalore is set to play a key role in the development of luxury hospitality in India.

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Schloss Bangalore (Leela Hotels) IPO Subscription Details

As onQIBNII
bNII  sNII
RetailTotal
Shares Offered / Reserved2,41,37,932
1,20,68,966

80,45,977    40,22,989
80,45,9774,42,52,875
Day 1 - 26-05-25 05:00 PM0.03 x
0.03

0.02 x   0.05 x
0.20 x0.06 x
Day 2 - 27-05-25 05:00 PM0.11 x
0.11

0.10 x   0.12 x
0.41 x0.17 x
Day 3 - 28-05-25 05:00 PM7.46 x
1.02

1.15 x   0.78 x
0.83 x4.50 x
Total No. of Applications:1,73,910 (Approx)
Retail Subscription:

Retail:0.57x

BHNI:0.13x

SHNI:0.70x times

Schloss Bangalore (Leela Hotels) IPO - Issue Objectives

  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 (Leela Hotels)

The Leela Palace, Diplomatic Enclave,

Phone: +91 22 6901 5454

Email: cs@theleela.com

Website: http://www.theleela.com/

Registrar Contact Details

Kfin Technologies Limited

Phone: 04067162222, 04079611000

Email: leelahotels.ipo@kfintech.com

Website: https://kosmic.kfintech.com/ipostatus/