Leela Hotels IPO
Open MainLineCurrent GMP
₹2 (+0.46%)
Price Band
₹ 413 – 435
Lot Size
34
Issue Size
₹3500 Cr
Minimum Investment
₹14790 (34 Shares)
Listing Date
02 June 2025
Subscription
4.5x
About the Company
Schloss Bangalore Limited operates luxury hotels and resorts under the prestigious Leela brand, founded in 1986 and rooted in traditional Indian hospitality. Ranked among the world’s top hospitality brands by Travel + Leisure, The Leela has won over 250 awards since 2021. As of March 31, 2025, the company manages a portfolio of 13 operational hotels across India with 3,553 keys, including five owned, seven managed, and one franchised property. Its properties are located in key business and leisure markets, covering a significant share of both domestic and international air traffic.
The company’s owned hotels—referred to as “modern palaces”—consistently outperform industry averages in ARR, RevPAR, and guest satisfaction. Its asset-light managed portfolio also delivers strong returns and high Net Promoter Scores. Schloss Bangalore Limited is expanding with seven new hotels (678 keys) by 2028 across new tourism segments and cities.
Since the 2019 acquisition by Brookfield, a global asset manager with extensive real estate and hospitality experience, the company has strengthened its leadership, improved financial performance, and launched growth initiatives, including a right of first offer agreement for future hotel acquisitions. Schloss Bangalore Limited aims to sustain its leadership in luxury hospitality through strategic expansion and exceptional guest experiences.
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
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
0.00%
Objects of the Issue
The Company Leela Hotels IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
1. Repayment/ prepayment/ redemption, in full or in part, of certain outstanding borrowings, interest accrued and prepayment penalties, as applicable, availed by:
(a) Our Company; and
(b) Certain of our wholly owned Subsidiaries and step-down subsidiaries, namely, Schloss Chanakya, Schloss Chennai, Schloss Udaipur and TPRPL, through investment in such Subsidiaries; and
2. General corporate purposes.
Address / Contact Info
Schloss Bangalore Limited
The Leela Palace,
Diplomatic Enclave,
Africa Avenue, Netaji
Nagar, South Delhi,
New Delhi, 110 023
Phone: +91 22 6901 5454
Email: cs@theleela.com
Website: http://www.theleela.com/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Monday, 26 May 2025
IPO Close Date
Wednesday, 28 May 2025
Basis of Allotment
Thursday, 29 May 2025
Initiation of Refunds
Friday, 30 May 2025
Credit of Shares to Demat
Friday, 30 May 2025
Listing Date
Monday, 02 June 2025 — NSE & BSE
Important Dates
Open Date
26 May 2025
Close Date
28 May 2025
Basis Of Allotment
29 May 2025
Listing Date
02 June 2025
Financial Performance (₹ in Crores)
| Particular | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 8266.16 | 7061.88 | 5875.54 |
| Revenue | 1406.56 | 1226.5 | 903.27 |
| Profit After Tax | 47.66 | -2.13 | -61.68 |
| Net Worth | 3604.99 | -2825.72 | -2511.96 |
| Reserve & Surplus | 3280.43 | -2906.2 | -2582.8 |
| Total Borrowings | 3908.75 | 4242.18 | 3696.18 |
EPS Pre
2.71%
EPS Post
2.04%
P/E Pre
160.63
P/E (Post Issue)
213.09x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of Mon, Mar 31, 2025. |
|---|---|
| ROE % | 0 |
| ROCE % | 0 |
| Debt / Equity | 0 |
| RoNW % | 1.32 |
| PbW | 0 |
| Pat Margin % | 0 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 24137932 | 54.55 | 0 |
| Non-Institutional | 12068966 | 27.27 | 0 |
| BNII | 8045977 | 18.18 | 0 |
| SNII | 4022989 | 9.09 | 0 |
| Retail Investors | 8045977 | 18.18 | 0 |
| Total | 44252875 | 100 | 0 |
Subscription Status ( Wed, 28 May 25 01:36 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 25423729 | 189663322 | 7.46x |
| Non-Institutional | 12711864 | 12996908 | 1.02x |
| BNII | 8474576 | 9704076 | 1.15x |
| SNII | 4237288 | 3292832 | 0.78x |
| Retail Investors | 8474576 | 7013622 | 0.83x |
| Total | 46610169 | 209673852 | 4.5x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 34 | 14,790.00 |
| Retail (Max) | 13 | 442 | 192,270.00 |
| S-HNI (Min) | 14 | 476 | 207,060.00 |
| S-HNI (Max) | 67 | 2,278 | 990,930.00 |
| B-HNI (Min) | 68 | 2,312 | 1,005,720.00 |
Registrar
Kfin Technologies Limited
04067162222, 04079611000
reachus@kfintech.com
https://www.kfintech.com
Book Running Lead Managers
- Citigroup Global Markets India Private Limited
- IIFL Capital Services Limited
- Bofa Securities India Limited
- Axis Capital Limited
- Morgan Stanley India Company Private Limited
- J.P. Morgan India Private Limited
- Motilal Oswal Investment Advisors Pvt Ltd
- JM Financial Limited
- Kotak Mahindra Capital Company Limited
- SBI Capital Markets Limited
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Leela Hotels IPO is a Book-building IPO worth ₹3500 crores. The price band is ₹413 to 435 per share. The IPO opens on Mon, May 26, 2025 and closes on Wed, May 28, 2025. It will be listed on BSE and NSE. Kfin Technologies Limited is the registrar.
The Leela Hotels IPO opens on Mon, May 26, 2025 and closes on Wed, May 28, 2025
Leela Hotels IPO Price Band is ₹413 to 435.
Leela Hotels IPO lot size is 34, and the minimum amount required for application is ₹14790.
The minimum investment for Leela Hotels IPO is approximately ₹14790 based on the upper price band.
To apply for the Leela Hotels IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Wed, May 28, 2025. After submission, funds are blocked until the basis of allotment of Leela Hotels IPO is finalised.
Leela Hotels IPO issue size is ₹3500 crores.
Leela Hotels IPO allotment date is Sat, Jun 27, 2026.
The registrar for Leela Hotels IPO is Kfin Technologies Limited. Investors can go to Kfin Technologies Limited website for IPO allotment status, refund processing, and other queries related to Leela Hotels IPO through their official website or helpline.
The Leela Hotels IPO GMP (Grey Market Premium) is ₹2 as of Mon, Jun 2, 2025. Based on the upper price band of ₹435 per share, the estimated Leela Hotels IPO listing price is ₹437, indicating a potential listing gain of approximately 31% over the issue price.