Leela Hotels IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Mon, 26 May 2025
Close Date
Wed, 28 May 2025
Price Band
₹ 413 – 435
Lot Size
34
Issue Size
₹ 3,500.00 Cr
Minimum Investment
₹ 14,790 (34 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Leela Hotels IPO has successfully completed its IPO process and is now listed on the NSE and BSE. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹3,500.00 Crore, comprising a fresh issue of 5.75 Crore equity shares aggregating to ₹2,500.00 Crore and an offer for sale (OFS) of 2.30 Crore equity shares aggregating to ₹1,000.00 Crore by the existing shareholders.
The Leela Hotels IPO remained open for subscription from May 26, 2025, to May 28, 2025. The basis of allotment was finalized on May 29, 2025, and the company's shares were listed on the NSE and BSE on June 02, 2025.
The company had fixed the price band at ₹413 to ₹435 per share, with a lot size of 34 shares. Retail investors were required to make a minimum investment of ₹14,790 (based on the upper price band) to apply for one lot.
KFin Technologies Limited served as the registrar to the issue. 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 Ltd, JM Financial Limited, Kotak Mahindra Capital Company Limited, and SBI Capital Markets Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Schloss Bangalore Limited is now a publicly listed company on the NSE and BSE. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Leela Hotels IPO Timeline (Tentative)
- IPO Open Date
- Mon, 26 May 25
- IPO Close Date
- Wed, 28 May 25
- Basis of Allotment
- Thu, 29 May 25
- Initiation of Refunds
- Fri, 30 May 25
- Credit of Shares to Demat
- Fri, 30 May 25
- Listing Date
- Mon, 02 Jun 25 — NSE & BSE
Open Date
26 May 2025
Close Date
28 May 2025
Basis Of Allotment
29 May 2025
Listing Date
02 June 2025
IPO Subscription
Check Live Subscription →The Leela Hotels IPO has received bids for 20,96,73,852 shares against 4,66,10,169 shares offered, resulting in an overall subscription of 4.5x. the NII category is subscribed 1.02x, Retail Investors 0.83x, and QIBs 7.46x. Within the NII category, BNII is subscribed 1.15x, while SNII is subscribed 0.78x.
QIB
7.46x
NII
1.02x
BNII
1.15x
SNII
0.78x
RII
0.83x
Total
4.5x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 80,45,977 shares, representing 18.18% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 2,41,37,932 shares (54.55%), while Non-Institutional Investors (NIIs) receive 1,20,68,966 shares (27.27%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Qualified Institutions | 24,137,932 | 54.55% |
| Non-Institutional | 12,068,966 | 27.27% |
| BNII | 8,045,977 | 18.18% |
| SNII | 4,022,989 | 9.09% |
| Retail Investors | 8,045,977 | 18.18% |
| Total | 44,252,875 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Schloss Bangalore Limited KPI Information
| Particular | KPI as of Mon, Mar 31, 2025. |
|---|---|
| RoNW % | 1.32 |
Peers Comparison
No Peer Comparision Available
About Schloss Bangalore Limited
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.
Leela Hotels IPO 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%
Leela Hotels IPO Objective
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.
Schloss Bangalore Limited Address / Contact Details
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
Leela Hotels IPO Lot Size
The Leela Hotels IPO has a lot size of 34 shares. Retail investors require a minimum investment of ₹14,790 by applying for 1 lot (34 shares). The maximum application allowed for the retail category is 13 lots (442 shares), requiring an investment of ₹1,92,270.
| 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 |
Issue Reservation
- QIB — 54.55%
- NII — 27.27%
- RII — 18.18%
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 Ltd
- JM Financial Limited
- Kotak Mahindra Capital Company Limited
- SBI Capital Markets Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Leela Hotels IPO?
Leela Hotels IPO is a Book-building IPO with a total issue size of ₹3500 crore. The Leela Hotels IPO price band is ₹413 to 435 per share. The Leela Hotels IPO subscription opens on Mon, May 26, 2025, and closes on Wed, May 28, 2025. The Leela Hotels IPO will be listed on the BSE,NSE. KFin Technologies Limited is the registrar for the Leela Hotels IPO.
When will the Leela Hotels IPO open for subscription?
The Leela Hotels IPO opens on Mon, May 26, 2025 and closes on Wed, May 28, 2025
What is Leela Hotels IPO Price Band?
Leela Hotels IPO Price Band is ₹413 to 435 per share.
What is Leela Hotels IPO Lot Size?
Leela Hotels IPO lot size is 34 shares, Retail investors need a minimum investment of ₹14790 based on the upper price band
What is the minimum investment for Leela Hotels IPO?
The minimum investment for Leela Hotels IPO is ₹14790, based on one lot of 34 shares at the upper price band of ₹435 per share.
How to apply for Leela Hotels IPO?
Investors can apply for the Leela Hotels IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Wed, May 28, 2025. The application amount remains blocked until the Leela Hotels IPO allotment is finalized.
What is Leela Hotels IPO Issue Size?
Leela Hotels IPO issue size is ₹3500 crores.
What is the Leela Hotels IPO Allotment Date?
Leela Hotels IPO allotment date is Thu, May 29, 2025.
Who is the Leela Hotels IPO Registrar?
The registrar for Leela Hotels IPO is KFin Technologies Limited. Investors can go to KFin Technologies Limited website to check Leela Hotels IPO allotment status, refund processing, and other IPO-related information.
What is the Leela Hotels IPO GMP?
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 0.46% over the issue price.
Who is the Leela Hotels IPO Lead Manager?
The book-running lead managers (BRLMs) for the Leela Hotels IPO are 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 Ltd, JM Financial Limited, Kotak Mahindra Capital Company Limited, and SBI Capital Markets Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Leela Hotels IPO Red Herring Prospectus (RHP).