Schloss Bangalore IPO Price: ₹413 to ₹435 per share
IPO Dates: 26th May 2025 – 28th May 2025
Company Overview
Schloss Bangalore Limited, incorporated on March 20, 2019, in New Delhi, is India’s leading luxury hospitality company. The company was originally established as “Schloss Bangalore Pvt. Ltd.” and later converted into a public limited company on May 30, 2024. It operates under the globally acclaimed brand “The Leela,” offering luxury accommodations and personalised services inspired by Indian heritage.
The company is promoted by private equity funds managed and advised by affiliates of Brookfield, one of the world’s largest alternative asset managers, known for its deep local expertise and global presence.
Business Model and Operations
Schloss Bangalore Limited owns, operates, manages, and develops luxury hotels and resorts across India. It operates through:
- Owned Portfolio: Direct ownership of hotels
- Managed Portfolio: Hotel management agreements with third-party owners
- Franchise Arrangement: One hotel owned and operated by a third party under a franchise model
As of March 31, 2025, the company’s operational portfolio comprises 13 hotels with 3,553 keys, making it one of India’s largest luxury hospitality companies by number of keys. It also runs 67 restaurants, bars, and cafes, along with 12 spas and wellness sanctuaries, and offers comprehensive event-hosting services for India’s premium MICE (Meetings, Incentives, Conferences, and Exhibitions) market.
Owned Portfolio
The company owns five landmark hotels with a total of 1,216 keys, located in key Indian cities:
- The Leela Palace Bengaluru: Located in the central business district, this 8.23-acre property caters to both business and leisure travelers.
- The Leela Palace Chennai: A 4.8-acre sea-facing hotel on the Marina, inspired by Chettinad architecture, offering views of the Bay of Bengal.
- The Leela Palace New Delhi: Spread across 3 acres in Chanakyapuri, near over 60 embassies and high commissions.
- The Leela Palace Jaipur: An 8.1-acre retreat near Jaipur’s heritage sites, awarded Best Family Hotel (Travel + Leisure India, 2022) and listed in Top 20 Best Hotels in India (Conde Nast Traveler, 2023).
- The Leela Palace Udaipur: A 7-acre lakeside property overlooking Lake Pichola and the City Palace.
The company is also developing a spa in collaboration with Soneva at The Leela Palace Bengaluru, expected to be completed in FY2026.
Brand Recognition and Awards
The Leela brand has consistently garnered international acclaim for its excellence in luxury hospitality. It was ranked as the #1 hospitality brand in the world by the Travel + Leisure World’s Best Awards in both 2020 and 2021. Continuing its strong global reputation, the brand was also recognized among the Top 3 hospitality brands worldwide in 2023 and 2024.
Strategic Presence
Schloss Bangalore Limited has established a strong footprint across 10 key business and leisure destinations in India. These locations collectively account for approximately 80% of international air traffic and 59% of domestic air traffic in the country, as of FY2025, positioning the company advantageously to attract both global and domestic travelers.
Competitive Strengths
- Strong Brand with Global Appeal: Operating under “The Leela,” a globally recognised brand known for its heritage and service quality
- Strategic Assets: Ownership of marquee hotels in high-entry barrier markets
- Diversified Revenue Streams: Through room stays, F&B outlets, spas, and event services
- Operational Efficiency: Proven asset management approach to optimise performance
- Experienced Leadership: Led by a seasoned senior management team and an expert board
- Support from Brookfield: Backed by a world-class investor with local execution capability
Bidding Starts In
Schloss Bangalore IPO Specifics:
| IPO Date | May 26, 2025 to May 28, 2025 |
| Listing Date | Monday, June 2 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹413 to ₹435 per share |
| Lot Size | 34 Shares |
| Total Issue Size | 8,04,59,769 shares (aggregating up to ₹3,500.00 Cr) |
| Fresh Issue | 5,74,71,264 shares (aggregating up to ₹2,500.00 Cr) |
| Offer for Sale | 2,29,88,505 shares (aggregating up to ₹1,000.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 17,59,85,320 shares |
| Share Holding Post Issue | 23,34,56,584 shares |
Schloss Bangalore IPO Timetable (Important Dates)
| IPO Open Date | Monday, May 26, 2025 |
| IPO Close Date | Wednesday, May 28, 2025 |
| Basis of Allotment | Thursday, May 29 2025 |
| Initiation of Refunds | Friday, May 30 2025 |
| Credit of Shares to Demat | Friday, May 30 2025 |
| Listing Date | Monday, June 2 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 28, 2025 |
Schloss Bangalore IPO Lot Size
Bidders have the opportunity to bid for a minimum of 34 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 34 | ₹14,790 |
| Retail (Max) | 13 | 442 | ₹1,92,270 |
| S-HNI (Min) | 14 | 476 | ₹2,07,060 |
| S-HNI (Max) | 67 | 2,278 | ₹9,90,930 |
| B-HNI (Min) | 68 | 2,312 | ₹10,05,720 |
Schloss Bangalore IPO Reservation
| QIB Shares Offered | Not more than 75% of the Net offer |
| Retail Shares Offered | Not less than 10% of the Offer |
| NII (HNI) Shares Offered | Not less than 15% of the Offer |
Schloss Bangalore Limited IPO Financial Information
| Period Ended | 31 Mar 2023 | 31 Mar 2024 | 31 Mar 2025 |
|---|---|---|---|
| Assets | 5875.54 | 7061.88 | 8266.16 |
| Revenue | 903.27 | 1226.50 | 1406.56 |
| Profit After Tax | -61.68 | -2.13 | 47.66 |
| Net Worth | -2511.96 | -2825.72 | 3604.99 |
| Reserves and Surplus | -2582.80 | -2906.20 | 3280.43 |
| Total Borrowing | 3696.18 | 4242.18 | 3908.75 |
Key Performance Indicator – Schloss Bangalore IPO
| KPI | Values |
|---|---|
| Market Cap | ₹ 10,155.36 Cr |
| EPS | ₹2.71 |
| P/E (x) | 160.63 |
| RoNW | 1.32% |
Objects of the Issue:
Leela Hotels plans to utilise the net proceeds from its IPO for the following purposes:
- To repay, prepay, or redeem, either fully or partially, certain outstanding borrowings taken by the Company and its subsidiaries—Schloss Chanakya, Schloss Chennai, Schloss Udaipur, and TPRPL—through investments made in these subsidiaries.
- To meet general corporate expenses.
Prospectus Links:
Prospectus: Official documents that provide detailed information about the IPO and the company.
