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Allotment

Schloss Bangalore Limited

Schloss Bangalore launched a book-built IPO worth ₹3,500 crore, comprising a fresh issue of 5.75 crore shares totaling ₹2,500 crore and an offer for sale of 2.30 crore shares aggregating to ₹1,000 crore.

The IPO opened for bidding on May 26, 2025, and closed on May 28, 2025. The allotment was finalized on May 29, 2025, and the shares were subsequently listed on BSE and NSE on June 2, 2025.

The price band for the IPO was set at ₹435 per share. The lot size for an application is 34 shares. For retail investors, the minimum investment is 1 lot (34 shares), amounting to ₹14,790 (based on the upper price). For sNII investors, the minimum subscription is 14 lots (476 shares), totaling ₹2,07,060, while bNII investors must subscribe to a minimum of 68 lots (2,312 shares), amounting to ₹10,05,720.

The IPO was managed by JM Financial Ltd. as the Book Running Lead Manager, with Kfin Technologies Ltd. serving as the Registrar of the Issue.

Schloss Bangalore Limited IPO & Charts
₹435

0%

Open

₹435

HIgh - Low

₹435

Previous Close

₹435

Total Traded Value

0

52 Weeks High

₹435

52 Weeks Low

₹435

Updates On

May 15, 2025

IPO. Open

May 26, 2026

IPO. Close

May 28, 2026

IPO. Price

₹435.00

IPO Market price

₹10,155.36 Cr

IPO Details

IPO Date 2 Jun
IPO Listing Date 2 Jun
IPO Face Value ₹10 per share
IPO Price Range ₹435.00
IPO Issue Size 8,04,59,769 shares
IPO Sale Type Fresh Capital & OFS
Employee Discount -
IPO Issue Type Bookbuilding IPO
IPO Listing BSE, NSE Platform
hare Holding Pre Issue 27,64,86,614 shares

IPO Timeline

IPO Open Date 26 May
IPO Close Date 28 May
IPO Allotment (Tentative) 29 May
Refunds 30 May
Credit to Demat Account 30 May
IPO Listing Date 2 Jun

IPO Reservation

Category Offer
QIB Shares Offered 6,03,44,828 Shares
NII (HNI) Shares Offered 1,20,68,965 Shares
Retail Shares Offered 80,45,976 Shares

IPO Lot Size

Investors can bid for a minimum of 34 shares, with additional bids required in multiples of 34 shares.

Application Lots Share 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
About Company

Established on March 20, 2019, Schloss Bangalore Limited is a luxury hospitality company operating under “The Leela” brand in India. The company owns, operates, manages, and develops luxury hotels and resorts, delivering premier accommodations and personalized services inspired by Indian hospitality.

Operational Footprint:
As of May 31, 2024, Schloss Bangalore Limited is one of India’s largest luxury hospitality companies by number of keys, with a portfolio of 12 operational hotels comprising 3,382 keys. The portfolio includes The Leela Palaces, The Leela Hotels, and The Leela Resorts, operating through a mix of direct ownership and management agreements with third-party owners.

Owned Portfolio:
The company directly owns five landmark hotels with 1,216 keys across key business and leisure destinations: Bengaluru, Chennai, New Delhi, Jaipur, and Udaipur. These hotels are modern palaces blending traditional Indian architecture with contemporary luxury:

The Leela Palace Bengaluru – An 8.23-acre urban property in the central business district, catering to business and leisure travelers.

The Leela Palace Chennai – A 4.8-acre sea-facing palace on the Chennai marina, inspired by Chettinad architecture, with panoramic views of the Bay of Bengal.

The Leela Palace New Delhi – A 3-acre property in the diplomatic enclave of Chanakyapuri, close to over 60 embassies and high commissions.

The Leela Palace Jaipur – An 8.1-acre luxury retreat near historic sites, awarded Best Family Hotel by Travel + Leisure India 2022 and listed among Top 20 Best Hotels in India by Conde Nast Traveler Readers’ Choice 2023.

The Leela Palace Udaipur – A 7-acre property overlooking Lake Pichola and the City Palace, offering a picturesque setting.

Hospitality and Amenities:
As of May 31, 2024, Schloss operates 67 restaurants, bars, and cafes, including Jamavar, Library Bar, ZLB 23, Megu, China XO, Le Cirque, and Sheesh Mahal. The company also offers 12 spas and wellness sanctuaries, with a collaboration with Soneva under development at The Leela Palace Bengaluru, set for completion in FY 2026.

The hotels are fully equipped to host corporate meetings, conferences, weddings, and social events, catering to India’s premium MICE (Meetings, Incentives, Conferences, and Exhibitions) market.

Promoters and Management:
Schloss Bangalore Limited is promoted by private equity funds managed and advised by affiliates of Brookfield, one of the world’s largest alternative asset managers.

Schloss Bangalore Ltd. reported strong growth in FY 2025, with revenue increasing by 15% and profit after tax (PAT) rising by 2,341% compared to the previous financial year ending March 31, 2024.

Company Financials (Consolidated)

Assets 8,266.16 7,061.88 5,875.54
Total Income 1,406.56 1,226.50 903.27
Profit After Tax 47.66 -2.13 -61.68
EBITDA - - -
NET Worth 3,604.99 -2,825.72 -2,511.96
Reserves and Surplus 3,280.43 -2,906.20 -2,582.80
Total Borrowing 3,908.75 4,242.18 3,696.18

Key Performance Indicator (KPI)

ROE -
ROCE -
Debt/Equity -
RoNW -
PAT Margin -
EBITDA Margin -
Price to Book Value -
IPO Objective

IPO Objects of the Issue

S.No. Objects of the ipo Resources Detail IPO Amount
1 Funding capital expenditure requirements for the purchase of equipment/machineries -
2 To meet out the expenses of Working Capital Requirement -
3 To meet out the General Corporate Purposes; 64.4
4 Offer for Sale (OFS) -

Contact Details

Schloss Bangalore Ltd. Address
The Leela Palace, Diplomatic Enclave,
Africa Avenue,
Netaji Nagar
South Delhi, New Delhi, 110023
+91 22 6901 5454
cs@theleela.com
http://www.theleela.com/

Detail Registrar

IPO Registrar

Kfin Technologies Ltd.
04067162222, 04079611000
leelahotels.ipo@kfintech.com
https://ipostatus.kfintech.com/

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