Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
Schloss Bangalore IPO is a book build issue of ₹3,500.00 crores. The issue is a combination of fresh issue of 5.75 crore shares aggregating to ₹2,500.00 crores and offer for sale of 2.30 crore shares aggregating to ₹1,000.00 crores.
Schloss Bangalore IPO bidding started from May 26, 2025 and ended on May 28, 2025. The allotment for Schloss Bangalore IPO was finalized on May 29, 2025. The shares got listed on BSE, NSE on Jun 2, 2025.
Schloss Bangalore IPO price band is set at ₹435.00 per share . The lot size for an application is 34. The minimum amount of investment required by an retail is ₹14,042 (34 shares). The lot size investment for sNII is 14 lots (476 shares), amounting to ₹2,07,060, and for bNII, it is 68 lots (2,312 shares), amounting to ₹10,05,720.
JM Financial Ltd. was the book running lead manager and Kfin Technologies Ltd. was the registrar of the issue.
Refer to Schloss Bangalore IPO RHP for detailed Information.
| IPO Date | May 26, 2025 to May 28, 2025 |
| Listing Date | June 2, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹413 to ₹435 per share |
| Issue Price Final | ₹435 per share |
| Lot Size | 34 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| 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 of ₹10 (aggregating up to ₹1,000.00 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 27,64,86,614 shares |
| Share Holding Post Issue | 33,39,57,878 shares |
Schloss Bangalore IPO offers total 8,04,59,769 shares. Out of which 6,03,44,828 (75.00%) allocated to QIB, 2,41,37,932 (30.00%) allocated to QIB (Ex- Anchor), 1,20,68,965 (15.00%) allocated to NII, 80,45,976 (10.00%) allocated to RII and 3,62,06,896 (45.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 6,03,44,828 (75.00%) | NA |
| − Anchor Investor Shares Offered | 3,62,06,896 (45.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 2,41,37,932 (30.00%) | NA |
| NII (HNI) Shares Offered | 1,20,68,965 (15.00%) | NA |
| − bNII > ₹10L | 80,45,976 (10.00%) | 16,903 |
| − sNII < ₹10L | 40,22,989 (5.00%) | 8,451 |
| Retail Shares Offered | 80,45,976 (10.00%) | 2,36,646 |
| Total Shares Offered | 8,04,59,769 (100.00%) |
Schloss Bangalore IPO raises ₹1,575.00 crore from anchor investors. Schloss Bangalore IPO Anchor bid date is May 23, 2025. Schloss Bangalore IPO Anchor Investors list
| Bid Date | May 23, 2025 |
| Shares Offered | 3,62,06,896 |
| Anchor Portion Size (In Cr.) | 1,575.00 |
| Anchor lock-in period end date for 50% shares (30 Days) | June 27, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | August 26, 2025 |
Schloss Bangalore IPO opens on May 26, 2025, and closes on May 28, 2025.
| IPO Open Date | Mon, May 26, 2025 |
| IPO Close Date | Wed, May 28, 2025 |
| Tentative Allotment | Thu, May 29, 2025 |
| Initiation of Refunds | Fri, May 30, 2025 |
| Credit of Shares to Demat | Fri, May 30, 2025 |
| Tentative Listing Date | Mon, Jun 2, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, May 28, 2025 |
Investors can bid for a minimum of 34 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Schloss Bangalore Limited, established on March 20, 2019, is a luxury hospitality company operating under "The Leela" brand in India. It owns, operates, manages, and develops luxury hotels and resorts, offering premier accommodations and personalised services inspired by Indian hospitality.
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. The company operates through direct ownership and hotel management agreements with third-party owners.
The owned portfolio comprises five landmark hotels with 1,216 keys across key business and leisure destinations: Bengaluru, Chennai, New Delhi, Jaipur, and Udaipur. These hotels, renowned as modern palaces, blend traditional Indian architecture with contemporary luxury.
As of May 31, 2024, the company operates 67 restaurants, bars, and cafes, including Jamavar, Library Bar, ZLB 23, Megu, China XO, Le Cirque, and Sheesh Mahal. The portfolio also includes 12 spas and wellness sanctuaries, with a spa collaboration with Soneva under development at The Leela Palace Bengaluru, set for completion in FY 2026. Additionally, the properties are equipped to host corporate meetings, conferences, weddings, and social events, catering to India's premium MICE market.
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 Limited's revenue increased by 15% and profit after tax (PAT) rose by 2341% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| 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 |
| 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 |
| Amount in ₹ Crore | |||
The market capitalization of Schloss Bangalore IPO is ₹10155.36 Cr.
KPI as of Mon, Mar 31, 2025.
| KPI | Values |
|---|---|
| RoNW | 1.32% |
| EBITDA Margin | 49.78% |
| Price to Book Value | 2.92 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 2.71 | 2.04 |
| P/E (x) | 160.63 | 213.09 |
The Company Schloss Bangalore IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Repayment/ prepayment/ redemption, in full or in part, of certain outstanding borrowings, interest accrued and prepayment penalties, as applicable, availed by i. The Company | 1,102.50 |
| 2 | ii. Certain of the wholly owned Subsidiaries and step-down subsidiaries, namely, Schloss Chanakya, Schloss Chennai, Schloss Udaipur and TPRPL, through investment in such Subsidiaries | 1,197.50 |
| 3 | General corporate purposes | 64.40 |
[Dilip Davda] Well, the company is a well-known global brand and is known for luxury hospitality with premium service offerings. The management is confident of maintaining its tradition with planned expansion. It turned the corner for FY25 and poised for fast forward mode with its expansion plans. Repayment of certain debts from IPO funds will reduce its finance cost drastically. Based on its financial data, the IPO appears exorbitantly priced, and is a pure long-term story. Well-informed/Cash surplus investors may park moderate funds for long term. Read detail review...
| Listing Date | June 2, 2025 |
| BSE Script Code | 544408 |
| NSE Symbol | THELEELA |
| ISIN | INE0AQ201015 |
| Final Issue Price | ₹435 per share |
| NSE Listing Group | EQ (Rolling) |
| BSE Listing Group | B |
Schloss Bangalore Ltd.
The Leela Palace, Diplomatic Enclave,
Africa Avenue,
Netaji Nagar
South Delhi, New Delhi, 110023
Phone: +91 22 6901 5454
Email: cs@theleela.com
Website: http://www.theleela.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: leelahotels.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Lead Manager Reports
Schloss Bangalore IPO is a main-board IPO of 8,04,59,769 equity shares of the face value of ₹10 aggregating up to ₹3,500.00 Crores. The issue is priced at ₹435 per share. The minimum order quantity is 34.
The IPO opens on May 26, 2025, and closes on May 28, 2025.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Schloss Bangalore IPO using UPI as a payment gateway. Zerodha customers can apply in Schloss Bangalore IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Schloss Bangalore IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Schloss Bangalore IPO opens on May 26, 2025 and closes on May 28, 2025.
Schloss Bangalore IPO lot size is 34, and the minimum amount required for application is ₹14,790.
You can apply in Schloss Bangalore IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Schloss Bangalore IPO will be done on Thursday, May 29, 2025, and the allotted shares will be credited to your demat account by Friday, May 30, 2025. Check the Schloss Bangalore IPO allotment status.
The Schloss Bangalore IPO listing date is on Monday, June 2, 2025.
Useful Articles
RHP