Bookbuilding IPO | ₹3,500 Cr | Listed at BSE, NSE | Mon, May 26, 2025 - Wed, May 28, 2025
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 is set final issue price at ₹435 per share. The lot size for an application is 34. The minimum amount of investment required by an retail is ₹14,790 (34 shares) (based on upper price). 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. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Schloss Bangalore IPO RHP for detailed Information.
IPO Open
Mon, May 26, 2025
IPO Close
Wed, May 28, 2025
Issue Price
₹435 per share
Market Cap (Pre-IPO)
₹10,155.36 Cr
| IPO Date | 26 to 28 May, 2025 |
| Listed on | Mon, Jun 2, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹413 to ₹435 |
| Issue Price | ₹435 per share |
| Lot Size | 34 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 8,04,59,769 shares (agg. up to ₹3,500 Cr) |
| Fresh Issue | 5,74,71,264 shares (agg. up to ₹2,500 Cr) |
| Offer for Sale | 2,29,88,505 shares of ₹10 (agg. up to ₹1,000 Cr) |
| Share Holding Pre Issue | 27,64,86,614 shares |
| Share Holding Post Issue | 33,39,57,878 shares |
| BSE Script Code / NSE Symbol | 544408 / THELEELA |
| ISIN | INE0AQ201015 |
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 | Max 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%) |
Investors can bid for a minimum of 34 shares and in multiples thereof.
| 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 raises ₹1,575.00 crore from anchor investors. Schloss Bangalore IPO Anchor bid date is May 23, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Fri, May 23, 2025 |
| Shares Offered | 3,62,06,896 |
| Anchor Portion (₹ Cr.) | 1,575.00 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Jun 27, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Aug 26, 2025 |
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 Ltd.'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 Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 |
| KPI | Mar 31, 2025 |
|---|---|
| RoNW | 1.32% |
| EBITDA Margin | 49.78% |
| Price to Book Value | 2.92 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 2.71 | 2.04 |
| P/E (x) | 160.63 | 213.09 |
| Promoter Holding | 100% | 75.91% |
| Market Cap | ₹10,155.36 Cr. |
The Leela Hotels IPO is subscribed 4.72 times on May 28, 2025 6:18:47 PM (Day 3). The public issue subscribed 0.87 times in the retail category, 7.82 times in the QIB category, and 1.08 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 7.82 | 2,41,37,932 | 18,87,07,038 |
| NII | 1.08 | 1,20,68,966 | 1,29,96,602 |
| bNII (bids above ₹10L) | 1.21 | 80,45,977 | 97,04,076 |
| sNII (bids below ₹10L) | 0.82 | 40,22,989 | 32,92,526 |
| Retail | 0.87 | 80,45,977 | 70,13,690 |
| Total | 4.72 | 4,42,52,875 | 20,87,17,330 |
Total Application : 1,73,916
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | BRLMs’ fees and commissions (including underwriting commission) | 82.60 |
| 2 | Brokerage, selling commission, commission and processing fees for SCSBs and Bankers to the Offer and fees payable to the Sponsor Bank(s) for Bids made by UPI Bidders. Brokerage, selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | 4.32 |
| 3 | Fees payable to the Registrar to the Offer | 2.82 |
| 4 | Fees payable to advisors, consultants, and other parties to the Offer - Statutory Auditors | 13.87 |
| 5 | Fees payable to advisors, consultants, and other parties to the Offer - Industry agency | 1.90 |
| 6 | Fees payable to advisors, consultants, and other parties to the Offer - Legal counsel | 24.98 |
| 7 | Fees payable to advisors, consultants, and other parties to the Offer - Secretarial, consultancy and others | 16.36 |
| 8 | Other expenses - Listing fees, SEBI filing fees, BSE & NSE processing fees, book building software fees and other regulatory expenses | 10.57 |
| 9 | Other expenses - Printing and stationery expenses | 1.77 |
| 10 | Other expenses - Advertising and marketing expenses for the Offer | 21.24 |
| 11 | Other expenses - Miscellaneous | 9.37 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹435.00 | ₹435.00 |
| Open | ₹406.50 | ₹406.00 |
| Low | ₹404.45 | ₹405.00 |
| High | ₹438.80 | ₹438.90 |
| Last Trade | ₹435.55 | ₹435.55 |
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 Crores. The issue is priced at ₹435 per share. The minimum order quantity is 34.
The IPO opens on Mon, May 26, 2025, and closes on Wed, 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 Mon, May 26, 2025 and closes on Wed, 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 Fri, May 30, 2025. Check the Schloss Bangalore IPO allotment status.
The Schloss Bangalore IPO listing date is on Mon, Jun 2, 2025.
