Schloss Bangalore Limited (HOTEL LEELA) (MAINBOARD)
May 26, 2025 – May 28, 2025
| Price | ₹413 - ₹435 |
| Premium | ₹13 |
|---|---|
| Lot size | 34 |
| Allotment | May 29, 2025 |
| Listing | Jun 2, 2025 |
About
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 34 | 14790 | 236646 |
| sHNI | 14 | 476 | 207060 | 8452 |
| bHNI | 68 | 2312 | 1005720 | 16903 |
IPO Details
| Total Issue Size | [8,04,59,769] shares (aggregating up to 3500.00 Cr) |
| Fresh Issue | [5,74,71,264] shares (aggregating up to 2500.00 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 |
IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not less than 75% of the Offer size |
| Retail Shares Offered | Not more than 10% of the Offer |
| NII (HNI) Shares Offered | Not more than 15% of the Offer |
Key Performance Indicators
| KPI | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| RONW | 1.32% | - | - |
| EPS (basic) | 1.97 | -0.12 | -3.5 |
| P/E Pre IPO | 160.63 | ||
| P/E Post IPO | 213.09 |
Financial Details In Crores
| Period Ended | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| Assets | 8,266.2 | 7,061.9 | 5,875.5 |
| Revenue | 1,406.6 | 1,226.5 | 903.3 |
| Profit After Tax | 47.7 | -2.1 | -61.7 |
| Net Worth | 3,605.0 | -2,825.7 | -2,512.0 |
| Reserves and Surplus | 3,280.4 | -2,906.2 | -2,582.8 |
| Total Borrowing | 3,908.8 | 4,242.2 | 3,696.2 |
Company Overview
Established: March 20, 2019
Brand: The Leela Palaces, Hotels & Resorts
Business Model: Owns, operates, and manages luxury hotels via direct ownership and third-party management agreements.
Promoter: Private equity funds managed by Brookfield (global alternative asset manager).
Portfolio Snapshot (as of May 31, 2024)
| Metric | Details |
|---|---|
| Operational Hotels | 12 hotels (3,382 keys) |
| Owned Hotels | 5 landmark hotels (1,216 keys) |
| Restaurants/Bars | 67 (including Jamavar, Le Cirque, Megu) |
| Spas & Wellness | 12 (including upcoming Soneva collab) |
Owned Property Highlights
The Leela Palace Bengaluru
Location: 8.23-acre urban oasis in CBD.
USP: Business-leisure mix; upcoming Soneva Spa (FY2026).
The Leela Palace Chennai
Location: 4.8-acre sea-facing property.
USP: Chettinad-inspired architecture; Bay of Bengal views.
The Leela Palace New Delhi
Location: 3-acre property in diplomatic enclave (Chanakyapuri).
USP: Proximity to 60+ embassies.
The Leela Palace Jaipur
Awards:
Best Family Hotel (Travel + Leisure India 2022)
Top 20 Best Hotels in India (Conde Nast 2023).
Location: 8.1-acre retreat near heritage sites.
The Leela Palace Udaipur
Location: 7-acre lakeside property facing Lake Pichola.
USP: Royal backdrop with City Palace views.
Key Offerings
Dining: High-end brands like Jamavar, Le Cirque, Megu, China XO.
MICE (Meetings, Incentives, Conferences, Exhibitions): Premium venues for weddings, corporate events.
Wellness: 12 spas (including a Soneva partnership in Bengaluru).
Growth & Positioning
Luxury Segment Leader: Among India’s largest by room inventory (3,382 keys).
Brookfield Backing: Strong financial support for expansions/renovations.
Future Development: Focus on enhancing luxury experiences (e.g., Soneva spa collaboration).
Strength
Strong Brand Heritage & Global Recognition – Trusted name in luxury hospitality worldwide.
Strategic Hotel Ownership – Premium assets in high-barrier, high-demand markets.
Diversified Revenue Streams – Integrated luxury offerings beyond room stays (e.g., dining, wellness, events).
Weakness
Brand Reputation Risk – Any decline in brand image may impact revenue and customer trust.
High Asset Concentration – Heavy reliance on five key hotels increases vulnerability to regional disruptions.
Continued Financial Losses – Ongoing losses may strain cash flows and affect long-term sustainability.
Lead Manager(s)
- Axis Capital Limited
- Bofa Securities India Limited
- Citigroup Global Markets India Private Limited
- Iifl Securities Ltd
- J.P. Morgan India Private Limited
- Jm Financial Limited
- Kotak Mahindra Capital Company Limited
- Morgan Stanley India Company Pvt Ltd
- Motilal Oswal Investment Advisors Limited
- SBI Capital Markets Limited
Address
The Leela Palace, Diplomatic Enclave,
Africa Avenue,
Netaji Nagar
Phone: +91 22 6901 5454
Email: cs@theleela.com
Website: http://www.theleela.com/