by Ankita Lodh on 26 May 2025, 4 minutes min read
The hospitality sector in India is buzzing with excitement as Schloss Bangalore Limited, the parent company of The Leela Palaces, Hotels & Resorts, launches its highly anticipated initial public offering (IPO). Known in the market as the Leela Hotel IPO, this public issue is one of the largest in the Indian hotel industry, aiming to raise substantial capital for expansion and debt reduction.
Investors, analysts, and hospitality enthusiasts are keenly watching the Leela Hotels IPO GMP and the company’s future growth prospects. That being said, let’s break down the IPO details in this blog.
Schloss Bangalore Limited was established in 2019 and has quickly become a significant player in India’s luxury hospitality landscape. The company owns, operates, manages, and develops hotels and resorts under the prestigious “The Leela” brand. As of March 31, 2025, Schloss Bangalore Limited operates 13 luxury properties across India, comprising 3,553 keys—making it one of the largest luxury hospitality companies in the country by room count.
Source: The Leela
The group’s business model is a blend of asset-heavy and asset-light strategies. It directly owns five hotels and manages or franchises eight others, allowing for both operational control and scalability. The Leela brand has consistently been recognised among the world’s best hospitality brands, earning top rankings in Travel + Leisure World’s Best Awards in recent years.
The Schloss Bangalore IPO, popularly referred to as the Leela Hotel IPO, opened for public subscription on Monday, May 26, 2025, and will close on Wednesday, May 28, 2025. Here are the key details:
| IPO Date | May 26, 2025 to May 28, 2025 |
| Tentative listing Date | Mon, Jun 2, 2025 |
| Face Value | ₹10 per share |
| Issue 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 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 |
For more information, read the full Leela Hotels IPO RHP.
The IPO structure reserves at least 75% of the net offer for qualified institutional buyers, up to 10% for retail investors, and up to 15% for non-institutional investors. Ahead of the public issue, Schloss Bangalore Limited successfully raised ₹1,575 crore from anchor investors, indicating strong institutional interest.
The Leela Hotels IPO GMP has been a topic of discussion among investors. As the IPO opened, the GMP reportedly saw an uptick, reflecting positive sentiment in the unofficial market.
As of May 26, 2025, Leela Hotels GMP or Schloss IPO GMP is +13. However, investors should note that GMP is an unofficial indicator and not a guarantee of listing gains.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets (₹ crore) | 8,266.16 | 7,061.88 | 5,875.54 |
| Revenue (₹ crore) | 1,406.56 | 1,226.50 | 903.27 |
| Profit After Tax (₹ crore) | 47.66 | -2.13 | -61.68 |
| Net Worth (₹ crore) | 3,604.99 | -2,825.72 | -2,511.96 |
| Reserves and Surplus (₹ crore) | 3,280.43 | -2,906.20 | -2,582.80 |
| Total Borrowing (₹ crore) | 3,908.75 | 4,242.18 | 3,696.18 |
The objectives of the Leela Hotel IPO are clear and strategic:
This fund utilisation plan allocates ₹23,000 million primarily for debt management across the corporate group, involving both direct repayment of the parent company’s outstanding borrowings and strategic investments into four key subsidiaries, including Schloss Chanakya, Schloss Chennai, Schloss Udaipur, and TPRPL, which will use these funds to repay, prepay, or redeem their own debt obligations in full or partially.
The remaining funds are for general corporate purposes, providing operational flexibility for working capital, business expansion, capital expenditure, and other strategic initiatives.
The Leela Hotel IPO, or officially the Schloss Bangalore Limited IPO, marks a significant milestone for both the company and the Indian hospitality industry. The positive movement in the Leela Hotels IPO GMP and strong anchor investor interest reflect market confidence, though investors should weigh the premium valuation and future growth prospects carefully.
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