Schloss Bangalore Limited IPO:-
Luxury hospitality firm Schloss Bangalore Limited, operating under the prestigious “The Leela” brand, is preparing to open its Initial Public Offering (IPO) on May 26, 2025. The ₹3,500 crore issue includes a fresh equity offering of ₹2,500 crore (5.75 crore shares) and an offer-for-sale worth ₹1,000 crore (2.30 crore shares). The public issue will close on May 28, 2025, with the company aiming for a stock market debut on June 2, 2025, on both the BSE and NSE.
Schloss Bangalore Limited IPO Details:
| Detail | Information |
|---|---|
| IPO Name | Schloss Bangalore Limited (The Leela Hotels) |
| IPO Open/Close Dates | May 26 – May 28, 2025 |
| Issue Size | ₹3,500 crore (₹2,500 Cr fresh + ₹1,000 Cr OFS) |
| Price Band | ₹413 – ₹435 per share |
| Lot Size (Retail) | 34 shares (₹14,790 at upper band) |
| Listing Date(tentative) | June 2, 2025 |
| Stock Exchanges | BSE & NSE |
| FY25 Financials | Revenue: ₹1,406.56 Mn, PAT: ₹47.66 Mn |
| Total Assets / Net Worth | ₹8,266.16 Mn / ₹3,604.99 Mn |
| Use of Proceeds | Debt repayment, restructuring, growth initiatives |
| Promoters | Project Ballet Bangalore & BSREP III Joy (DIFC) |
| Registrar | KFin Technologies Limited |
| Investor Quota | QIB: 75%, NII: 15%, Retail: 10% |
Schloss Bangalore Limited
Founded in 2019, Schloss Bangalore has swiftly emerged as one of India’s top luxury hotel operators. As of May 31, 2024, its portfolio spans 12 premium properties totaling 3,382 keys. Among its flagship hotels are iconic destinations like The Leela Palace in Bengaluru, Chennai, New Delhi, Jaipur, and Udaipur—each known for a fusion of regal Indian design and world-class luxury.
Schloss Bangalore Limited IPO Objectives and Strategic Direction
The company plans to utilize the net proceeds for debt repayment and financial restructuring across its operations and key subsidiaries, such as Schloss Chanakya, Schloss Chennai, Schloss Udaipur, and TPRPL. This move is aimed at improving balance sheet health and supporting further growth initiatives.
Schloss Bangalore Limited Financial
Financially, Schloss Bangalore has shown remarkable progress leading up to the IPO. Between FY 2024 and FY 2025, revenue is expected to climb 15%, while profit after tax (PAT) is projected to soar by over 2,300%. For the fiscal year ending March 31, 2025, the company posted:
- Revenue: ₹1,406.56 crore
- PAT: ₹47.66 crore
- Total Assets: ₹8,266.16 crore
- Net Worth: ₹3,604.99 crore
This turnaround marks a major recovery from previous years, positioning the company as a strong contender in the public markets.
Schloss Bangalore Limited IPO Price-Band & Lot Size
The IPO is priced between ₹413 and ₹435 per share. Retail investors must apply for a minimum of 34 shares, equating to ₹14,790 at the upper end of the price band. The maximum retail application is limited to 13 lots (442 shares) or ₹1,92,270.
High Net Worth Individuals (HNIs) can participate under two brackets:
- S-HNI: Minimum ₹2,07,060 (14 lots / 476 shares)
- B-HNI: Minimum ₹10,05,720 (68 lots / 2,312 shares)
Schloss Bangalore Limited IPO Reservation:
- Qualified Institutional Buyers (QIBs): Not less than 75%
- Non-Institutional Investors (NIIs): Up to 15%
- Retail Individual Investors (RIIs): Up to 10%
Schloss Bangalore Limited IPO Schedule(Tentative):
- Open: May 26, 2025 (Monday)
- Close: May 28, 2025 (Wednesday)
- Allotment Finalization: May 29, 2025 (Thursday)
- Refunds Initiated: May 30, 2025 (Friday)
- Demat Share Credit: May 30, 2025 (Friday)
- Listing Date: June 2, 2025 (Monday)
Schloss Bangalore Limited Promoters
Before the IPO, the entire shareholding is held by the promoters through entities such as Project Ballet Bangalore Holdings (DIFC) Private Limited and BSREP III Joy (Two) Holdings (DIFC) Limited. This will be diluted post-listing.
Schloss Bangalore Limited IPO Registrar
KFin Technologies Limited has been appointed as the registrar for the IPO. Interested investors are encouraged to review official documents and apply through authorized platforms.
Schloss Bangalore Limited IPO Important Document
Disclaimer: This content is about intended solely for educational and informational purposes and should not be interpreted as financial or investment advice. The information presented is derived from publicly available sources and independent analysis; however, its accuracy or completeness is not guaranteed. Readers are encouraged to conduct their own due diligence and seek guidance from a professional financial advisor before making any investment decisions. Neither the author nor stoxmail.com assumes responsibility for any financial losses or investment actions taken based on this article.