To be announced
Application Details
The Schloss Bangalore IPO will open for subscription from May 26 to May 28, 2025. This Book Built Issue IPO is set to be listed on both the BSE and NSE. The total issue size is 8,04,59,769 equity shares, aggregating up to ₹3,500 crore. This includes a fresh issue of 5,74,71,264 shares worth ₹2,500 crore and an offer for sale of 2,29,88,505 shares amounting to ₹1,000 crore. Each share has a face value of ₹10, and the price band for the IPO has been fixed between ₹413 and ₹435 per share. The lot size for investors is 34 shares, with the minimum retail investment amounting to ₹14,790. Retail investors can apply for a maximum of 13 lots, totaling 442 shares and ₹1,92,270.
As per the IPO schedule, the basis of allotment will be finalized on Thursday, May 29, 2025. Refunds will be initiated and shares credited to demat accounts on Friday, May 30, 2025. The company is expected to make its stock market debut on Monday, June 2, 2025.
About Schloss Bangalore Limited (Leela Hotels)
Company Overview
Schloss Bangalore Limited, incorporated on March 20, 2019, in New Delhi, is India’s leading luxury hospitality company. The company was originally established as “Schloss Bangalore Pvt. Ltd.” and later converted into a public limited company on May 30, 2024. It operates under the globally acclaimed brand “The Leela,” offering luxury accommodations and personalised services inspired by Indian heritage.
The company is promoted by private equity funds managed and advised by affiliates of Brookfield, one of the world’s largest alternative asset managers, known for its deep local expertise and global presence.
Business Model and Operations
Schloss Bangalore Limited owns, operates, manages, and develops luxury hotels and resorts across India. It operates through:
- Owned Portfolio: Direct ownership of hotels
- Managed Portfolio: Hotel management agreements with third-party owners
- Franchise Arrangement: One hotel owned and operated by a third party under a franchise model
As of March 31, 2025, the company’s operational portfolio comprises 13 hotels with 3,553 keys, making it one of India’s largest luxury hospitality companies by number of keys. It also runs 67 restaurants, bars, and cafes, along with 12 spas and wellness sanctuaries, and offers comprehensive event-hosting services for India’s premium MICE (Meetings, Incentives, Conferences, and Exhibitions) market.
Owned Portfolio
The company owns five landmark hotels with a total of 1,216 keys, located in key Indian cities:
- The Leela Palace Bengaluru: Located in the central business district, this 8.23-acre property caters to both business and leisure travelers.
- The Leela Palace Chennai: A 4.8-acre sea-facing hotel on the Marina, inspired by Chettinad architecture, offering views of the Bay of Bengal.
- The Leela Palace New Delhi: Spread across 3 acres in Chanakyapuri, near over 60 embassies and high commissions.
- The Leela Palace Jaipur: An 8.1-acre retreat near Jaipur’s heritage sites, awarded Best Family Hotel (Travel + Leisure India, 2022) and listed in Top 20 Best Hotels in India (Conde Nast Traveler, 2023).
- The Leela Palace Udaipur: A 7-acre lakeside property overlooking Lake Pichola and the City Palace.
The company is also developing a spa in collaboration with Soneva at The Leela Palace Bengaluru, expected to be completed in FY2026.
FAQ
IPO stands for "Initial Public Offering." It's the process through which a privately-held company becomes publicly traded by offering its shares to the general public and listing them on a stock exchange for trading. This allows the company to raise capital from investors and grants individuals and institutions the opportunity to invest in and own a portion of the company.
The life cycle of an IPO, or Initial Public Offering, begins with a company's decision to go public. It involves hiring underwriters, registering with regulatory authorities, determining the IPO price, marketing to investors, and the subscription period where investors place orders for shares. After allocation and listing, shares become publicly tradable, and the company enters the secondary market. Ongoing reporting and corporate governance are crucial as the company continues to operate as a publicly-traded entity. The IPO aims to raise capital for growth and provides investors with opportunities to trade shares in the company.
An IPO (Initial Public Offering) is when a private company goes public by selling shares to the public. Investors buy these shares, giving them ownership in the company. It's a way for companies to raise capital and expand. The process involves underwriters, regulatory filings, setting the IPO price, and marketing to investors. After the IPO, shares can be traded on a stock exchange. IPOs offer opportunities and risks, so investors should research and consider carefully.
"Upcoming IPOs" refers to initial public offerings that have been announced by private companies but have not yet occurred. These are companies that plan to go public in the near future by issuing shares to the public and listing them on a stock exchange. Investors often keep an eye on upcoming IPOs as they represent opportunities to invest in companies at their early stages of public trading, potentially capturing growth potential. These offerings are typically accompanied by significant media and investor attention as they approach their launch dates.