Schloss Bangalore IPO

4.72x

subscribed

Schloss Bangalore IPO

Hotel
listed
₹14,042Min. investment
  1. Pre-apply
    23 May
  2. Bid start
    26 May
  3. Bid end
    28 May
  4. Allotment
    29 May
  5. Release of funds
    30 May
  6. Demat transfer
    30 May
  7. Listing
    2 Jun

About Schloss Bangalore Limited

SectorHotel
Price range₹413 – ₹435
IPO type
Regular
Lot size34 shares
Issue size₹3,500Cr
Red Herring Prospectus
Read
Market Cap
₹10,155CrHigher than sector avg
RevenueApr 2024 - Mar 2025
₹1,300CrHigher than sector avg
Growth rate3Y CAGR
22.97%Higher than sector avg

Schloss Bangalore Limited IPO Overview

Schloss Bangalore Limited IPO Date

Schloss Bangalore IPO will open for subscription on May 26, 2025, and the closing date for the IPO is May 28, 2025. After this, investors are expected to be updated about the allotment status on Friday, May 29, 2025.

Investors who have been allotted shares can expect them to be credited to their demat account on May 30, 2025. The shares will be listed on the NSE and the BSE on Tuesday, June 2, 2025.

Schloss Bangalore IPO Price Band

The IPO includes an offer for sale and a fresh issue of shares. The IPO price band has been set between ₹413 to ₹435 per share. Interested investors can choose a price within this band to apply for the IPO.

The IPO is a book-building issue of ₹3,500 crore, comprising an offer for sale of ₹1,000 crore and a fresh issue of ₹2,500 crore.

The Schloss Bangalore IPO listing price will be determined on June 2, 2025. The listing price is the price at which a company’s shares debut on the stock exchanges.

Schloss Bangalore IPO Lot Size

The Schloss Bangalore IPO details have been declared. The minimum lot size for an application is 34 shares, and the investor would have to apply for a minimum of 1 lot. Meanwhile, the IPO issue size is approximately ₹3,500 crore.

Checklist

Quality analysis
Revenue growth
Company valuation
Earnings expansion
Risk analysis
Debt to Equity ratio
Promoter holdings
Shares pledged
The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Compare

Companies in this sector
Indian Hotels Company LtdIndian Hotels Company Ltd
EIH LtdEIH Ltd
Chalet Hotels LtdChalet Hotels Ltd
Revenue
Higher revenue means strong sales and good market demand
This IPO
₹1,300Cr
This sector
₹271.36Cr
Compare with companies
3Y growth
Strong 3-year growth shows consistent progress and potential
This IPO
22.97%
This sector
0.01%
Compare with companies
PAT
Higher PAT means strong profitability and efficient cost management
This IPO
₹47.6Cr
This sector
₹43.44Cr
Compare with companies
Market cap
Higher market cap means strong confidence but may suggest overvaluation
This IPO
₹10,155Cr
This sector
₹3,215.69Cr
Compare with companies
P/E ratio
Lower ratio usually means stock is undervalued
This IPO
220.81
This sector
31.38
Compare with companies
D/E ratio
Lower ratio usually means fewer liabilities
This IPO
1.08
This sector
0.70
Compare with companies

Objectives

Repayment of outstanding borrowings
92.00%
General corporate purposes
8.00%

Strength and Weakness

Leading luxury hospitality brand

The company is a globally acclaimed luxury hospitality brand with 250+ awards and consistently high guest satisfaction. Its emphasis on Indian heritage and personalised service drives strong appeal among both domestic and international travellers.

Located in markets with high barriers to entry

The company’s owned portfolio of five iconic hotels (1,224 keys) in high-barrier markets like Delhi, Bengaluru, and Chennai offers premium locations, large average room sizes (~36% above industry average), and limited new supply, enabling strong pricing power. These modern palaces consistently outperform peers in ARR and RevPAR, reinforcing the brand’s leadership in Indian luxury hospitality.

Active asset management

Strong asset management boosted RevPAR to 1.4x the industry average, with 65.36% of room revenue from direct sales. Capital upgrades and cost discipline drive top EBITDA margins and high guest satisfaction.

Experienced management team

The company is led by a seasoned management team with over 20 years of hospitality experience, supported by a distinguished board, driving operational excellence and strategic growth through deep industry expertise.

About Schloss Bangalore Limited

Established in 1986, Schloss Bangalore owns, operates, manages, and develops luxury hotels and resorts under "The Leela" brand. It is one of the largest luxury hospitality companies by number of keys in India.
The company has a portfolio of 3,553 keys across 13 operational hotels under The Leela Palaces, Hotels, and Resorts. The portfolio comprises five owned hotels, seven managed under hotel management agreements, and one franchised hotel owned and operated by a third party.
In FY25, the company recorded an average room rate (ARR) of ₹16,409 and revenue per available room (RevPAR) of ₹10,696 across its operational properties, while the overall average occupancy rate of 65%. Schloss Bangalore has a strategic presence across 10 key business and leisure destinations in India, covering 80% of international and 59% of domestic air traffic in FY25.

IPO Analysis

video thumbnail
IPO REVIEW
Schloss Bangalore IPO
Should you apply?

IPO Subscription Status

Date
QIB
NII
Retail
Total
26-May-25
0.03 times (X)
0.03 times (X)
0.21 times (X)
0.07 times (X)
27-May-25
0.12X
0.11X
0.43X
0.17X
28-May-25
7.86X
1.03X
0.83X
4.72X

Latest News on IPO

news logo
The Leela Palaces, Hotels and Resorts will seek a valuation of at least $2.5 billion (approximately ₹21,000 crore) in a public listing likely in nine months, two people familiar with its plans said, in a remarkable turnaround for the luxury chain that changed hands under crushing debt and defaults five years ago.
news logo
The Leela Palaces, Hotels and Resorts is preparing for a ₹3,150 crore IPO, potentially valuing the company at $2.5 billion (₹21,000 crore). This marks a significant turnaround from its 2019 bankruptcy, where assets were sold to Brookfield for ₹3,950 crore. The IPO, excluding The Leela Mumbai, will be the largest in India's hospitality sector. Brookfield plans to sell 15% initially and another 10% over three years, with JM Financial and Bank of America as investment bankers.

2 min read

news logo
The Leela luxury hotel chain’s parent Schloss Bangalore has filed draft red herring papers (DRHP) for a ₹5,000 crore ($599 million) initial public offering (IPO) on September 20, data on the exchanges showed. As per the exchange filing, Schloss is eyeing fresh issue of shares worth ₹3,000 crore, and shareholder Project Ballet Bangalore Holdings (DIFC), will sell shares worth ₹2,000 crore.
news logo
Schloss Bangalore, owner of The Leela luxury hotels, has set an IPO price band of ₹413-₹435 per share for its ₹3,500 crore offering. The IPO, reduced by 30%, will run May 26-28, with anchor bids starting May 23. Proceeds will primarily repay debt. The company operates 12 properties and has shown financial recovery. Listing is expected June 2, 2025.
news logo
Leela Hotels share price: The ₹3,500 crore Schloss Bangalore IPO, with a price range of ₹413 to ₹435 per equity share, was a mix of a fresh issuance of shares valued at ₹2,500 crore as well as an offer for sale (OFS) of ₹1,000 crore.

2 min read

Frequently asked questions

How to invest in the IPO?

Investors can apply for the IPO through their Demat account via the stock exchange or through their broker.

What is the issue size of Schloss Bangalore IPO ?

The issue size of the Schloss Bangalore IPO is 3500 Cr.

What is 'pre-apply' for Schloss Bangalore IPO ?

Pre-applying for an IPO allows you to submit your application before the official subscription period begins.

Which exchanges will Schloss Bangalore IPO shares list on?

The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.