Leela Hotels IPO Set to Open on May 26: All You Need to Know

Schloss Bangalore IPO (Leela Hotels IPO) is all set to open on May 26, 2025, and the subscription window will remain open until May 28, 2025. Following the closure, the allotment of shares is expected to be finalised on May 29, 2025. The shares are scheduled to be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) with a tentative listing date of June 2, 2025.

The upcoming IPO is managed by a consortium of prominent investment banks and financial institutions. The book running lead managers include JM Financial, BofA Securities India, Morgan Stanley India, J.P. Morgan India, Kotak Mahindra Capital, Axis Capital, Citigroup Global Markets India, IIFL Securities, Motilal Oswal Investment Advisors, and SBI Capital Markets. KFin Technologies Limited is appointed as the registrar for the issue.

Leela Hotels IPO Structure and Pricing

The Leela Hotels IPO is a book-built issue aiming to raise ₹3,500 crore. This comprises a fresh issuance of approximately 5.75 crore equity shares totalling ₹2,500 crore and an offer for sale (OFS) of 2.30 crore equity shares worth ₹1,000 crore. The price band has been set between ₹413 and ₹435 per share.

For retail investors, the minimum application size is 34 shares, translating to a minimum investment of ₹14,042 at the lower end of the price band. This pricing and lot size make it accessible for a wide range of investors seeking exposure to India’s luxury hospitality sector.

Use of IPO Proceeds

The company has earmarked the net proceeds from the IPO for two primary objectives. The first is the repayment, prepayment, or redemption of certain outstanding borrowings either held directly by Schloss Bangalore or through its subsidiaries – including Schloss Chanakya, Schloss Chennai, Schloss Udaipur, and TPRPL. This objective alone accounts for an estimated ₹23,000 million. The remaining funds will be allocated toward general corporate purposes, supporting the company’s strategic and operational needs.

Also Read: Upcoming IPO: SEBI Clears IPO Plans of 7 Companies, Including Credila, Sri Lotus, and Euro Pratik

About Schloss Bangalore Limited

Incorporated in 2019, Schloss Bangalore Limited is a luxury hospitality company that manages and operates high-end properties under the “Leela” brand. The company has carved out a distinct niche in the Indian hospitality industry by offering luxurious accommodations and personalised service rooted in the tradition of Indian hospitality.

As of May 31, 2024, Schloss Bangalore is among the leading luxury hospitality companies in India based on the number of rooms, with a portfolio comprising 12 operational hotels and a total of 3,382 keys. These properties include The Leela Palaces, The Leela Hotels, and The Leela Resorts.

The company owns and operates five prestigious properties with 1,216 rooms across major cities and tourist destinations such as Bengaluru, Chennai, New Delhi, Jaipur, and Udaipur. These hotels are known for their architectural grandeur, blending traditional Indian design with modern luxury to create unique and culturally rich experiences for guests.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.