Schloss Bangalore IPO – Review, Update
Update
Schloss Bangalore (THE LEELA HOTEL) “Listing“
Schloss Bangalore Limited made a disappointing debut on the stock market today.
Leela Hotels debuts on Dalal Street below IPO price, shares listed at INR 406 (6% discount) on the National Stock Exchange (NSE) against the issue price of INR 435, while the opening on the Bombay Stock Exchange (BSE) was at INR 406.50.
The company debuted with a market cap of over INR 13,550 cr.
However, after the weak start, the stock saw high volatility since it was a volatile day for the index too. The shares of the company soared nearly 7% from the lows when the market ends.
At the end of the day, the stock of Schloss Bangalore Limited closed at INR 435.55 (almost flat closing) with a volume of 13,347,851 shares on the NSE.
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24 May 2025
Schloss Bangalore Limited – recognized by Travel and Leisure USA as the world’s best hotel brand in 2020 and 2021, is planning to raise INR 3500 crore via IPO.
[Fresh Issue 2500 crore + OFS 1000 crore]
Schloss bangalore ipo price is INR 413 – 435 per share
Schloss Bangalore: History
The Company was incorporated as Schloss Bangalore Private Limited on March 20, 2019, as a private limited company under the Companies Act 2013, in New Delhi.
The company’s name was changed to “Schloss Bangalore Limited” at the EGM held on May 29, 2024, and a fresh certificate of incorporation was issued on July 03, 2024 by the RoC CPC.
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Schloss Bangalore: Business
The Company owns, operates, manages, and develops luxury hotels and resorts under the brand name “THE LEELA”
The story of The Leela Palaces, Hotels and Resorts began when the founder Late Caption CP Krishnan Nair opened The Leela Mumbai in the year 1986.
For close to 4 decades, The Leela has been on a journey to delight guests by providing unparalleled luxury in captivating environs ensconced in the lap of nature, wrapped in the graciousness of Indian hospitality.
The Company’s portfolio includes –
- The Leela Palaces,
- The Leela Hotels, and
- The Leela Resorts
Schloss Bangalore undertakes its business primarily through direct ownership of hotels and hotel management agreements with third-party hotel owners.
As of 31 March 2025, “THE LEELA” operates 13 luxurious hotels with 3553 keys, accounting for nearly 18 percent of luxury keys in key in major cities and leisure destinations across India.
Headquartered in Mumbai, the brand today is owned by a Brookfield Asset Management-sponsored private real estate fund.
Awards & Recognition
THE LEELA brand and properties have won over 250 awards since January 2021, which demonstrates the company’s contribution to India’s luxury hospitality landscape.
Strategies Ahead
- Improve same store growth and profit margins through proactive asset management
- Expansion of hotel portfolio through acquisitions and developments
- Expand the company’s footprint through new hotel management agreements
- Maintain a sustainable capital structure while pursuing organic and inorganic growth opportunities with prudent capital allocation
- Expand the reach of “THE LEELA” brand
Company Promoters
- Project Ballet Bangalore Holdings (DIFC) Pvt Ltd,
- BSREP III Joy (Two) Holdings (DIFC) Limited,
- BSREP III Tadoba Holdings (DIFC) Pvt Ltd,
- Project Ballet Chennai Holdings (DIFC) Pvt Ltd,
- Project Ballet Gandhinagar Holdings (DIFC) Pvt Ltd,
- Project Ballet HMA Holdings (DIFC) Pvt Ltd, and
- Project Ballet Udaipur Holdings (DIFC) Pvt Ltd
IPO Details
Schloss bangalore ipo date = 26 May to 28 May 2025
Minimum Amount = INR 14,790
Minimum Bid = 34 Shares
Face Value (FV) = INR 10
Listing On = NSE, BSE
Book Running Lead Managers
Jm Financial Limited,
Bofa Securities India Limited,
Morgan Stanley India Company Pvt Ltd,
J.P. Morgan India Private Limited,
Kotak Mahindra Capital Company Limited,
Axis Capital Limited,
Citigroup Global Markets India Private Limited,
IIFL Securities Ltd,
Motilal Oswal Investment Advisors Limited,
SBI Capital Markets Limited
FINANCIALS
CONCLUSION
FinBlab recommends ‘MAY SUBSCRIBE‘ ratings on Schloss Bangalore IPO
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