Leela Hotels IPO - Detail

Amaan Khan | May, 2025

The much-anticipated initial public offering (IPO) of Leela Hotels (formerly Schloss Bangalore) is scheduled to open for subscription from May 26 to May 28, 2025. This book-built issue aims to raise approximately ₹5,000 crores, comprising a fresh issue of ₹3,000 crores and an offer for sale (OFS) of undisclosed equity shares with a face value of ₹10 each. While the exact price band remains to be announced, the allocation strategy reserves 10% for retail investors, 75% for qualified institutional buyers (QIBs), and 15% for high net-worth individuals (HNIs).

Key Dates and Listing Information
Following the subscription period, the share allotment will be finalized on May 29, 2025, with successful investors receiving their allocations shortly thereafter. The company’s shares are expected to make their market debut on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on June 2, 2025, providing investors with liquidity and trading opportunities.

Financial Performance and Investment Considerations
Leela Hotels has demonstrated significant revenue growth, increasing from ₹903.27 crores in 2023 to ₹1,226.5 crores in 2024, reflecting a strong recovery in the hospitality sector. While the company reported losses of ₹61.68 crores in 2023, this improved substantially to ₹2.13 crores in 2024, indicating effective cost management and operational efficiencies. Given these improving financial metrics and the company’s position in India’s luxury hospitality segment

The much-anticipated initial public offering (IPO) of Leela Hotels (formerly Schloss Bangalore) is scheduled to open for subscription from May 26 to May 28, 2025. This book-built issue aims to raise approximately ₹5,000 crores

Leela Hotels IPO Market Lot

The Leela Hotels IPO minimum market lot is [.] shares with ₹[.] application amount. The retail investors can apply up-to 13 lots with [.] shares of ₹[.] amount.

Application

Lot Size

Shares

Amount

Retail Minimum

1

–

₹-

Retail Maximum

13

–

₹-

S-HNI Minimum

14

–

₹-

Leela Hotels IPO Details

IPO Open Date:

May 26, 2025

IPO Close Date:

May 28, 2025

Face Value:

₹10 Per Equity Share

IPO Price Band:

₹[.] to ₹[.] Per Share

Issue Size:

Approx ₹5,000 Crores

Fresh Issue:

Approx ₹3,000 Crores

Offer for Sale:

Approx ₹2,000 Crores, [.] Equity Shares

Issue Type:

Book Built Issue

IPO Listing:

BSE & NSE

Retail Quota:

Not more than 10%

QIB Quota:

Not more than 75%

NII Quota:

Not more than 15%

Leela Hotels IPO Valuation – FY2024 (KPI)

Check Leela Hotels IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

KPI

Values

ROE:

-%

ROCE:

-%

EBITDA Margin:

48.92%

PAT Margin:

(0.17%)

Debt to equity ratio:

(1.55)

Earning Per Share (EPS):

-₹0.12 (Basic)

Price/Earning P/E Ratio:

N/A

Return on Net Worth (RoNW):

NA

Net Asset Value (NAV):

-₹160.57

 

Leela Hotels IPO Dates

The Leela Hotels IPO date is May 26, 2025 and the close date is May 28, 2025. The Leela Hotels IPO allotment will be finalized on May 29, 2025 and the IPO listing on June 2, 2025.

IPO Open Date:

May 26, 2025

IPO Close Date:

May 28, 2025

Basis of Allotment:

May 29, 2025

Refunds:

May 30, 2025

Credit to Demat Account:

May 30, 2025

IPO Listing Date:

June 2, 2025

Leela Hotels IPO Company Financial Report

The company reported revenue of ₹1,226.5 crores in 2024 against ₹903.27 crore in 2023. The company reported loss of ₹2.13 crores in 2024 against loss of ₹61.68 crores in 2023.

Amount ₹ in Crore

Period EndedRevenueExpenseProfit After TaxAssets
2022₹415.95₹783.72₹319.83₹5,863.01
2023₹903.27₹963.83₹61.68₹5,875.54
2024₹1,226.5₹1207.07₹2.13₹7,061.88
May 2024₹169.74₹207.23₹36.39₹6,935.21
Promoters of Leela Hotels IPO

The promoters of the company are 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.

About Leela Hotels IPO

Established in 2019, The Leela Hotels (originally named Schloss Bangalore Limited) is a premier luxury hospitality company that owns, operates, manages, and develops high-end hotels and resorts. Known for its world-class accommodations and personalized Indian hospitality, the group has grown to become one of India’s largest luxury hotel chains, with 12 hotels and 3,382 rooms under its flagship brand, The Leela Palaces, Hotels, and Resorts, as of May 31, 2024.

Backed by Brookfield, a leading global investment firm through its private equity funds, The Leela Hotels combines luxury with strong financial support. Beyond traditional hospitality, the company has ventured into residential clubs, currently operating a premium residential property in Mumbai. Looking ahead, it plans to expand into Leela-branded luxury residences—high-end homes adjacent to its future hotel developments—further strengthening its presence in the luxury real estate market.

With a focus on growth and exclusivity, The Leela Hotels continues to redefine luxury hospitality in India.

Peer Group Comparison
CompanyEPSPE RatioRoNW %NAVIncome
The Indian Hotels Company Limited8.8677.2713.13%71.166,768.75 Cr.
EIH Limited10.2237.2516.58%65.342,511.27 Cr.
Chalet Hotels Limited13.5465.1615.03%90.081,417.25 Cr.
Juniper Hotels Limited1.46268.180.90%119.34817.66 Cr.
Objects of the IPO

    • Repay existing loans of the company and its subsidiaries

    • Invest in subsidiary companies (Schloss Chanakya, Schloss Chennai, Schloss Udaipur, TPRPL)

    • Support general business needs and expenses

 Merchant Bankers
  • 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
Company Address

Schloss Bangalore Limited
The Leela Palace, Diplomatic Enclave,
Africa Avenue, Netaji Nagar, South Delhi,
New Delhi, Delhi, 110 023, India
Phone: +91 22 6901 5454
Email: [email protected]
Website: http://www.theleela.com/

Check Grey market premium at below 

(GMP)

 

Leela Hotels IPO Registrar

Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://kosmic.kfintech.com/ipostatus/

Leave a Comment

Your email address will not be published. Required fields are marked *

Disclaimer:
The content provided on this website is for informational and educational purposes only and should not be construed as financial or investment advice. We do not offer personalized financial, legal, or tax advice. All information related to stocks, IPOs, SIPs, and other financial instruments is based on publicly available data and personal opinions. While we strive to provide accurate and up-to-date information, we make no guarantees regarding the completeness, reliability, or suitability of any content.

Investing in the stock market involves risks, including the potential loss of capital. Always conduct your own research or consult with a qualified financial advisor before making any investment decisions. We are not liable for any financial losses or damages incurred as a result of using the information on this site.

Scroll to Top