- Leela Hotels IPO
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Leela Hotels IPO is a book building of ₹3,500.00 crores. The issue is a combination of fresh issue of 5.75 crore shares aggregating to ₹2,500.00 crores and offer for sale of 2.30 crore shares aggregating to ₹1,000.00 crores.
Leela Hotels IPO opens for subscription on May 26, 2025 and closes on May 28, 2025. The allotment for the Leela Hotels IPO is expected to be finalized on Thursday, May 29, 2025. Leela Hotels IPO will be list on BSE, NSE with a tentative listing date fixed as Monday, June 2, 2025.
Leela Hotels IPO price band is set at ₹413 to ₹435 per share. The minimum lot size for an application is 34. The minimum amount of investment required by retail investors is ₹14,042. But it is suggested to the investor to bid at the cutoff price to avoid the oversubscription senerio, which is about to ₹14,790. The minimum lot size investment for sNII is 14 lots (476 shares), amounting to ₹2,07,060, and for bNII, it is 68 lots (2,312 shares), amounting to ₹10,05,720.
JM Financial Limited, BofA Securities India Limited, Morgan Stanley India Company Private Limited, JP Morgan India Private Limited, Kotak Mahindra Capital Company Limited, Axis Capital Limited, Citigroup Global Markets India Private Limited, IIFL Securities Limited, Motilal Oswal Investment Advisors Limited, SBI Capital Markets Limited are the book running lead managers to the Leela Hotels IPO while KFin Technologies Limited is the registrar to the issue.
Leela Hotels IPO Details
| IPO Date | May 26, 2025 to May 28, 2025 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | ₹413 to ₹435 per share |
| Lot Size | 34 Shares |
| Total Issue Size | 8,04,59,769 shares (aggregating up to ₹3,500.00 Cr) |
| Fresh Issue | 5,74,71,264 shares (aggregating up to ₹2,500.00 Cr) |
| Offer for Sale | 2,29,88,505 shares of ₹10 (aggregating up to ₹1,000.00 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 27,64,86,614 shares |
| Share Holding Post Issue | 33,39,57,878 shares |
Leela Hotels IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not less than 75% of the Offer size |
| Retail Shares Offered | Not more than 10% of the Offer |
| NII (HNI) Shares Offered | Not more than 15% of the Offer |
Leela Hotels IPO Timeline (Tentative Schedule)
Leela Hotels IPO opens on May 26, 2025, and closes on May 28, 2025.
| IPO Open Date | Mon, May 26, 2025 |
| IPO Close Date | Wed, May 28, 2025 |
| Tentative Allotment | Thu, May 29, 2025 |
| Initiation of Refunds | Fri, May 30, 2025 |
| Credit of Shares to Demat | Fri, May 30, 2025 |
| Tentative Listing Date | Mon, Jun 2, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 28, 2025 |
Leela Hotels IPO Lot Size
Investors can bid for a minimum of 34 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 34 | ₹14,790 |
| Retail (Max) | 13 | 442 | ₹1,92,270 |
| S-HNI (Min) | 14 | 476 | ₹2,07,060 |
| S-HNI (Max) | 67 | 2,278 | ₹9,90,930 |
| B-HNI (Min) | 68 | 2,312 | ₹10,05,720 |
| Lot Size Calculator | |||
Leela Hotels IPO Promoter Holding
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 are the company promoters.
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 75.91% |
About Schloss Bangalore Limited
Schloss Bangalore Limited, established on March 20, 2019, is a luxury hospitality company operating under "The Leela" brand in India. It owns, operates, manages, and develops luxury hotels and resorts, offering premier accommodations and personalised services inspired by Indian hospitality.
As of May 31, 2024, Schloss Bangalore Limited is one of India's largest luxury hospitality companies by number of keys, with a portfolio of 12 operational hotels comprising 3,382 keys. The portfolio includes The Leela Palaces, The Leela Hotels, and The Leela Resorts. The company operates through direct ownership and hotel management agreements with third-party owners.
The owned portfolio comprises five landmark hotels with 1,216 keys across key business and leisure destinations: Bengaluru, Chennai, New Delhi, Jaipur, and Udaipur. These hotels, renowned as modern palaces, blend traditional Indian architecture with contemporary luxury.
Owned Portfolio Highlights:
- The Leela Palace Bengaluru – An 8.23-acre urban ecosystem in the central business district, catering to business and leisure travelers.
- The Leela Palace Chennai – A 4.8-acre sea-facing palace on the Chennai marina, inspired by Chettinad architecture, offering expansive views of the Bay of Bengal.
- The Leela Palace New Delhi – A three-acre property in the diplomatic enclave of Chanakyapuri, positioned near over 60 embassies and high commissions.
- The Leela Palace Jaipur – An 8.1-acre luxury retreat near Jaipur’s historic sites, awarded Best Family Hotel by Travel + Leisure India’s Best Awards 2022 and Top 20 Best Hotels in India by Conde Nast Traveler, Readers’ Choice Awards 2023.
- The Leela Palace Udaipur – A seven-acre property overlooking Lake Pichola and the royal City Palace, offering a picturesque setting.
As of May 31, 2024, the company operates 67 restaurants, bars, and cafes, including Jamavar, Library Bar, ZLB 23, Megu, China XO, Le Cirque, and Sheesh Mahal. The portfolio also includes 12 spas and wellness sanctuaries, with a spa collaboration with Soneva under development at The Leela Palace Bengaluru, set for completion in FY 2026. Additionally, the properties are equipped to host corporate meetings, conferences, weddings, and social events, catering to India's premium MICE market.
Schloss Bangalore Limited is promoted by private equity funds managed and advised by affiliates of Brookfield, one of the world’s largest alternative asset managers.
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Company Financials
Schloss Bangalore Limited Financial Information (Restated Consolidated)
Schloss Bangalore Limited's revenue increased by 15% and profit after tax (PAT) rose by 2341% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 8,266.16 | 7,061.88 | 5,875.54 |
| Revenue | 1,406.56 | 1,226.50 | 903.27 |
| Profit After Tax | 47.66 | -2.13 | -61.68 |
| Net Worth | 3,604.99 | -2,825.72 | -2,511.96 |
| Reserves and Surplus | 3,280.43 | -2,906.20 | -2,582.80 |
| Total Borrowing | 3,908.75 | 4,242.18 | 3,696.18 |
| Amount in ₹ Crore | |||
Key Performance Indicator (KPI)
The market capitalization of Leela Hotels IPO is Rs 10155.36 Cr.
KPI as of Mon, Mar 31, 2025.
| KPI | Values |
|---|---|
| RoNW | 1.32% |
| Price to Book Value | 2.92 |
Refer to Leela Hotels RHP for detailed information. (Additionally, keep checking back here for additional information about newipo.info or anything else.)
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