Schloss Bangalore Limited 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 personalized 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.
The Company 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.
Leela Hotels IPO – Details
| IPO Opening Date | May 2025 |
| IPO Closing Date | May 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: [] Shares Worth ₹5000 Crore Fresh Issue: [] Shares Worth ₹3000 Crore Offer For Sale: [] Shares Worth ₹2000 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹[] – ₹[] per share |
| Market Lot | – |
| Min Order | – |
| Listing At | BSE, NSE |
| Register | Kfin Technologies Limited |
| QIB Shares Offered | 75% |
| NII (HNI) Shares Offered | 10% |
| Retail Shares Offered | 15% |
Leela Hotels IPO – Date Schedule
| IPO Open Date | May 2025 |
| IPO Close Date | May 2025 |
| Basis of Allotment | June 2025 |
| Initiation of Refund | June 2025 |
| Credit of Shares to Demat Account | June 2025 |
| IPO Listing Date | June 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on May, 2025 |
Leela Hotels IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | – | – | ₹ |
| Retail (Max) | – | – | ₹ |
| S-HNI (Min) | – | – | ₹ |
| S-HNI (Max) | – | – | ₹ |
| B-HNI (Min) | – | – | ₹ |
Competitive Strength
- Leading Luxury Hospitality Brand with Rich Heritage and a Global Appeal.
- Marquee Owned Hotels in Markets with High Barriers to Entry.
- Comprehensive Luxury Ecosystem Resulting in Diversified Revenue Sources.
- Track Record of Driving Operational Efficiency by our Active Asset Management Approach.
- Highly Experienced, Cycle-Tested Senior Management Team, Guided by an Experienced and Distinguished Board.
- Sponsorship by Brookfield – A Leading Global Investor with Deep Local Expertise.
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
- Project Ballet Udaipur Holdings (DIFC) Pvt Ltd
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 | 415.94 | 783.72 | -319.82 | 3,676.81 |
| 31 March 2023 | 903.26 | 963.82 | –61.67 | 3,696.18 |
| 31 March 2024 | 1,226.50 | 1,207.07 | -2.12 | 4,242.18 |
| 31 May 2024 | 169.74 | 207.23 | -36.38 | 4,052.50 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROCE | – |
| Debt/Equity | – |
| RoNW | – |
| PAT Margin | – |
| Price to Book Value | – |
| Pre IPO | Post IPO | |
| EPS (Rs) | – | – |
| P/E (x) | – | – |
Object Of The Issue
- Repayment/ prepayment/ redemption, in full or in part, of certain outstanding borrowings availed by: (a) the Company, (b) certain of the Subsidiaries, namely, Schloss Chanakya, Schloss Chennai, Schloss Udaipur and TPRPL, through investment in such Subsidiaries.
- General Corporate Purposes.
Leela Hotels IPO Peer Comparison
| S. No. | Face Value | Company Name | PE |
| 1 | 1 | The Indian Hotels Company Limited | 77.27 |
| 2 | 2 | EIH Limited | 37.25 |
| 3 | 10 | Chalet Hotels Limited | 65.16 |
| 4 | 10 | Juniper Hotels Limited | 268.18 |
Leela Hotels IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | – |
Leela Hotels IPO Prospectus
- Leela Hotels IPO DRHP
- Leela Hotels IPO RHP
Company Contact Information
| Schloss Bangalore Limited The Leela Palace, Diplomatic Enclave, Africa Avenue, Netaji Nagar Phone: +91 22 6901 5454 Email: cs@theleela.com Website: http://www.theleela.com/ |
Leela Hotels IPO Registrar
| Kfin Technologies Limited Phone: 04067162222, 04079611000 Email: leelahotels.ipo@kfintech.com Website: https://kosmic.kfintech.com/ipostatus/ |
Leela Hotels IPO Lead Manager(s)
| 1. Axis Capital Limited 2. SBI Capital Markets Limited 3. JM Financial Limited 4. BofA Securities India Limited 5. Morgan Stanley India Company Private Limited 6. J.P. Morgan India Private Limited 7. Kotak Mahindra Capital Company Limited 8. Citigroup Global Markets India Private Limited 9. IIFL Securities Limited 10. ICICI Securities Limited 11. Motilal Oswal Investment Advisors Limited |
Leela Hotels IPO FAQs
| What is Leela Hotels IPO? Leela Hotels IPO is a main-board IPO. The issue is priced at ₹[] to ₹[] per equity share. The IPO is to be listed on BSE & NSE. |
| When Leela Hotels IPO will open? The IPO is to open on May 2025 for QIB, NII, and Retail Investors. |
| What is Leela Hotels IPO Investors Portion? The investors’ portion for QIB – 75%, NII – 15%, and Retail – 10%. |
| How to Apply the Leela Hotels IPO? You can apply Leela Hotels IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Leela Hotels IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Leela Hotels IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Leela Hotels IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Leela Hotels IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Leela Hotels IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Leela Hotels IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Leela Hotels IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Leela Hotels IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Leela Hotels IPO Size? Leela Hotels IPO size is ₹5,000.00 Crore. |
| What is the Leela Hotels IPO Price Band? Leela Hotels IPO Price Band is ₹[] to ₹[]. |
| What is Leela Hotels IPO Minimum and Maximum Lot Size for Retail? The minimum bid is [] Shares with ₹[] amount while the maximum bid is [] Shares with ₹[]. |
| What is the Leela Hotels IPO Allotment Date? Leela Hotels IPO allotment date is May 2025. |
| What is the Leela Hotels IPO Listing Date? Leela Hotels IPO listing date is May 2025. The IPO is to be listed on BSE and NSE. |
