India’s Hospitality Sector is witnessing a revival post-pandemic, and luxury hotel chains are gearing up to cash in on investor interest. One Such Player, Schloss Bangalore Limited, Operating Under The ICONIC “The Leela” Brand, is coming up with it with its maiden iPo. This Leela Hotels iPo Review will help you undersrstand the key aspects of the IPO, Including Financials, Company Strengths, Risks, Risks, and Whiteher You Should Consider Investing.
Leela Hotels iPo – IPO Date, Issue Details, Price Band and Lot Size
- IPO Open Date: May 26, 2025
- IPO Close Date: May 28, 2025
- Listing Date (Tentative): June 2, 2025
- IPO price band: ₹ 413 – ₹ 435 per share
- IPO size: ₹ 3,500 Crore
- Fresh Issue: ₹ 2,500 Crore
- Ofs by promoters: ₹ 1,000 Crore
- Face value: ₹ 10 per share
- Lot size: 34 shares
- Retail Min Investment: ₹ 14,790 (At Cutoff)
The IPO is a Book-building issue And will be listed on bot Bse and nse,
About Schloss Bangalore Limited (Leela Hotels)
Schloss Bangalore Limited was Incorporated in 2019 and operates Luxury Hotels and Resorts under the prestigious leela brand. It has emerged as one of India’s largest luxury hospitality companies based on the number of operational keys.
As of May 2024, The Company Owns and Manages 12 Operational Hotels with 3,382 KeysIncluding landmark properties such as:
- The Leela Palace Bengaluru
- The Leela Palace New Delhi
- The Leela Palace Chennai
- The Leela Palace Jaipur
- The Leela Palace Udaipur
It also operates 67 restaurants, bars, and cafes, with signature outlets like Jamavar, Library Bar, Sheesh Mahal, China XoAmong others.
Competitive strengths
- Strong Brand Recognition: “The leela” is a highly reputed name in Indian Luxury Hospitality.
- Strategic locations: Properties Located in Premium Business and Tourist Locations.
- Operational excellence: Blend of Traditional Indian Design with Modern Anems.
- Brookfield-Backed: Promoted by Private Equity Funds Managed by Brookfield.
- Mice Segment Leader: Positioned to Leverage India’s Growing Meetings, Insantics, Conferences, and Exhibitions (MICE) Demand.
Financials – How is the company performing?
| Particulars | FY2023 | Fy2024 | Fy2025 |
|---|---|---|---|
| Revenue (₹ CR) | 903.27 | 1,226.50 | 1,406.56 |
| NET Profit (₹ CR) | -61.68 | -2.13 | 47.66 |
| Net Worth (₹ CR) | -2,511.96 | -2,825.72 | 3,604.99 |
| Total Borrowings (₹ CR) | 3,696.18 | 4,242.18 | 3,908.75 |
Observations,
- Strong Turnaround in FY25 with Pat of ₹ 47.66 Cr.
- Consistent Revenue Growth (15% Yoy in FY25).
- Net Worth Improved Substantily Post Capital Restructuring.
Objectives of the iPo
- Debt repayment: ₹ 2,300 Crore will go towards repayments or prepayment of loans.
- General corporate purposes: Remaining Amount to be used for operational and strategic initiatives.
Valuation – P/e comparison with peers
| Company | EPS (FY25) | P/e ratio |
|---|---|---|
| Leela Hotels (Post IPO) | ₹ 2.04 | 213x |
| Indian hotels | ₹ 7.8 | 74x |
| EIH (Oberoi) | ₹ 6.4 | 82x |
| Chalet Hotels | ₹ 5.6 | 60X |
Observation: The Leela Hotels iPo is richly valued Compared to its listed peers. High P/E Ratio Reflects Premium Brand Positioning But Poses Valuation Risks.
Also read: Aegis Vopak Terminals IPO Review & Analysis – Should You Invest or Avoid?
Leela Hotels IPO – Reasons to Invest
- Strong Recovery in Profitability
- Premium luxury brand with future scalability
- Backed by Brookfield – Adds Cridibility
- Strategic Property Portfolio with High Occupance Potential
- Tailwinds in Hospitality Sector due to Rise in Tourism and Business Travel
Risk Factors
- High Valuation Compared to Peers
- Hospitality Industry is Cyclic and Sensitive to Macro Events (Eg Covid Time)
- High Debt Levels
- Competitive Industry with International and Domestic Players
- Dependence on key Properties for Revenue
Gray Market Premium (Gmp) of Leela Hotels iPo
As of now, Gmp of Leela Hotels iPo is Around ₹ 35-40 per shareIndicating a Positive Listing Sentiment. However, GMP is highly Volatile and speculative.
How to Buy Leela Hotels IPO?
- You can apply through any Demat Account (Zerodha, upstox, grow, etc.)
- Use UPI-Based Asba Process for retail investors
- Bidding window: 10 am to 5 PM From May 26 to May 28, 2025
Should you invest in Leela Hotels iPo?
The Leela Hotels iPo Offers an opportunity to invest in a luxury hospitality brand with Strong Asset Backing and Recent Profitability Turnard. However, the rich Valuation and Cycical Nature of the Industry cannot be ignored.
High-Risk Investors With a long-term view and confidence in the hospitality revival story can consider. Conservative Investors May Wait for Better Pricing Post Listing.
FAQS About Leela Hotels iPo
- What is the Leela Hotels IPO Date?
IPO Opens on May 26 and Closes on May 28, 2025. - What is the IPO Price Band?
Price band is ₹ 413 to ₹ 435 per share. - How Much Do I Need to Invest in this IPO?
Minimum Investment for Retail is ₹ 14,790 (34 Shares). - Who are the promoters of Schloss Bangalore Limited?
Brookfield-Backed Project Ballet Holdings and its DIFC-Based Entities. - What is the Gmp of Leela Hotels IPO?
As of now, Around ₹ 35-40 per share. - When will the shares be listed?
Tentative Listing Date is June 2, 2025. - Where can I check allotment status?
Visit Kfintech IPO Status
Disclaimer: This article is for informational purposes only and does not constitute a recommendation or advice to buy to the ipo. The views expressed are based on public information and our own analysis, which may be subject to change. Investors Should Consult With Their Financial Advisor Before Making Any Investments Decisions. Investing in the stock market, especially in iPos, is Subject to Market Risks.
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