*Expected Premium is based on market rumours and not a guaranteed indicator of listing price.
| Open Date | 26 May 2025 | Close Date | 28 May 2025 |
| Allotment Date | 29 May 2025 | Listing Date | 02 Jun 2025 |
| Issue Price | ₹413 – ₹435 per share | Face Value | ₹10 per share |
| Market Lot |
Retail: 34 Shares (₹14,790) S-HNI: 476 Shares (₹2,07,060) B-HNI: 2,312 Shares (₹10,05,720) |
Listing At | BSE, NSE |
| Registrar | Kfin Technologies Limited | Lead Managers |
JM Financial Ltd Bofa Securities India Ltd Morgan Stanley India Company Pvt Ltd J.P. Morgan India Pvt Ltd Kotak Mahindra Capital Co. Ltd Axis Capital Ltd Citigroup Global Markets India Pvt Ltd IIFL Securities Ltd Motilal Oswal Investment Advisors Ltd SBI Capital Markets Ltd |
| Issue Size | Total ₹3,500 Cr: 5,74,71,264 shares (₹2,500 Cr Fresh Issue) + 2,29,88,505 shares (₹1,000 Cr OFS) | ||
| Retail Portion | 10% (Approx. 2,36,646 Retail Apps, 8,452 S-HNI, 16,903 B-HNI) | ||
| Category | Day 1 | Day 2 | Day 3 (Final) |
|---|---|---|---|
| QIB | N/A | N/A | N/A |
| NII | N/A | N/A | N/A |
| Retail | N/A | N/A | N/A |
| Total Applications: N/A | |||
- EPS (Pre IPO): ₹2.71
- EPS (Post IPO): ₹2.04
- P/E (Pre IPO): 160.63
- P/E (Post IPO): 213.09
- RoNW: 1.32%
- Price to Book: 2.92
| Period | Assets | Revenue | PAT | Net Worth |
|---|---|---|---|---|
| 31-Mar-25 | ₹8,266.16 Cr | ₹1,406.56 Cr | ₹47.66 Cr | ₹3,604.99 Cr |
| 31-Mar-24 | ₹7,061.88 Cr | ₹1,226.50 Cr | ₹-2.13 Cr | ₹-2,825.72 Cr |
| 31-Mar-23 | ₹5,875.54 Cr | ₹903.27 Cr | ₹-61.68 Cr | ₹-2,511.96 Cr |
| 31-Mar-22 | ₹5,863.01 Cr | ₹415.95 Cr | ₹-319.83 Cr | ₹-2,452.02 Cr |
Schloss Bangalore is India’s first and only luxury hospitality company run by an institution. Through the Leela brand, it operates and develops luxury hotels and resorts across the country. The Leela Palaces, Hotels and Resorts was founded by Captain C.P. Krishnan Nair in 1986 and is recognised for Indian hospitality, fine service, and architecture. By 31 May 2024, The Leela runs 12 hotels with 3,382 rooms, representing almost 18% of all keys in luxury hotels in India. The company owns five world-famous, modern palaces in India, merging traditional Indian architecture with modern luxury. The Leela brand has won 250+ awards and is consistently ranked among the top hospitality brands in India.
- Pre-Issue Shareholding: N/A
- Post-Issue Shareholding: N/A
- 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
- Repayment/ prepayment/ redemption, in full or in part, of certain outstanding borrowings availed by: (a) the Company, (b) certain of our Subsidiaries, namely, Schloss Chanakya, Schloss Chennai, Schloss Udaipur and TPRPL, through investment in such Subsidiaries.
- General corporate purposes.
Schloss Bangalore raised ₹1,575 crore through anchor book. Global investors include WF Asian Reconnaissance Fund, Government Pension Fund Global, CLSA Global, Eastspring Investments, Citigroup Global, Societe Generale, Integrated Core Strategies, Fidelity, Goldman Sachs, Tocu Europe, Hudson Bay Master Fund, and Morgan Stanley. Domestic investors include HDFC Mutual Fund, ICICI Prudential MF, Nippon Life India, WhiteOak Capital, 360 ONE Special Opportunities Fund, Invesco, Axis Max Life Insurance, Baroda BNP Paribas MF, Aditya Birla Sun Life Insurance, JM Financial MF, Mirae Asset, and SBI General Insurance Company.