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Leela Hotels IPO
Price Band
₹413.0–435.0
Issue Size
₹3500.0 Cr
Lot Size
34 shares
Min Investment
₹14,790
GMP
+₹2.0 (0.46%)
Issue Price
₹435.0
Subject to Sauda
₹100
Paid only if allotted
Leela Hotels IPO AI Summary
- Leela Hotels IPO is listed on BSE, NSE.
- Price band: ₹413.0–₹435.0 per share, lot size 34 shares (min. investment ₹14,790).
- Subscription window: 26 May–28 May 2025, listing on 02 Jun 2025.
- Current GMP is +₹2.0 (0.46%), an estimated listing price of ₹437 — unofficial and can change daily.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Leela Hotels IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 28 May 2025 — not a current signal.
13 of 19 reviewers say Positive
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Leela Hotels IPO Grey Market Premium (GMP) Today
GMP
+₹2.0
GMP %
+0.46%
Est. Listing
₹437.0
Updated: 25 Jul 2026 14:30
About the Company
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.
Company Financials (₹ Cr)
As of 2025-03-31
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 8,266.16 | 7,061.88 | 5,875.54 |
| Total Income | 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 |
Key Ratios
EPS
₹2.71
NAV
₹148.88
RoNW
1.32%
P/B Value
2.92
P/E Ratio
160.63
Market Cap
₹10155.36 Cr
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Indian Hotels Co.ltd. | 87.22 | 16.42% | 59.84 | 13.4 | 13.4 |
| Schloss Bangalore Limited This IPO | 148.88 | 1.32% | — | 1.97 | 1.97 |
Promoters
Project Ballet Bangalore Holdings (DIFC) Pvt.Ltd., BSREP III Joy (Two) Holdings (DIFC) Ltd., 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.
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Repayment/ prepayment/ redemption, in full or in part, of certain outstanding borrowings, interest accrued and prepayment penalties, as applicable, availed by i. The Company 1,102.50 2 Certain of the wholly owned Subsidiaries and step-down subsidiaries, namely, Schloss Chanakya, Schloss Chennai, Schloss Udaipur and TPRPL, through investment in such Subsidiaries 1,197.50 3 General Corporate Purposes 64.40 4 Issue Expenses 189.78 Total 2,554.18
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹903.27 Cr in the year ending 31 Mar 2023, rising to ₹1,226.50 Cr by 31 Mar 2024, and further increasing to ₹1,406.56 Cr by 31 Mar 2025. This indicates a positive growth trend in revenue over the periods analyzed.
Profit Trend
Profit after tax was a loss of ₹61.68 Cr in the year ending 31 Mar 2023, which improved to a loss of ₹2.13 Cr by 31 Mar 2024. By 31 Mar 2025, the company reported a profit after tax of ₹47.66 Cr. This shows a significant turnaround from losses to profitability over the analyzed periods.
Valuation
Schloss Bangalore Limited has an implied P/E ratio of 160.63 at the issue price, compared to peers like Indian Hotels Co. Ltd., which has a P/E of 59.84. This indicates that the IPO is priced at a significantly higher multiple than its peer group.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an unofficial indicator of the expected listing price of an IPO. It reflects the demand and supply of shares before they are officially listed on the stock exchange. A positive GMP suggests that the market expects the stock to list at a higher price than the issue price.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their own risk tolerance and investment strategy, considering the company's growth potential and market conditions.
Who May Want to Wait
Investors who are risk-averse or prefer stable returns may want to avoid IPOs like this, especially if they are uncomfortable with the inherent uncertainties and fluctuations associated with new market entrants.
Listing Gains — The Risk
Listing-day gains can be unpredictable and depend on various factors, including market conditions and investor sentiment. While some IPOs may experience a surge in price on their first trading day, others may not perform as expected, leading to potential losses.
This evaluation is generated from Leela Hotels's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Leela Hotels IPO GMP today?
Leela Hotels IPO GMP today is +₹2.0 (0.46%), indicating an estimated listing price of ₹437. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Leela Hotels IPO?
The price band of Leela Hotels IPO is ₹413.0–₹435.0 per share.
When does Leela Hotels IPO open and close?
Leela Hotels IPO opens on 26 May 2025 and closes on 28 May 2025.
When does Leela Hotels IPO list on the stock exchange?
Leela Hotels IPO listed on 02 June 2025 at ₹437.0.
What is the lot size for Leela Hotels IPO?
The lot size for Leela Hotels IPO is 34 shares, requiring a minimum investment of ₹14,790.
What is the lot size for this IPO?
The lot size for the Leela Hotels IPO is 34 shares.
What is the minimum investment required?
The minimum investment required for this IPO is ₹14,790.
What is the price band for the IPO?
The price band for the Leela Hotels IPO is ₹413.0 to ₹435.0.
When does the IPO open and close?
The IPO opens on May 26, 2025, and closes on May 28, 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the IPO based on demand in the grey market.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
26 May 2025
Close
28 May 2025
Allotment
29 May 2025
Listing
02 Jun 2025
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