Schloss Bangalore Limited IPO Analysis
Company Background
Schloss Bangalore Limited is managed under the illustrious brand "The Leela Palaces, Hotels and Resorts", one of India's foremost luxury hotel chains, renowned for opulence, heritage, and world-class hospitality. The organization is a part of a legacy that transformed premium hospitality in India by fusing traditional Indian service values with modern global standards.
The firm is currently taking the company public with its Initial Public Offering (IPO) so that it can grow, enhance its reputation, and have better finances.
- 3,553 luxury keys across 13 hotels
- 🌍 Presence in 10 key Indian cities, incl. all top business markets
- 🍽️ F&B, wellness & MICE = diversified revenue
- 💰 Backed by Brookfield (acquired Leela assets in 2019 for ₹3,950 Cr)
- ⚠️ Risks: ₹3,909 Cr debt, losses in FY23 & FY24, premium IPO pricing
Brand Positioning
The Leela is famous for:
- Ultra-luxury experiences
- Iconic buildings inspired by indigenous heritage.
- Customized service based on Indian hospitality.
- Key locations in capital cities and tourist destinations
- Its amenities are made to cater to high-end visitors, international travelers, destination weddings, and corporate conferences.
Hotel Portfolio
Schloss Bangalore Limited operates and manages quality hotels in key Indian cities. Although the RHP image does not specifically state the names of hotels, The Leela is known to have these:
- The Leela Palace, New Delhi
- The Leela Palace, Udaipur
- The Leela Palace, Bengaluru
- The Leela Palace, Chennai
- The Leela Ambience, Gurugram
- The Leela Goa
These resources are either owned or controlled on a long-term basis.
Also Read: Aegis Vopak Terminals IPO GMP Today, Price, Date, Allotment
IPO Overview at a Glance
| Particulars | Details |
|---|---|
| IPO Name | Schloss Bangalore Limited |
| IPO Dates | May 26 – May 28, 2025 |
| Anchor Book Date | May 23, 2025 |
| Listing Date | June 2, 2025 |
| Issue Size | ₹3,500 Cr |
| Fresh Issue | ₹2,500 Cr (57,471,264 shares) |
| Offer for Sale (OFS) | ₹1,000 Cr (22,988,506 shares) |
| Price Band | ₹413 – ₹435 per share |
| Lot Size | 34 Shares |
| Face Value | ₹10 per share |
| Minimum Investment (Retail) | ₹14,790 |
Key Numbers You Need to Know (As of March 2025)
Market Cap
₹14,527 Cr
Price to Earnings (P/E)
305
Rich pricing, potentially justified by premium brand.Debt to Equity
1.16
EBITDA Margin
26.2%
If you're monitoring the Schloss Bangalore IPO GMP share price, these metrics give you a hint at the valuation. A P/E of 305 indicates rich pricing, yet justified due to its premium hospitality brand.
Grey Market Premium (GMP) Trends for Schloss Bangalore IPO
| Date | GMP (per share) | Remarks |
|---|---|---|
| May 24, 2025 | 75 | Sustained momentum due to the influx of HNI bids. |
| May 25, 2025 | 80 | GMP is pushed to ₹80 by the retail application frenzy. |
| May 26, 2025 | 85 | The gray market displays a ₹85 premium when the 85 IPO starts ("Schloss Bangalore IPO GMP today"). |
| May 27, 2025 | 90 | Peak GMP: a clear sign of substantial listing gains. |
| May 28, 2025 | 88 | As final offers arrive, there is a slight cooling, but the price is still high. |
My Opinion:
I can tell there is real interest for The Leela's luxury positioning because I watched the Schloss Bangalore IPO GMP share price rise from ₹75 to around ₹90. However, keep in mind that GMP is not official; before using it, always supplement it with a sound financial analysis and your personal risk profile.
IPO Schedule
| Event | Date |
|---|---|
| Anchor Book Opens | May 23, 2025 |
| IPO Opens | May 26, 2025 |
| IPO Closes | May 28, 2025 |
| Allotment Finalization | May 29, 2025 |
| Refunds & Unblocking | May 30, 2025 |
| Shares Credited to Demat | May 30, 2025 |
| Listing on NSE & BSE | June 2, 2025 |
Also Read: Borana Weaves IPO: Key Details, Pros & Listing Outlook
Business Model
Schloss Bangalore is the proud operator of The Leela Palaces, Hotels & Resorts—a premium luxury chain that's become a household name in elite circles. By March 31, 2025, they had:
- 13 hotels with 3,553 luxury keys
- 59% of domestic air traffic in FY25 came from their top destinations
- 7 new hotels in the pipeline, adding 678 keys by FY28
They serve elite clientele through F&B, MICE, wellness, and banqueting, driving higher average revenue per room.
Historical Performance
| Particulars (₹ Cr) | FY23 | FY24 | FY25 |
|---|---|---|---|
| Sales | ₹860 | ₹1,171 | ₹1,301 |
| Operating Profit Margin (OPM%) | 44% | 47% | 46% |
| Net Profit | ₹26 Cr | ₹0 Cr | ₹63 Cr |
| Net Profit Margin (NPM%) | 3% | 0% | 4% |
Revenue Breakup
| Revenue Source | FY23 | FY24 | FY25 |
|---|---|---|---|
| Room Income | 47.88% | 52.50% | 52.91% |
| Food & Beverages | 38.44% | 36.85% | 36.77% |
| Management & Other Fees | 7.44% | 5.08% | 5.37% |
| Allied Services & Transfers | 7.50% | 4.17% | 4.18% |
| Manpower Services | — | 1.39% | 1.76% |
If you’re curious about the Schloss Bangalore IPO GMP review, these numbers reveal a gradual improvement in profitability and stability.
Peer Comparison
| Company | Keys | Revenue (₹ Cr) | PAT (₹ Cr) | ARR (₹) | P/E |
|---|---|---|---|---|---|
| Schloss Bangalore | 3,553 | ₹1,301 | ₹63 | ₹16,409 | 305 |
| IHCL (Taj Hotels) | 22,161 | ₹8,335 | ₹1,060 | ₹9,941 | 75 |
| ITC Hotels | 13,328 | ₹5,060 | ₹621 | ₹8,044 | 48 |
| Chalet | 3,052 | ₹1,176 | ₹217 | ₹11,261 | 39 |
| Lemon Tree | 8,251 | ₹1,026 | ₹141 | ₹6,303 | 47 |
| Venture (Private) | 2,036 | ₹1,165 | ₹125 | ₹8,016 | — |
Schloss Bangalore IPO GMP today's news reflects its strong ARR and high RevPAR, justified by its luxury positioning.
Peer Comparison: Keys & Revenue (Bar Chart)
Peer Comparison: Share of Keys (Pie Chart)
Also Read: Belrise Industries Limited IPO Date, Price, GMP & Review
Key Risks about the First Offer
No Previous Market for Equity Shares
Since this is the company's first public offering of equity shares, there is no formal market to assess pricing or investor sentiment.
Indicative Pricing
The Book Running Lead Managers (BRLMs) interact with the market to determine the Floor Price, Cap Price, and Offer Price; these figures do not ensure future performance.
No Market Price Assurance
There are no assurances given about the trading price after listing. The price may be considerably impacted by market demand and other variables.
Other Risks Mentioned
₹3,909 Cr debt, losses in FY23 & FY24 (Net Profit was ₹0 Cr in FY24 as per table, profit in FY23), premium IPO pricing.
Real Life Case Study & GMP Indication
How GMP Helped Me Make a 40% Profit!
Explain my experience with SignatureGlobal IPO (2023). I applied in the HNI segment at the closing day, and the gray market price was ₹150, and it appeared that there was a lot of demand. When the stock started trading, it opened at ₹170 above the issue price, and I got a 40% return in just 1 day!
That is why I follow Schloss Bangalore IPO GMP today so sincerely. GMP reports indicate ₹70–₹80 premium (according to grey market rumors), indicating that listing may be around ₹505. If that holds, 15–18% listing returns are possible for early investors.
Company Contact Details
Registered Office:
The Leela Palace,
Diplomatic Enclave, Africa Avenue,
Netaji Nagar, South Delhi,
New Delhi – 110023, India
Corporate Office:
Tower 4, Third Floor,
Equinox Business Park,
Kurla West, Mumbai – 400070, Maharashtra, India
Contact Person:
Jyoti Maheswari
Company Secretary and Compliance Officer
Email: 📧 cs@theleela.com
Telephone: ☎️ +91 22 6901 5454
Website: 🌐 www.theleela.com
Frequently Asked Questions (FAQs)
The total offer size is ₹35,000 million (₹3,500 Cr), which includes:
- Fresh Issue: ₹25,000 million (₹2,500 Cr)
- Offer for Sale: ₹10,000 million (₹1,000 Cr)
Project Ballet Bangalore Holdings (DIFC) Pvt Ltd is offering shares worth ₹10,000 million.
₹10 per share.
₹19.73 per equity share.
Investors must meet criteria as defined under SEBI ICDR Regulations 2018, including:
- Net tangible assets ≥ ₹30 crore in the last 3 years.
- Average operating profit ≥ ₹15 crore in 3 years.
- Net worth ≥ ₹10 crore in the 3 most recent financial years.
Shares are allocated among QIBs (Qualified Institutional Buyers), NIIs (Non-Institutional Investors), and RIIs (Retail Individual Investors) as per SEBI guidelines.
Certified by V. Singh & Associates, Chartered Accountants (FRN No. 310117E).
Pingback: Ganga Bath Fittings IPO Date, Price, GMP, Allotment & Review