The Schloss Bangalore Limited IPO, popularly known as the Leela Hotels IPO, is one of the most anticipated public listings in India’s luxury hospitality space in 2025.
As the parent company behind The Leela Palaces, Hotels and Resorts, Schloss Bangalore’s market debut comes at a time when the Indian hospitality industry is witnessing a major revival and rapid transformation.
According to IBEF, India’s hospitality and tourism sector is projected to reach a market size of over Rs. 10,37,500 crore (US$ 125 billion) in FY2027, supported by government initiatives such as enhanced infrastructure, tax incentives, and expanded e-visa facilities for foreign tourists. In this context, a marquee luxury brand like The Leela stepping into public markets signals not just company-level ambition but also sector-wide momentum.
In this blog, let’s dive into the Schloss Bangalore Limited IPO. We’re covering everything: GMP trends, financials, objectives, risks, and competitor analysis.
Whether you’re a retail investor, HNI, or just curious about the hospitality sector, this article will break down the IPO buzz.
Plus, it’ll explore how this listing could impact investor interest in India’s luxury travel and tourism market.
Schloss Bangalore Limited IPO (Leela Hotels IPO) Key Details
Schloss Bangalore Limited is gearing up for its IPO and has filed the Draft Red Herring Prospectus (DRHP) with SEBI.
The plan? To raise ₹5,000 crore.
It includes a fresh issue of equity shares worth ₹3,000 crore and an offer for sale (OFS) by the promoter, Project Ballet Bangalore Holdings (DIFC), for ₹2,000 crore.
Check the key details of the IPO in the table below:
| Leela Hotels IPO Details | Information |
| Leela Hotels IPO Opening Date | To be announced |
| Leela Hotels IPO Allotment Finalization | To be announced |
| Leela Hotels IPO Listing Platforms | BSE, NSE |
| Leela Hotels IPO Face Value | ₹10 per share |
| Leela Hotels IPO Price Band | To be announced |
| Leela Hotels IPO Lot Size | To be announced |
| Leela Hotels IPO Total IPO Value | To be announced |
| Company | Schloss Bangalore Limited (operates under the Leela Hotels brand) |
| Minimum Investment | To be announced |
| Leela Hotels IPO GMP | Not available yet |
| Leela Hotels IPO Share Holding Pre Issue | 17,59,85,320 shares |
| Registrar | KFin Technologies Limited |
Data available is as of 19.05.25.
Leela Hotels IPO Grey Market Premium (GMP) & Investor Sentiment
- As of May 19, 2025, the Grey Market Premium (GMP) for Schloss Bangalore Limited’s IPO is ₹0, indicating neutral market sentiment.
- GMP shows the premium at which IPO shares are traded unofficially before listing.
- A zero GMP means investors are cautious, likely waiting for more clarity on the company’s financials or overall market conditions.
- Despite this caution, the company’s strong brand and growth prospects suggest investor interest, especially from institutional investors will likely pick up as the IPO date nears.
Objectives of the Schloss Bangalore Limited IPO (Leela Hotels IPO)
The main goal of this IPO is to help the company pay off a big part of its debt. Out of the ₹3,000 crore the company plans to raise by issuing new shares, around ₹2,700 crore will go toward paying back loans it currently owes.
The rest of the money will be used for general business needs like funding new projects, buying equipment, and covering everyday expenses.
By using the IPO money to reduce debt, the company will be in a stronger financial position. This means it will have less debt to worry about, making it easier to grow steadily and handle future challenges.
Overall, this move aims to make the company healthier and more stable for the long run.
Company Overview: Schloss Bangalore Limited (Leela Hotels)
Schloss Bangalore Limited is the force behind The Leela Palaces, Hotels and Resorts, which is one of India’s most iconic luxury hospitality brands.
Since its start in 1986, The Leela has been setting the gold standard for luxury hotels, making it a go-to for travelers who want nothing but the best.
Right now, Schloss Bangalore is owned and managed by Brookfield Asset Management through its affiliate, Project Ballet Bangalore Holdings (DIFC). This kind of backing means strong leadership and a clear vision for the future.
The company runs 12 luxury hotels across India, with a total of 3,382 rooms. These hotels aren’t just anywhere; they’re in prime business hubs and popular leisure spots, perfect for guests who expect exceptional comfort and service.
But Schloss Bangalore isn’t stopping there. They’ve got big plans to grow even more. By 2028, they want to launch eight new hotels, expanding their luxury footprint and reaching new markets.
So, if you’re keeping an eye on luxury hospitality, Schloss Bangalore is definitely a name to watch!
Financial Performance Overview
Schloss Bangalore Limited has demonstrated a strong financial trajectory over the past few years.
You can check the details of the financial updates in the table below:
| Period Ended | 31 May 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 6,935.21 | 7,061.88 | 5,875.54 | 5,863.01 |
| Revenue | 169.74 | 1,226.50 | 903.27 | 415.95 |
| Profit After Tax | -36.39 | -2.13 | -61.68 | -319.83 |
| Net Worth | -2,784.01 | -2,825.72 | -2,511.96 | -2,452.02 |
| Reserves and Surplus | -2,954.45 | -2,906.20 | -2,582.80 | -2,522.86 |
| Total Borrowing | 4,052.50 | 4,242.18 | 3,696.18 | 3,676.81 |
| Amount in ₹ Crore | ||||
Data available is as of 19.05.25.
Observations of Financial Overview
- Revenues have tripled from FY 2022 to FY 2024, with assets growing steadily above ₹7,000 crore, showing strong business expansion.
- Net losses have narrowed significantly, and improving EBITDA margins reflect better operational efficiency and a solid business model.
- Despite these gains, negative net worth and rising debt highlight ongoing financial challenges.
Benefits vs Constraints of Applying for the Leela Hotels IPO
Just glance at this table and learn about the difference:
| Benefits | Constraints |
| Strong brand equity: The Leela is a luxury icon in Indian hospitality, backed by Brookfield. | Persistent financial losses: Still reporting losses with a negative net worth of ₹2,784 Cr. |
| Industry tailwinds: India’s hospitality sector projected to hit ₹10.37 lakh Cr by FY27. | High debt levels: ₹4,052 Cr in total borrowings, though IPO aims to reduce this. |
| Improved financial trajectory: Revenue nearly tripled from FY22 to FY24, losses narrowed. | Zero GMP: As of May 19, 2025, no premium in the grey market reflects cautious sentiment. |
| Use of proceeds for debt reduction: ₹2,700 Cr allocated to cut liabilities. | Highly competitive market: Faces strong rivals like Indian Hotels, EIH, Chalet Hotels. |
| Aggressive expansion: 8 new properties planned by 2028 across key Indian cities. | Industry sensitivity: Vulnerable to economic cycles, global travel trends, or black swan events. |
| First-time listing of a luxury-only hotel chain: Unique public opportunity in the premium space. | No track record in public markets: Governance, transparency, and quarterly performance will be under scrutiny. |
Who Should and Shouldn’t Consider Applying for the Schloss Bangalore Limited IPO
Who Should Consider Applying
- Long-Term Investors with Sector Confidence: If you believe in the long-term growth of India’s luxury hospitality sector and are comfortable with holding through market cycles, this IPO offers access to a premium brand that’s expanding aggressively and improving operationally.
- Value Investors Looking for Turnaround Stories: With revenue tripling and losses narrowing sharply over FY22–FY24, Schloss Bangalore is showing clear signs of a financial turnaround. Investors who specialize in early-stage recovery opportunities may find this an attractive entry point before profitability stabilizes.
- Investors Seeking Portfolio Diversification: Hospitality is underrepresented in most retail portfolios. This IPO offers a rare opportunity to diversify beyond banking, IT, pharma, or FMCG into a consumer service sector backed by a globally trusted PE sponsor (Brookfield).
- Institutional or HNI Investors with Research Bandwidth: With zero GMP and moderate market sentiment, there’s a pricing advantage for HNIs and institutions that can evaluate the risk-reward profile deeper than retail sentiment allows.
Who Should NOT Consider Applying
- Short-Term or Grey Market-Oriented Traders: As of May 19, 2025, the GMP is ₹0, indicating there’s little to no speculative listing gain. If you’re only looking for short-term pops, this IPO might disappoint.
- Risk-Averse Retail Investors: The company still reports losses and carries high debt. If you prefer safe, already-profitable businesses with proven quarterly consistency, this listing could feel too uncertain.
- Investors Unfamiliar with the Hospitality Sector: Hospitality is cyclical and sensitive to external shocks like pandemics, geopolitical unrest, or macro slowdowns. If you’re not familiar with how this industry operates, the volatility may seem unexpected.
- Those Expecting Guaranteed Returns Post-Listing: There’s no certainty of immediate upside. The brand is strong, but market timing, investor sentiment, and valuation will decide its Day 1 performance; and none of those are guaranteed right now.
Final Thoughts
What’s the takeaway on the Schloss Bangalore Limited IPO? This listing is definitely one to watch, especially if you’re interested in India’s luxury hospitality scene or looking to diversify into a premium sector backed by a powerhouse like Brookfield. The company has shown promising signs; revenues tripling in just a couple of years and a clear focus on reducing its debt load, which should help strengthen its financial health going forward.
But it’s not all smooth sailing. The IPO comes with its share of risks; persistent losses, high borrowings, and the ups and downs of the hospitality industry that’s sensitive to global and economic shifts.
Plus, with the current grey market premium at zero, it’s clear that investors are waiting for more clarity before jumping in.
If you’re a long-term investor comfortable with some volatility and excited by the company’s growth plans and luxury brand legacy, this could be an exciting opportunity to get in early on a potential turnaround story.
However, if you’re looking for quick gains or want to avoid risks, it might be wise to watch from the sidelines for now.
In short, Schloss Bangalore’s IPO represents a unique chance to own a piece of India’s luxury hotel future; just be sure to weigh the rewards against the risks carefully before making your move.
FAQs
What is the new name of Hotel Leela Share?
The IPO of Leela Hotels refers to the Initial Public Offering (IPO) of Schloss Bangalore Limited, which operates The Leela Palaces, Hotels and Resorts in India. As of now:
- The IPO has been filed with SEBI via the Draft Red Herring Prospectus (DRHP).
- Details such as opening date, price band, lot size, and exact IPO timeline have not yet been officially announced.
- The total issue size is expected to be ₹5,000 crore, which includes a ₹3,000 crore fresh issue and a ₹2,000 crore offer for sale (OFS) by the promoter, Project Ballet Bangalore Holdings (DIFC).
Any listing timelines or subscription windows being reported elsewhere are speculative until SEBI gives its final approval and the red herring prospectus is filed.
Is Leela a listed company?
Currently, Schloss Bangalore Limited, the operator of The Leela Hotels, is a privately held company and not listed on any stock exchange. However, its parent company has filed for an IPO, and upon successful completion, it will be listed on the BSE and NSE
What is the IPO of Leela hotels?
The IPO refers to the planned public issue by Schloss Bangalore Limited, the Brookfield-owned company that operates the Leela hotel brand. Key highlights:
- IPO Size: ₹5,000 crore (₹3,000 Cr fresh issue + ₹2,000 Cr offer for sale)
- IPO Dates: Not announced yet (as of May 19, 2025)
- Price Band & Lot Size: Also not announced yet
- Objective: Primarily to repay ₹2,700 Cr in debt and strengthen the balance sheet.
The IPO is expected to list on BSE and NSE after SEBI approval.
Who bought Leela Hotels?
In October 2019, Brookfield Asset Management, one of the world’s largest alternative investment firms, acquired The Leela’s key hotel assets for ₹3,950 crore.
The deal included flagship properties in New Delhi, Bengaluru, Chennai, Udaipur, and land in Agra. Since then, Brookfield has operated these under the entity Schloss Bangalore Limited.
Who is the CEO of Leela Group?
As of 2025, Anuraag Bhatnagar is the Chief Executive Officer (CEO) and Whole-Time Director of The Leela Palaces, Hotels and Resorts.
He joined the group in January 2020 and brings over three decades of leadership in Indian and international hospitality brands.
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