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THELEELA · NSE,BSE · Luxury Hospitality
Schloss Bangalore IPO listed on 02 Jun 2025 on NSE,BSE at ₹406.00, a loss of 6.67% over the issue price of ₹435.00. The IPO was subscribed 4.50x overall.
Schloss Bangalore IPO tentative timeline covering IPO opening, closing, basis of allotment, refunds, demat credit, and listing dates.
| Event | Date |
|---|---|
| IPO Open Date | 26 May 2025 |
| IPO Close Date | 28 May 2025 |
| Basis of Allotment | 29 May 2025 |
| Initiation of Refunds | 30 May 2025 |
| Credit of Shares to Demat | 30 May 2025 |
| Listing Date | 02 Jun 2025 |
Listing day gain
-6.67%
Listed at ₹406 (issue ₹435)
Issue
₹435
Listing
₹406
Current
₹435.55
+0.13% vs issue
Day range
₹405 – ₹438.9
Issue Size
80,459,769 shares
(aggregating up to ₹3,500.00 Cr)
Issue Price
₹413 – ₹435
Face Value
₹10/share
Market Lot
34 shares
Retail Min Investment
₹14,790
Listing At
NSE,BSE
Sale Type
both
Fresh Issue
57,471,264 shares
(aggregating up to ₹2,500 Cr)
Offer for Sale
22,988,505 shares
(aggregating up to ₹1,000 Cr)
Issue Type
book building
Open Date
26 May
Close Date
28 May
Allotment
29 May
Listing
02 Jun
Last updated: 1 year ago
| Date | IPO Issue Price (₹) | GMP (₹) | Est. Listing Price (₹) | Est. Profit Amount (₹) | Est. Profit % | Last Updated |
|---|---|---|---|---|---|---|
| 02 Jun 2025 Latest | ₹435 | ₹2 | ₹437 | ₹2 |
0.46%
|
12:00 AM |
| 01 Jun 2025 | ₹435 | ₹2 | ₹437 | ₹2 |
0.46%
|
12:00 AM |
Showing the 2 most recent GMP entries.
View full GMP historyLatest snapshot: 28 May 2025
| Category | Subscribed (x) |
|---|---|
| QIB | 7.46x |
| NII | 1.02x |
| bNII (bids above ₹10L) | 1.15x |
| sNII (bids below ₹10L) | 0.78x |
| Retail Investors | 0.83x |
| Total | 4.5x |
Showing the latest subscription snapshot.
View full subscription historyProject 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. are the promoters of the company.
New to lot sizes and investment limits? Read our guide on IPO lot size and minimum investment.
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 34 | ₹14,790 |
| Retail (Max) | 13 | 442 | ₹192,270 |
| S-HNI (Min) | 14 | 476 | ₹207,060 |
| S-HNI (Max) | 67 | 2,278 | ₹990,930 |
| B-HNI (Min) | 68 | 2,312 | ₹1,005,720 |
Want to understand how IPO shares are divided between investor categories? Read our guide on IPO reservation structure.
| Category | Shares Offered |
|---|---|
| QIB Shares Offered | 60,344,828 (75.00%) |
|
•
Anchor Investor Shares Offered
|
36,206,896 (45.00%) |
|
•
QIB (Ex. Anchor) Shares Offered
|
24,137,932 (30.00%) |
| NII (HNI) Shares Offered | 12,068,965 (15.00%) |
|
•
bNII > ₹10L
|
8,045,976 (10.00%) |
|
•
sNII < ₹10L
|
4,022,989 (5.00%) |
| Retail Shares Offered | 8,045,976 (10.00%) |
| Total Shares Offered | 80,459,769 (100.00%) |
Schloss Bangalore Limited was established on March 20, 2019, and is headquartered in Mumbai, Maharashtra. It operates under "The Leela" brand in the luxury hospitality sector.
The company owns, operates, manages, and develops luxury hotels and resorts under The Leela brand, describing itself as India's only institutionally owned and managed pure-play luxury hospitality company. Its business model includes both direct ownership of hotels and hotel management agreements with third-party owners. As of March 31, 2025, its owned portfolio comprised five hotels with 1,224 keys across Bengaluru, Chennai, New Delhi, Jaipur, and Udaipur, alongside a broader operated and managed portfolio of 13 hotels with 3,553 keys. The company is promoted by a group of entities affiliated with Brookfield Asset Management, which acquired The Leela hotel chain in October 2019.
On a restated basis, revenue rose from Rs 860.1 crore in FY23 to Rs 1,171.5 crore in FY24 to Rs 1,300.6 crore in FY25, while the company narrowed its loss from Rs 61.7 crore in FY23 to Rs 2.1 crore in FY24 before reporting a profit of Rs 47.8 crore in FY25. The IPO was a mainboard, book-built issue comprising a fresh issue of equity shares aggregating up to Rs 2,500 crore and an offer for sale of equity shares aggregating up to Rs 1,000 crore by Brookfield-affiliated promoter selling shareholders, listed on the BSE and NSE. As per the RHP, net proceeds from the fresh issue were proposed to be used for repayment or prepayment, in full or part, of certain borrowings availed by the company, with the balance for general corporate purposes.
Standalone · ₹ in Crores
| Particulars | FY Mar 2023 | FY Mar 2024 | FY Mar 2025 |
|---|---|---|---|
| Total Revenue | 903.27 | 1,226.5 | 1,406.56 |
| Profit After Tax (PAT) | -61.68 | -2.13 | 47.66 |
| EBITDA | - | - | - |
| Total Assets | 5,875.54 | 7,061.88 | 8,266.16 |
| Net Worth | -2,511.96 | -2,825.72 | 3,604.99 |
| Reserves & Surplus | -2,582.8 | -2,906.2 | 3,280.43 |
| Total Borrowing | 3,696.18 | 4,242.18 | 3,908.75 |
Revenue & Profit Trend
Key ratios per fiscal period
| Particulars | FY 2025 |
|---|---|
| RoNW Return on Net Worth Shows the profit earned on the company's own net worth. Steady or rising over 3 years is a good sign. | 1.32% |
| EBITDA Margin Earnings Before Interest, Tax, Depreciation and Amortisation Margin Profit from the main business as a share of sales, before loan interest and tax. Compare it with other companies in the same industry. | 49.78% |
| P/BV Price to Book Value Tells you if the IPO price is above what the company actually owns. 1x to 3x is usually seen as reasonable. | 2.92x |
Issue-level · at the upper price band
| Particulars | Pre-IPO | Post-IPO |
|---|---|---|
| EPS Earnings Per Share Profit the company earns on each share. Post-IPO EPS is usually lower because the issue adds new shares. | ₹2.71 | ₹2.04 |
| P/E Price to Earnings Tells you if the IPO price is fair for what the company earns. Compare it with listed companies in the same sector. | 160.63x | 213.09x |
| Market Cap Market Capitalisation What the whole company is valued at, at the upper price band. Post-IPO counts the new shares the issue creates. | - | ₹14,546 Cr |
The basis of allotment for Schloss Bangalore IPO was finalised on 29 May 2025. You can check your allotment status using your PAN number or application number on the KFin Technologies Limited portal or BSE.
The Schloss Bangalore IPO is expected to open in May 2025, subject to SEBI approval. Final dates will be updated once announced officially.
The price band for Schloss Bangalore IPO is ₹413.00 - ₹435.00 per share.
As per market sources, Schloss Bangalore IPO GMP is currently ₹2.00. GMP is tracked daily in the grey market. GMP indicates unofficial demand but does not guarantee listing gains.
The subscription status for Schloss Bangalore IPO stands at 4.50x overall.
The listing date for Schloss Bangalore IPO is 02 Jun 2025.
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