About Schloss Bangalore:
The company owns, operates, manages, and develops luxury hotels and resorts under “The Leela” brand. Its portfolio includes The Leela Palaces, The Leela Hotels, and The Leela Resorts. The business is primarily conducted through direct ownership of hotels and hotel management agreements with third-party owners. As of March 31, 2025, the portfolio comprises 3,553 keys across 13 operational hotels, including five owned properties, seven hotels managed under hotel management agreements, and one hotel owned and operated by a third party under a franchise arrangement with the company.
About the Industry in which Schloss Bangalore operates:
The hospitality industry includes luxury, premium, midscale, and economy segments, each offering varied services and experiences. The luxury segment features larger rooms, premium amenities, and superior services, often with multiple banquet halls, restaurants, and meeting spaces, allowing for higher ARRs. India’s hospitality sector is poised for strong growth, driven by projected GDP expansion from $3.6 trillion in 2023 to $6.8 trillion by 2030. Demand for luxury rooms is expected to grow at a 10.6% CAGR from FY 2024 to FY 2028.
| Important Information and Timelines of the IPO of Schloss Bangalore: | |
|---|---|
| Open Date | 26 May 2025 |
| Close Date | 28 May 2025 |
| Total Issue Size – Number of Shares | 80459769 |
| Minimum Bid Price | 413 |
| Maximum Bid Price | 435 |
| Lot Size | 34 |
| Basis of Allotment | 29 May 2025 |
| Initiation of Refunds and Credit of Shares to Demat | 30 May 2025 |
| Listing Date | 2 June 2025 |
| Listing Exchange(s) | NSE and BSE |
Minimum and Maximum Lot Sizes for the IPO of Schloss Bangalore:
| Category | Lots | Shares | Amount (in â‚ą) |
|---|---|---|---|
| Retail – Minimum | 1 | 34 | 14790 |
| Retail – Maximum | 13 | 442 | 192270 |
| sHNI – Minimum | 14 | 476 | 207060 |
| sHNI – Maximum | 67 | 2278 | 990930 |
| bHNI – Minimum | 68 | 2312 | 1005720 |
Objective of the IPO of Schloss Bangalore:
-
Repayment, prepayment, or redemption, in full or in part, of certain outstanding borrowings, including accrued interest and any applicable prepayment penalties, availed by:
(a) the Company, amounting to â‚ą11,025.00 million
(b) certain wholly owned subsidiaries and step-down subsidiaries, namely Schloss Chanakya, Schloss Chennai, Schloss Udaipur, and TPRPL, through investments made in these subsidiaries
-
Utilization of funds for general corporate purposes
Financials of Schloss Bangalore:
| Particulars | As at and for the Fiscal ended March 31, 2025 | As at and for the Fiscal ended March 31, 2024 | As at and for the Fiscal ended March 31, 2023 |
|---|---|---|---|
| Equity share capital | 2,764.87 | 201.70 | 201.70 |
| Total income | 14,065.56 | 12,265.00 | 9,032.67 |
| Restated profit / (loss) for the year | 476.58 | (21.27) | (616.79) |
| Basic earnings per share | 1.97 | (0.12) | (3.50) |
| Diluted earnings per share | 1.97 | (0.12) | (3.50) |
| Net asset value (NAV) per share | 148.88 | (160.57) | (142.74) |
| Net Worth | 36,049.88 | (28,257.23) | (25,119.63) |
| Total Borrowings | 39,087.46 | 42,421.81 | 36,961.82 |
For more details on the IPO, refer to the DRHP here.
Did you know that you can now Pre-Apply for an IPO on Dhan? You can place your IPO Bid on Dhan and the order will be pushed to the Exchange as soon as the Bidding starts for Schloss Bangalore. You will receive a UPI mandate after 10:00 AM on 26 May 2025.
###1. How to apply for the IPO of Schloss Bangalore on Dhan?
You can apply for the IPO of Schloss Bangalore from either Dhan Mobile App or Web
On Dhan Mobile App you can find the IPO under the Money Section > IPO Tab
On Dhan Web you can find the IPO under Markets Tab > IPOs
###2. In case of successful allotment, when the IPO shares of Schloss Bangalore be visible on Dhan?
The CDSL will intimate you regarding the credit of shares into your Demat account by 30 May 2025. However, you will be able to see the shares of Schloss Bangalore on Dhan before the market starts on the listing date which is 2 June 2025.