Schloss Bangalore IPO Details
Schloss Bangalore IPO Details, GMP, Date, Subscription, Allotment
Schloss Bangalore IPO is a Book Building issue of ₹3500 Crore, offering about 8.04 Crore to the public.
The offer is a combination of Fresh Issue of 5.74 Crore shares worth ₹2500 Crore and an Offer for Sale of 2.29 Crore shares worth ₹1000 Crore by its promoters. Promoters of Schloss Bangalore Limited are Project Ballet Bangalore Holdings (DIFC) Pvt Ltd, BSREP III Joy (Two) Holdings (DIFC) Limited, 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, Project Ballet Udaipur Holdings (DIFC) Pvt Ltd.
Schloss Bangalore IPO was subscribed 4.72 times during bidding from 26 May 2025 to 28 May 2025. Allotment was finalized on 29 May 2025, and the shares listed on BSE, NSE on 2 Jun 2025.
Price band for Schloss Bangalore IPO is ₹413 to ₹435 per equity share. One lot consists of 34 shares. Minimum investment for retail investors is ₹14790. It is recommended to apply at the cutoff price of ₹435 to improve allotment chances.
Retail investors can apply for 1 lot (34 shares) costing ₹14790. NIIs must invest ₹207060 for 13 lots (476 shares). QIBs need ₹1005720 to apply for 68 lots (2312 shares).
10% of the issue is reserved for retail investors, 15% for NIIs, 30% for QIBs, and 50% of shares were reserved for anchor investors and their bidding date is 23 May 2025.
Schloss Bangalore Limited reported revenue of ₹1406.50 Crores in and ₹ Crores in . It reported a Profit of ₹47.6 Crores in and a Loss of ₹2.1 Crores in after taxes.
Kfin Technologies Limited is the registrar of the Schloss Bangalore IPO. The book running lead managers are JM Financial Limited, BofA Securities India Limited, Morgan Stanley India Company Private Limited, J.P. Morgan India Private Limited, Kotak Mahindra Capital Company Limited, Axis Capital Limited, Citigroup Global Markets India Private Limited, IIFL Capital Services Limited, ICICI Securities Limited, Motilal Oswal Investment Advisors Limited, SBI Capital Markets Limited.
Schloss Bangalore Limited IPO (Schloss Bangalore IPO) Overview
| IPO Name | Schloss Bangalore Limited IPO |
| IPO Status | Listed at BSE, NSE at INR 406 (-6.67% Loss) |
| IPO Open Date | 26 May 2025 |
| IPO Close Date | 28 May 2025 |
| Face Value | ₹10 Per Equity Share |
| One Lot Size | 34 Equity Shares |
| Total Issue | 8,04,59,769 Shares (worth up to ₹3500 Crore Rs) |
| Fresh Issue | 5,74,71,264 Shares (worth up to ₹2500 Crore Rs) |
| Offer of Sale | 2,29,88,505 Shares (worth up to ₹1000 Crore Rs) |
| Issue Type | Book Building Issue |
| IPO Listing | BSE, NSE |
| Retail Portion | Up to 10% of Net Issue |
| NII Portion | Up to 15% of Net Issue |
| Net QIB Portion | Up to 30% of Net Issue |
| Anchor Portion | Up to 50% of Net Issue |
| DRHP Draft Prospectus | View DRHP |
| RHP Draft Prospectus | View RHP |
| Anchor Investors List | View List |
Schloss Bangalore IPO Important Dates
The following table gives all important events and their timelines for Schloss Bangalore IPO.
| Anchor Investors Bid Date | 23 May 2025 |
| IPO Open Date | 26 May 2025 |
| IPO Close Date and Time | 28 May 2025 at 3:15 PM |
| Basis of Allotment | 29 May 2025 at 9:00 PM |
| Refunds | 30 May 2025 |
| Credit to DEMAT | 30 May 2025 |
| IPO Listing Date | 2 Jun 2025 |
Schloss Bangalore IPO Investor Reservation
Schloss Bangalore Limited issued a total 8.04 Crore shares through this IPO. 80.45 Lakh (9.99%) shares reserved for Retail. 1.20 Crore (15.00%) shares for NIIs. 2.41 Crore (30.00%) shares for QIBs. 3.62 Crore (45.00%) shares for Anchor Investors.
| Investor | Shares Reserved | Reservation % |
|---|---|---|
| Retail | 80,45,977 | 9.99% |
| NII | 1,20,68,966 | 15.00% |
| QIB | 2,41,37,932 | 30.00% |
| Anchor Investors | 3,62,06,896 | 45.00% |
| Total | 8,04,59,769 | 100% |
Schloss Bangalore IPO Lot Amounts
Investors can send applications in lots of 34 shares and in multiples thereof. The minimum amount of retail application of 34 shares (1 lot) is ₹14790 and maximum application amount is ₹192270 for 442 shares (13 lots). The following depicts the minimum and maximum by Retail, HNI and QIB investors in terms of shares, lots and amounts.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 34 | ₹14790 |
| Retail Maximum | 13 | 442 | ₹192270 |
| SHNI Minimum | 13 | 476 | ₹207060 |
| SHNI Maximum | 33 | 1122 | ₹488370 |
| BHNI Minimum | 34 | 1156 | ₹502440 |
| BHNI Maximum | 67 | 2278 | ₹990930 |
| QIB Minimum | 68 | 2312 | ₹1005720 |
About Schloss Bangalore Limited Company
Schloss Banglore Limited owns, operates and develops luxury hotels and resorts under “the Leela” brand. The Leela brand is ranked 1 among the world’s best hospitality brands in 2020 and 2021, among the world’s top three hospitality brands in 2023 and 2024, by Travel+ Leisure World’s Best Awards Surveys. The Leela Brand and properties have won over 250 awards since Jan 2021, which demonstrates its contribution to India’s luxury hospitality landscape. Its mission is deeply rooted in the Traditional Indian hospitality belief of ‘Atithi Devo Bhava’ which means ‘Guest is God’. Its goal is to offer its guests luxury experiences with premier accommodation, exclusivity and personalised services, inspired by the ethos of Indian hospitality. As of March 2025, Schloss Banglore Limited is one of the largest luxury hospitality companies by number of keys in India. It comprises 3553 keys across 13 operational hotels. Its portfolio includes ‘The Leela Palaces’, ‘The Leela Hotels’ and ‘The Leela Resorts’. It undertakes business primarily through direct ownership of hotels and hotel management agreements with third-party hotel owners. Its portfolio includes Five owned hotels, seven hotels that are managed by it as a pursuant to the hotel management agreements and one which is owned and operated by a third party owner under franchise agreement.
Schloss Bangalore Limited Financial Report and Review
| Particulars | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | Review |
|---|---|---|---|---|
| Revenue | 1406.50 | 1226.50 | 903.20 | Growing |
| Profit | 47.60 | -2.10 | -61.60 | Good |
| Expenses | 1304.20 | 1207.00 | 963.80 | High |
| Assets | 8266.10 | 7061.80 | 5875.50 | Growing |
| Networth | 3604.90 | -2825.70 | -2511.90 | Volatile |
| Borrowings | 3908.70 | 4242.10 | 3696.10 | Very High |
Amount ₹ in Crores if not stated separately
Schloss Bangalore Limited Key Performance Indicators
| Particulars | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue from Operations | 1300.50 | 1171.40 | 860.00 |
| Revenue from Operations % | 1300.50 | 1171.40 | 860.00 |
| ROE % | — | — | — |
| ROCE % | — | — | — |
| EBITDA | 700.00 | 600.00 | 423.60 |
| EBITDA Margin % | 49.78 | 48.92 | 46.90 |
| PAT Margin % | 3.39 | -0.17 | -6.83 |
| Debt to Equity Ratio | 1.08 | -1.50 | -1.47 |
| Earnings Per Share (in ₹) | 1.97 | -0.12 | -3.50 |
| Return on Networth % | 1.32 | — | — |
| Net Asset Value | 148.88 | -160.57 | -142.72 |
Objects of the Schloss Bangalore IPO Offer
Schloss Bangalore Limited filed to raise ₹2500 Crore Rs funds through Fresh Issue and is about to use the funds on the following objects:
| Objects of the Issue | Amt (in Cr) |
|---|---|
| Repayment prepayment redemption in full or in part of certain outstanding borrowings interest accrued and prepayment penalties as applicable | 2300 Cr |
| General Corporate Purposes | |
| Total | NA |
Amount ₹ in Crores if not stated separately
Schloss Bangalore Limited Office Address
Schloss Bangalore Limited
The Leela Palace, Diplomatic Enclave, Africa Avenue, Netaji Nagar, South Delhi, New Delhi, Delhi, 110 023, India
Schloss Bangalore IPO Details FAQs
1. What is the Schloss Bangalore IPO ?
Schloss Bangalore IPO is a Book Building issue of ₹3500 Crore, offering about 8.04 Crore to the public.
2. What is the Schloss Bangalore IPO price band and face value per share?
Price band for Schloss Bangalore IPO is ₹413 to ₹435 per equity share. The face value of each share is ₹10 per equity share.
3. When will Schloss Bangalore IPO open date for subscription?
Schloss Bangalore IPO open date for subscription is 26 May 2025 and close date is 28 May 2025 at 3:15 PM.
4. What is the Schloss Bangalore IPO Investors reservation portions?
The Schloss Bangalore IPO has allocated 10% for Retail, 15% for NIIs, and 30% for QIBs. 50% of shares are reserved for Anchor Investors.
5. What is the issue size of the Schloss Bangalore IPO ?
The offer is a combination of Fresh Issue of 5.74 Crore shares worth ₹2500 Crore and an Offer for Sale of 2.29 Crore shares worth ₹1000 Crore by its promoters.
Promoters of Schloss Bangalore IPO are Project Ballet Bangalore Holdings (DIFC) Pvt Ltd, BSREP III Joy (Two) Holdings (DIFC) Limited, 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, Project Ballet Udaipur Holdings (DIFC) Pvt Ltd.
6. What is the lot size and the minimum investment for retail, NII, and QIB applicants of Schloss Bangalore IPO ?
In the Schloss Bangalore IPO , the minimum investment for Retail investors is 1 lot (34 shares), totaling ₹14790. For NIIs, the investment is 13 lots (476 shares), amounting to ₹207060. QIBs need ₹1005720 to subscribe to 68 lots (2312 shares) of the Schloss Bangalore IPO.
7. How to apply for the Schloss Bangalore IPO ?
One can apply for Schloss Bangalore IPO through the ASBA via bank account. If the application amount is below ₹5,00,000, they can apply via UPI through their stock brokers like Zerodha, Groww, Paytm Money etc.
8. What is Schloss Bangalore IPO Lot Size?
Schloss Bangalore IPO one lot size is 34 equity shares.
9. What is the Schloss Bangalore IPO Allotment Date?
Schloss Bangalore IPO Allotment Date is 29 May 2025.
10. What is the Schloss Bangalore IPO Listing Date?
Schloss Bangalore IPO listing date is 2 Jun 2025.