Leela Hotels IPO: Check IPO Date, Live Subscription and Key Details
Schloss Bangalore is India’s first and only luxury hospitality company managed by an institution. Under the Leela brand, it runs and builds luxury hotels and resorts across the country. Started in 1986 by Captain C.P. Krishnan Nair, The Leela Palaces, Hotels and Resorts is known for top-class Indian hospitality, excellent service, and beautiful architecture.
Price Range
₹413.00-435.00
Issue Size
3,500
Lot Size
34 shares
IPO Type
Mainboard
GMP
₹3(+0.69%)
Est. Listing Price
₹438
Invisible
-
Invisible
-
Key Metrics
Check Live GMP
Face Value
₹10
EPS
2.04
P/E Ratio
213.09
RoNW
1.32%
ROE
-%
Timeline
IPO Opens
26 May
IPO Closes
28 May
Allotment
29 May
Listing
2 Jun
IPO Timeline & Listing Details
| Event | Date | Details |
|---|---|---|
| IPO Open Date | 26 May 2025 | Subscription starts |
| IPO Close Date | 28 May 2025 | Subscription ends |
| Allotment Date | 29 May 2025 | Allotment |
| Listing Date | 2 June 2025 | Listing |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Retail (Min) | 1 | ₹14,790 |
Retail (Max)Just less than ₹2,00,000 | 13 | ₹1,92,270 |
SHNI (Min)Just above ₹2,00,000 | 14 | ₹2,07,060 |
SHNI (Max)Below ₹10,00,000 | 67 | ₹9,90,930 |
BHNIAbove ₹10,00,000 | 68 | ₹10,05,720 |
IPO Objectives
- Repayment/ prepayment/ redemption, in full or in part, of certain outstanding borrowings availed by: (a) the Company, (b) certain of our Subsidiaries, namely, Schloss Chanakya, Schloss Chennai, Schloss Udaipur and TPRPL, through investment in such Subsidiaries.
- General corporate purposes.
Strengths
- Schloss Bangalore is the only institutionally owned luxury hospitality company focused solely on this segment in India.
- The Leela brand has won over 250 awards since 2021 and ranks among the world’s top luxury hotels.
- Strong service culture with a net promoter score of 84 and EBITDA margin of 48.92% in FY24.
- Owns five flagship hotels in key cities with limited new development due to land and time constraints.
- Hotels feature large rooms and grand architecture, winning multiple awards and exceeding industry standards.
- Comprehensive luxury offerings include accommodations, 67 F&B outlets, 12 spas, and event spaces.
- Revenue grew from Rs 380.11 crore in FY22 to Rs 1,171.45 crore in FY24.
Weaknesses
- Over 90% of income comes from the top five hotels, exposing the company to regional risks.
- Reported losses recently, including Rs 36.39 crore in two months ended May 2024; sustained losses could harm finances.
- Negative cash flows from operations and financing raise concerns over liquidity if trends continue.
- Contingent liabilities of Rs 314.20 crore as of May 2024 could impact financial health if realized.
Financial Performance
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets (₹ Cr.) | 8,266.16 | 7,061.88 | 5,875.54 | 5,863.01 |
| Revenue (₹ Cr.) | 1,406.56 | 1,226.5 | 903.27 | 415.95 |
| PAT (₹ Cr.) | 47.66 | -2.13 | -61.68 | -319.83 |
| Net Worth (₹ Cr.) | 3,604.99 | -2,825.72 | -2,511.96 | -2,452.02 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| Schloss Bangalore Limited | 2.92 | 213.09 | 1.32% | 3,604.99 |
| Indian Hotels Co.ltd. | 9.59 | 59.84 | 16.42% | 10,129 |
Subscription Details
Daily Bids Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0.03x | 0.12x | 7.82x |
| NII | 0.03x | 0.11x | 1.07x |
| S-HNI | 0.05x | 0.13x | 0.8x |
| B-HNI | 0.03x | 0.11x | 1.21x |
| RII | 0.21x | 0.43x | 0.85x |
| Total | 0.07x | 0.17x | 4.71x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 2,41,37,932 | 18,87,07,038 | 8,208.76 |
| NII | 1,20,68,966 | 1,29,32,614 | 562.57 |
| Small NII | 40,22,989 | 32,28,538 | 140.44 |
| Big NII | 80,45,977 | 97,04,076 | 422.13 |
| RII | 80,45,977 | 68,44,710 | 297.74 |
| Total | 4,42,52,875 | 20,84,84,362 | 9,069.07 |
Company Details
- Schloss Bangalore (Leela Hotels)
- The Leela Palace, Diplomatic Enclave
- +91 22 6901 5454
- cs@theleela.com
- http://www.theleela.com/
Registrar Details
- Kfin Technologies Limited
- 04067162222, 04079611000
- leelahotels.ipo@kfintech.com
- https://kosmic.kfintech.com/ipostatus/