Schloss Bangalore Limited is coming up with an IPO consisting of a fresh issue of 5.75 crore shares worth INR 2,500 crores and an offer to sell 2.30 crore shares worth INR 1,000 crores. The company aims to repay or prepay certain outstanding borrowings availed by the company and its subsidiaries and fund general corporate purposes.
Schloss Bangalore IPO – Important Dates
Schloss Bangalore Limited IPO Date | May 26, 2025 to May 28, 2025 |
Schloss Bangalore Limited IPO Listing Date | Jun 2, 2025 |
Schloss Bangalore Limited IPO Price | INR 413 – 435 per share |
Schloss Bangalore Limited IPO Lot Size | 34 Shares |
Schloss Bangalore Limited IPO Total Issue Size | INR 3,500 crores |
Schloss Bangalore Limited IPO Basis of Allotment | May 29, 2025 |
Schloss Bangalore Limited IPO Initiation of Refunds | May 30, 2025 |
Schloss Bangalore Limited IPO Credit of Shares to Demat | May 30, 2025 |
Schloss Bangalore Limited IPO Issue Type | Book Built Issue IPO |
Schloss Bangalore Limited IPO Listing At | BSE, NSE |
Schloss Bangalore Limited IPO – Company Profile
Schloss Bangalore Limited is a luxury hospitality company operating under “The Leela” brand, offering premier accommodations and personalised services rooted in Indian hospitality. The Leela brand has received global recognition, ranked #1 in 2020 and 2021 and among the top three in 2023 and 2024 by Travel + Leisure World’s Best Awards.
As of March 31, 2025, the company operates 13 hotels with a total of 3,553 keys, making it one of India’s largest luxury hospitality players by number of keys. Its portfolio includes The Leela Palaces, The Leela Hotels, and The Leela Resorts.
Its five owned hotels with 1,216 keys are located in key destinations like Bengaluru, Chennai, New Delhi, Jaipur, and Udaipur. These properties, designed as modern palaces, reflect a blend of traditional Indian architecture and contemporary luxury.
Schloss Bangalore Ltd IPO Fundamental Analysis
Schloss Bangalore Limited’s financial analysis reveals a mixed performance. Revenue has shown strong growth alongside rising profits and assets, improved liquidity, and reduced debt reliance, though the inventory turnover ratio and current ratio are not available.
- Revenue Trend: The revenue increased from ₹9,032.67 million in March 2023 to ₹12,265 million in March 2024. The revenue for the 12th month period ended March 2025 is INR 14,065.56 million.
- Equity and Liabilities: Both equities and liabilities have shown a consistent increase over the periods, reflecting potential growth and expansion.
- Profitability: The profit after tax (PAT) increased from – ₹616.79 million in March 2023 to – ₹21.27 million in March 2024, boosting investor confidence. The profit for the period ending March 2025 is ₹476.58 million.
- Earnings per Share (EPS): The diluted EPS increased from -₹3.50 in March 2023 to -₹0.12 in March 2024, reflecting higher earnings per share for investors. The diluted EPS for the period ending March 2025 is ₹1.97.
- Return on Net Worth (RoNW): The RoNW has increased from NA to 1.32%, indicating an increase in the company’s ability to generate returns on shareholder equity.
- Financial Position: Total assets have increased, suggesting potential business growth.
Schloss Bangalore IPO Financial Analysis
Particular | As of 31 March 2023 | As of 31 March 2024 | As of 31 March 2025 |
Revenue (₹ in millions) | 9,032.67 | 12,265.00 | 14,065.56 |
Equity (₹ in millions) | (25,119.63) | (28,257.23) | 36,049.88 |
Expenses (₹ in millions) | 9,638.26 | 12,070.71 | 13,042.95 |
Profit and Loss After Tax (₹ in millions) | (616.79) | (21.27) | 476.58 |
Diluted EPS only (₹) | (3.50) | (0.12) | 1.97 |
Return on Net Worth (%) | NA | NA | 1.32 |
NAV per Equity Share (₹) | (142.74) | (160.57) | 148.88 |
Total Assets (in millions) | 58,755.37 | 70,618.80 | 82,661.63 |
Total Liabilities (₹ in millions) | 83,875.00 | 98,876.03 | 46,611.75 |
Debt-Equity Ratio | (1.56) | (1.55) | 1.07 |
Current Ratio (in times) | NA | NA | NA |
Inventory Turnover Ratio | NA | NA | NA |
Schloss Bangalore Limited IPO Peer Comparison
Schloss Bangalore Limited shows substantial growth, The Indian Hotels Company Limited leads in revenue, Juniper Hotels Limited excels in P/E ratio, Chalet Hotels Limited shows strong EPS, EIH Limited and Ventive Hospitality Limited lead in RoNW and NAV, respectively.
Company | Revenue (₹ in millions) | Face Value per Equity Share (₹) | P/E Ratio | EPS (Basic & Diluted) (₹) | RoNW (%) | NAV per Equity Share |
Schloss Bangalore Limited | 11,714.53 | 10 | NA | (0.12) | NA | -160.57 |
The Indian Hotels Company Limited | 67,687.50 | 1 | 86.43 | 8.86 | 13.13 | 71.16 |
EIH Limited | 25,112.71 | 2 | 36.24 | 10.22 | 16.58 | 65.34 |
Chalet Hotels Limited | 14,172.52 | 10 | 59.93 | 13.54 | 15.03 | 84.74 |
Juniper Hotels Limited | 8,176.63 | 10 | 197.91 | 1.46 | 0.90 | 119.34 |
Ventive Hospitality Limited | 18,420.66 | 1 | NA | (5.24) | -1.82 | 157.13 |
ITC Hotels Limited | 30,340.00 | 1 | NA | NA | NA | NA |
Schloss Bangalore Ltd IPO Objective
The main objective of Schloss Bangalore Limited is to repay or prepay certain outstanding borrowings availed by the company and its subsidiaries and fund general corporate purposes.
- Repayment or prepayment in full or in part, of certain outstanding borrowings, interest accrued, and prepayment penalties, as applicable, availed by:
- Company: The company intends to utilise INR 11,025 million from the Net Proceeds to repay or prepay certain outstanding borrowings availed by the company.
- Subsidiaries: The company intends to utilise INR 11,975 million from the Net Proceeds to repay or repay certain borrowings availed by the company’s wholly owned subsidiaries and step-down subsidiaries.
- General corporate purposes: The company intends to utilise the remaining proceeds to fund general corporate purposes.
Schloss Bangalore IPO Risks And Challenges
Schloss Bangalore Limited’s risk includes the quality or reputation of the brand, dependence on key assets, and historical financial performance, which could adversely impact its operations, profitability, and financial condition.
- Any deterioration in the quality or reputation of “The Leela” brand could have an adverse effect on their business, financial condition and results of operations.
- The company’s significant portion of income is derived from the five hotels owned by it. Any adverse effect on these hotels or regions could have an adverse effect on their business, results of operations and financial condition.
- The company and its certain material subsidiaries have incurred losses in the past. Any losses in the future could have an adverse effect on their business, cash flows, and financial condition.
Schloss Bangalore Ltd IPO – Industry & Market Potential
India’s travel industry is transforming due to changing preferences among millennials seeking immersive cultural experiences. Segments like heritage, wildlife, spiritual, and wellness tourism are witnessing increased demand, supported by premium aspirations and high-profile events like the G20 Summit.
India’s outbound travel market, which grew at a 9% CAGR from 2011–2019, has surpassed pre-pandemic levels in 2023 and is expected to continue growing at a 9% CAGR till 2030. Ancillary segments like branded residences and serviced apartments are also gaining traction.
India contributes 6.5% of its GDP from travel and tourism, below the global average. With over 40 UNESCO World Heritage Sites and improving infrastructure, the sector is poised for further growth. Post-pandemic trends such as full-hotel buyouts and destination weddings generate ₹25 to 30 million per event, boosting luxury hotel revenues.
Schloss Bangalore Limited IPO – Type of Offer
Schloss Bangalore Limited plans a fresh issue of 5.75 crore shares, seeking INR 2,500 crores to repay or prepay borrowings and fund general corporate purposes. Additionally, the company proposes an offer to sell 2.30 crore existing shares worth INR 1,000 crores.
- Fresh Issue: The company will issue 5.75 crore new shares to raise capital, aiming to collect INR 2,500 crores. The company intends to utilise the proceeds from the fresh issue to repay or prepay borrowings and fund general corporate purposes.
- Offer for sale: Schloss Bangalore Limited is offering to sell 2.30 crore existing shares worth INR 1,000 crores.
Schloss Bangalore IPO Offer Size
The offer size of Schloss Bangalore Limited is INR 3,500 crores, consisting of a fresh issue of 5.75 crore shares worth INR 2,500 crores and an offer to sell 2.30 crore shares worth INR 1,000 crores. The company aims to repay or prepay certain outstanding borrowings availed by the company and its subsidiaries and fund general corporate purposes.
Schloss Bangalore Limited IPO Allotment Structure
Schloss Bangalore Limited’s allocation will be as follows: 75% for Qualified Institutional Buyers (QIB), 15% for Non-Institutional Investors (NII), and 10% for Retail Individual Investors (RII) according to SEBI regulations.
● Qualified Institutional Buyers (QIB): As per SEBI regulations, 75% of the shares offered through the IPO will be reserved for Qualified Institutional Buyers. These include entities such as banks, mutual funds, and insurance companies.
● Non-Institutional Investors (NII): 15% of the shares will be reserved for Non-Institutional Investors. These typically include corporate bodies or individuals investing more than Rs 2 lakhs.
● Retail Individual Investors (RII): The remaining 10% of the shares will be allotted to Retail Individual Investors. These individual investors apply for shares with a total value of less than Rs.2 lakhs.
How to apply for the Schloss Bangalore IPO?
To apply for the Schloss Bangalore Limited IPO through Alice Blue, follow these steps:
Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.
- Check for IPO Details: Once your account is active, you can check for the Schloss Bangalore Limited IPO details in the IPO section of the Alice Blue platform.
- Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
- Submit the Application: Confirm all your details and submit your application.
You can apply for the Schloss Bangalore Limited IPO at Alice Blue in just a few clicks!
Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
How do you check Schloss Bangalore IPO Allotment Status?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
- Log in to your Alice Blue Account: You can do this through the Alice Blue website or the trading app.
- Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
- Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
- Select the Schloss Bangalore Limited IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Schloss Bangalore Limited IPO.
- Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.
If you face any issues, we request you to reach out to our customer support team at Alice Blue for detailed assistance.
Apart from Alice Blue, there are other ways to check the allotment status of the Schloss Bangalore Limited IPO:
● Registrar’s Website: Visit the website of KFin Technologies Limited, the registrar of the Schloss Bangalore Limited IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
● BSE NSE: You can also check the allotment status on the official websites of the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). You would need your application number and PAN to check the status.
Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.
Schloss Bangalore Ltd IPO Offer Registrar
The registrar for the Schloss Bangalore Limited IPO is KFin Technologies Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
KFin Technologies Limited Selenium,
Tower-B, Plot No. 31 and 32
Financial District Nanakramguda, Serilingampally
Hyderabad 500 032 Telangana, India
Tel: +91 40 6716 2222
E-mail: [email protected]
Website: www.kfintech.com
Schloss Bangalore IPO – FAQs
The allotment date of the Schloss Bangalore is May 29, 2025.
The price band of the issue is INR 413-435 per share.
The offer size of Schloss Bangalore Limited is INR 3,500 crores, consisting of a fresh issue of 5.75 crore shares worth INR 2,500 crores and an offer to sell 2.30 crore shares worth INR 1,000 crores. The company aims to repay or prepay certain outstanding borrowings availed by the company and its subsidiaries and fund general corporate purposes.
The listing date of the Schloss Bangalore is Jun 2, 2025.
Schloss Bangalore is getting listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
The open and close dates of Schloss Bangalore Limited are May 26, 2025 and May 28, 2025.
To apply for the Schloss Bangalore Limited IPO through Alice Blue, open a Demat and trading account, check IPO details, place your bid within the price band, submit the application, and check allotment status. Allotment depends on demand, and shares are not guaranteed.
The Book Runners for the Schloss Bangalore are JM Financial Limited, Bofa Securities India Limited, Morgan Stanley India Company Pvt Ltd, J.P. Morgan India Private Limited, Kotak Mahindra Capital Company Limited, Axis Capital Limited, Citigroup Global Markets India Private Limited, Iifl Securities Ltd, Motilal Oswal Investment Advisors Limited, and SBI Capital Markets Limited.