Schloss Bangalore (Leela Hotels) came to market through an IPO that opened on 26 May 2025 and closed on 28 May 2025, and the shares listed on 2 June 2025 on BSE, NSE. The price band was ₹413 to ₹435 per share and one lot was 34 shares, so the minimum application was ₹14,790. The issue size was ₹3500 crore. It combined a fresh issue of new shares with an offer for sale by existing shareholders.
Kfin Technologies Limited was the registrar to the issue, and 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, SBI Capital Markets Limited were the lead managers.
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Schloss Bangalore is the country’s first and only luxury hospitality company run by an institution. Through the The Leela brand, the company runs and develops a range of luxury hotels and resorts all across the country. The Leela Palaces, Hotels and Resorts was founded by Captain C.P. Krishnan Nair in 1986 and has now come to symbolize the best in Indian hospitality, fine service, and beautiful architecture.
The brand placed at the #1 spot for hospitality in India for the years 2020 and 2021, while being ranked #3 in 2024 by Travel + Leisure. By 31st May 2024, The Leela runs 12 hotels with 3,382 rooms, representing almost 18% of all keys in luxury hotels in India. The company owns five world-famous, modern palaces in India, all of which merge traditional Indian architecture with modern luxury.
It pledges to provide unique and memorable experiences, tailored services, and a taste of genuine Indian hospitality. Since January, The Leela has received more than 250 awards, highlighting its leadership and impact in India’s luxury hospitality. All 2,578 permanent employees at the company are dedicated to ensuring excellence in all their properties. Looking to the future, Schloss Bangalore has set out a bold plan for growth.
The company is aiming to have eight new properties up and running by 2028, focusing mainly on wildlife and heritage tourism, both becoming popular choices for Indian and overseas visitors. Due to its strong brand and visionary leadership, Schloss Bangalore is set to play a key role in the development of luxury hospitality in India.
As described in the offer document.
| Metric | 31-Mar-25 | 31-Mar-24 | 31-Mar-23 | 31-Mar-22 |
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Schloss Bangalore raises Rs 1,575 crore through anchor book. Global marquee investors who became shareholders in the firm were WF Asian Reconnaissance Fund, Government Pension Fund Global, CLSA Global, Eastspring Investments, Citigroup Global, Societe Generale, Integrated Core Strategies, Fidelity, and Goldman Sachs, Tocu Europe, Hudson Bay Master Fund, and Moran Stanley.
Domestic institutional investors such as HDFC Mutual Fund, ICICI Prudential MF, Nippon Life India, WhiteOal Capital, 360 ONE Special Opportunities Fund, Invesco, Axis Max Life Insurance, Baroda BNP Paribas MF, Aditya Birla Sun Life Insurance, JM Financial MF, Mirae Asset, and SBI General Insurance Company invested in Schloss Bangalore which has 13 luxury hotels with 3,553 keys in India.
Pvt Ltd.
Work out the listing gain for this IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Schloss Bangalore (Leela Hotels) IPO was a ₹3,500 crore book-built issue, comprising a fresh issue of ₹2,500 crore and an offer for sale of ₹1,000 crore. It was priced at ₹413–₹435 per share with a lot size of 34 shares (₹14,790). The IPO was open from May 26 to May 28, 2025. Shares listed on BSE and NSE on June 2, 2025 at ₹406, a 6.7% discount to the issue price of ₹435. Kfin Technologies Limited is the registrar.
Jm Financial Limited and 9 other book running lead managers manage the issue.
The price band of Schloss Bangalore (Leela Hotels) IPO is ₹413 to ₹435 per share.
The lot size of Schloss Bangalore (Leela Hotels) IPO is 34 shares.
The minimum investment for Schloss Bangalore (Leela Hotels) IPO is approximately ₹14,790 based on the upper price band.
The allotment date of Schloss Bangalore (Leela Hotels) IPO is May 29, 2025.
Schloss Bangalore (Leela Hotels) IPO's final recorded GMP before listing was ₹2 per share (level with the ₹435 upper price band). The shares listed at ₹406. GMP is unofficial and does not forecast or guarantee the actual listing price.
Schloss Bangalore (Leela Hotels) IPO listed on Jun 2, 2025. It was issued at ₹406.0(NSE) and is currently around ₹634.50 as on 30-Oct-2026 3:30 PM, which is approximately 45.9% versus issue price. The 52-week high is ₹650.40.
You can check Schloss Bangalore (Leela Hotels) IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Schloss Bangalore (Leela Hotels) IPO allotment status on Rupix for quick and easy access.
₹413 to ₹435 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 34 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹14,790.
₹14,790, for one lot of 34 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 26 May 2025 and closed on 28 May 2025.
The basis of allotment was published on 29 May 2025 by Kfin Technologies Limited, and allotted shares were credited to demat accounts before listing.
The shares listed on 2 June 2025 on BSE, NSE.
The issue size was ₹3500 crore. The fresh issue was 5,74,71,264 shares (aggregating up to ₹2500 crore). The offer for sale was 2,29,88,505 shares (aggregating up to ₹1000 crore).