Schloss Bangalore the company that operates The Leela Palace Hotels and Resorts in India is all set to launch its IPO. The company has filed their red herring prospectus with the Registrar of Companies on May 20, 2025.
As per the filling the IPO is planned to open on May 23 for anchor book investors (mutual funds, insurance companies and private investors) and on May 26 for the public. The public can apply for the shares from May 26 to May 28.
The total size of the IPO is Rs 3,500 crore. In which Rs 2,500 crore will be fresh issue and Rs 1,000 crore will be offer-for-sale by the current owner Project Ballet Bangalore Holdings (DIFC).
Interestingly, this IPO is smaller than what the company originally planned. In the draft version of the document filed earlier, the total size was expected to be Rs 5,000 crore. That included Rs 3,000 crore of new shares and Rs 2,000 crore in shares sold by the promoter. Now, both parts have been reduced by Rs 500 crore and Rs 1,000 crore, respectively.
The reason behind this change could be market conditions or the company’s funding needs. Companies often adjust their IPO size based on investor interest, business plans, or feedback from bankers.
About The Leela Palace
The Leela Palace is managed by Schloss Bangalore in India and is famous for serving fine dining, luxury stay, and top-quality services. The company has various properties located in all the major cities across India.
The company plans to use the IPO money to expand the hotel network, upgrade existing properties, and pay off some debt. Many investors will find this IPO interesting because the travel and tourism sector is picking up again.
After facing a slowdown during the pandemic, people have now started travelling again both for work and holidays. Even the hotels are seeing higher bookings, and room rates are improving too. A strong hotel brand like The Leela can benefit from this trend.
However, like all investments, IPOs come with some risks. The hotel industry also depends on various factors like the economy, tourism, and competition. If travel demand falls or costs go up, profits can be affected. So, investors should read the IPO documents carefully and understand the company’s business before investing.
Overall, the Schloss Bangalore IPO could mark the start of a new phase for The Leela Hotels. It gives the public a chance to be part of a well-known brand. At the same time, it helps the company raise funds for future growth.
| Particulars | Details |
|---|---|
| Company Name | Schloss Bangalore |
| Brand Owned | The Leela Palaces, Hotels, and Resorts |
| Document Filed | Red Herring Prospectus |
| Filing Date | May 20 |
| IPO Opening Date (Public) | May 26 |
| IPO Closing Date (Public) | May 28 |
| Anchor Investor Day | May 23 (One-day window for institutional investors) |
| Share Allotment Finalization | May 29 |
| Expected Listing Date | June 2 |
| Total IPO Size | ₹3,500 crore |
| Fresh Issue (New Shares) | ₹2,500 crore |
| Offer-for-Sale (Promoter’s Shares) | ₹1,000 crore (by Project Ballet Bangalore Holdings) |
| Earlier Planned IPO Size | ₹5,000 crore (Fresh Issue: ₹3,000 Cr, OFS: ₹2,000 Cr) |
| Sector | Luxury Hotels & Hospitality |
| Use of Funds | Expansion, renovations, debt repayment |
| Prominent Brand Presence | Leela Hotels in major Indian cities and resorts |
| Investor Opportunity | Entry into luxury hospitality with growth potential |
