Schloss Bangalore Limited IPO

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The Leela is a leading luxury hospitality company in India, known for owning, operating, managing, and developing premium hotels and resorts under “The Leela” brand. The brand has been a symbol of Indian luxury and personalized service for nearly four decades.

Operational Scale and Footprint

i. Total Keys (Rooms): 3,553 across 13 operational hotels.
ii. Geographic Presence: Spread across 10 key Indian cities, covering:-
a. 80% of international air traffic                  b. 59% of domestic air traffic.
iii. Market Penetration:-
a. Present in all top 7 business cities.           b. In 3 out of top 5 leisure markets.
c. Accounts for ~18% of luxury keys in its active markets.

Brands: The portfolio includes:

i. The Leela Palaces
ii. The Leela Hotels
iii. The Leela Resorts

The Leela Hotels is a distinguished player in India’s luxury hospitality market, with a strong brand legacy, a growing footprint in top-tier locations, and a guest-centric approach that consistently earns industry-leading satisfaction scores. Their blend of heritage, service excellence, and strategic positioning underpins their aspiration to be India’s most respected and globally admired luxury hotel brand.

Objects of the Schloss Bangalore Limited IPO:

IPO proposes to utilise the Net Proceeds from the Issue towards the following objects: i. 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. ii. General corporate purposes. Total number of share issue :- i. Fresh issue is 5,74,71,264 shares. ii. Offer for sale is 2,29,88,505 shares.

Schloss Bangalore Limited IPO Details:

Open Date: May 26 2025
Close Date: May 28 2025
Total Shares: 8,04,59,769
Face Value: ₹ 10 Per Equity Share
Issue Size: 3,500.00 Cr.
Lot Size: 34 Shares
Issue Price: ₹ 413 - 435 Per Equity Share
Listing At: NSE,BSE
Listing Date: Jun 02 2025

Promoters And Management:

Deepak Parekh, Chairman and Independent Director, is a Chartered Accountant (England & Wales) with over 46 years of experience in banking and financial services. He has served on multiple boards and is a recipient of prestigious awards including the Padma Bhushan, Legion of Honour (France), and Germany’s Cross of Merit. Anuraag Bhatnagar, Whole-time Director and CEO, holds a B.Com from the University of Delhi and a diploma in hotel management. With over 29 years of hospitality experience, he has completed leadership programs from IIM Bangalore and UNC Chapel Hill. He was previously associated with Marriott and EIH Limited. Ankur Gupta, Non-Executive Director, holds a B.Tech from IIT Bombay and an MBA from Columbia University. With over 12 years of real estate experience, he is Managing Partner and Head of Asia Pacific & Middle East for Brookfield’s real estate business, and Country Head for Brookfield India. He joined Brookfield in 2012.

Financials of Schloss Bangalore Limited IPO:

To be updated shortly.

Comparison With Peers:

To be updated shortly.

Recommendation on Schloss Bangalore Limited IPO:

To be updated shortly.

Registrar of Schloss Bangalore Limited IPO:

  1. Kfin Technology Private Limited

Company Address:

Schloss Bangalore Limited The Leela Palace, Diplomatic Enclave, Africa Avenue, Netaji Nagar Phone: +91 22 6901 5454 Email: cs@theleela.com Website: http://www.theleela.com/

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