Schloss Bangalore Limited (The Leela Palace) – Globe Capital Market LTD.
Schloss Bangalore Limited (The Leela Palace)
Closed
Price Band
₹413 to ₹435 per share
IPO Issue Period
May 26, 2025 to May 28, 2025
Issue Size
₹3,500.00 Cr
Face value
₹10 per share
Fresh issue
₹2,500.00 Cr
Offer for sale
₹1,000.00 Cr
Minimum Shares for Retail
34 Shares
Listing on
BSE, NSE
Issue Type
Book Built Issue IPO
Registrar to the Issue
Kfin Technologies Limited
Tentative Listing Date
Mon, Jun 2, 2025
QIB
75%
NII
15%
Retail
10%

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Schloss Bangalore Limited, established on March 20, 2019, is a luxury hospitality company operating under “The Leela” brand in India. It owns, operates, manages, and develops luxury hotels and resorts, offering premier accommodations and personalised services inspired by Indian hospitality.

As of May 31, 2024, Schloss Bangalore Limited is one of India’s largest luxury hospitality companies by number of keys, with a portfolio of 12 operational hotels comprising 3,382 keys. The portfolio includes The Leela Palaces, The Leela Hotels, and The Leela Resorts. The company operates through direct ownership and hotel management agreements with third-party owners. The owned portfolio comprises five landmark hotels with 1,216 keys across key business and leisure destinations: Bengaluru, Chennai, New Delhi, Jaipur, and Udaipur. These hotels, renowned as modern palaces, blend traditional Indian architecture with contemporary luxury. Schloss Bangalore Limited is promoted by private equity funds managed and advised by affiliates of Brookfield, one of the world’s largest alternative asset managers.

For the year/period ended (Rs. in Cr.)

FY25 FY24 FY23
Total Revenue 1,406.56 1,226.50 903.27
Profit After Tax 47.66 -2.13 -61.68
EPS 1.97 (0.12) (3.50)
OPM (%) 36.77% 36.85% 38.44%
PATM (%) 3.39% (0.17%) (6.83%)

 

For year/ period ended ( in Cr.)

Company Name Market Cap (Cr.) Price P/BV P/E Sales (Cr.)
FY24
Net Profits(Cr.)
FY24
Schloss Bangalore Limited *10155.36 435 2.92 220 1,406.56 47.66
Chalet Hotels Ltd. 19,457.66 890.55 6.39 136.48 1,717.83 142.49
EIH Associated Hotels Ltd. 2,348.79 385.45 4.79 28.51 384.79 81.03
Juniper Hotels Ltd. 6,701.77 301.2 2.51 106.23 817.66 23.8

*Market cap @upper band

 

  • Leading Luxury Hospitality Brand with Rich Heritage and Global Appeal
  • Marquee Owned Hotels in Markets with High Barriers to Entry
  • Comprehensive Luxury Ecosystem Resulting in Diversified Revenue Sources
  • Track Record of Driving Operational Efficiency by its Active Asset Management Approach – The Company delivered an industry leading EBITDA margin of 48.92% for our Portfolio, compared to the EBITDA margin for listed peers ranging from 33.66% to 45.60% for the Financial Year 2024.
  • Sponsorship by Brookfield – A Leading Global Investor with Deep Local Expertise.
  • 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

At the upper band of IPO Rs. 435, the stock is valued at 220 times. Hence, Well-informed investors subscribe for long term.

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