The luxury hospitality brand "The Leela" is making headlines with its upcoming Leela Hotels IPO, scheduled to open on May 26, 2025. Backed by Brookfield and operated by Schloss Bangalore, the IPO has generated significant market interest as it gears up for a listing on the Indian stock exchanges.
Market Performance Snapshot
The Leela Hotels IPO is already creating a buzz in the grey market. Currently, the shares are trading at a premium of ₹18, reflecting positive investor sentiment even before the official listing on BSE and NSE, tentatively set for June 2, 2025.
Leela Hotels IPO: Important Dates and Pricing
The IPO will be open for public subscription for three days:
- Opens: May 26, 2025
- Closes: May 28, 2025
- Allotment Finalization: May 29, 2025
- Listing Date: June 2, 2025 (tentative)
Price Band and Lot Size
- Price Band: ₹413 to ₹435 per share
- Lot Size: 34 shares per lot
- Minimum Investment (Retail): ₹14,042
Offer Structure and Issue Size
Planned initially at ₹5,000 crore, the Leela Hotels IPO has been scaled down by 30%. The new total issue size stands at ₹3,500 crore, comprising both fresh issuance and offer for sale.
IPO Breakdown:
- Fresh Issue: 5.75 crore shares worth ₹2,500 crore
- Offer for Sale: 2.30 crore shares worth ₹1,000 crore
Investor Allocation:
- Qualified Institutional Buyers (QIBs): 75%
- Of which ₹1,575 crore is reserved for anchor investors
- Non-Institutional Investors (NIIs): 15%
- Retail Investors: 10%
Company Overview: Leela Hotels at a Glance
- Operator: Schloss Bangalore
- Brand: The Leela Palaces, Hotels, and Resorts
- Established: 2019
- Portfolio: 12 luxury properties
- Room Count: 3,382 rooms across India
By room capacity, the company has quickly become a major player in India's luxury hospitality sector.
Company Promoters
The promoters of Schloss Bangalore include:
- Project Ballet Bangalore Holdings (DIFC) Pvt Ltd
- BSREP III Joy (Two) Holdings (DIFC) Ltd
- BSREP III Tadoba Holdings (DIFC) Pvt Ltd
- Project Ballet Chennai Holdings (DIFC) Pvt Ltd
- Project Ballet Gandhinagar Holdings (DIFC) Pvt Ltd
- Project Ballet HMA Holdings (DIFC) Pvt Ltd
- Project Ballet Udaipur Holdings (DIFC) Pvt Ltd
IPO Lead Managers and Registrar
The Leela Hotels IPO is backed by a strong consortium of book-running lead managers, including:
- JM Financial
- Morgan Stanley
- J.P. Morgan
- Kotak Mahindra Capital
- Bofa Securities
- Axis Capital
- Citigroup
- IIFL Securities
- Motilal Oswal
- SBI Capital Markets
Summary
The Leela Hotels IPO brings a premium luxury brand into the spotlight, backed by strong institutional interest and robust fundamentals. With a revised issue size of ₹3,500 crore, strategic investor allocation, and a strong management team, the IPO is poised to be one of the most watched public listings in 2025.
Stay tuned as the subscription window opens on May 26, and the brand charts its next growth phase on India's stock exchanges.
Easy & quick
Leave A Comment?