Schloss Bangalore IPO Review

Schloss Bangalore own, operate, manage and develop luxury hotels and resorts under “The Leela” brand. The Leela brand was ranked as #1 among the world’s best hospitality brands in 2020 and 2021, and among the world’s top three hospitality brands in 2023 and 2024, by Travel + Leisure World’s Best Awards Surveys.

The Promoters of the Company, being, Project Ballet Bangalore Holdings (DIFC) Pvt Ltd, BSREP III Joy (Two) Holdings (DIFC) Limited, 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 and Project Ballet Udaipur Holdings (DIFC) Pvt Ltd.

The Revenues from operations for the period ended on Mar 31, 2025, Fiscals ended 2024, 2023 and 2022 were ₹ 14,065.56 Million, ₹ 12,265.00 Million, ₹ 9,032.67 Million and ₹ 4,159.49 Million respectively. The EBITDA for the period ended on Mar 31, 2025, Fiscals ended 2024, 2023 and 2022 were ₹ 7,001.68 Million, ₹ 6,000.26 Million, ₹ 4,236.29 Million, and ₹ 877.19 Million, respectively. The Profit after Tax for the period ended on Mar 31, 2025, Fiscals ended 2024, 2023 and 2022 were ₹ 476.58 Million, ₹ -21.27 Million, ₹ -616.79 Million, and ₹ -3,198.29 Million respectively. This indicates a steady growth in financial performance.

The Company Key Performance Indicates the pre-issue EPS of ₹ 1.97 and post-issue EPS of ₹ 1.43 for FY24. The pre-issue P/E ratio is 220.18x, while the post-issue P/E ratio is 304.82x against the Industry P/E ratio is 95.00x. The company's ROE for FY24 is 1.32% and RoNW is 1.32%. These metrics suggest that the IPO is fully priced.

The Grey Market Premium (GMP) of Schloss Bangalore showing listing gains of 0.00 %.Given the company's financial performance and the valuation of the IPO, we recommen Investors to Avoid to the Schloss Bangalore Limited IPO for Listing gain.

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About the Author
CA Abhay Kumar (Also known as  CA Abhay Varn) is a qualified Chartered Accountant by profession and cleared CA at age 21. He is a SEBI Registered Research Analyst with Registration Number - INH300008465. He Possesses 8+ years of experience in the Stock Market Field and has also worked in Big CA firms.