Leela Hotels IPO is a significant public issue amounting to ₹3,500 crore, comprising a fresh issue of 5.75 crore equity shares aggregating ₹2,500 crore and an offer for sale of 2.30 crore shares aggregating ₹1,000 crore. The IPO opens for subscription on May 26, 2025, and closes on May 28, 2025.

Issue Price and Lot Size

The IPO price band is fixed between ₹413 to ₹435 per share. Investors must apply for a minimum of 34 shares per lot, which translates to a minimum retail investment of approximately ₹14,042 at the lower price band. It is recommended for investors to bid at the cutoff price of ₹435 to avoid issues in case of oversubscription, where the investment would be approximately ₹14,790.

For non-institutional investors, the minimum bid size is 14 lots (476 shares) amounting to about ₹2,07,060, while for Qualified Institutional Buyers (QIBs) it is 68 lots (2,312 shares) amounting to approximately ₹10,05,720.

Lead Managers and Registrar

The issue is managed by several leading investment banks:

• JM Financial Limited

• Bofa Securities India Limited

• Morgan Stanley India Company Pvt Ltd

• J.P. Morgan India Private Limited

• Kotak Mahindra Capital Company Limited

• Axis Capital Limited

• Citigroup Global Markets India Private Limited

• IIFL Securities Ltd

• Motilal Oswal Investment Advisors Limited

• SBI Capital Markets Limited

Kfin Technologies Limited is the registrar for the issue.

Company Overview

Schloss Bangalore Limited, operating as The Leela Hotels, is a luxury hospitality company established on March 20, 2019. The company owns, manages, and develops luxury hotels and resorts across India. It is renowned for providing premier accommodations combined with personalised Indian hospitality.

As of May 31, 2024, Schloss Bangalore Limited is one of India’s largest luxury hotel operators by number of keys, with a portfolio of 12 operational hotels comprising 3,382 keys. The portfolio features The Leela Palaces, The Leela Hotels, and The Leela Resorts.

Portfolio and Operations

The company operates through a mix of direct ownership and hotel management agreements with third-party owners. The owned portfolio includes five landmark hotels with 1,216 keys located in major business and leisure destinations such as:

• Bengaluru

• Chennai

• New Delhi

• Jaipur

• Udaipur

These hotels are celebrated as modern palaces, blending traditional Indian architecture with contemporary luxury to deliver an exclusive guest experience.

IPO Timeline and Listing

• IPO Subscription Period: May 26 to May 28, 2025

• Allotment Finalization: May 29, 2025

• Tentative Listing Date: June 2, 2025 on BSE and NSE

Investment Considerations

Leela Hotels’ IPO offers investors an opportunity to participate in one of India’s leading luxury hospitality brands. The company’s strong brand recognition, large portfolio, and strategic locations offer growth potential in the premium hospitality segment. However, investors should assess valuation, industry cyclicality, and competition before investing.

The Upcoming IPOs in this week and coming weeks are Aegis Vopak Terminals, Schloss Bangalore, Astonea Labs, Nikita Papers, Prostarm Info Systems, Victory Electric Vehicles International, Blue Water Logistics, Unified Data - Tech Solutions, Wagons Learning.

The Current active IPO are Dar Credit and Capital, Belrise Industries, Borana Weaves.