Latest IPO in India: Schloss Bangalore Ltd’s Powerful ₹3,500 Cr Debut Attracts Huge Interest
The latest IPO in India comes from Schloss Bangalore Ltd, the luxury hotel operator behind The Leela brand. Backed by Brookfield, the company has launched a ₹3,500 crore IPO from May 26–28, 2025, drawing heavy attention from anchor investors and retail participants alike.
Company Overview
Schloss Bangalore Ltd is a premium hospitality company operating 13 hotels under The Leela brand across India. With strong backing from Brookfield Asset Management, the firm plans to expand into new markets like Agra, Ayodhya, and Ranthambore with a ₹1,131 crore investment.
IPO Timeline
- IPO Open: May 26, 2025
- IPO Close: May 28, 2025
- Allotment Date: May 29, 2025
- Listing Date: June 2, 2025
- Exchanges: BSE & NSE
IPO Price Band
The IPO price band is ₹413–₹435 per equity share. This values the company at around ₹14,500 crore at the upper range.
Lot Size
The minimum application is for 34 shares per lot, translating to ₹14,790 at the top price.
Key Dates
- Anchor Investor Bidding: May 23, 2025
- IPO Subscription: May 26–28, 2025
- Allotment: May 29, 2025
- Listing: June 2, 2025
Financials
EBITDA rose sharply from ₹87.72 crore in FY22 to ₹600.03 crore in FY24. The firm turned profitable in FY24 while reducing net debt by 32% to ₹25.68 billion.
Strengths
- Strong brand equity with The Leela name
- Expansion into high-demand tourist regions
- Strong institutional backing from Brookfield
- Improved financial metrics and profitability
Risks
- High sensitivity to market and economic cycles
- Fierce competition in luxury hospitality
- Operational complexity across diverse locations
IPO Anchor Investors Details
| Investor Type | Number of Shares Allocated | Investment Amount (₹ Crore) |
|---|---|---|
| Domestic Mutual Funds | 1.42 crore | Not specified |
| Global Financial Institutions | Not specified | Not specified |
| Total | 3.62 crore | 1,575 |
IPO Promoter Holding Details
| Promoter Entity | Pre-Issue Holding (%) | Post-Issue Holding (%) |
|---|---|---|
| Project Ballet Bangalore Holdings (DIFC) Pvt Ltd | Not specified | Not specified |
| BSREP III Joy (Two) Holdings (DIFC) Limited | Not specified | Not specified |
| BSREP III Tadoba Holdings (DIFC) Pvt Ltd | Not specified | Not specified |
| Project Ballet Udaipur Holdings (DIFC) Pvt Ltd | Not specified | Not specified |
| Project Ballet Gandhinagar Holdings (DIFC) Pvt Ltd | Not specified | Not specified |
IPO Grey Market Premium (GMP)
| Date | GMP (₹) | Estimated Listing Price (₹) |
|---|---|---|
| May 21, 2025 | 21 | 456 |
| May 22, 2025 | 12 | 447 |
| May 23, 2025 | 18 | 453 |
Note: GMP figures are indicative and fluctuate with market sentiment.
Final Thoughts
Schloss Bangalore Ltd’s IPO appears promising given its luxury positioning, improved financials, and strong institutional support. Investors should, however, weigh the risks associated with economic cycles and sector competition before subscribing.