Leela Hotels IPO to Open on May 26: Price Band, Timelines, and GMP

Leela Hotels IPO to Open on May 26: Price Band, Timelines, and GMP. The Leela Hotels IPO to Open on May 26 has drawn attention from investors across the country, with Schloss Bangalore Limited, the company behind The Leela Hotels and Resorts, set to go public. Backed by Brookfield, this luxury hospitality brand is one of India’s prominent names in the sector. The upcoming IPO is a significant step towards expanding its capital base, strengthening its operations, and reducing debt burdens. Here’s everything you need to know about the Leela Hotels IPO in a detailed format.
IPO Launch Date and Schedule
The Leela Hotels IPO to Open on May 26, 2025, will remain open for public subscription until May 28, 2025. This three-day window is crucial for all categories of investors including Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), and Retail Investors. The company has planned a strategic timeline for allotment and listing. The share allotment is expected to be finalized by May 29, 2025, and the listing of Leela Hotels on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) is tentatively scheduled for June 2, 2025.
IPO Size and Breakdown
The total issue size of the Leela Hotels IPO is set at Rs.3,500 crore, which marks a revision from the earlier proposed amount of Rs.5,000 crore. The revised figure is structured into two components: a fresh issue of shares worth Rs.2,500 crore and an Offer for Sale (OFS) amounting to Rs.1,000 crore. The fresh issue proceeds will be directly infused into the business for specific purposes, while the OFS enables existing shareholders to partially exit or monetize their investments.
Price Band and Minimum Lot Size
The price band for the Leela Hotels IPO has been fixed between Rs.413 and Rs.435 per equity share. Investors can bid within this range as per their preference. The minimum lot size for retail investors is 34 shares, making it accessible to a wide pool of retail participants. This means an investor needs a minimum of Rs.14,042 to apply for one lot at the lower end of the price band. At the higher end, one lot will cost Rs.14,790. The maximum investment allowed for a retail investor is up to 13 lots.
Grey Market Premium (GMP)
As of May 21, 2025, the Grey Market Premium (GMP) for the Leela Hotels IPO is observed at Rs.18 per share. This indicates a positive sentiment in the unofficial market. However, it is essential to note that GMP is not an official price and is purely based on market speculation. The GMP provides a glimpse into investor expectations but should not be the sole basis for investment decisions. Investors are advised to conduct their own due diligence before participating in the IPO.
Issue Allocation Structure
The Leela Hotels IPO follows a book-building process with a predefined allocation quota for different investor categories. A significant 75% of the total issue is reserved for Qualified Institutional Buyers (QIBs). Among the QIBs, up to 60% of their portion, amounting to Rs.1,575 crore, is earmarked specifically for anchor investors who bring in credibility and early confidence to the offering. The remaining 25% of the IPO is divided between Non-Institutional Investors (NIIs) and Retail Investors. NIIs will receive 15% of the issue, while 10% is reserved for retail investors.
Lead Managers and Registrar
The Leela Hotels IPO is managed by a consortium of well-known investment banks and financial institutions. The Book Running Lead Managers (BRLMs) for this issue include 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, and SBI Capital Markets Limited. Kfin Technologies Limited has been appointed as the official registrar for the issue, handling all investor-related services such as allotment, refunds, and support.
Company Background and Business Operations
Schloss Bangalore Limited, incorporated in 2019, operates under the well-established "The Leela" brand, which is synonymous with luxury in the Indian hospitality industry. As of May 2024, the company has a portfolio of 12 operational hotels comprising 3,382 keys. These properties operate under three brand verticals: The Leela Palaces, The Leela Hotels, and The Leela Resorts. The business model adopted by the company includes a mix of direct ownership and hotel management agreements with third-party property owners, allowing for scalability and risk distribution.
The brand is widely regarded for its architectural excellence, premium locations, and top-tier services. Their properties cater to both business and leisure travelers and are located in key cities and resort destinations across India.
Use of IPO Proceeds
The proceeds from the fresh issue component of the Leela Hotels IPO, amounting to Rs.2,500 crore, will be used for specific financial and strategic purposes. A substantial portion of the funds will go towards the repayment, prepayment, or redemption of certain outstanding borrowings. These borrowings are not only on the books of Schloss Bangalore Limited but also include loans of its subsidiaries such as Schloss Chanakya, Schloss Chennai, and Schloss Udaipur. By reducing its debt levels, the company aims to improve its balance sheet and financial sustainability.
In addition to debt reduction, the funds will also be utilized for general corporate purposes, which may include operational expansion, brand promotion, or technological enhancements, depending on the management’s future plans.
Promoters and Ownership Structure
The promoters of Schloss Bangalore Limited include Project Ballet Bangalore Holdings (DIFC) Pvt Ltd and other related DIFC-based entities. These promoters bring financial strength and international operational expertise to the business. Brookfield, one of the major backers, is a globally recognized asset manager known for investing in high-potential infrastructure and real estate ventures. Their continued support signals confidence in the company’s growth potential and adds credibility to the IPO.
Conclusion
With the Leela Hotels IPO to Open on May 26, this public issue is set to offer investors an opportunity to be part of one of India’s premium hospitality brands. From its robust business model and strong brand presence to the credibility of its promoters and efficient fund utilization plan, the IPO presents a well-rounded investment proposition.
However, investors must be mindful of the risks associated with the hospitality sector, including seasonality, competition, and macroeconomic factors. The Grey Market Premium, while positive, should not be used as a sole indicator of potential success. Prospective investors are encouraged to read the Red Herring Prospectus and consult with their financial advisors before making any investment. The Leela Hotels IPO to Open on May 26 could be a landmark moment for Schloss Bangalore Limited, positioning it to further strengthen its footprint in the luxury hospitality segment in India.
For more details or a free consultation, visit Compliance Calendar LLP official website and connect with their expert advisors.
Email: info@ccoffice.in
Call/Whatsapp: +91 9988424211

The Leela Hotels IPO to Open on May 26 has drawn attention from investors across the country, with Schloss Bangalore Limited, the company behind The Leela Hotels and Resorts, set to go public. Backed by Brookfield, this luxury hospitality brand is one of India’s prominent names in the sector. The upcoming IPO is a significant step towards expanding its capital base, strengthening its operations, and reducing debt burdens. Here’s everything you need to know about the Leela Hotels IPO in a detailed format.

IPO Launch Date and Schedule

The Leela Hotels IPO to Open on May 26, 2025, will remain open for public subscription until May 28, 2025. This three-day window is crucial for all categories of investors including Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), and Retail Investors. The company has planned a strategic timeline for allotment and listing. The share allotment is expected to be finalized by May 29, 2025, and the listing of Leela Hotels on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) is tentatively scheduled for June 2, 2025.

IPO Size and Breakdown

The total issue size of the Leela Hotels IPO is set at Rs.3,500 crore, which marks a revision from the earlier proposed amount of Rs.5,000 crore. The revised figure is structured into two components: a fresh issue of shares worth Rs.2,500 crore and an Offer for Sale (OFS) amounting to Rs.1,000 crore. The fresh issue proceeds will be directly infused into the business for specific purposes, while the OFS enables existing shareholders to partially exit or monetize their investments.

Price Band and Minimum Lot Size

The price band for the Leela Hotels IPO has been fixed between Rs.413 and Rs.435 per equity share. Investors can bid within this range as per their preference. The minimum lot size for retail investors is 34 shares, making it accessible to a wide pool of retail participants. This means an investor needs a minimum of Rs.14,042 to apply for one lot at the lower end of the price band. At the higher end, one lot will cost Rs.14,790. The maximum investment allowed for a retail investor is up to 13 lots.

Grey Market Premium (GMP)

As of May 21, 2025, the Grey Market Premium (GMP) for the Leela Hotels IPO is observed at Rs.18 per share. This indicates a positive sentiment in the unofficial market. However, it is essential to note that GMP is not an official price and is purely based on market speculation. The GMP provides a glimpse into investor expectations but should not be the sole basis for investment decisions. Investors are advised to conduct their own due diligence before participating in the IPO.

Issue Allocation Structure

The Leela Hotels IPO follows a book-building process with a predefined allocation quota for different investor categories. A significant 75% of the total issue is reserved for Qualified Institutional Buyers (QIBs). Among the QIBs, up to 60% of their portion, amounting to Rs.1,575 crore, is earmarked specifically for anchor investors who bring in credibility and early confidence to the offering. The remaining 25% of the IPO is divided between Non-Institutional Investors (NIIs) and Retail Investors. NIIs will receive 15% of the issue, while 10% is reserved for retail investors.

Lead Managers and Registrar

The Leela Hotels IPO is managed by a consortium of well-known investment banks and financial institutions. The Book Running Lead Managers (BRLMs) for this issue include 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, and SBI Capital Markets Limited. Kfin Technologies Limited has been appointed as the official registrar for the issue, handling all investor-related services such as allotment, refunds, and support.

Company Background and Business Operations

Schloss Bangalore Limited, incorporated in 2019, operates under the well-established "The Leela" brand, which is synonymous with luxury in the Indian hospitality industry. As of May 2024, the company has a portfolio of 12 operational hotels comprising 3,382 keys. These properties operate under three brand verticals: The Leela Palaces, The Leela Hotels, and The Leela Resorts. The business model adopted by the company includes a mix of direct ownership and hotel management agreements with third-party property owners, allowing for scalability and risk distribution.

The brand is widely regarded for its architectural excellence, premium locations, and top-tier services. Their properties cater to both business and leisure travelers and are located in key cities and resort destinations across India.

Use of IPO Proceeds

The proceeds from the fresh issue component of the Leela Hotels IPO, amounting to Rs.2,500 crore, will be used for specific financial and strategic purposes. A substantial portion of the funds will go towards the repayment, prepayment, or redemption of certain outstanding borrowings. These borrowings are not only on the books of Schloss Bangalore Limited but also include loans of its subsidiaries such as Schloss Chanakya, Schloss Chennai, and Schloss Udaipur. By reducing its debt levels, the company aims to improve its balance sheet and financial sustainability.

In addition to debt reduction, the funds will also be utilized for general corporate purposes, which may include operational expansion, brand promotion, or technological enhancements, depending on the management’s future plans.

Promoters and Ownership Structure

The promoters of Schloss Bangalore Limited include Project Ballet Bangalore Holdings (DIFC) Pvt Ltd and other related DIFC-based entities. These promoters bring financial strength and international operational expertise to the business. Brookfield, one of the major backers, is a globally recognized asset manager known for investing in high-potential infrastructure and real estate ventures. Their continued support signals confidence in the company’s growth potential and adds credibility to the IPO.

Conclusion

With the Leela Hotels IPO to Open on May 26, this public issue is set to offer investors an opportunity to be part of one of India’s premium hospitality brands. From its robust business model and strong brand presence to the credibility of its promoters and efficient fund utilization plan, the IPO presents a well-rounded investment proposition.

However, investors must be mindful of the risks associated with the hospitality sector, including seasonality, competition, and macroeconomic factors. The Grey Market Premium, while positive, should not be used as a sole indicator of potential success. Prospective investors are encouraged to read the Red Herring Prospectus and consult with their financial advisors before making any investment. The Leela Hotels IPO to Open on May 26 could be a landmark moment for Schloss Bangalore Limited, positioning it to further strengthen its footprint in the luxury hospitality segment in India.

For more details or a free consultation, visit Compliance Calendar LLP official website and connect with their expert advisors.

Email: info@ccoffice.in

Call/Whatsapp: +91 9988424211