IPO - Check IPO Date, Price, Lot Size

Leela Palaces Hotels & Resorts Ltd IPO

We own, operate, manage and develop luxury hotels and resorts under The Leela brand. Our Portfolio includes The Leela Palaces, The Leela Hotels and The Leela Resorts. We undertake our business primarily through direct ownership of hotels and hotel management agreements with third-party hotel owners. As of March 31, 2025, our Portfolio comprises 3,553 keys across 13 operational hotels, comprising of five owned hotels, seven hotels that are managed by us pursuant to hotel management agreements and one hotel which is owned and operated by a third-party owner under a franchise arrangement with us.

Leela Palaces Hotels & Resorts Ltd IPO Details

Total Shares Offered

₹ 8,04,59,770

Offer to Public

2,29,88,506

Retail Max (Shares)

₹ 80,45,977

Pre Issue Promoters Holding

₹ 27,64,86,614

Exchange

BSE

Issue size

₹ 3500 Cr

IPO Open Date

May 26, 2025

Close Date

May 28, 2025

Lot Size

Min Investment

₹ 14,042

Issue Type

Book Building

Listing Date

Jun 2, 2025

Leela Palaces Hotels & Resorts Ltd IPO Dates

May 26, 2025

Opening date

May 28, 2025

Closing date

May 29, 2025

Basis of Allotment

May 30, 2025

Initiation of Refunds

May 30, 2025

Credit of Shares

Jun 2, 2025

Listing date

Details

Sector	Type
Sector	Hotels
Sub Sector	NA
Issue Type	Book Building

Subscription Status

*Values are in Lakhs

Investor Type	Subscription Times	Shares Offered*	Shares Bid*
QIB	3.14x	60344827	189663322
NII	1.08x	12068966	12996908
Retail	0.87x	8045977	7013622
Employee	0x	0	0
Total	2.61x	80459770	209673852

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

3.14x

1.08x

0.87x

2.61x

60344827

12068966

8045977

80459770

189663322

12996908

7013622

209673852

Leela Palaces Hotels & Resorts Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	1,300.57	1,171.45	860.06
EBITDA	113.03	37.15	31.99
PAT	34.24	-12.85	-25.25
Total Assets	381.33	97.91	82.00
Share Capital	276.49	20.17	20.17
Total Borrowings	1,610.55	1,336.75	1,344.02
Operating Activities (Net Cash)	61.86	12.15	3.37
Investing Activities (Net Cash)	4,667.67	-23.44	-6.29
Financing Activities (Net Cash)	1,610.55	1,336.75	1,344.02
Net Cashflow	76.94	71.42	54.37

About Leela Palaces Hotels & Resorts Ltd

<span style=font-size: 13.3333px;>Schloss Bangalore Limited</span> was incorporated as Schloss Bangalore Private Limited on March 20, 2019, as a private limited company under the Companies Act 2013, at New Delhi, pursuant to a certificate of incorporation issued by the Registrar of Companies, Central Registration Centre, Manesar (RoC CRC). Upon the conversion of the Company to a public limited company, pursuant to a resolution passed by its Board on May 29, 2024 and a special resolution passed by its Shareholders on May 30, 2024, the name of the Company was changed to Schloss Bangalore Limited, and a fresh certificate of incorporation dated July 3, 2024 was issued by the RoC CPC.

The hospitality industry comprises luxury, premium (upper upscale and upscale), midscale and economy segments, which provide a wide range of offerings, services, and experiences. Luxury hospitality segment has larger room sizes, high-quality amenities with best-in-class services and are typically characterized by multiple banquets, restaurants and meeting rooms depending on the target segment and thus are able to command higher ARRs compared to other segments. The Indian hospitality sector is expected to deliver strong growth in the coming years as India's GDP is projected to nearly double from $3.6 trillion in 2023 to $6.8 trillion in 2030 and the demand for luxury rooms is estimated to grow at a CAGR of 10.6% over Financial Year 2024 to Financial Year 2028.

Peer Comparison:

Schloss Bangalore Ltd
Schloss Bangalore Ltd
The Indian Hotels Company Ltd
The Indian Hotels Company Ltd
EIH Limited
Chalet Hotels Limited
Juniper Hotels Limited
Ventive Hospitality Limited
ITC Hotels Limited

Leela Palaces Hotels & Resorts Ltd Key Points

Strengths

Leading Luxury Hospitality Brand with Rich Heritage and Global Appeal.

Marquee Owned Hotels in Markets with High Barriers to Entry.

Comprehensive Luxury Ecosystem Resulting in Diversified Revenue Sources.

Track Record of Driving Operational Efficiency by our Active Asset Management Approach.

Sponsorship by Brookfield - A Leading Global Investor with Deep Local Expertise.

Risk

Any deterioration in the quality or reputation of its The Leela brand could have an adverse effect on its business, financial condition and results of operations.

A significant portion of its total income is derived from the five hotels owned by it (aggregating to 93.46%, 93.77% and 91.13% of its total income for the Financial Year 2025, Financial Year 2024 and Financial Year 2023, respectively) and any adverse developments affecting such hotels or regions could have an adverse effect on its business, results of operations and financial condition.

The Company and certain of its Material Subsidiaries have incurred losses in the past during Financial Years 2024 and 2023 (Rs.(21.27) million for the Financial Year 2024 and Rs.(616.79) million for the Financial Year 2023 (on a consolidated and restated basis)), as well as during Financial Year 2025 for three of its Material Subsidiaries, and may experience losses in the future which could result in an adverse effect on its business, cash flows and financial condition.

Strategy

mprove same-store growth and profit margins through proactive asset management.

Expansion of its Portfolio through acquisitions and developments, including through identified assets.

Expand its footprint through new hotel management agreements.

Maintain a sustainable capital structure while pursuing organic and inorganic growth opportunities with prudent capital allocation.

Expand the reach of The Leela brand.

How To Apply for Leela Palaces Hotels & Resorts Ltd IPO Online?

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From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Leela Palaces Hotels & Resorts Ltd IPO?

Leela Palaces Hotels & Resorts Ltd's IPO offers shares for up to 2,500 It begins on May 26, 2025 and ends on May 28, 2025.

What is the price of the Leela Palaces Hotels & Resorts Ltd IPO?

The price of Leela Palaces Hotels & Resorts Ltd IPO ranges between ₹413 to ₹435 per share.

What are the open and close dates for the Leela Palaces Hotels & Resorts Ltd IPO?

The Leela Palaces Hotels & Resorts Ltd IPO opens on May 26, 2025 and closes on May 28, 2025.

When will the Leela Palaces Hotels & Resorts Ltd IPO be allotted?

The allotment for the Leela Palaces Hotels & Resorts Ltd IPO will be finalised on May 29, 2025. The shares will be listed on BSE and NSE on Jun 2, 2025.

What is the minimum lot size required for Leela Palaces Hotels & Resorts Ltd IPO?

The minimum lot size for Leela Palaces Hotels & Resorts Ltd IPO is 34 shares, priced between ₹413 to ₹435 per share.

What is the GMP of Leela Palaces Hotels & Resorts Ltd IPO?

The GMP (Grey Market Premium) of Leela Palaces Hotels & Resorts Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Leela Palaces Hotels & Resorts Ltd IPO?

To check the allotment status of Leela Palaces Hotels & Resorts Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Leela Palaces Hotels & Resorts Ltd IPO getting listed?

The Leela Palaces Hotels & Resorts Ltd IPO is getting listed on the BSE and NSE. Bidding opens on May 26, 2025, and closes on May 28, 2025. The allotment is finalised on May 29, 2025.

How do you apply for the Leela Palaces Hotels & Resorts Ltd IPO?

To apply for the Leela Palaces Hotels & Resorts Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.