Schloss Bangalore Ltd IPO
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Schloss Bangalore Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 804.6 L | ₹ 229.89 L | ₹ 80.46 L | ₹ 2,764.87 L | BSE | ₹ 3500 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 26 May, 25 | 28 May, 25 | 34 | ₹ 14,042 | Book Building | 02 Jun, 25 |
Schloss Bangalore Ltd IPO Dates
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 | 0.01x | 60344827 | 804576 |
| NII | 0.04x | 12068966 | 473042 |
| Retail | 0.24x | 8045977 | 1919912 |
| Employee | 0x | 0 | 0 |
| Total | 0.04x | 80459770 | 3197530 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Schloss Bangalore Ltd Financial Status
Income Statement
Balance Sheet
| 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 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Schloss Bangalore 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.
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.
Peer Comparison:
- The Indian Hotels Company Ltd
- The Indian Hotels Company Ltd
- EIH Limited
- Chalet Hotels Limited
- Juniper Hotels Limited
- Ventive Hospitality Limited
- ITC Hotels Limited
Schloss Bangalore Ltd IPO 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.
- 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.
How To Apply for Schloss Bangalore Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
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.
