Leela Hotels, operated by Schloss Bangalore, has officially opened its ₹3,500 crore initial public offering (IPO) for public subscription. The IPO includes a fresh issue of 57.5 million shares and an offer for sale (OFS) of 23 million shares by the promoter.
Key IPO Details:
- Price Band: ₹413–₹435 per share
- Lot Size: 34 shares (Minimum investment: ₹14,790)
- Investor Allocation:
- 75% for Qualified Institutional Buyers (QIBs)
- 15% for Non-Institutional Investors (NIIs)
- 10% for Retail Investors
- Grey Market Premium (GMP): ₹13 (3% above issue price)
Financial Performance & Growth Outlook
Leela Hotels has demonstrated strong financial recovery, reporting a profit of ₹49.2 crore in FY25, compared to a ₹2.12 crore loss in FY24. Revenue surged to ₹1,300.5 crore, reflecting steady growth in the luxury hospitality sector.
IPO Timeline & Listing Details
- Subscription Period: May 26–May 28, 2025
- Allotment Date: May 29, 2025
- Shares Credited: May 30, 2025
- Listing Date: June 2, 2025 (BSE & NSE)
Use of Funds & Expansion Plans
Proceeds from the fresh issue will be utilized to repay loans for Leela Hotels and its subsidiaries, including Schloss Chanakya, Schloss Chennai, Schloss Udaipur, and TPRPL. The company also aims to expand its luxury hotel portfolio, reinforcing its position as a leading hospitality brand in India.
With strong investor interest and a rising GMP, Leela Hotels’ IPO is expected to generate significant market traction.
