Schloss Bangalore Ltd IPO – Check Date, Price, GMP, Financial Details, Peers Comparison

Company Overview: Schloss Bangalore Ltd (The Leela Hotels)

Schloss Bangalore Ltd, established in 2019, is the owner and operator of the luxury hotel chain “The Leela” in India. As of May 31, 2024, the company manages 12 hotels and resorts across various business and leisure destinations in India, comprising 3,382 keys.

The portfolio includes five owned hotels, six managed properties under hotel management agreements, and one franchised hotel.

Schloss Bangalore Ltd Financial Highlights (Fiscal Year Ending March 31, 2025)

• Revenue: ₹1,406 crore

• Net Profit: ₹48 crore

• Debt Reduction: The company reduced its debt by 32% to ₹2,568 crore as of March 2025.

• Revenue Growth: Revenue and EBITDA have grown at a CAGR of 23% and 25% respectively over the last two years.

Schloss Bangalore Ltd IPO Details

• IPO Dates: May 26–28, 2025

• Price Band: ₹413–₹435 per share

• Issue Size: ₹3,500 crore

  • Fresh Issue: ₹2,500 crore

  • Offer for Sale (OFS): ₹1,000 crore

• Lot Size: 34 shares

• Minimum Investment: ₹14,790

• Listing Date: Expected on June 2, 2025

• Stock Exchanges: BSE and NSE

• Registrar: Kfin Technologies

• Book Running Lead Managers (BRLMs): JM Financial, BofA Securities India, Morgan Stanley India, JP Morgan India, Kotak Mahindra Capital, Axis Capital, Citigroup Global Markets India, IIFL Securities, Motilal Oswal Investment Advisors, SBI Capital Markets

Valuation Metrics

• Price-to-Earnings (P/E) Ratio:

  • Based on FY25 EPS of ₹1.97: 220.81x

  • Based on weighted EPS of ₹0.36 over the last three years: 1,208.33x

• Industry Average P/E Ratio: Approximately 95.13x

• Price-to-Book (P/B) Ratio: 2.3x

• Enterprise Value to EBITDA (EV/EBITDA): 26.3x

Anchor Investor Participation

Prior to the IPO, Schloss Bangalore raised ₹1,575 crore from 47 anchor investors, including prominent global institutions like Goldman Sachs and Fidelity. Notably, 1.42 crore shares were allocated to nine domestic mutual funds across 20 schemes.

Grey Market Premium (GMP) For Schloss Bangalore Ltd IPO

The latest grey market premium (GMP) for Schloss Bangalore’s IPO is approximately ₹15–₹18 per share. This suggests an expected listing price of around ₹450–₹453, indicating a modest premium of 3.5% to 4% over the upper end of the price band.

Having said that GMP does not mean in anyway a recommendation for an IPO, the financials of a company and its future prospectus tells a lot.

Here is the thing no one can tell you whether the IPO will going to make a stellar debut or not, it is you who have to decide based on available information about the company.

Moreover the IPO’s now a days are very hot market every one wants to earn some quick money on listing day itself and there is nothing wrong about it.

One must not forget to check the financials and do not fall for any recommendation from anyone, it is you hard earned money, you should decide whether to opt for the IPO or not.

You may have watch various YouTube channels or read on different websites about recommendation for stocks and IPO, it is my humble suggestion and request please do not ever fall prey to it. Better than this is to invest in ETF’s?.

Therefore, whenever you are buying IPO make sure the money invested is not the one which you my need it urgently, always use extra money which you may not require in near future, Otherwise stay away completely.

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Schloss Bangalore Ltd IPO Peer Comparison

Compared to its peers, Schloss Bangalore’s P/E ratio is significantly higher, indicating a premium valuation.

Frequently Asked Questions (FAQs)

Q1: How can I apply for the Schloss Bangalore IPO?

You can apply through your broker’s platform using the UPI-based ASBA (Application Supported by Blocked Amount) method.

Q2: What is the minimum investment required?

The minimum investment is ₹14,790 for one lot of 34 shares.

Q3: When will the shares be listed?

The shares are expected to be listed on June 2, 2025, on both BSE and NSE.

Q4: What is the purpose of the IPO?

The proceeds from the IPO will be used for debt repayment and expansion of luxury hotel operations.

Where To Check Schloss Bangalore Ltd IPO Application And Allotment Status?

As an investor or trader generally we are curious and anxious to know the results of the application as soon as possible. To ease the anxiety, both Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) have come up with dedicated pages and links which investors can use.

NSE

The NSE has an IPO bid verification module. It can be used to verify the IPO application details uploaded on the exchange bidding system by your member/bank. The data of the bid details uploaded by the member/bank would be available on T+1 day (where T would be date receipt of bid on NSE platform).

In addition, the data would be available until six days after the issue closure date. This gives the investor enough time to verify the data and instruct the member/bank to make any changes, if required.

Exchange will also provide allotment information as provided by the registrar to the issue.

An investor can avail this facility by registering using his/her PAN details. After registration, the investor will receive an email notification from NSE on the registered email address. That email will provide the login details.

The following link can be used for the same:

https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp

BSE

The BSE has also come up with a similar platform.

This unique facility allows investors to verify the status of their application submitted to a Trading Member or a SCSB (Self-Certified Schedule Banks).

The investor can check his application status/information on the website until one week after issue close.

The following link can be used by investors:

https://www.bseindia.com/investors/appli_check.aspx

Important Things To Keep In Mind Before Applying For IPO’s:

• Try to fill for the same IPO online from different DP ID i.e. if in your family have more than 1 account you can possibly get the allocation done in case of over subscription.
• You should have a good knowledge of the sector and the company you are planning to invest.
• Analysis of the company’s balance sheet is very crucial. A clear understanding of the company’s future projects and vision is very necessary to know whether it will have a sustainable future.
• Investment decision has to be taken carefully and not in a hurry.
• Read as much as you can about the company, its objectives for launching the IPO, its past history in business and its futures prospectus.
• Don’t go for hype in the news, your analysis should be based on facts rather than gossips and rumors.
• Many IPOs are oversubscribed. What this means is that the demand for shares is much higher than the shares available for sale. In such a situation, it is no surprise that many investors fail to get any shares allotted to them. This is why it is advisable to apply for IPO shares on the last day of bidding. This way, one can have a good estimate on how large the subscription will be. Also, in that case, one should bid for just one lot and not unnecessarily lock up their capital.

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Conclusion

Schloss Bangalore Ltd’s IPO presents an opportunity to invest in a prominent player in India’s luxury hospitality sector. While the company has shown significant growth and reduced its debt burden, the high valuation metrics compared to industry peers suggest that investors should carefully assess the potential risks and rewards.