SOURCE : NEW18 NEWS
Last Updated:May 25, 2025, 10:08 IST
Leela Hotels IPO: The IPO aims to raise Rs 3,500 crore, with Rs 2,500 crore from a fresh issue and Rs 1,000 crore from an OFS. Check price band, allotment and listing dates.
The Leela Hotels IPO is priced in the range of Rs 413-435 per share.
Leela Hotels IPO GMP: Leela Hotels parent Schloss Bangalore, known for its luxury hotels and resorts, is set to launch its Rs 3,500 crore initial public offering (IPO) on May 26, 2025 which will be open for subscription until May 28, 2025. The IPO consists of a fresh issue and an offer-for-sale (OFS).
Founded in 1986, Schloss Bangalore is the parent company of the luxury hotel chain “The Leela” in India, one of the largest luxury hospitality chains in the country in terms of the number of keys.
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The IPO aims to raise Rs 3,500 crore, with Rs 2,500 crore from a fresh issue and Rs 1,000 crore from an OFS. The raising amount is down from earlier planned of Rs 5000 crore.
Leela Hotels IPO Price Band
The price band for the issue is set at Rs 413 to Rs 435 per share, with a minimum bid quantity of 34 shares, which translates to a minimum investment of Rs 14,790 at the upper end of the price band for retail investors. The IPO will be open for bidding from May 26 to May 28, with the share allotment expected to be finalized on May 30.
Leela Hotels IPO GMP
According to various market observers, the current GMP of Leela Hotels IPO stands at a premium of 5 per cent (Rs 22) on the upper cap of the price band of Rs 435.
Leela Hotels IPO Allotment And Listing Dates
Successful bidders should see shares credited to their demat accounts by May 30, with refunds issued on the same day. The shares are scheduled to list on the BSE and NSE on June 02, 2025.
Leela Hotels IPO Objectives
Leela Hotels plans to utilize Rs 2,500 crore from the fresh issue for the following purposes:
– Repayment of outstanding borrowings: Approximately Rs 2,300 crore will be used to repay/pre-pay certain borrowings of the company and its subsidiaries.
– General corporate purposes: A portion of the IPO proceeds will be allocated for general corporate purposes, not exceeding 25% of the gross proceeds.
Leela Hotels Financials
Schloss Bangalore Limited’s financial performance shows a 15% increase in revenue and a significant 2341% rise in profit after tax (PAT) between the financial years ending March 31, 2024, and March 31, 2025.
As of March 31, 2025, the company’s assets stood at Rs 8,266.16 crore, with revenue at Rs 1,406.56 crore and PAT at Rs 47.66 crore. The company’s net worth improved to Rs 3,604.99 crore, and its total borrowings were Rs 3,908.75 crore. Leela Hotels operates 3,553 keys across 13 hotels under The Leela Palaces, Hotels, and Resorts, with a strategic presence in 10 key destinations in India, covering a significant portion of international and domestic air traffic in FY 25.
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- First Published:
May 25, 2025, 10:05 IST
