India’s luxury hospitality sector is witnessing a landmark moment as Schloss Bangalore Ltd., which operates under The Leela brand, launches its ₹3,500 crore initial public offering (IPO). Backed by Brookfield, one of the world’s largest alternative asset managers, this IPO provides retail and institutional investors an opportunity to tap into India’s premium travel and hospitality growth story.
IPO Snapshot
The IPO is a book-building issue comprising:
A fresh issue of ₹2,500 crore (5.75 crore shares)
An offer for sale (OFS) of ₹1,000 crore (2.3 crore shares)
The price band is set at ₹413 to ₹435 per share, and the minimum lot size for retail investors is 34 shares. Subscriptions opened on May 26, 2025, and will close on May 28, 2025. Shares are scheduled to list on BSE and NSE on June 2, 2025.
Leela Hotels IPO Details
IPO Timeline
Lot Size Investment Details
About Schloss Bangalore Ltd
Founded in 2019, Schloss Bangalore Ltd. owns and operates The Leela portfolio, one of India’s most iconic hospitality brands. As of May 31, 2024:
12 operational hotels with 3,382 keys
5 owned flagship properties in Bengaluru, Chennai, New Delhi, Jaipur, and Udaipur
67 dining venues and 12 wellness sanctuaries
Strong MICE capabilities, catering to premium business events and weddings
The brand seamlessly blends Indian palace architecture with modern luxury, positioning itself as a symbol of aspirational living and high-end travel.
This IPO offers exposure to India’s growing luxury consumption, tourism rebound and premium real estate assets. However, as with any hospitality business, investors should evaluate:
Seasonality and demand cycles
Valuation multiples relative to peers like Indian Hotels and EIH
Dependence on premium spending and global travel trends
For retail investors, subscribing at the cut-off price is advisable to avoid allotment risk during high demand.
