India’s mainboard IPO market has seen a resurgence in 2025 after a slow start, with six major listings expected in May alone, collectively raising over ₹11,669 crore. This follows a remarkable 2024, where 91 IPOs raised ₹1.6 lakh crore, driven by strong retail participation and private capital expenditure. Despite market volatility, investor confidence is returning, with 57 companies receiving final regulatory approvals and another 74 awaiting clearance. The IPO pipeline spans diverse sectors, including renewable energy, pharmaceuticals, real estate, and manufacturing. Notably, Schloss Bangalore Ltd., the operator of The Leela Hotels, is set to launch its ₹3,500 crore IPO on May 26, 2025, marking one of the largest offerings in India’s hospitality sector.
About Schloss Bangalore Ltd.
Schloss Bangalore Ltd. is India’s premier luxury hospitality company under the Leela brand. Backed by Brookfield Asset Management, the company owns, manages, and develops high-end hotels and resorts, offering world-class accommodations, fine dining, and wellness experiences. As of March 2025, Schloss Bangalore manages 13 properties with 3,553 rooms, expanding its footprint in India’s luxury hospitality sector.
The company plans to add seven new properties, including a luxury hotel in BKC, Mumbai. Schloss Bangalore follows a hybrid business model. It combines direct ownership with third-party management agreements.
Schloss Bangalore Ltd. IPO Details
Schloss Bangalore Ltd. aims to use ₹2,300 crore from the fresh issue to repay or prepay outstanding borrowings, while the remaining funds will be allocated for general corporate purposes. Here are more insights into its IPO.
Important IPO Timeline
| IPO Open Date | May 26, 2025 |
| IPO Close Date | May 28, 2025 |
| Allotment Date (Tentative) | May 29, 2025 |
| Initiation of Refunds | May 30, 2025 |
| Credit of Shares to Demat | May 30, 2025 |
| Listing Date (Tentative) | June 02, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 28, 2025 |
Key IPO Details
Here is the table on Schloss Bangalore Ltd. IPO Review:
| Face Value | ₹10 per share |
| Issue Price Brand | ₹413 to ₹435 per share |
| Lot Size | 34 Shares |
| Total Issue Size | 8,04,59,769 shares (aggregating up to ₹3,500 Cr) |
| Offer for Sale | 2,29,88,505 shares (aggregating up to ₹1,000 Cr) |
| Fresh Issue | 5,74,71,264 shares (aggregating up to ₹2,500 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing at | BSE, NSE |
| Shareholding Pre-issue | 27,64,86,614 shares |
| Shareholding Post Issue | 33,39,57,878 shares |
Lot Size of Schloss Bangalore Ltd. IPO
Here is the table of lot sizes for each category of investors:
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 34 | ₹14,790 |
| Retail (Max) | 13 | 442 | ₹1,92,270 |
| S-HNI (Min) | 14 | 476 | ₹2,07,060 |
| S-HNI (Max) | 67 | 2,278 | ₹9,90,930 |
| B-HNI (Min) | 68 | 2,312 | ₹10,05,720 |
Schloss Bangalore Ltd. Financials
In the financial year 2025, Schloss Bangalore Ltd. showed remarkable performance, posting a 15% rise in revenue. Its profit after tax also surged by 2341%. As of March 31, 2025, Schloss Bangalore recorded a Return on Net Worth (RoNW) of 1.32% and a Price to Book Value ratio of 2.92. Apart from these performance parameters, the company has a market capitalisation of ₹10,155.36 crore. Additional financial details of the company are provided in the table below.
Key Company Financials
| Period Ended | 31 March 2025
(Crores) |
31 March 2024
(Crores) |
31 March 2023
(Crores) |
| Assets | ₹8,266.16 | ₹7,061.88 | ₹5,875.54 |
| Revenue | ₹1,406.56 | ₹1,226.50 | ₹903.27 |
| Profit After Tax | ₹47.66 | (₹2.13) | (₹61.68) |
| Net Worth | ₹3,604.99 | (₹2,825.72) | (₹2,511.96) |
| Reserves and Surplus | ₹3,280.43 | (₹2,906.20) | (₹2,582.80) |
| Total Borrowing | ₹3,908.75 | ₹4,242.18 | ₹3,696.18 |
Schloss Bangalore Ltd.: Industry Outlook
- India’s gross domestic product (GDP) is expected to grow from $ 3.6 trillion in 2023 to approximately $ 7.1 trillion by 2030. This rapid expansion is likely to result in the emergence of nearly 200 million households in the high and upper-middle-income segments. As seen in similar economic periods in the US and Europe, this growth is anticipated to drive a substantial rise in demand for hospitality services.
- India’s hotel industry is still underdeveloped. Out of an estimated 3.4 million hotel rooms, only around 11% are part of the organised sector. Within this, luxury rooms make up just 17% of branded hotels. When compared to other countries in the Asia-Pacific region, India has a much lower number of luxury hotel rooms available per person.
- Domestic tourist visits are expected to grow from 2.5 billion in 2024 to 5.2 billion by 2030. This surge will probably be fuelled by better travel infrastructure, higher disposable incomes, and increased government efforts to promote tourism. As a result, domestic air passenger traffic is anticipated to double, reaching around 693 million during the same period.
Top Upcoming IPOs to Watch (23rd–27th June 2025)
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- Globe Civil Projects Ltd IPO
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Conclusion
Investing in Schloss Bangalore Ltd. offers exposure to India’s growing luxury hotel sector, backed by Brookfield Asset Management. The company has shown strong financial recovery, with a net profit of ₹47.66 Cr in FY25 and consistent revenue growth. However, risks include high debt levels and premium valuation compared with peers. The cyclical nature of the hospitality industry and market volatility could impact returns.
