The IPO of luxury hotel chain The Leela, operated by Schloss Bangalore, will open on May 26 and close on May 28. The issue is worth ₹3,500 crore.
The company has set a price band of ₹413–₹435 per share.
To apply, investors must bid for at least one lot, which consists of 34 shares. This means a minimum investment of around ₹14,042. If shares are not allotted, the application money will be refunded.
Targeting Religious and Wildlife Tourism
The Leela is a well-known brand in India’s luxury hotel industry. Schloss Bangalore is now focusing on religious and wildlife tourism, two fast-growing segments in India.
The company is opening hotels in key destinations such as Ayodhya and Bandhavgarh. Since the opening of the Ram temple in January 2024, Ayodhya has seen a huge rise in visitors, with lakhs of people visiting each year.
Six New Hotels in the Pipeline
Schloss Bangalore plans to open six new hotels across the country. CEO Anurag Bhatnagar shared that:
A 350-year-old building in Ranthambore is being converted into a hotel.
A 30-room hotel in Bandhavgarh will be launched.
Hotels will also open in Ayodhya, Mumbai, Sikkim, and Srinagar.
A Leela Palace near the Taj Mahal in Agra is also under development.
Strong Focus on Luxury Segment
Currently, The Leela has a portfolio of 20 hotels, out of which:
13 hotels are operational, with a total of 3,550 rooms.
678 rooms are under development.
5 hotels are company-owned, while the rest are managed under agreements.
Bhatnagar explained that focusing on the luxury segment builds a premium brand image and helps increase profit margins.
Growth Linked to India’s Economy
The company has performed well in terms of revenue per available room (RevPAR), with a CAGR of 11%. Demand for luxury hotels in India is rising.
As India moves toward becoming a $7 trillion economy, the luxury hotel segment is expected to grow further.
Experts believe that investors who are interested in the luxury sector and hospitality growth can consider applying for the Schloss Bangalore IPO.
