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15 Days Price Change

Leela Palaces Hotels IPO

Closing In

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Profile
Issue Size --
Profile
Price Range 413  to  435 per share
Profile
Min Investment ₹435
Profile
Lot Size 1
Profile
Face Value ₹10
Profile
Draft Prospectus --
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Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

Schloss Bangalore Limited, established in 2019, is a prominent player in India's luxury hospitality sector, operating under the esteemed "The Leela" brand. As of May 2024, the company manages 12 operational hotels encompassing 3,382 keys across 10 major Indian cities, including Delhi, Mumbai, Bengaluru, and Chennai. These properties are a mix of owned, managed, and franchised establishments, reflecting Schloss Bangalore's diversified operational model. Schloss Bangalore's strategic initiatives include expanding its portfolio with eight new properties by 2028, venturing into wildlife, spiritual, and heritage tourism. Additionally, the company plans to launch branded serviced residences integrated with its luxury hotels, catering to the growing demand for premium, branded living spaces in India. With a commitment to delivering exceptional luxury experiences rooted in Indian hospitality traditions, Schloss Bangalore continues to solidify its position as a leader in the country's high-end hospitality market. Read More

Basic Info

Face Value 10 per share

Price 413  to  435 per share

P/E (x) 217.5

Sales( Cr.) 1301

PAT( Cr.) 48

EPS 2

Draft Prospectus --

Exchange BSE-NSE

Promoter

Company Promoters

Project Ballet Bangalore Holdings (DIFC) Pvt Ltd BSREP III Joy (Two) Holdings (DIFC) Limited BSREP III Tadoba Holdings (DIFC) Pvt Ltd Project Ballet Chennai Holdings (DIFC) Pvt Ltd

Pre Issue Share Holding 80.92%

Post Issue Share Holding 60.69%

Listing Details:

Listing Price: 406.5

Listing Gain: -7.01%

Current Price: 413.4

Gain On Issue: 413.4 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date May 26, 2025
Closing Date May 28, 2025
Allotment May 29, 2025
Refund May 30, 2025
Delivery of Shares May 30, 2025
Listing Date Jun 02, 2025

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 34 14,790
Retail (Max) 13 442 192,270
S-HNI (Min) 14 476 207,060
S-HNI (Max) 67 2278 990,930
B-HNI (Min) 68 2312 1,005,720

Objective of the Issue

1. Repayment/ prepayment/ redemption, in full or in part, of certain outstanding borrowings availed by: (a) the Company, (b) certain of our Subsidiaries, namely, Schloss Chanakya, Schloss Chennai, Schloss Udaipur and TPRPL, through investment in such Subsidiaries. 2. General corporate purposes.

Issue

Category Nos Bid Bid (x)
QIB 60344827 318017238 5.3x
NII 12068965 5431034 0.4x
Retail 8045977 5149425 0.6x
EMP 0 0 0x
Total 80459769 251034479 3.1x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Leela Palaces Hotels Profit & Loss

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 380 860 1171 1301
Other Income 36 44 57 126
Total Income 416 904 1228 1427
Total Expenditure 326 480 625 725
Operating Profit 90 424 603 701
Interest 327 360 436 459
Depreciation 131 125 148 140
Exceptional Income / Expenses 0 0 0 0
Profit Before Tax -368 -61 19 102
Provision for Tax -48 1 22 54
Profit After Tax -320 -62 -2 48
Adjustments 0 0 0 0
Profit After Adjustments -320 -62 -2 48
Adjusted Earnings Per Share -31.7 -6.1 -0.2 1.7

Leela Palaces Hotels Balance Sheet

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds -2452 -2512 -2826 3557
Minority's Interest 0 0 0 48
Borrowings 3574 3549 3904 3586
Other Non-Current Liabilities 4523 4549 480 550
Total Current Liabilities 219 289 5504 526
Total Liabilities 5863 5876 7062 8266
Fixed Assets 5150 5090 6043 6107
Other Non-Current Assets 265 394 486 1618
Total Current Assets 448 392 533 541
Total Assets 5863 5876 7062 8266

Leela Palaces Hotels Cash Flow

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 28 255 171 71
Cash Flow from Operating Activities 72 318 539 553
Cash Flow from Investing Activities -116 -85 -786 -5730
Cash Flow from Financing Activities 271 -318 147 5236
Net Cash Inflow / Outflow 228 -84 -100 59
Closing Cash & Cash Equivalent 255 171 71 130

Leela Palaces Hotels Ratios

# Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) -31.71 -6.12 -0.21 1.73
CEPS(Rs) -18.77 6.28 14.46 6.78
DPS(Rs) 0 0 0 0
Book NAV/Share(Rs) -243.13 -249.08 -280.19 128.65
Core EBITDA Margin(%) 14.28 44.23 46.65 44.23
EBIT Margin(%) -10.63 34.8 38.87 43.14
Pre Tax Margin(%) -96.75 -7.04 1.66 7.85
PAT Margin (%) -84.14 -7.17 -0.18 3.66
Cash Profit Margin (%) -49.79 7.37 12.45 14.42
ROA(%) -5.46 -1.05 -0.03 0.62
ROE(%) 0 0 0 13.04
ROCE(%) -3.3 24.85 35.01 12.63
Receivable days 49.95 25.93 22.3 22.68
Inventory Days 18.13 9.44 8.82 8.16
Payable days 317.62 207.31 223.62 232.27
PER(x) 0 0 0 0
Price/Book(x) 0 0 0 0
Dividend Yield(%) 0 0 0 0
EV/Net Sales(x) 8.84 4.02 3.32 3
EV/Core EBITDA(x) 37.24 8.16 6.44 5.56
Net Sales Growth(%) 0 126.27 36.21 11.02
EBIT Growth(%) 0 840.97 52.13 23.22
PAT Growth(%) 0 80.72 96.55 2340.62
EPS Growth(%) 0 80.72 96.55 920.17
Debt/Equity(x) -1.5 -1.47 -1.5 1.1
Current Ratio(x) 2.05 1.35 0.1 1.03
Quick Ratio(x) 1.96 1.27 0.09 0.98
Interest Cover(x) -0.12 0.83 1.04 1.22
Total Debt/Mcap(x) 0 0 0 0

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 11% 51% 0% 0%
Operating Profit CAGR 16% 98% 0% 0%
PAT CAGR 0% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR NA% NA% NA% NA%
ROE Average 13% 4% 3% 3%
ROCE Average 13% 24% 17% 17%

Company Contact Information

Leela Palaces Hotels & Resorts Ltd.

IPO Lead Manager(s)

Leela Palaces Hotels & Resorts Ltd.

Axis Capital Ltd.

BofA Securities India Ltd.

Citigroup Global Markets India Pvt Ltd.

IIFL Securities Ltd.

JM Financial Ltd.

Kotak Mahindra Capital Co Ltd

Morgan Stanley India Co Pvt Ltd

Motilal Oswal Investment Advisors Pvt Ltd

JM Morgan Stanley Private Limited

Registrar Info

Leela Palaces Hotels & Resorts Ltd.

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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