Schloss Bangalore Limited, the company behind the renowned “The Leela” brand, is set to launch its initial public offering (IPO) on Monday, May 26, 2025. The offering comprises a fresh issue of equity shares worth INR 25,000 million and an offer for sale of shares amounting to INR 10,000 million by Project Ballet Bangalore Holdings (DIFC) Pvt Ltd.
Priced between INR 413 and INR 435 per share, the IPO aims to raise a total of INR 35,000 million. Investors can bid for a minimum of 34 shares and in multiples thereafter. Anchor investors can place bids on May 23, 2025, a day before the IPO opens to the public.
The IPO is structured under SEBI’s book-building regulations, with at least 75% of the shares allocated to Qualified Institutional Buyers (QIBs), 15% to Non-Institutional Investors (NIIs), and 10% to Retail Individual Investors (RIIs).
Shares will be listed on both BSE and NSE, with NSE as the designated stock exchange. Book Running Lead Managers include JM Financial, BofA Securities, Morgan Stanley, Kotak Mahindra Capital, and others.
