Leela Hotels IPO
IPO Details
Leela Hotels IPO is a bookbuilding of ₹3,500 Crore. The issue is entirely a fresh issue of ₹2,500 Crore and an offer for sale of ₹1,000 Crore.
Leela Hotels IPO opens for subscription on 2025-05-26 and closes on 2025-05-28. The allotment is expected to be finalized on 2025-05-29. The IPO will be listed on BSE, NSE with tentative listing date as 2025-06-02.
Price band is set at ₹413 to ₹435 per share. The minimum lot size for application is 34 shares (₹14042). It is suggested to bid at the cutoff price to avoid oversubscription, which is about ₹14790.
IPO Timeline
Company Overview
Leela Hotels IPO Details
Leela Hotels, operated by Schloss Bangalore Limited, is a prestigious luxury hotel brand in India, known for offering world-class hospitality experiences. The company is planning to raise ₹3,500 crore through its IPO.
Company Overview
Leela Hotels, backed by Brookfield Asset Management, manages 13 luxury hotels across key Indian cities. The brand is synonymous with premium hospitality, catering to upscale domestic and international clientele.
Financial Performance
| Particulars | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| Assets (₹ Cr) | 5,875.54 | 7,061.88 | 8,266.16 |
| Revenue (₹ Cr) | 903.27 | 1,226.50 | 1,406.56 |
| PAT (₹ Cr) | -61.68 | -2.13 | 47.66 |
| Net Worth (₹ Cr) | -2,511.96 | -2,825.72 | 3,604.99 |
| Reserves & Surplus (₹ Cr) | -2,582.80 | -2,906.20 | 3,280.43 |
| Total Borrowing (₹ Cr) | 3,696.18 | 4,242.18 | 3,908.75 |
IPO Details
- Issue Size: ₹3,500 Crore
- Fresh Issue: ₹2,500 Crore
- Offer for Sale: ₹1,000 Crore
- Price Band: ₹413 to ₹435 per share
- Lot Size: 34 shares
- Minimum Investment: ₹14,790 (at upper price band)
- Listing On: NSE and BSE
IPO Objectives
- Repayment and/or prepayment of certain borrowings
- General corporate purposes
Subscription Details
| Category | Allocation | Subscription |
|---|---|---|
| QIB | 75% | TBA |
| NII | 15% | TBA |
| Retail | 10% | TBA |
Key Strengths
- Premium brand with strong recognition in Indian hospitality
- Presence in prime city locations across India
- Backed by global investment firm Brookfield
- Strong revenue growth and turnaround in profitability
Risk Factors
- Previous years of financial losses
- Sensitive to economic downturns and travel disruptions
- Competitive hospitality market
- High dependence on tourist and business travel segments
Lead Managers
- Morgan Stanley
- BofA Securities
- JPMorgan
- Citi
Registrar
- Kfin Technologies Limited
GMP Trends
The Grey Market Premium (GMP) for Leela Hotels IPO is currently around ₹14, indicating a modest premium of approximately 3.22% over the upper price band.
Expert Opinion
While Leela Hotels shows promising signs with a turnaround in FY 2025, investors should consider its past financial volatility and sectoral risks. The IPO is expected to attract interest from long-term investors looking to tap into the luxury hospitality sector.
Business Segments
Information about business segments will be available soon.
Financial Performance
| Particulars | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| assets | ₹5875.54 Cr | ₹7061.88 Cr | ₹8266.16 Cr |
| net worth | ₹-2511.96 Cr | ₹-2825.72 Cr | ₹3604.99 Cr |
| pat | ₹-61.68 Cr | ₹-2.13 Cr | ₹47.66 Cr |
| reserves and surplus | ₹-2582.8 Cr | ₹-2906.2 Cr | ₹3280.43 Cr |
| revenue | ₹903.27 Cr | ₹1226.5 Cr | ₹1406.56 Cr |
| total borrowing | ₹3696.18 Cr | ₹4242.18 Cr | ₹3908.75 Cr |
Additional Information
The proceeds from the IPO will be used for:
- Expansion of manufacturing facilities
- Debt repayment
- General corporate purposes
Information about key strengths will be available soon.
Information about risk factors will be available soon.
| Category | Allocation | Subscription |
|---|---|---|
| QIB | 75% | TBA |
| NII | 15% | TBA |
| Retail | 10% | TBA |
| Total | 100% | TBA |
Industry analysts are positive about the company's growth prospects given its strong financial performance, diversified product portfolio, and expansion plans. The IPO is expected to receive good response from investors looking for exposure to the sector.
Grey Market Premium
*Expected Premium is derived from market rumors. It is not a guaranteed indicator of the actual listing price.
IPO Quick Info
Market Lot
IPO Details
Lead Managers
- Axis Capital Limited
- ICICI Securities Limited
- Kotak Mahindra Capital Company Limited
Registrar
Link Intime India Private Limited
