Leela Palaces Hotels & Resorts Ltd. IPO

Leela Palaces Hotels & Resorts Ltd., established in 2019, operates in the Hotels, Resorts & Restaurants sector. The company's IPO opened on May 26, 2025 and closed on May 28, 2025, with an issue price ... Read more

Min Investment

₹ 14,790 / 34 shares

Price Range

₹413 - ₹ 435

Bidding Dates

26 May '25 - 28 May '25

Total Issue Value

3,500.00 Cr

Lot Size

Total Issue Size

3,500.00 Cr

Listing At

BSE, NSE

Subscription

3.06 times

BSE Price

435.45 (0.1%)

NSE Price

433.55 (-0.33%)

IPO Timeline

26 May 2025

Bidding Starts
28 May 2025

Bidding Ends
29 May 2025

Allotment Finalization
2 Jun 2025

Listing

About Leela Palaces Hotels & Resorts Ltd.

We own, operate, manage and develop luxury hotels and resorts under “The Leela” brand. Our Portfolio includes The Leela Palaces, The Leela Hotels and The Leela Resorts. We undertake our business primarily through direct ownership of hotels and hotel management agreements with ... Read more

Parent organisation

Founded

Leela Palaces Hotels & Resorts Ltd.

2019

Leela Palaces Hotels & Resorts Ltd. IPO Reservation

Investors Category	Shares Offered
Anchor Investors	3,62,06,897 (45%)
Non Institutional Investors	1,20,68,966 (15%)
Qualified Institutional Buyers (QIBs)	2,41,37,931 (30%)
Retail Individual Investors (RIIs)	80,45,977 (10%)

Leela Palaces Hotels & Resorts Ltd. Financial Information

Year End	Revenue	PAT	Reserves & Surplus
31 Mar 2025	474.17 Cr	34.24 Cr	6,066.29 Cr
31 Mar 2024	351.90 Cr	-12.85 Cr	-105.37 Cr
31 Mar 2023	309.34 Cr	-25.25 Cr	-91.95 Cr

Leela Palaces Hotels & Resorts Ltd. Background

Major Events And Milestones

2019

Incorporation of our Company.
Acquisition of The Leela Palace Bengaluru by our Company.
Acquisition of The Leela Palace New Delhi by Schloss Chanakya.
Acquisition of The Leela Palace Chennai by Schloss Chennai.
Acquisition of The Leela Palace Udaipur by Schloss Udaipur.
Novation of the management and operations agreement of The Leela Bhartiya City Bengaluru by HLV Limited to Schloss HMA.
Novation of the management and operations agreement of The Leela Hyderabad by HLV Limited to Schloss HMA.
Novation of the management and operations agreement of The Leela Ambience Gurugram Hotel & Residences by HLV Limited to Schloss HMA.
Novation of the management and operations agreement of The Leela Ambience Convention Hotel Delhi by HLV Limited to Schloss HMA.
Acquisition of “The Leela” brand by Schloss HMA.
Schloss HMA entered into a centralised services and license agreement with HLV Limited in relation to The Leela Mumbai.
2020

Novation of the management and operations agreement of The Leela Gandhinagar by HLV Limited to Schloss HMA.
2021

Acquisition of Galleria at The Leela Palace Bengaluru by our Company.
2022

Schloss HMA entered into a hotel operation and management services agreement with Kollam Royal Park Hotel and Resorts Private Limited in relation to The Leela Ashtamudi, A Raviz Hotel.
Schloss HMA entered into a hotel operation and management services agreement with Kovalam Resort Private Limited in relation to The Leela Kovalam, A Raviz Hotel.
2023

Acquisition of 50.00% shareholding of TPRPL by MPPL.
Schloss HMA entered into an agreement for operation and maintenance of The Leela Sikkim.
2024

Acquisition of 100.00% shareholding of Schloss Chennai by our Company.
Acquisition of 100.00% shareholding of Schloss Gandhinagar by our Company.
Acquisition of 100.00% shareholding of Schloss HMA by our Company.
Acquisition of 100.00% shareholding of LPRL by our Company.
Acquisition of 100.00% shareholding of MPPL by Schloss Chanakya.
Acquisition of 100.00% shareholding of Schloss Chanakya by our Company.
Acquisition of 100.00% shareholding of Schloss Tadoba by our Company.
Acquisition of 50.00% shareholding of TPRPL by Schloss Chanakya.
Acquisition of 100.00% shareholding of Schloss Udaipur by Schloss Chanakya.
Amalgamation of TPRPL and MPPL.
Acquisition of 100.00% shareholding of Leela BKC Holdings (formerly known as Transition Cleantech Services Four Private Limited) by our Company.
Acquisition of 100.00% shareholding of TCS Five by our Company.
Acquisition of 100.00% shareholding of Aries Holdings by Schloss Chennai.
LPRL secured letter of award from Jammu & Kashmir Tourism Development Corporation as lead member of a consortium in relation to development of The Leela Palace Srinagar, Jammu and Kashmir.
Commencement of operations at The Leela Hyderabad.
Acquisition of 74.00% shareholding of Anasvish Tiger Camp Private Limited by our Company.
Schloss HMA entered into a hotel operation and management services agreement with Anasvish Tiger Camp in relation to The Leela Bandhavgarh.
Acquisition of 51.00% shareholding of Inside India Resorts Private Limited by our Company.
Schloss HMA entered into a hotel operation and management services agreement with Inside India Resorts in relation to The Leela Ranthambore.
Lago Vue entered into a concession agreement with Jammu and Kashmir Tourism Development Corporation for the development, operation and maintenance in relation to The Leela Palace Srinagar, Jammu and Kashmir.
2025

Acquisition of 76.00% equity shareholding and 19.98% preference shareholding of Buildminds Real Estate Private Limited by our Company.
Schloss HMA entered into a hotel operation and management services agreement with Buildminds Real Estate Private Limited in relation to The Leela Ayodhya.

Leela Palaces Hotels & Resorts Ltd. Object of Issues

1. Repayment/ prepayment/ redemption, in full or in part, of certain outstanding borrowings, interest accrued and prepayment penalties, as applicable, availed by:
(a) our Company
(b) certain of our wholly owned Subsidiaries, and step-down subsidiaries namely, Schloss Chanakya, Schloss Chennai, Schloss Udaipur and TPRPL, through investment in such Subsidiaries

2. General corporate purposes

Leela Palaces Hotels & Resorts Ltd. IPO Listing Details

Listing Date

2 Jun 2025

BSE Script Code

544408

NSE Symbol

THELEELA

ISIN

INE0AQ201015

Final Issue Price

₹ 435

Leela Palaces Hotels & Resorts Ltd. Listing Day Trading Information

Pricing Details	BSE	NSE
Issue Price	₹ 435.00	₹ 435.00
Open	₹ 406.50	₹ 406.00
Low	₹ 404.45	₹ 405.00
High	₹ 438.80	₹ 438.90
Last Trade	₹ 435.55	₹ 435.55

Leela Palaces Hotels & Resorts Ltd. Company Promoters

1. Project Ballet Bangalore Holdings (DIFC) Pvt Ltd
2. BSREP III Joy (Two) Holdings (DIFC)Limited
3. BSREP III Tadoba Holdings (DIFC) Pvt Ltd
4. Project Ballet Chennai Holdings (DIFC) Pvt Ltd
5. Project Ballet Gandhinagar Holdings (DIFC) Pvt Ltd
6. Project Ballet HMA Holdings (DIFC) Pvt Ltd
7. Project Ballet Udaipur Holdings (DIFC) Pvt Ltd

Industry Overview

The hospitality industry comprises luxury, premium (upper upscale and upscale), midscale and economy segments, which provide a wide range of offerings, services, and experiences. Luxury hospitality segment has larger room sizes, high-quality amenities with best-in-class services and are typically ... Read more

Leela Palaces Hotels & Resorts Ltd. Contact Details

Address: The Leela Palace, Diplomatic Enclave, Africa Avenue, Netaji Nagar, South Delhi, New Delhi Delhi - 110023
Phone no:69015454

Email: [email protected]

69015454

Visit Website

Leela Palaces Hotels & Resorts Ltd. IPO Registrar

KFin Technologies Ltd.

Selenium, Tower B, Plot 31 & 32, Financial District, Nanakramguda, Serilingampally, Hyderabad Telangana - 500032

67162222

Leela Palaces Hotels & Resorts Ltd. IPO Lead Manager(s)

Morgan Stanley India Company Pvt. Ltd.

Altimus, Level 39 & 40, Pandurang Budhkar Marg, Worli, Mumbai Maharashtra - 400013

61181000

FAQs

When does Leela Palaces Hotels & Resorts Ltd. IPO opens and closes?

Leela Palaces Hotels & Resorts Ltd. IPO opens from 26th May to 28th May 2025.

What is the size of Leela Palaces Hotels & Resorts Ltd. IPO?

The size of the Leela Palaces Hotels & Resorts Ltd. IPO is ₹3,500.00 Cr.

What is the price range of Leela Palaces Hotels & Resorts Ltd. IPO?

The price range of Leela Palaces Hotels & Resorts Ltd. IPO is at ₹413 to ₹435 per share.

What is the minimum investment and lot size required for the Leela Palaces Hotels & Resorts Ltd. IPO?

The minimum investment required is ₹14,790 and minimum lot size is 34 shares.

When is Leela Palaces Hotels & Resorts Ltd. IPO listing date?

The Leela Palaces Hotels & Resorts Ltd. IPO will be listed on 2nd June 2025.

What is the objective of Leela Palaces Hotels & Resorts Ltd. IPO?

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