Leela Hotels IPO – Day 1 Subscription at 0.02 Times

Categories: Markets

May 26, 2025

Leela Hotels’s initial public offering (IPO) has begun its subscription period with initial interest on the first day. The ₹3,500.00 crore IPO has witnessed early demand, reaching 0.02 times by 11:19:35 AM on the opening day, showing initial investor response to this luxury hospitality company operating under “The Leela” brand in India that owns, operates, manages, and develops luxury hotels and resorts, offering premier accommodations and personalised services inspired by Indian hospitality.

Leela Hotels IPO retail investors segment leads with 0.08 times subscription, while non-institutional investors show early participation at 0.01 times and qualified institutional buyers at 0.00 times, reflecting initial investor response to this company that operates one of India’s largest luxury hospitality portfolios by number of keys, with 12 operational hotels comprising 3,382 keys as of May 31, 2024.

Leela Hotels IPO subscription at nearly 0.02 times on the first day, led by Retail (0.08x), NII (0.01x) and QIB (0.00x). Check the details at 5paisa.

Subscription Status of Leela Hotels (Schloss Bangalore) IPO:

Date	QIB	NII	Retail	Total
Day 1 (May 26)	0.00	0.01	0.08	0.02

Here are the subscription details for Leela Hotels IPO as of Day 1 (May 26, 2025, 11:19:35 AM):

Investor Category	Subscription (times)	Shares Offered	Shares bid for	Total Amount (Rs Cr.)
Qualified Institutions	0.00	2,41,37,932	0	0
Non-Institutional Buyers	0.01	1,20,68,966	99,756	4.339
– bNII (bids above ₹10L)	0.00	80,45,977	37,944	1.651
– sNII (bids below ₹10L)	0.02	40,22,989	61,812	2.689
Retail Investors	0.08	80,45,977	6,16,386	26.813
Total	0.02	4,42,52,875	7,16,142	31.152

Key Highlights – Day 1:

Overall subscription at early 0.02 times, showing initial investor response on the first day for this large IPO
Retail investors showing early interest at 0.08 times, indicating initial individual investor participation
NII segment showing modest initial participation at 0.01 times, with smaller NIIs (below ₹10L) slightly more active
QIB segment yet to show significant participation at 0.00 times on the first day
Total applications reaching 13,772 on the first day, indicating initial investor awareness
This being a large-sized IPO of ₹3,500 crores, initial subscription patterns typically build gradually over the subscription period
First day setting the baseline for potential increased subscription in coming days
Early participation reflecting cautious assessment of luxury hospitality sector opportunity

About Leela Hotels (Schloss Bangalore) IPO

Schloss Bangalore Limited, established on March 20, 2019, is a luxury hospitality company operating under “The Leela” brand in India. It owns, operates, manages, and develops luxury hotels and resorts, offering premier accommodations and personalised services inspired by Indian hospitality.

As of May 31, 2024, the company operates one of India’s largest luxury hospitality companies by number of keys, with a portfolio of 12 operational hotels comprising 3,382 keys. The portfolio includes The Leela Palaces, The Leela Hotels, and The Leela Resorts, operating through direct ownership and hotel management agreements with third-party owners.

Financial performance shows strong improvement with revenue increasing from ₹903.27 crores in FY2023 to ₹1,226.50 crores in FY2024, and further to ₹1,406.56 crores in FY2025. The company turned profitable with PAT moving from losses to ₹47.66 crores in FY2025. The company maintains strong asset base with total assets of ₹8,266.16 crores as of March 2025.