BAJAJ FINSERV DIRECT LIMITED
IPO-Insights

Schloss Bangalore IPO Allotment

Roshani Ballal

Overview

Investors are closely monitoring the allotment status of the IPO issued by Schloss Bangalore Limited, which operates under the “Leela” luxury hospitality brand. The allotment scheduled to be finalised on May 29, 2025, came after a well-received offering that saw particularly strong demand from institutional investors.

IPO Details

The IPO of Schloss Bangalore Limited was structured as a book-built issue to raise a total of ₹3,500 crore. This comprised a fresh issue worth ₹2,500 crore and an offer for sale (OFS) of ₹1,000 crore. The price band was set between ₹413 and ₹435 per share. Investors had the opportunity to place bids from May 26 through May 28, 2025.

Leading merchant banks were involved in managing the issue, and while institutional interest was robust, participation from retail investors remained comparatively subdued.

Subscription Status

The IPO recorded an overall subscription of 4.50 times. This response was largely led by Qualified Institutional Buyers (QIBs), while the retail segment saw a lower turnout.

Schloss Bangalore IPO Subscription Status by Category

Investor Category

Subscription (x)

Qualified Institutional Buyers (QIBs)

7.46

Non-Institutional Investors (NIIs)

1.02

Retail Individual Investors (RIIs)

0.83

Total

4.50

Planned Use of IPO Proceeds

According to the company’s filings, the proceeds from the fresh issue will be directed toward:

  • Repayment or prepayment of certain outstanding loans

  • General corporate purposes

This capital deployment is expected to reduce the company’s debt burden and enhance its financial flexibility for future growth.

How to Check Allotment Status

Applicants can verify their allotment status through the following platforms:

  • BSE: https://www.bseindia.com/investors/appli_check.aspx

  • KFin Technologies (Registrar): https://kosmic.kfintech.com/ipostatus/

To access their allotment results, investors must provide relevant details such as their PAN, application number, or DP ID/client ID.

Investors should stay tuned for further updates and follow the company’s upcoming announcements to make informed investment decisions.

Disclaimer

This content is for informational purposes only and the same should not be construed as investment advice. Bajaj Finserv Direct Limited shall not be liable or responsible for any investment decision that you may take based on this content.

Source

  • Company's official website: https://www.theleela.com/investors

  • SEBI - Red Herring Prospectus: https://www.sebi.gov.in/filings/public-issues/may-2025/schloss-bangalore-limited-rhp_94063.html

  • Business Standard: https://www.business-standard.com/markets/capital-market-news/schloss-bangalore-the-leela-ipo-ends-with-4-50x-subscription-125052900614_1.html

Hi! I’m Roshani Ballal
Financial Content Specialist

Roshani has over 6 years of experience and has honed her skills in performance content marketing in the financial domain. She loves diving into research and has crafted and overviewed creative copies, long-form financial content, engaging blogs, and informative articles. She specialises in delivering user-oriented content and solving problems through various content formats. On the side, Roshani enjoys writing poems-that's how she stays creative when she is not crunching numbers.

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