Leela Hotels IPO, May 23 -- The initial public offering (IPO) of Schloss Bangalore Ltd, the operator of the luxury hotels brand "The Leela" in India, will open for public subscription next week. The company aims to raise up to Rs.3,500 crore from the primary market.

The company's portfolio comprises 3,553 keys across 13 operational hotels under the brands of The Leela Palaces, The Leela Hotels and The Leela Resorts, placing the company among the largest luxury hospitability players in India.

Out of the total portfolio, 5 properties are owned and managed by the company, 7 are managed properties and 1 is a franchised property. As of December 2024, its portfolio was present in all 7 top business markets and 3 of the top 5 leisure markets o...