Schloss Bangalore Secures Rs 1,575 Crore from Anchor Investors Pre-IPO

By siliconindia | Saturday, 24 May 2025, 06:26 Hrs

Schloss Bangalore Limited raised Rs 1,575 crore from 47 anchor investors ahead of its IPO.
Key investors include Goldman Sachs, Fidelity, and nine domestic mutual funds.
The strong response highlights confidence in India’s luxury hospitality sector and supports the company’s expansion plans.

Schloss Bangalore Limited, the entity managing The Leela Palaces Hotels & Resorts and supported by Brookfield has successfully attracted Rs 1,575 crore from a group of 47 prominent domestic and international anchor investors. This funding was obtained prior to its forthcoming initial public offering (IPO), with shares issued at the upper limit of the price range of Rs 435 per equity share.

The company allocated over 3.62 crore equity shares to the anchor investors as part of this pre-IPO placement. Significantly, nine domestic mutual funds took part in the anchor book, subscribing to around 1.42 crore shares across 20 different schemes. This demonstrates strong interest from institutional investors and a solid endorsement of the company’s growth prospects and business fundamentals.

Among the noteworthy global institutional backers in this investment round are Goldman Sachs, Fidelity, and Societe Generale, which further highlights the international attractiveness of India’s premium hospitality sector. The considerable interest from both local and global entities signifies a rising demand for investments in hospitality and tourism in India, especially as the sector recovers post-pandemic and capitalizes on increased domestic and international travel.

Schloss Bangalore Limited, operating under the Leela brand, oversees and runs one of India’s most renowned luxury hotel and resort chains, celebrated for its unique combination of Indian hospitality and exceptional service. The capital acquired will play a crucial role in facilitating the company’s future expansion plans, enhancing brand visibility, and further bolstering its operational capabilities.

The successful anchor book is anticipated to boost sentiment regarding the company’s IPO, improving its chances for a strong debut in the market. Market analysts view this development as a favorable sign of renewed institutional confidence in India’s luxury hospitality sector, particularly with the backing of a global investor like Brookfield. With this fundraising, Schloss Bangalore Limited prepares for a potentially prominent listing, amidst increasing optimism in India’s travel, tourism, and real estate-driven hospitality sector.