Latest news with #SchlossBangaloreLtd
News18
2 days ago
- Business
- News18
Schloss Bangalore reports Q1 net profit at Rs 8.7 cr
Agency: PTI New Delhi, Jul 22 (PTI) Hospitality firm Schloss Bangalore Ltd, which operates luxury hotel chain under 'The Leela' brand, on Tuesday reported a consolidated net profit of Rs 8.7 crore in the first quarter ended June 2025. The company had posted a consolidated net loss of Rs 74.99 crore in the corresponding period of the last fiscal, Schloss Bangalore Ltd said in a regulatory filing. Its consolidated revenue from operations in the quarter under review stood at Rs 274.79 crore against Rs 228.24 crore in the year-ago period, it added. The company's total expenses were higher at Rs 173.36 crore in the first quarter compared to Rs 161.9 crore a year ago. Schloss Bangalore CEO Anuraag Bhatnagar said it was supported by a 20 per cent year-on-year RevPAR (revenue per available room) growth, with market share gains that outpaced the luxury hospitality sector. The company said growth was further supported by a rise in bookings through direct channels – especially at resort locations – along with strong demand in MICE and F&B verticals. On the way ahead, Bhatnagar said, 'We are entering a defining phase of growth with eight hotels under development, including our strategic expansion into Mumbai through a landmark mixed-use development in BKC, featuring a 250-key ultra-luxury hotel, complementing the 63 high-end serviced apartments under development near Mumbai International Airport". The Leela currently operates 13 properties with 3,544 keys across 11 cities in India, comprising five owned, seven managed, and one franchised hotel. PTI RKL BAL BAL view comments First Published: July 22, 2025, 17:45 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
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Business Standard
09-07-2025
- Business
- Business Standard
Godrej Properties to Adani Realty: Biggest land deals of 2025 decoded
India's real estate sector witnessed a series of high-value and high-impact land transactions in the first half of 2025, as developers and corporates sharpen their focus on manufacturing, logistics, residential, and data-driven infrastructure. According to ANAROCK Research & Advisory, the biggest deals range from plotted developments to semiconductor plants. Largest Deals by Value and Purpose Lam Research made the biggest land buy of H1 2025, acquiring 25 acres in Bengaluru for ₹1,125 crore to set up a semiconductor equipment manufacturing plant—a major boost for India's electronics manufacturing ecosystem. A consortium comprising Schloss Bangalore Ltd, Arliga Ecospace Business Parks, and Schloss Chankya Pvt Ltd sealed a ₹1,302 crore commercial land deal in Mumbai, spanning 8.31 acres, one of the highest-value urban commercial transactions this year. In the data centre space, NTT Global Data Centers acquired 2.39 acres in Mumbai for ₹855 crore, reflecting continued investment in digital infrastructure. Omaxe Ltd purchased 260 acres in Amritsar for ₹1,000 crore, marking one of the largest township land buys of the year. Mixed Use and Plotted Projects Continue to Attract Big Names Max Estate bought 10.33 acres in Noida for ₹711 crore for a mixed-use development, while Godrej Properties entered Indore's plotted development market with a ₹120 crore acquisition. Brigade Group picked up 4.4 acres in Bengaluru for ₹220 crore, aiming for premium residential development, while Prestige Group & Arihant Group teamed up for a ₹361 crore residential project in Chennai. Arvind Smartspace emerged as a major player, securing two separate deals in Ahmedabad—a 440-acre JDA for an industrial & logistics park, and 150 acres for plotted residential development. EcoBox Industrial Parks invested ₹400 crore in 50 acres in Chennai to expand industrial and logistics capacity, highlighting the region's strategic location advantage. JDAs Rise Sharply, Marking Shift in Strategy One of the standout trends from the report is the 150% year-on-year growth in Joint Development Agreements (JDAs), a sign of increasing collaboration between landowners and developers. This model offers risk sharing, capital efficiency, and aligns with long-term infrastructure growth, particularly along economic corridors. Regional Snapshot: Between 2021 and 2024, the National Capital Region (NCR) recorded the highest number of land deals (92) and the largest value of land transactions, totaling around ₹26,100 crore. Meanwhile, Mumbai Metropolitan Region (MMR) stood out for the highest-value single land deal of ₹5,200 crore in 2023, and largest total land area transacted at 1,745 acres. Notably, Hyderabad saw one of the biggest single land deals with a 600-acre acquisition during the same period. What it means The land acquisition trends from H1 2025 reflect a shifting real estate narrative in India. While residential demand remains strong, there is accelerated interest in industrial, logistics, digital infrastructure, and manufacturing parks, in sync with national priorities like 'Make in India', data localization, and supply chain optimization.
Time of India
02-06-2025
- Business
- Time of India
Leela hotels makes weak market debut, list 7% below IPO price
NEW DELHI: Luxury hotel chain Schloss Bangalore Ltd, which operates the iconic "The Leela" brand in India, made a subdued debut on the stock exchanges on Monday, listing at a discount of nearly 7% from its issue price. The stock listed at Rs 406 on the NSE and Rs 406.50 on the BSE , lower than the IPO issue price of Rs 435. The IPO was open for subscription from May 26 to May 28, with a price band of Rs 413 to Rs 435 per share. Despite strong brand value and expanding operations, investor sentiment remained cautious. The IPO, which was subscribed 4.5 times. As of May 2024, Schloss Bangalore operates 12 luxury properties across 10 Indian cities, with a total of 3,382 rooms under The Leela Palaces, Hotels, and Resorts. Indian benchmark indices Sensex and Nifty witnessed a sharp decline on Monday morning, influenced by negative trends across Asian markets and growing global trade worries. According to market analysts, the selling pressure intensified due to continued withdrawal of funds by foreign investors. The BSE Sensex index fell by 762.24 points to reach 80,688.77 during early trading hours. Similarly, the NSE Nifty declined by 212.25 points to 24,538.45. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
News18
02-06-2025
- Business
- News18
Leela Hotels' Shares List At 6.6% Discount: Should You Buy, Hold Or Sell?
Last Updated: Schloss Bangalore Ltd, owner of Leela Palaces Hotels and Resorts, debuts weakly on the stock market, listing at Rs 406 on NSE, which is 6.67% below IPO price. Leela Hotels IPO Listing: Schloss Bangalore Ltd, the owner of Leela Palaces Hotels and Resorts, on Monday made a weak stock market debut. On the NSE, shares of the company was listed at Rs 406 apiece, which was 6.67 per cent lower than the IPO price. On the BSE, the stock listed at a discount of 6.55 per cent at Rs 406.5 apiece. The IPO price was fixed at Rs 435 per share. The Leela Hotels IPO, which was open for public subscription between March 26 and March 28, received a 4.72 times subscription, with a bidding of 20,87,17,330 shares against the offered shares of 4,42,52,875. The retail quota was not fully subscribed and received just 0.87 times subscription, while NII participation also remained low at 1.08 times. Its qualified institutional buyer (QIB) category got a 7.82 times subscription. Its grey market premiums (GMP), which indicate listing gain/ loss, already indicated a negative listing. Should You Hold, Buy or Sell? Most brokerage had mentioned that the IPO must with subscribed only with Caution and it is for high-risk, long-term investors. Bajaj Broking recommended the IPO for long-term view. First Published: June 02, 2025, 10:03 IST
News18
02-06-2025
- Business
- News18
Leela Hotels IPO Listing Today: What GMP Signals Ahead Of BSE, NSE Debut On Monday
Last Updated: Leela Hotels IPO GMP: The Leela Hotels IPO received a 4.72 times subscription, with a bidding of 20,87,17,330 shares against the offered shares of 4,42,52,875. Leela Hotels IPO GMP: The shares of Leela Hotels IPO (Schloss Bangalore Ltd) are set to debut on Monday, June 2, on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). The allotment was finalized on May 29. The listing will occur at 10 AM on both exchanges. The Leela Hotels IPO received a 4.72 times subscription, with a bidding of 20,87,17,330 shares against the offered shares of 4,42,52,875. The retail and NII participation stood at 0.87 times and 1.08 times, respectively. Its qualified institutional buyer (QIB) category got a 7.82 times subscription. Let's see what GMP indicates ahead of the listing today (listing price prediction). According to various market observers, the current grey market premium of the Leela Hotels IPO indicates a muted listing. The expected listing of IPO would take place at a premium of just 1 per cent around Rs 439, from the upper price band of Rs 435 per share. Leela Hotels IPO Details The three-day subscription window opened between May 26 and May 28. The IPO aimed to raise Rs 3,500 crore, with Rs 2,500 crore from a fresh issue and Rs 1,000 crore from an OFS. The raising amount is down from earlier planned of Rs 5000 crore. The price band for the issue was set at Rs 413 to Rs 435 per share, with a minimum bid quantity of 34 shares, which translates to a minimum investment of Rs 14,790 at the upper end of the price band for retail investors. A Step-By-Step Guide To Check Allotment Status 2) Under 'Issue Type', select 'Equity'. 3) Under 'Issue Name', select 'Schloss Bangalore Ltd' in the dropbox. 4) Enter your application number, or the Permanent Account Number (PAN). 5) Then, click on the 'I am not a robot' to verify yourself and hit the 'Search' option. Your share application status will appear on your screen. You can also visit directly on the registrar Kfin Technologies' portal — and check the Leela Hotels IPO allotment status. The allotment status can also be checked on the NSE's website at Leela Hotels IPO Objectives Leela Hotels plans to utilise Rs 2,500 crore from the fresh issue for the following purposes: – Repayment of outstanding borrowings: Approximately Rs 2,300 crore will be used to repay/pre-pay certain borrowings of the company and its subsidiaries. – General corporate purposes: A portion of the IPO proceeds will be allocated for general corporate purposes, not exceeding 25% of the gross proceeds. Leela Hotels Financials Schloss Bangalore Limited's financial performance shows a 15% increase in revenue and a significant 2341% rise in profit after tax (PAT) between the financial years ending March 31, 2024, and March 31, 2025. As of March 31, 2025, the company's assets stood at Rs 8,266.16 crore, with revenue at Rs 1,406.56 crore and PAT at Rs 47.66 crore. The company's net worth improved to Rs 3,604.99 crore, and its total borrowings were Rs 3,908.75 crore. Leela Hotels operates 3,553 keys across 13 hotels under The Leela Palaces, Hotels, and Resorts, with a strategic presence in 10 key destinations in India, covering a significant portion of international and domestic air traffic in FY 25. Leela Hotels Promoters Project Ballet Bangalore Holdings (DIFC) Pvt Ltd, BSREP III Joy (Two) Holdings (DIFC) Limited, BSREP III Tadoba Holdings (DIFC) Pvt Ltd, Project Ballet Chennai Holdings (DIFC) Pvt Ltd, Project Ballet Gandhinagar Holdings (DIFC) Pvt Ltd, Project Ballet HMA Holdings (DIFC) Pvt Ltd and Project Ballet Udaipur Holdings (DIFC) Pvt Ltd are the company promoters. Leela Hotels Founded in 1986, Schloss Bangalore is the parent company of the luxury hotel chain 'The Leela' in India, one of the largest luxury hospitality chains in the country in terms of the number of keys. Stay updated with all the latest news on the Stock Market, including market trends, Sensex and Nifty updates, top gainers and losers, and expert analysis. Get real-time insights, financial reports, and investment strategies—only on News18. Location : New Delhi, India, India First Published: June 02, 2025, 07:53 IST News business » markets Leela Hotels IPO Listing Today: What GMP Signals Ahead Of BSE, NSE Debut On Monday
