Schloss Bangalore, a luxury hotel and resort operator under the Leela brand, is set to enter the Indian capital markets with its Draft Red Herring Prospectus (DRHP) submitted to the Securities and Exchange Board of India. The IPO aims to raise ₹5,000 crore through an Initial Public Offering, with an additional ₹2,000 crore generated via an offer-for-sale by its sole promoter. A substantial portion of the IPO proceeds will be dedicated to repaying debt at both the parent company and its subsidiaries. The remaining funds will be allocated for general corporate purposes, improving operational efficiency and exploring growth opportunities.
