The Leela Hotels Operator Schloss Bangalore IPO — Should You Subscribe? Read Anand Rathi's Analysis

The Leela Hotels' Rs 3,500-crore IPO comprises of fresh equity shares worth Rs 2,500 crore and an offer-for-sale component totaling Rs 1,000 crore. Investors can place bids starting from a minimum of 34 shares and in multiples thereafter..NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Anand Rathi Report.The Leela Hotels Operator Schloss Bangalore Ltd. will launch its initial public offering on May 26 and the offer will remain open for subscription till May 28. The luxury hospitality brand has set a price band of Rs 413 to Rs 435 per share. The Rs 3,500-crore IPO comprises of fresh equity shares worth Rs 2,500 crore and an offer-for-sale component totaling Rs 1,000 crore.Investors can place bids starting from a minimum of 34 shares and in multiples thereafter..Objects of the Issue Repayment of certain borrowings availed by company and their subsidiaries. General corporate purposes..Valuation Schloss Bangalore has a leading Luxury Hospitality Brand with Rich Heritage and Global Appeal with marquee Owned Hotels in Markets with High Barriers to Entry and comprehensive Luxury Ecosystem Resulting in Diversified Revenue Sources along with track Record of Driving Operational Efficiency by their Active Asset Management Approach. At the upper price band company is valuing at P/E of 266.8x, P/S of 11.2x and market cap of Rs 1,45,271 million with EV/Ebitda of 30x post issue of equity shares. We believe that the IPO is fairly priced and recommend a “Subscribe-Long term” rating to the IPO..Click on the attachment to read the full report:.The Leela Hotels Operator, Schloss Bangalore Sets IPO Price Band.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

The Leela Hotels Operator Schloss Bangalore IPO — Should You Subscribe? Read Anand Rathi's Analysis

The Leela Hotels' Rs 3,500 crore IPO will open for subscription on May 26 and the luxury hospitality brand has fixed the price band of Rs 413-435 apiece.

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The Leela Hotels Operator Schloss Bangalore IPO — Should You Subscribe? Read Anand Rathi's Analysis

The Leela Hotels' Rs 3,500 crore IPO will open for subscription on May 26 and the luxury hospitality brand has fixed the price band of Rs 413-435 apiece.

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