Ratio of the yield of strange hadrons to pions is considered now as an important observable in studying the properties of the system produced in relativistic heavy ion collisions. Production of strange hadrons K, K, Λ, Σ, Ξ and Ω have been evaluated microscopically using rate equations by considering their hadronic interaction cross sections in an expanding medium. The yields obtained from rate equations are normalised with thermal pions and compared with the measurements from Pb-Pb collisions at various multiplicities at LHC energy. The calculation has been done for various initial and freeze out conditions. It is observed that each species prefers a freeze out temperature-leading to a multiple freeze out scenario of strange hadrons.