Overview

• The IPO opened on May 26 and closed May 28 with subscriptions totaling 4.5 times the 4.66 crore shares on offer.
• Qualified institutional buyers bid 7.76 times their allocation, while non-institutional investors and retail participants subscribed at 1.02 and 0.83 times respectively.
• Priced between Rs 413 and Rs 435 per share, the Rs 3,500 crore issue comprises a Rs 2,500 crore fresh issue for debt repayment and a Rs 1,000 crore offer-for-sale.
• Schloss Bangalore Ltd reported FY25 revenue of Rs 1,406.56 crore with a net profit of Rs 47.66 crore, operating 13 hotels with 3,553 keys under The Leela brand.
• Final allotment is set for May 29 ahead of a scheduled listing on the BSE and NSE on June 2.