Schloss Bangalore Ltd

Schloss Bangalore Ltd, operator of the prestigious Leela Palaces Hotels and Resorts, witnessed a 17% subscription rate on the second day of its Rs. 3,500 crore initial public offering (IPO). The issue, comprising Rs. 2,500 crore fresh equity and a Rs. 1,000 crore offer-for-sale by promoter Project Ballet Bangalore Holdings, has attracted Rs. 1,575 crore from anchor investors. Retail investors showed strong interest with a 41% subscription rate, while non-institutional and qualified institutional buyers exhibited more cautious demand. The offering, priced between Rs. 413 and Rs.

Schloss Bangalore Ltd, the operator of India’s iconic Leela Palaces, Hotels and Resorts, has successfully secured Rs. 1,575 crore from anchor investors ahead of its highly anticipated Rs. 3,500 crore initial public offering (IPO). The anchor round drew enthusiastic participation from a mix of heavyweight domestic mutual funds and prominent global institutional investors, reflecting strong confidence in the hospitality brand's growth trajectory. The IPO, opening to the public from May 26–28, will help the Brookfield-backed company pare down debt and fund corporate initiatives.