Leela Hotels IPO subscribed 6% on Day 1

Brookfield-backed Schloss Bangalore's initial public offering (IPO) is a book-built issue that aims to raise ₹3,500 crore from the Indian stock market. Schloss Bangalore owns the pan-India luxury hotels and resorts chain under the brand “The Leela.” The Leela Hotels IPO opened for public subscription on Monday, 26 May 2025, and is scheduled to close after three trading days on Wednesday, 28 May 2025. The company has fixed the price band for the initial public offering (IPO) in the range of ₹413 to ₹435 per share with a lot size of 34 shares per lot. The IPO combines a fresh issue of equity shares worth ₹2,500 crore with a nearly ₹1,000 crore offer-for-sale (OFS) component. Source - Mint