New Delhi, June 2 (H.S.): Schloss Bangalore, part of the Leela Group, faced a disappointing IPO listing with shares priced at ₹435. They debuted at ₹406.50 on the Bombay Stock Exchange, showing a 6.55% discount, and at ₹406 on the National Stock Exchange, at a 6.67% discount. Initial trading opened with significant declines, but market buying soon boosted stock prices.

By 11 a.m., shares rose to ₹433.75, reducing IPO investors' losses to just 0.29%. The ₹3,500 crore IPO, open from May 26 to May 28, was heavily subscribed at 4.72 times. Before the IPO, ₹1,575 crore was raised through an anchor book, with 5.75 crore new shares issued and 2.30 crore shares sold by promoters.

Hindusthan Samachar / Jun Sarkar