&format=webp&quality=medium)
The basis of allotment for Schloss Bangalore (Leela Hotels) IPO is likely to be finalised today, Thursday, May 29, 2025. Investors who participated in the IPO, which was open for subscription from May 26 to May 28, can check their allotment status online via the official registrar or stock exchange websites.
The Rs 3,500-crore initial public offering attracted healthy interest, subscribing 4.50 times overall. According to BSE data, the Retail Individual Investors (RIIs) portion was subscribed 83 per cent, while the Non-Institutional Investors (NIIs) segment recorded 1.02 times subscription. The Qualified Institutional Buyers (QIBs) category led the bidding with 7.46 times subscription.
The price band for the IPO was fixed at Rs 413 to Rs 435 per share. The issue included a fresh equity issue worth Rs 2,500 crore and an offer-for-sale (OFS) component of Rs 1,000 crore by promoter Project Ballet Bangalore Holdings (DIFC). Prior to the IPO opening, the company had raised Rs 1,575 crore from anchor investors.
The shares of Schloss Bangalore are likely to be listed on the stock exchanges on June 2, 2025.