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Leela Hotels Shares Close Higher After Listing At Discount

  • Leela Hotels operator Schloss Bangalore Ltd.'s shares closed at Rs 435.55 apiece, up 6.85% on listing day.
  • The stock debuted on the National Stock Exchange at Rs 406 apiece, at a discount of 6.67%.
  • Schloss Bangalore plans to expand its luxury hospitality footprint by adding seven new properties by 2028, both within India and internationally, contributing over 678 new keys to its portfolio.
  • The IPO of Schloss Bangalore was subscribed 4.5 times on its final day, led by institutional buyers, while retail investor participation remained undersubscribed.

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