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.