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Schloss Bangalore recovers to end flat on listing day

  • Schloss Bangalore's stock listed at ₹406 and closed at ₹435.55 on the NSE.
  • The IPO, backed by Brookfield Asset Management, was subscribed 4.50 times, driven by last-day bids from qualified institutional buyers.
  • The QIB portion was subscribed 7.46 times, while retail investors’ portion was undersubscribed at 0.83 times.
  • The IPO raised ₹1,575 crore from 47 anchor investors, with proceeds to be used for corporate purposes and repaying loans worth ₹2,300 crore.

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