Mumbai, May 29 -- The initial public offer (IPO) of Schloss Bangalore (The Leela) received bids for 20,96,73,852 shares as against 4,66,10,169 shares on offer. The issue was subscribed 4.50 times.

The Qualified Institutional Buyers (QIBs) category was subscribed 7.46 times. The Non-Institutional Investors (NIIs) category was subscribed 1.02 times. The Retail Individual Investors (RIIs) category was subscribed 0.83 times.

The issue opened for bidding on Monday, 26 May 2025 and it closed on Wednesday, 28 May 2025. The price band of the IPO is fixed between Rs 413 and 435 per share.

The IPO consisted of a fresh issue of Rs 2500 crore and an offer-for-sale (OFS) of up to Rs 1,000 crore. At the higher price band of Rs 435, the OFS comprises...