New Delhi, May 22 -- Shares of Schloss Bangalore Ltd, the company behind India's renowned luxury hotel chain The Leela, will soon debut on the stock market, with its initial public offering (IPO) set to open for subscription on Monday, May 26. The three-day offer will close on Wednesday, May 28, with a price band fixed at Rs.413 to Rs.435 per equity share.

The public issue will comprise a book-built offering of Rs.3,500 crore. This includes a fresh issue of approximately 5.75 crore equity shares amounting to Rs.2,500 crore, and an offer for sale (OFS) of 2.3 crore shares worth Rs.1,000 crore by existing shareholders. The minimum lot size for retail investors has been fixed at 34 shares, translating to a minimum investment of Rs.14,042 at...