Leela Hotels IPO, May 26 -- The public offering of Schloss Bangalore Ltd, which manages Leela Palaces Hotels and Resorts, begins its public subscription today (Monday, May 26). Backed by Brookfield, the Schloss Bangalore IPO raised Rs.1,575 crore from anchor investors just days prior to its opening for public subscription. Leela Hotels IPO price band has been fixed at Rs.413-435 per share. Leela Hotels IPO lot size is 34 equity shares and in multiples of 34 equity shares thereafter.

Leela Hotels IPO has reserved not less than 75% of the shares in the public issue for qualified institutional buyers (QIB), not more than 15% for non-institutional Institutional Investors (NII), and not more than 10% of the offer is reserved for retail invest...