New Delhi, June 2 -- Luxury hospitality chain Schloss Bangalore, which operates hotels under the brand "The Leela" in India, witnessed a tepid stock market debut on Monday, June 2. Leela Hotels IPO shares listed at around a 6.5% discount to their initial public offering (IPO) price on the exchanges today.

On the NSE, Leela Hotels share price opened at Rs.406, down 6.67% from its IPO price of Rs.435. Meanwhile, on the BSE, Leela Hotels stock debuted at a 6.55% discount at Rs.406.50.

The listing was below the Leela Hotels' IPO GMP of Rs.2 apiece earlier today.

The Leela Hotels IPO, which ran for subscription from May 26 to May 28, was priced in the range of Rs.413 to Rs.435 per share.

The company raised Rs.3,500 crore via the public iss...