Leela Hotels IPO Debuts Lower

Published 11 months ago

Shares of Schloss Bangalore (SCHL.NS), owner of The Leela hotels, experienced a disappointing market debut, falling 6.7% on Monday despite being heavily oversubscribed during its $409 million IPO. The stock is listed below its issue price.

IPO was oversubscribed nearly five times.
Listed at 406 rupees vs. 435 rupees issue price.
SCHL.NS is the parent company of The Leela.

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