Leela Hotels IPO Debuts Lower

  Published 10 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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