Schloss Bangalore, owner of The Leela hotels, experienced a disappointing market debut, opening 7% lower and currently down 1.8%. Despite a heavily oversubscribed IPO, the stock is trading below its issue price amidst a broader market decline.

• IPO was oversubscribed nearly five times.
• The issue price was set at 435 rupees.
• Nifty 50 index is currently down 0.6%.