Schloss Bangalore IPO: Rocky Market Debut

  Published 10 months ago

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%.

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