Five Things To Know Before You Subscribe To The Leela Hotels IPO

Schloss Bangalore, the operator of the renowned Indian luxury hotel chain 'The Leela', has announced a price band of Rs 413 to Rs 435 per share for its upcoming Rs 3,500-crore initial public offering. The IPO will consist of fresh equity shares worth Rs 2,500 crore and an offer for sale component totaling Rs 1,000 crore. The IPO is scheduled to open on May 26 and will close on May 28.