Face value of ₹ 10 each aggregating up to ₹35,000.00 million to open on Monday May 26,2025
· Bid/ Offer Opening Date – Monday, May 26, 2025 and Bid/ Offer Closing Date – Wednesday May 28, 2025, Bids can be made for a minimum of 34 Equity Shares
Chandigarh: Schloss Bangalore Limited (the “Company” or the brand “The Leela”) proposes to open on Monday, May 26,2025, an initial public offering (“Offer”) of equity shares bearing face value of ₹10 each (“Equity Shares”) aggregating up to ₹ 35,000 million (₹ 3,500 crore).
The Offer comprises a Fresh Issue of Equity Shares aggregating up to ₹25,000 million (₹2,500 crore) (the “Fresh Issue”) and an Offer for Sale of Equity Shares aggregating up to ₹10,000 million (₹1,000 crore) by the Selling Shareholder – Project Ballet Bangalore Holdings (DIFC) Pvt Ltd (“Promoter Selling Shareholder”).
Further, 5% of the Net QIB Portion shall be available for allocation on a proportionate basis to Mutual Funds only and the remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to all QIBs, including Mutual Funds, subject to valid Bids being received at or above the Offer Price. If at least 75% of the Offer cannot be Allotted to QIBs, then the entire application money will be refunded forthwith.
Further, not more than 15% of the Offer shall be available for allocation to non-institutional investors (“Non-Institutional Investors” or “NIIs”) (the “Non- Institutional Portion”) of which one-third of the Non-Institutional Portion shall be available for allocation to Bidders with an application size of more than ₹200,000 and up to ₹1,000,000 and two thirds of the Non-Institutional Portion shall be available for allocation to Bidders with an application size of more than ₹1,000,000 and under-subscription in either of these two sub-categories of Non-Institutional Portion may be allocated to Bidders in the other sub-category of Non-Institutional Portion in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price.
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