Schloss Bangalore IPO
Schloss Bangalore Limited (THELEELA) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 02 June 2025.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +7.0% (likely range +5% to +21%), day's high +32.2%, chance of a gain 82%. Actual: -6.7% at the open, +0.9% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 2,54,23,729 | 18,96,63,322 | 7.46x | |
| NII (HNI) total | 1,27,11,864 | 1,29,96,908 | 1.02x | |
| Big NII (above ₹10 lakh) | 84,74,576 | 97,04,076 | 1.15x | |
| Small NII (₹2-10 lakh) | 42,37,288 | 32,92,832 | 0.78x | |
| Retail | 84,74,576 | 70,13,622 | 0.83x | |
| Total | 4,66,10,169 | 20,96,73,852 | 4.50x |
Bids on NSE and BSE together, as published by NSE, as of 28 May 2025, 07:00 PM. Shares offered exclude the anchor portion. 3% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Schloss Bangalore's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| ICICI Lombard General Insurance CompanySep 2017 | 8.17x | 0.83x | 1.23x | 2.98x | ₹5,701 Cr | -1.5% | +5.0% |
| Vedant FashionsFeb 2022 | 7.49x | 1.07x | 0.39x | 2.57x | ₹3,149 Cr | +8.0% | +14.6% |
| SAMHI HotelsSep 2023 | 8.82x | 1.22x | 1.11x | 5.33x | ₹1,429 Cr | +6.8% | +16.4% |
| Vijaya Diagnostic CentreSep 2021 | 13.1x | 1.32x | 1.09x | 4.54x | ₹1,895 Cr | +1.7% | +22.0% |
| SBI Life Insurance CompanySep 2017 | 12.6x | 0.70x | 0.85x | 3.58x | ₹8,400 Cr | +5.0% | +5.7% |
| Varroc EngineeringJun 2018 | 9.16x | 2.45x | 0.95x | 3.59x | ₹1,955 Cr | +5.0% | +9.8% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| JM Financial | 109 | +22.8% | 75% |
| BofA Securities India | 18 | +30.6% | 72% |
| Morgan Stanley India Company | 24 | +13.9% | 67% |
| J.P. Morgan India | 27 | +17.4% | 74% |
| Kotak Mahindra Capital Company | 83 | +20.8% | 76% |
| Axis Capital | 107 | +20.4% | 73% |
| Citigroup Global Markets India | 35 | +14.2% | 63% |
| IIFL Capital Services | 94 | +19.3% | 71% |
| ICICI Securities | 109 | +21.3% | 69% |
| Motilal Oswal Investment | 47 | +15.0% | 72% |
| Advisors | — | — | — |
| SBI Capital Markets | 56 | +16.7% | 61% |
Offer documents (NSE)
Frequently asked
What is the Schloss Bangalore IPO price band and lot size? ₹413–435 per share, with a lot of 34 shares, so the smallest retail bid is ₹14,790.
How many times has it been subscribed? 4.50x overall: QIB 7.46x, NII 1.02x, retail 0.83x.
How did it list? It opened at ₹406, -6.7% against the issue price of ₹435, and closed its first day +0.1%.
