The firm in its draft red herring prospectus (DRHP) revealed that it plans to raise Rs 3,000 crore via a fresh issue of equity and Rs 2,000 crore through an offer-for-sale (OFS) component

Schloss Bangalore, parent of The Leela hotel chain, has filed DHRP for a ₹5,000 crore IPO, intending to raise ₹3,000 crore through new shares and ₹2,000 crore via an offer for sale. ;

Schloss Bangalore, owner of Indian luxury hotel chain 'The Leela', has filed for a 50 billion rupee ($599 million) IPO on Friday, aiming to cash in on the country's red-hot stock market.

Schloss Bangalore, parent company of the Leela Hotels, has filed for a $599 million IPO, the largest ever in India's hotel industry.

Schloss Bangalore, parent of The Leela hotel chain, has filed DHRP for a ₹5,000 crore IPO, intending to raise ₹3,000 crore through new shares and ₹2,000 crore via an offer for sale

If successful, this would be the largest IPO in the hotel sector in the Indian stock market to date. Leela Palaces was founded in 1986 by CP Krishnan Nair and is currently owned by Brookfield Asset Management.

Schloss is issuing fresh shares worth 30 billion rupees, while shareholder Project Ballet Bangalore Holdings (DIFC), an affiliate of Brookfield Asset Management, is selling shares worth 20 billion rupees.