Schloss Bangalore Ltd - IPO

Schloss Bangalore Ltd IPO Details

Initial public offering of 80,459,769 equity shares bearing face value of Rs. 10/- each (the Equity Shares) of Schloss Bangalore Limited (Company or Issuer) for cash at a price of Rs.435/- per equity share (Including a Share Premium of Rs.425/- per Equity Share) (the Offer Price) aggregating up to Rs.3500.00* crores (the Offer) comprising a fresh issue of 57,471,264equity shares aggregating up to Rs.2500.00 crores (the Fresh Issue) and an offer for sale of 22,988,505 equity shares aggregating up to Rs.1000.00 crores by the promoter selling shareholder (As Defined Hereinafter) (the Offer for Sale and such equity shares, the Offered Shares). The face value of the equity shares is Rs. 10/- each and the offer price is 43.5 times the face value of the equity shares.

Objective of issue

Repayment/prepayment/redemption, in full or in part of certain outstanding borrowings availed by the company. Certain of its subsidiary namely Schloss Chanakya Schloss Chennai,Schloss Udaipur and TPRPL through investment in such subsidiary. General corporate purposes.

Schloss Bangalore Ltd Contact Details

Schloss Bangalore Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814

Email - cs@theleela.com

Website - www.theleela.com