Schloss Bangalore IPO subscribed 17%

New Delhi: The initial share sale of Schloss Bangalore, which operates Leela Palaces Hotels and Resorts, got subscribed 17 per cent on the second day of bidding on Tuesday. The Initial Public Offer (IPO) received bids for 76,99,164 shares against 4.66 crore (4,66,10,169) shares on offer, according to data available with the NSE. The portion for Retail Individual Investors (RIIs) received 41 per cent subscription while the quota for non-institutional investors got subscribed 11 per cent. Qualified Institutional Buyers (QIBs) part attracted 11 per cent subscription. Schloss Bangalore Ltd has garnered Rs 1,575 crore from anchor investors. The issue, with a price band of Rs 413-435 per share, will conclude on Wednesday.