Schloss Bangalore Ltd. makes a weak debut on the bourses with scrip got listed at Rs 0.00 on the Bombay Stock Exchange, a 100.00 per cent discount to its issue price of Rs 435.00. On the National Stock Exchange, the stock was listed at Rs 406.00.

The company, which raised 8.05 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 804.60 lakhs shares.

The company, listed under B Group Securities post its IPO, opened for subscription from May 26 to May 28.

Following a weak opening, the scrip touched an intraday high of Rs [BSEHighPrice] and a low of Rs [NSEHighPrice], before closing the session [UpDown] by [ChangePer] per cent to its listing price at Rs [ClosingPriceBSE] on the BSE.

The company anticipates using the proceeds of the issue for (a) our Company(b) certain of our wholly owned Subsidiaries, and stepdown subsidiaries namely, Schloss Chanakya, Schloss Chennai, Schloss Udaipur and TPRPL, through investment in such Subsidiaries General corporate purposes.

Kotak Mahindra Capital Company Ltd.,ICICI SECURITIES LTD,JP Morgan India Private Limited.,JM Financial Institutional Securities Limited.,Motilal Oswal Investment Advisors Private Limited,Citigroup Global Markets India Private Limited,BofA Securities India Limited,Axis Capital Ltd.,IIFL Capital Services Limited,SBI Capital Markets Ltd.,Morgan Stanley India Company Pvt. Ltd. as lead managers & KFin Technologies Ltd. is the registrar, to the issue.

Meanwhile, the broader benchmark BSE Sensex closed trade at 81,451.01, down 182.01 points, or 0.22 per cent.