Schloss Bangalore, owner of The Leela Hotels and Resorts will open its ₹3,500 crore IPO on May 26. The IPO includes a fresh issue of ₹2,500 crore and an offer for sale of ₹1,000 crore worth of shares by promoter Project Ballet Bangalore Holdings. The three-day IPO will close on May 28, with shares likely to list on June 2.