BENGALURU, Sept 20 (Reuters) - India's Schloss

Bangalore, owner of the luxury hotel chain 'The Leela', filed

for a 50 billion rupee ($599 million) initial public offering,

draft papers on Friday showed.

The company would issue fresh shares worth 30 billion

rupees, while existing shareholder Project Ballet Bangalore

Holdings (DIFC), an affiliate of Brookfield Asset Management ( BAM )

, will sell shares worth 20 billion rupees.

As of mid-September, about 235 companies have gone public in

the country and raised more than $8.6 billion, which exceeds the

total amount raised last year, LSEG data showed.

India's benchmark Nifty 50 index has hit record

highs more than 50 times so far this year.

The company has 12 operational hotels across ten cities in

India and is planning to add eight new hotels through 2028,

Schloss said in its IPO prospectus.

($1 = 83.4820 Indian rupees)