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Brigade Hotel Ventures IPO is a bookbuilt issue of Rs 759.60 crore. This issue is entirely a fresh issue of 8.44 crore shares with no offer for sale.
The IPO opens for subscription on July 24, 2025, and closes on July 28, 2025. The allotment is expected to be finalized on Tuesday, July 29, 2025. The price band for the IPO is set at ₹85 to ₹90 per share, and the minimum lot size for an application is 166 shares.
Company Summary
Brigade Hotel Ventures Limited is the owner and developer of hotels in key cities in India, primarily across South India. The company is a wholly-owned subsidiary of BEL, which is one of the leading Indian real estate developers in India.
The company owns chain-affiliated hotels and rooms in South India (comprising the states of Kerala, Andhra Pradesh, Tamil Nadu, Karnataka, Telangana, and the Union territories Lakshadweep, Andaman and Nicobar Islands, and Pondicherry) among major private hotel asset owners (i.e., owning at least 500 rooms pan India) as of March 31, 2025.
The hotels provide a comprehensive customer experience, including fine dining and specialty restaurants, venues for meetings, incentives, conferences, and exhibitions (“MICE”), lounges, swimming pools, outdoor spaces, spas, and gymnasiums.
The company has a portfolio of nine operating hotels across Bengaluru (Karnataka), Chennai (Tamil Nadu), Kochi (Kerala), Mysuru (Karnataka), and the GIFT City (Gujarat) with 1,604 keys. The company’s hotels are operated by global marquee hospitality companies such as Marriott, Accor, and InterContinental Hotels Group.
Company Strengths
- The company claims to be the second largest owner of chain-affiliated hotels and operates in prime South Indian cities, offering location-driven visibility.
- Partners with established global brands like Marriott, Accord, and IHG.
- The company is said to have introduced several energy-saving measures at its hotels.
- Backed by Brigade Enterprises Limited (BEL), a leading real estate developer in India, who provide market trends, strategic support, and financial support.
- Operates a growing portfolio of 1,600+ rooms across nine hotels.
Company Financials
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 947.57 | 886.78 | 840.67 |
| Revenue | 470.68 | 404.85 | 356.41 |
| Profit After Tax | 23.66 | 31.14 | -3.09 |
| EBITDA | 166.87 | 144.61 | 113.98 |
| Net Worth | 78.58 | 58.74 | 33.81 |
| Total Borrowing | 671.32 | 601.19 | 632.5 |
| Amount in ₹ Crore | |||
Objectives of IPO
- Repayment/ prepayment, in full or in part, of certain outstanding borrowings availed by the company and Material Subsidiary, namely, SRP Prosperita Hotel Ventures Limited.
- Payment of consideration for the purchase of an undivided share of land from the Promoter, BEL.
- Pursuing inorganic growth through unidentified acquisitions and other strategic initiatives, and general corporate purposes.
Promoters of the company
Brigade Enterprises Limited is the promoter of the company.
IPO Details
| IPO Date | July 24, 2025 to July 28, 2025 |
| Listing Date | July 31, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹85 to ₹90 per share |
| Lot size | 166 shares |
| Total Issue size | 8,44,00,000 |
| Issue type | Bookbuilding IPO |
| Listing at | NSE, BSE |
| Share Holding Pre Issue | 29,54,30,000 shares |
| Share Holding Post Issue | 37,98,30,000 shares |
Lot Allocation Details
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 166 | ₹14,940.00 |
| Retail (Max) | 13 | 2,158 | ₹1,94,220.00 |
| S-HNI (Min) | 14 | 2,324 | ₹2,09,160.00 |
| S-HNI (Max) | 67 | 10,956 | ₹9,86,040.00 |
| B-HNI (Min) | 68 | 11,122 | ₹10,00,980.00 |
Allotment Schedule
| Basis of Allotment | Tue, 29 Jul, 2025 |
| Initiation of Refunds | Tue, 29 Jul, 2025 |
| Credit of Shares to Demat | Wed, 30 Jul, 2025 |
| Tentative Listing Date | Thu, 31 Jul, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 28, 2025 |
IPO Reservation
| Investor Category | Shares Offered |
| QIB Shares Offered | Not less than 75% of the Offer size |
| Retail Shares Offered | Not more than 10% of the Offer |
| NII (HNI) Shares Offered | Not more than 15% of the Offer |
To check allotment, click here
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