Brigade Hotel Ventures
Mainboard₹14,940 / 166 Shares
IPO Live Subscription Details (times)
Bids below ₹10L: 2.59x
NII Total: 1.92
IPO Details
Brigade Hotel Ventures IPO is priced between ₹85-90 per equity share, with a face value of ₹10 per share. The company's equity shares will be listed on the Mainboard, and Kfin Technologies Limited is managing the issue as the registrar.
The IPO bidding period opened on 24 Jul, 2025, and closed on 28 Jul, 2025. The allotment results will be announced on 29 Jul, 2025, with a tentative listing date set for 31 Jul, 2025.
The total issue comprises 8,44,00,000 shares, amounting to ₹759.60 Cr.
Brigade Hotel Ventures IPO Highlights
| IPO Date | Listing Date | Face Value | Price Band | Lot Size | Fresh Issue | Offer for Sale | Listing At |
|---|---|---|---|---|---|---|---|
| Jul 24, 2025 - Jul 28, 2025 | 31 Jul, 2025 | ₹10 Per Equity Share | ₹85-90 per equity share | 166 Shares | Shares | - | BSE, NSE |
Brigade Hotel Ventures IPO Timeline
Issue Price
₹85-90 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE, NSERegistrar
Kfin Technologies LimitedMarket Lot
Retail: 166 Shares (₹14,940/-)S-HNI: 2,324 Shares (₹2,09,160/-)
B-HNI: 11,122 Shares (₹10,00,980/-)
Lead Manager
Jm Financial LimitedICICI Securities LimitedIssue Size
8,44,00,000 shares(aggregating up to ₹759.60 Cr)Retail Portion
10% (Number of Retail Applications: 48,301 Approx),(Number of S-HNI Applications : 1,725 Approx),(Number of B-HNI Applications : 3,450 Approx),(Number of Shareholder Applications : 20,337 Approx)Subscription
4.48 timesBrigade Hotel Ventures IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 25 | 947.57 | 470.68 | 23.66 | 78.58 | - | 617.32 |
| 31 Mar 24 | 886.78 | 404.85 | 31.14 | 58.74 | - | 601.19 |
| 31 Mar 23 | 840.67 | 356.41 | -3.09 | 33.81 | - | 632.5 |
All values are in ₹ Cr.
Brigade Hotel Ventures IPO Valuations
EPS PRE IPO ₹0.72/- | EPS POST IPO ₹/- | PE PRE IPO 125 | PE POST IPO - | ROE - |
ROCE 13.62% | DEBT EQUITY 7.40 | RONW 30.11% | PAT MARGIN 5.03% | PRICE TO BOOK VALUE 32.26 |
About Company
Brigade Hotel Ventures Limited is the owner and builder of hotels in major cities in India, mainly in South India. The company is a fully-owned subsidiary of BEL, one of India's top-ranked Indian realty developers.
The firm owns chain-branded hotels and rooms in South India (inclusive of the states of Kerala, Andhra Pradesh, Tamil Nadu, Karnataka, Telangana, and Union territories Lakshadweep, Andaman and Nicobar Islands and Pondicherry) among large private hotel asset owners (i.e., having minimum 500 rooms pan India) as on June 30, 2024.
The hotels offer an integrated customer experience, such as fine dining and specialty restaurants, meeting places for incentives, conferences, and exhibitions (MICE), lounges, swimming pools, open areas, spas, and gymnasiums.
The company have nine operating hotels under their portfolio spread across Bengaluru (Karnataka), Chennai (Tamil Nadu), Kochi (Kerala), Mysuru (Karnataka) and the GIFT City (Gujarat) with 1,604 keys. The company's hotels are managed by international marquee hospitality players like Marriott, Accor and InterContinental Hotels Group.
Brigade Hotel Ventures IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 2,40,54,000 | 1,20,27,000 80,18,000 40,09,000 | 80,18,000 | 4,83,48,103 |
| Day 1 - 24-07-25 05:00 PM | 0.08 x | 0.42 0.29 x 0.68 x | 2.50 x | 0.63 x |
| Day 2 - 25-07-25 05:00 PM | 0.08 x | 0.98 0.70 x 1.53 x | 4.65 x | 1.19 x |
| Day 3 - 28-07-25 05:00 PM | 5.42 x | 1.92 1.58 x 2.59 x | 6.40 x | 4.48 x |
Retail:5.50x
BHNI:0.31x
SHNI:2.53x times
Brigade Hotel Ventures IPO - Issue Objectives
- Repayment/ prepayment, in full or in part, of certain outstanding borrowings availed by the: (i) Company; and (ii) Material Subsidiary, namely, SRP Prosperita Hotel Ventures Limited.
- Payment of consideration for buying of undivided share of land from our Promoter, BEL
- Pursuing inorganic growth through unidentified acquisitions, other strategic initiatives, and general corporate purposes.
Brigade Hotel Ventures
29 th & 30 th Floor, World Trade Center, Brigade, Gateway Campus, 26/1, Dr. Rajkumar Road, Malleswaram RajajinagarKfin Technologies Limited
Phone: 04067162222, 04079611000
Email: ipo@kfintech.com