Brigade Hotel Ventures IPO Opens July 24: Price Band Set at ₹85–90; Check GMP, Allotment Date, Lot Size & More
Brigade Hotel Ventures Limited which is incorporated by the hospitality wing of Brigade Enterprises, is now set to splash into the key markets with its very-like-to-be-anticipated IPO that comes up on subscription on July 24, 2025. Amid the focus on hospitality and tourism, which have increased their maturity as an investment choice since the pandemic, this public issue is getting the attention of interested investors.
Here is a full set of BRIGADE HOTEL VENTURES IPO, which includes the details of its price band, GMP, the size of lots, subscription dates, listing particulars, its finance, and more.
Brigade Hotel Ventures IPO: Key Details At a Glance
- IPO Opening Date: Thursday, July 24, 2025
- IPO Closing Date: Monday, July 28, 2025
- Anchor Investor Allotment: Wednesday, July 23, 2025
- Price Band: ₹85 to ₹90 per equity share
- Face Value: ₹10 per share
- Lot Size: 166 equity shares and multiples thereafter
- Listing on: NSE and BSE
- Tentative Listing Date: Thursday, July 31, 2025
- IPO Type: 100% Fresh Issue
- Registrar: KFin Technologies
- Lead Managers: JM Financial, ICICI Securities
IPO Size of Brigade Hotel Ventures, and Utilization of Proceeds
The IPO will be a pure fresh issue with no component of Offer for Sale (OFS) which implies that all the money received will belong to the company. The estimated size of issue is supposed to finance several strategic initiatives:
- The amount of 468.14 crore is liable to be paid to pay off outstanding borrowings 2015
- Cash 107.52 crores of acquisition of land with the promoter Brigade Enterprises Ltd (BEL)
- The rest will be utilized in acquisitions, strategic investments and general corporate purposes
This can be taken to mean that the company is concerned with its balance sheets and the improvement in the asset base.
Brigade Hotel Ventures IPO Allotment, Refund, and Listing Timeline
If you're planning to apply, here are the important post-IPO dates:
- Basis of Allotment: Tuesday, July 29, 2025
- Refunds Initiated: Tuesday, July 29, 2025
- Shares Credited to Demat: Tuesday, July 29, 2025
- Listing Date: Thursday, July 31, 2025
Keep an eye on your emails and broker alerts for IPO allotment status updates.
Brigade Hotel Ventures IPO Lot Size & Minimum Investment
Retail investors can apply in lots of 166 equity shares.
- Minimum Investment (1 lot): ₹14,940 (at upper price band of ₹90)
The relatively low minimum investment makes this IPO accessible to first-time investors as well.
Investor Quota Breakdown
The IPO has a clearly defined allocation structure:
- Qualified Institutional Buyers (QIB): Not less than 75%
- Non-Institutional Investors (NII): Not more than 15%
- Retail Investors: Not more than 10%
- Employees’ Quota: Shares worth ₹75.96 million
- Brigade Enterprises Shareholders’ Quota: Shares worth ₹303.84 million
Shareholders Quota: Yes ☑️ (As per RHP)
Parent Company: Brigade Enterprises
Shareholder Quota Size : ₹30.4 Crores
Brigade Hotel Ventures Limited IPO Shareholder Quota : A Special Benefit for BEL Shareholders
This is good news to all Brigade Enterprises Limited (BEL) existing shareholders and you have your quota of shares in this Brigade Hotel Ventures IPO.
This special reservation grants the shareholders of BEL a special period during which applications can be made with the IPO, besides the normal retail or the NII categories. It is an advantage that is given to the long-term investors of the mother company and to persuade them to invest in the upcoming offer of the shares to the public.
Who Qualifies to Get Shareholder Quota?
In order to qualify within the Brigade Hotel Ventures IPO shareholder category, there should be
- The Record Date will be announced during the RHP or by your broker, and you should hold the shares of Brigade Enterprises Ltd (BEL) in your demat account as on the Record Date
- The application should be made under the head of shareholder but the same demat account where the person holds BEL shares
- In addition to the shareholder quota, you can also apply under Retail or NII category depending on the amount of your investments.
This implies that, BEL shareholders have maximum opportunities of allotment by virtue of applying in more than one eligible category.
How Much Is Reserved for BEL Shareholders?
As per the IPO structure, equity shares worth ₹303.84 million (₹30.38 crore) are reserved exclusively for shareholders of Brigade Enterprises Ltd.
This dedicated shareholder quota helps improve the chances of allotment for eligible investors, especially in case the IPO sees high demand across categories.
How to Apply Under the Shareholder Category
- Verify your BEL shareholding as on the IPO’s Record Date
- Log in to IPO Ji application platform
- Select Brigade Hotel Ventures IPO
- Choose the “Shareholder” category
- Enter your bid quantity and price within the ₹85–₹90 price band
- Ensure the application is submitted from the demat account holding BEL shares
About Brigade Hotel Ventures Limited
Brigade Hotel Ventures Limited (BHVL) is the specific hospitality unit of Brigade Enterprises Limited (BEL) whose name is synonymous with the South Indian real estate development. Although BEL is renowned in building skylines through commercial, retail and residential estates, its venture into hospitality has gone unnoticed to emerge as a serious business division.
Real Estate to Rooms: A Real Estate Adventure
The hospitality venture of Brigade was initiated in 2004 when there was an increased need of premium hotels across all the Tier 1 and Tier 2 cities of India which were in the process of being urbanized. In 2009, the group opened its flagship hotel-Grand Mercure Bangalore, which was its entry in the hotel and leisure business in a serious manner.
Today, the company known as Brigade hotel Ventures limited has diversified portfolio and runs 9 active hotels in different economic and tourist hotspots in:
- Bengaluru (base of the group and Capital of tech in India )
- Chennai (a great business center of Southern India)
- Kochi (a resort and business travel destination)
- Mysuru (Heritage and cultural Tourism Centre)
- GIFT City, Gujarat (the up and coming financial services center of India)
In these destinations, BHVL has a total of 1,604 room inventory which accommodates a wide range of customer segment including business travelers, tourists, corporates and long stay travellers.
IPO Size of Brigade Hotel Ventures, and Utilization of Proceeds
The IPO will be a pure fresh issue with no component of Offer for Sale (OFS) which implies that all the money received will belong to the company. The estimated size of issue is supposed to finance several strategic initiatives:
The amount of 468.14 crore is liable to be paid to pay off outstanding borrowings 2015
Cash 107.52 crores of acquisition of land with the promoter Brigade Enterprises Ltd (BEL)
The rest will be utilized in acquisitions, strategic investments and general corporate purposes
This can be taken to mean that the company is concerned with its balance sheets and the improvement in the asset base.
Financial Performance: Is Brigade Hotel Ventures Profitable?
Let’s look at how the numbers stack up:
While revenues are on the rise, the drop in net profit could concern some investors. The company has cited rising operational costs and strategic investments as reasons for this dip.
Listed Peers Comparison (P/E Multiples)
Brigade Hotel Ventures has listed several established competitors in its RHP:
- The Indian Hotels Co. Ltd: 56.06
- Chalet Hotels Ltd: 136.63
- Lemon Tree Hotels Ltd: 62.04
- Samhi Hotels Ltd: 62.75
- ITC Hotels: 78.20
- Schloss Bangalore: 229.34
These benchmarks reflect the premium the market gives to hospitality companies with consistent growth and scalability.
The offering of Brigade Hotel Ventures IPO provides an opportunity to invest in India in the premium and fast-growing hospitality industry. The reasonable price range and the orientation on growth and financial reinforcement can make this a good long-term bet as long as the company manages to deal with the issues of profitability efficiency.
A moderate risk investor who has a reasonable risk appetite might want to apply especially with the shareholder quota sweetener in the event that it is enjoyed by already holding BEL shares.
