IPO

Brigade Hotel Ventures Limited IPO

Mainboard

Hotels & Resorts

Listed On: Jul 31, 2025 at ₹ 81.1(NSE)

₹ 14940 /166 Shares

Check Allotment

24 Jul, 2025

Open Date

28 Jul, 2025

Close Date

29 Jul, 2025

Allotment Date

31 Jul, 2025

Listing Date
Price Summary

Last Closing

84.00 (-6.67%)

52 Week High

91.77

52 Week Low

77.43

Last Update

31-Oct-2025 3:30 PM
Brigade Hotel Ventures IPO Issue Details
  • Issue Price ₹85-90 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 8,44,00,000 shares(aggregating up to ₹759.6 crore)
  • Fresh Share 8,44,00,000 shares(aggregating up to ₹759.6 crore)
  • Listing at BSE, NSE
  • List Price 81.1(NSE)
  • Listing Date 2025-07-31
  • Lead Manager Jm Financial Limited
    ICICI Securities Limited
  • Registrar Kfin Technologies Limited
Market Lot Size

Investors can bid for a minimum of 166 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

ApplicationLotsSharesAmount
Retail (min) 1166₹14,940
Retail(max)132,158₹1,94,220
SHNI(min) 142,324₹2,09,160
SHNI(max) 6610,956₹9,86,040
BHNI(min) 6711,122₹10,00,980
Brigade Hotel Ventures IPO Reservation

Brigade Hotel Ventures IPO offers total 8,44,29,103 shares. Out of which 2,40,54,000 (20.93%) allocated to QIB, 1,20,27,000 (14.25%) allocated to NII,80,18,000 (9.5%) allocated to RII, 8,73,103 (1.03%) allocated to employees and 3,60,81,000 (44.89%) allocated to Anchor investors.

Investor CategoryShares OfferedMaximum Allottees
Anchor Investor Shares Offered3,60,81,000 (44.89%)
QIB Shares Offered2,40,54,000 (20.93%)
NII (HNI) Shares Offered1,20,27,000 (14.25%)
bNII < ₹10L80,18,000 (9.5%)
sNII < ₹10L40,09,000 (4.75%)
Retail Shares Offered80,18,000 (9.5%)
Employee Shares Offered8,73,103 (1.03%)
Total Shares Offered8,44,29,103 (100%)
Brigade Hotel Ventures IPO Documents
DRHP
RHP
ANCHOR
Brigade Hotel Ventures IPO Details


Brigade Hotel Ventures IPO is a book-built issue of ₹759.6 crores, The total issue size is ₹759.6 crores. The IPO of Brigade Hotel Ventures is priced at ₹85-90 per equity share, which has a face value of ₹10 Per Equity Share each, IPO bidding starts from Jul 24, 2025 and ends on Jul 28, 2025. The allotment for Brigade Hotel Ventures IPO will be finalized on Jul 29, 2025. Brigade Hotel Ventures IPO will be listed on BSE, NSE, with a tentative listing date fixed as Jul 31, 2025. The company shall list its equity shares on the BSE, NSE. Kfin Technologies Limited is the registrar of the issue.

Retail investors can bid for a minimum of 166 shares, extendable to 14,940. S-HNIs will be able to bid for 2,324 shares at ₹2,09,160, while B-HNIs can also apply for a bid of 11,122 shares at ₹10,00,980. The book-running lead manager for the IPO is/are Jm Financial Limited, ICICI Securities Limited.

The total issue ₹759.6 crore, comprising a fresh issue of 8,44,00,000 shares ₹759.6 crore
The Brigade Hotel Ventures IPO sets its price band at 85-90 for each share. A single application for Brigade Hotel Ventures Limited IPO must contain at least 166 shares. Sentiment investors need to invest a minimum of 166 through their retail account. For investors to prevent oversubscription issues, they should submit bids at the cutoff price, which estimates about ₹14,940 In order to participate in the sNII, investors must purchase at least 14 lots of 2,324 shares for ₹2,09,160, while the bNII requires 67 lots of 11,122 shares for an investment of ₹10,00,980.

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Brigade Hotel Ventures IPO Subscription Analysis And Details
Retail
6.40x
QIB
5.42x
NII
1.92x
bNII
1.58x
sNII
2.59x
Total
4.48x
As onQIBNII
bNII   sNII		RetailTotal
Shares Offered / Reserved2,40,54,0001,20,27,000
80,18,000    40,09,000		80,18,0004,83,48,103
Day 1 24-07-25 05:00 PM
0.08 x0.42
0.29 x   0.68 x		2.50 x0.63 x
Day 2 25-07-25 05:00 PM
0.08 x0.98
0.70 x   1.53 x		4.65 x1.19 x
Day 3 28-07-25 05:00 PM
5.42 x1.92
1.58 x   2.59 x		6.40 x4.48 x
Total No of Applications
2,93,415
Subscription on the basis of Applications
Retail:5.50x BHNI:0.31x SHNI:2.53x
Brigade Hotel Ventures Valuations
EPS Pre IPO ₹0.72/-
EPS Post IPO ₹/-
P/E Pre IPO 125
ROCE 13.62%
Debt/Equity 7.40
RoNW 30.11%
PAT Margin 5.03%
Price to Book Value 32.26
Brigade Hotel Ventures Company Financials
In Crs.
In Cr.
31-Mar-2531-Mar-2431-Mar-23
Assets947.57886.78840.67
Revenue470.68404.85356.41
Profit After Tax23.6631.14-3.09
Net Worth78.5858.7433.81
Total Borrowing617.32601.19632.5
About Brigade Hotel Ventures 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.

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Brigade Hotel Ventures - Promoter(s)

Brigade Enterprises Limited

Pre Issue Share Holding : 95.26%

Post Issue Share Holding : 74.09%

Brigade Hotel Ventures IPO - Issue Objectives
1

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.

2

Payment of consideration for buying of undivided share of land from our Promoter, BEL

3

Pursuing inorganic growth through unidentified acquisitions, other strategic initiatives, and general corporate purposes.

Brigade Hotel Ventures IPO - Anchor Investors

Brigade Hotel Ventures IPO: Anchor investors purchase Rs 325 crore worth of shares.
SBI Mutual Fund, Franklin India, 360 ONE Special Opportunities Fund, Axis Mutual Fund, Motilal Oswal AMC, Bandhan Mutual Fund, Edelweiss Trusteeship, Nuvama, and Edelweiss Life Insurance Company were the marquee institutional investors who participated in the anchor book.
Six of the domestic mutual funds have made an investment of Rs 229.4 crore (70.6 percent of anchor investor's total investment) in the company under their 12 schemes.

Strength
Strategically Located Award Winning Hotels with Diversified Offerings in Key Cities: It has a portfolio of nine operating hotels across Bengaluru, Chennai, Kochi, Mysuru, and the GIFT City with 1,604 keys as of the date of its DRHP.
Efficient Asset Management: Focus on optimizing operations to drive profitability and operational efficiency.
Commitment to ESG Practices: Emphasis on environmental, social, and governance standards enhances brand value and sustainability.
Weakness
High Dependence on Select Hotels and Operators: Over 60% of revenue comes from a few hotels and Marriott-operated properties, posing concentration and operator dependency risks
Geographic Concentration in Bengaluru: Bengaluru hotels alone contributed 62.91% of revenue in FY24, making the company vulnerable to regional disruptions.
Operator Agreement Risks: Termination or non-renewal of agreements with Marriott, Accor, or IHG could significantly impact operations and revenues.
Contact Details

Brigade Hotel Ventures

29 th & 30 th Floor, World Trade Center, Brigade, Gateway Campus, 26/1, Dr. Rajkumar Road, Malleswaram Rajajinagar

+91 80 4137 9200

investors@bhvl.in

https://bhvl.in/

Registrar Contact Details

Kfin Technologies Limited

04067162222, 04079611000

ipo@kfintech.com

https://kosmic.kfintech.com/ipostatus/