Brigade Hotel Ventures IPO
Brigade Hotel Ventures IPO
Overview
Brigade Hotel Ventures IPO is a bookbuilding of ₹759.60 crores. The issue is entirely a fresh issue of 8.44 crore shares. Brigade Hotel Ventures IPO opens for subscription on July 24, 2025 and closes on July 28, 2025. The allotment for the Brigade Hotel Ventures IPO is expected to be finalized on Tuesday, July 29, 2025. Brigade Hotel Ventures IPO will be list on BSE, NSE with a tentative listing date fixed as Thursday, July 31, 2025. Brigade Hotel Ventures IPO price band is set at ₹85 to ₹90 per share. The lot size for an application is 166. The minimum amount of investment required by an retail is ₹14,110 (166 shares). The lot size investment for sNII is 14 lots (2,324 shares), amounting to ₹2,09,160, and for bNII, it is 67 lots (11,122 shares), amounting to ₹10,00,980. Jm Financial Limited is the book-running lead manager of the Brigade Hotel Ventures IPO, while Kfin Technologies Limited is the registrar for the issue.
Total Shares
8,44,00,000
Issue Size
₹759.60 Cr
Price Band
₹85 – ₹90
Lot Size
166 shares
Min. Investment
₹14,940
Max. Investment
₹1,94,220
Open Date
24 Jul, 2025
Close Date
28 Jul, 2025
Allotment
29 Jul, 2025
Listing
31 Jul, 2025
Max. Investment
₹1,94,220
Announced
24 Jul, 2025
Opening Date
24 Jul, 2025
Closing Date
28 Jul, 2025
Basis of Allotment
29 Jul, 2025
Initiation of Refunds
29 Jul, 2025
Credit of Shares
30 Jul, 2025
Listing Date
31 Jul, 2025
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About Brigade Hotel Ventures IPO
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 privat
Brigade Hotel Ventures IPO Share Price
Issue Breakdown
Shareholding
Dilution: 28.6% increase in shares
Brigade Hotel Ventures IPO Promoters Holding
Brigade Hotel Ventures IPO Financial Health
Brigade Hotel Ventures Ltd.'s revenue increased by 16% and profit after tax (PAT) dropped by 24% between the financial year ending with March 31, 2025 and March 31, 2024.
Brigade Hotel Ventures IPO 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 Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 166 | ₹14,940 |
| Retail (Max) | 13 | 2158 | ₹1,94,220 |
| S-HNI (Min) | 14 | 2324 | ₹2,09,160 |
| S-HNI (Max) | 66 | 10956 | ₹9,86,040 |
| B-HNI (Min) | 67 | 11122 | ₹10,00,980 |
(All values in CR)
Brigade Hotel Ventures IPO Valuations
The market capitalization of Brigade Hotel Ventures IPO is ₹3418.47 Cr. KPI as of Mon, Mar 31, 2025.
| Metric | Value |
|---|---|
| ROCE | 13.62 |
| Debt/Equity | 7.40 |
| RoNW | 30.11 |
| PAT Margin | 5.03 |
| EBITDA Margin | 35.45 |
| Price to Book Value | 32.26 |
(All values in CR)
Brigade Hotel Ventures IPO Strength & Risk
Brigade Hotel Ventures IPO Strength:
Strong parentage & brand backing
Operating under Brigade Enterprises (BEL), a leading real estate group in India.Well-diversified portfolio in prime locations
Owns 9 operating hotels (1,604 keys) in Bengaluru, Chennai, Kochi, Mysuru, and GIFT City, managed by global brands like Marriott, Accor, and IHG.Profit turnaround & healthy financials
Profit of ₹31.1 crore in FY24 (vs. loss in FY23) with revenue rising from ₹350 cr in FY23 to ~₹402 cr in FY24.Efficient returns on net worth
Strong return on net worth at ~53% in FY24 compared to ~13–16% for larger peers.Pre-IPO placement provides validation
Raised ₹126 crore at ₹90 / share (4.74% pre‑offer capital) from reputed investor 360 ONE, reducing IPO size to ₹774 crore.
Brigade Hotel Ventures IPO Risk:
Operator and customer concentration
Over 60% of FY25 revenue derived from Marriott‑operated hotels; termination/non-renewal of operator contracts poses business risk.Geographic concentration
Hotels in Bengaluru accounted for 62–63% of revenue in FY25, making performance sensitive to regional macro/market conditions.Execution risks in expansion
Plans to develop five new hotels by FY28–29; delays could impact financials and growth trajectory.Operating risks: F&B, manpower, regulatory
F&B contributes 33% of revenue; service quality, hygiene lapses, rising attrition (58%), legal/regulatory exposure, or staffing disruptions may affect brand and cash flows.
Brigade Hotel Ventures IPO Subscriptions Status
Brigade Hotel Ventures IPO subscribed 4.71 times. The public issue subscribed 6.68 times in the retail category, 5.74 times in QIB, and 2.02 times in the NII category by July 28, 2025 3:54:34 PM (Day 3).
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| Anchor | 1.00 | 3,60,81,000 | 3,60,81,000 | 324.729 |
| Qualified Institutions | 5.74 | 2,40,54,000 | 13,81,49,848 | 1 |
| Non-Institutional Buyers | 2.02 | 1,20,27,000 | 2,42,77,334 | 218.496 |
| bNII (bids above ₹10L) | 1.67 | 80,18,000 | 1,33,84,248 | 120.458 |
| sNII (bids above ₹10L) | 2.72 | 40,09,000 | 1,08,93,086 | 98.038 |
| Retail | 6.68 | 80,18,000 | 5,35,66,042 | 482.094 |
| Employees | 0.95 | 8,73,103 | 8,32,490 | 7.492 |
| Shareholders | 3.27 | 33,76,000 | 1,10,23,562 | 99.212 |
| Total | 4.71 | 4,83,48,103 | 22,78,49,276 | 2 |
Brigade Hotel Ventures IPO GMP
Brigade Hotel Ventures IPO last GMP is ₹0, last updated Jul 28th 2025 03:02 PM. With the price band of 90.00, Brigade Hotel Ventures IPO's estimated listing price is ₹90 (cap price + today's GMP).The expected percentage gain/loss per share is 0.00%.
Last updated 28 Jul, 2025 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 28 Jul, 2025 | 90 | ₹0▼ | - | ₹90 (0.00%) | - | 28 Jul, 2025 |
| 27 Jul, 2025 | 90 | ₹2▼ | 300/4200 | ₹92 (2.22%) | 332 | 27 Jul, 2025 |
| 26 Jul, 2025 | 90 | ₹3▼ | 400/5600 | ₹93 (3.33%) | 498 | 26 Jul, 2025 |
| 25 Jul, 2025 | 90 | ₹5▼ | 600/8400 | ₹95 (5.56%) | 830 | 25 Jul, 2025 |
| 24 Jul, 2025 | 90 | ₹6▼ | 800/11200 | ₹96 (6.67%) | 996 | 24 Jul, 2025 |
| 23 Jul, 2025 | 90 | ₹8▼ | 1000/14000 | ₹98 (8.89%) | 1328 | 23 Jul, 2025 |
| 22 Jul, 2025 | 90 | ₹16▼ | 2000/28000 | ₹106 (17.78%) | 2656 | 22 Jul, 2025 |
| 21 Jul, 2025 | 90 | ₹17▲ | 2100/29400 | ₹107 (18.89%) | 2822 | 21 Jul, 2025 |
| 20 Jul, 2025 | 0 | ₹0 | - | - | - | 20 Jul, 2025 |
| 19 Jul, 2025 | 0 | ₹0 | - | - | - | 19 Jul, 2025 |
| 18 Jul, 2025 | 0 | ₹0 | - | - | - | 18 Jul, 2025 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for Brigade Hotel Ventures IPO
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Your funds will be blocked in your account until the IPO allotment process is completed.