Brigade Hotel Ventures was incorporated on August 24, 2016. The company owns and develops hotels in key cities across South India. As of June 30, 2024, it is the second-largest owner of chain-affiliated hotels in the region, offering a range of amenities including dining, MICE venues, and recreational facilities
| Bidding Dates |
|---|
| 24 Jul 2025 - 28 Jul 2025 |
| Subscription |
|---|
| 4.48x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,110 | 1 | 13 | 166 | 84.4 M | ₹85 - ₹90 | 74.09 % | ₹7174.0 M - ₹7596.0 M | RHP DOC |
Brigade Hotel Ventures IPO SUBSCRIPTION STATUS
28 Jul '25Brigade Hotel Ventures IPO overall subscription rate was 4.48 times the total available shares
Brigade Hotel Ventures IPO retail subscription rate was 6.4 times in the retail segment
Brigade Hotel Ventures IPO non-institutional investor subscription rate was 1.92 times in the non-institutional investor category
Brigade Hotel Ventures IPO Qualified Institutional Bidder subscription rate was 5.42 times the available shares for Qualified Institutional Bidder
Brigade Hotel Ventures IPO Employees subscription rate was 0.94 times in the Employees category
Brigade Hotel Ventures IPO Reservation PortionShareholder subscription rate was 3.28 times in the Reservation PortionShareholder category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers | Employees | Reservation PortionShareholder |
|---|---|---|---|---|---|
| Category Reservation | 10% | 15% | 75% | - | - |
28 Jul 2025 (Day 3) | 6.4x | 1.92x | 5.42x | 0.94x | 3.28x |
25 Jul 2025 (Day 2) | 4.65x | 0.98x | 0.08x | 0.57x | 1.81x |
24 Jul 2025 (Day 1) | 2.5x | 0.42x | 0.08x | 0.29x | 0.9x |
Brigade Hotel Ventures FINANCIALS
| Period | Net Profit (Rs in crore) | Revenue from Operations (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY25 | 23.7 | 468.3 | 149.0 | 54.2 | 35.5% |
| FY24 | 31.1 | 401.7 | 154.9 | 99.5 | 35.7% |
| FY23 | -3.1 | 350.2 | 107.9 | 109.8 | 32.0% |
Brigade Hotel Ventures IPO SUBSCRIPTION STATUS DETAILS
Brigade Hotel Ventures had 84.4 M shares on offer
Brigade Hotel Ventures IPO offer price was in the range ₹85 - ₹90
Brigade Hotel Ventures IPO minimum Investment was ₹14110
Brigade Hotel Ventures IPO issue size was ₹ 7174.0 M - ₹ 7596.0 M
Brigade Hotel Ventures had a minimum lot size of 166 Shares per application
Brigade Hotel Ventures NUMBER OF SHARES ON OFFER
Brigade Hotel Ventures IPO IMPORTANT DATES
| Issue Open Date | 24 Jul 2025 |
| Issue close Date | 28 Jul 2025 |
| Allotment Date | 29 Jul 2025 |
| Refund Date | 29 Jul 2025 |
| Demat Account Credit Date | 30 Jul 2025 |
| Listing Date | 31 Jul 2025 |
| Listing on Exchange(s) | NSE and BSE |
| Brigade Hotel Ventures Allotment Status | Exchange/ Registrar |
Brigade Hotel Ventures IPO subscription opened on 24 Jul 2025, and closed on 28 Jul 2025
IPO allotment for Brigade Hotel Ventures was finalized on Tuesday, 29 Jul 2025
IPO listing for Brigade Hotel Ventures was on NSE and BSE on Thursday, 31 Jul 2025
Brigade Hotel Ventures IPO LISTING GAINS
| Issue Price (adjusted) | 90.0 |
| Listing Open Price | 81.1 |
| Listing Close Price | 85.3 |
| Listing Gain% | -9.9% |
| Current Gain% | -33.0% |
Brigade Hotel Ventures Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Brigade Hotel Ventures Ltd. | 60.3 | 2289.6 | 33.6 | 0.3 | 4.3 | 6.4 | 4.2 | 543.4 | 15.5 | 58.5 | 189.5 | 1.8 | 117.8 |
| Indian Hotels Company Ltd. | 731 | 104052.9 | 48.5 | 5 | 10.4 | 16 | 10.3 | 9971.4 | 16.4 | 2084.4 | 9.3 | 15.1 | 9.7 |
| ITC Hotels Ltd. | 170.6 | 35546 | 41.1 | 1.5 | 8.3 | 7 | 6 | 4331.3 | 19.4 | 816.9 | 28.7 | 4.1 | 26.9 |
| EIH Ltd. | 306.6 | 19170.5 | 26.9 | 6 | 6.3 | 11.9 | 9.6 | 3105.7 | 7.9 | 628.3 | -15 | 11.4 | 4.5 |
| Chalet Hotels Ltd. | 859.7 | 18826.9 | 35.6 | 0.4 | 7.9 | 17.4 | 8.8 | 2812.4 | 60.3 | 645.1 | 352.5 | 24.1 | 85.3 |
| Leela Palaces Hotels & Resorts Ltd. | 518 | 17299 | 39 | 0.2 | 10.8 | 6.3 | 4.5 | 1597.8 | 13.6 | 403.1 | 742.9 | 13.3 | 236.8 |
Brigade Hotel Ventures INFORMATION ON IPO ISSUE
About Brigade Hotel Ventures
Brigade Hotel Ventures was incorporated on August 24, 2016. The company owns and develops hotels in key cities across South India. As of June 30, 2024, it is the second-largest owner of chain-affiliated hotels in the region, offering a range of amenities including dining, MICE venues, and recreational facilities
Object of the Issue
- Repayment/ prepayment, in full or in part, of certain outstanding borrowings availed by the company & material subsidiary, namely, SRP Prosperita Hotel Ventures
- Payment of consideration for buying of undivided share of land from the promoter, BEL
- Pursuing inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes
Brigade Hotel Ventures - PROMOTERS
| Name |
|---|
| BEL |
Brigade Hotel Ventures Book Running Lead Manager
JM Financial Limited
bvhl.ipo@jmfl.com
ICICI Securities Limited
brigade.ipo@icicisecurities.com
Brigade Hotel Ventures Registrar to the Offer
KFin Technologies Limited
bhvl.ipo@kfintech.com
Brigade Hotel Ventures Strengths
Award-winning hotels in South Indian cities
The company has a portfolio of nine hotels across Bengaluru, Chennai, Kochi, Mysuru, and GIFT City, with 1,604 keys. Operated by global brands like Marriott, Accor, and IHG, their hotels span upper upscale to midscale segments, offering curated experiences
Asset management
The business model involves owning or leasing hotel assets and partnering with global hospitality companies for operations, maintenance, and marketing. This strategy helps attract a global clientele, streamline operations, and recruit top talent
Focus on ESG
The company focuses on enhancing guest comfort while minimizing environmental impact through energy-efficient technologies, renewable energy, and sustainable practices. Its initiatives aim to balance memorable guest experiences with long-term environmental sustainability
Brigade Hotel Ventures Risks
Hotel operator agreements
The company has agreements with Marriott, Accor, and IHG for operating and marketing services. In FY24, two Marriott-operated hotels contributed 42.52% of its revenue, and termination or non-renewal of these agreements could negatively impact the business and financial performance
Rely on Bengaluru & Chennai hotels
A significant portion of revenue (61.71% in FY24) comes from Sheraton Grand Bangalore, Holiday Inn Chennai OMR, and Holiday Inn Bengaluru Racecourse, and any negative impact on these hotels could affect the business and financial performance
Development delays
The company plans to develop five additional hotels and delays in development could negatively impact the business and financial performance
IPO FAQs
The promoter of the company is BEL.
The category allocation of qualified institutional buyers is 75.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 10.0%.
The price band of the IPO is Rs 85.0 - 90.0.
The IPO application opens on Jul 24, 2025 and closes on Jul 28, 2025.
The minimum lot size for the IPO is 166. The maximum lot size for the IPO is 2158.
For all category investors, the minimum application amount for this IPO is Rs. 14,110.0, the maximum value for this IPO is Rs 194,220.0.
This IPO will be allotted on Jul 29, 2025.
The refund will be credited to your account on Jul 29, 2025.
The allotted shares will be credited to your demat on Jul 30, 2025.
Brigade Hotel Ventures Ltd.’s shares listed on the stock exchanges on Jul 31, 2025.