Brigade Hotel Ventures IPO
Open MainLineCurrent GMP
₹2 (+2.22%)
Price Band
₹ 85 – 90
Lot Size
166
Issue Size
₹759.6 Cr
Minimum Investment
₹14940 (166 Shares)
Listing Date
31 July 2025
Subscription
4.48x
About the Company
Brigade Hotel Ventures Limited (BHVL) is an owner and developer of hotels in India, with a primary focus on South India. It is a wholly-owned subsidiary of Brigade Enterprises Limited (BEL), a leading Indian real estate developer. As of June 30, 2024, BHVL is the second-largest owner of chain-affiliated hotels and rooms in South India among major private hotel asset owners (those with at least 500 rooms across India).
BHVL began its hospitality journey in 2004 with the development of its first hotel, Grand Mercure Bangalore, which commenced operations in 2009.
Hotel Portfolio & Operations
- Current Portfolio: 9 operating hotels in Bengaluru, Mysuru, Chennai, Kochi, and GIFT City (Gujarat).
- Total Keys: 1,604 as of the Draft Red Herring Prospectus date.
- Segments: Midscale to upper-upscale.
- Operator Brands: Managed by global hospitality leaders such as Marriott, Accor, and InterContinental Hotels Group.
- Experiences Offered: MICE facilities, specialty dining, spas, gyms, pools, lounges, and cultural access.
Expansion Plans
BHVL plans to develop five new hotels by Fiscal 2029, including:
- A luxury beach resort in Chennai (in discussion with Hyatt for the ‘Grand Hyatt’ brand).
- Two upper midscale hotels in Bengaluru (proposed under ‘Fairfield by Marriott’).
- A luxury hotel in Hyderabad under the InterContinental brand.
- A wellness resort in Vaikom, Kerala (14.70 acres).
Competitive Edge
- Strategic Location: Hotels are positioned in high-footfall areas like IT hubs, airports, and city landmarks.
- Integrated Development: Leverages BEL’s expertise in mixed-use developments for strategic hotel placement.
- Cost Efficiency: Benefits from economies of scale in procurement and operations.
- Strong Partnerships: Brand-agnostic approach enables flexibility and partnerships with top global operators.
Performance & Recognition
- Occupancy Rate (FY24): 73.29%, above the industry average of 64%.
- Awards:
- Sheraton Grand Bangalore: ‘City Hotel of the Year 2022–2023’
- Holiday Inn Chennai: ‘Best Five Star Hotel of the Year 2019’
- Four Points by Sheraton Kochi: ‘Vajra Award 2023’ for labour relations.
Promoters
- Brigade Enterprises Limited
Promoters Holding
Holding Pre Issue
95.26%
Holding Post Issue
74.09%
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Issue towards the following objects:
- 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; and
- Pursuing inorganic growth through unidentified acquisitions, other strategic initiatives, and general corporate purposes.
Address / Contact Info
Brigade Hotel Ventures Limited
29 th & 30 th Floor, World Trade Center, Brigade
Gateway Campus, 26/1, Dr. Rajkumar Road,
Malleswaram Rajajinagar
Bengaluru, Karnataka, 560055
Phone: +91 80 4137 9200
Email: investors@bhvl.in
Website: https://bhvl.in/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Thursday, 24 July 2025
IPO Close Date
Monday, 28 July 2025
Basis of Allotment
Tuesday, 29 July 2025
Initiation of Refunds
Tuesday, 29 July 2025
Credit of Shares to Demat
Wednesday, 30 July 2025
Listing Date
Thursday, 31 July 2025 — NSE & BSE
Important Dates
Open Date
24 July 2025
Close Date
28 July 2025
Basis Of Allotment
29 July 2025
Listing Date
31 July 2025
Financial Performance (₹ in Crores)
| Particular | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 947.57 | 886.78 | 840.67 |
| Revenue | 470.68 | 404.85 | 356.41 |
| Profit After Tax | 23.66 | 31.14 | -3.09 |
| Net Worth | 78.58 | 58.74 | 33.81 |
| Reserve & Surplus | 0 | 0 | 0 |
| Total Borrowings | 617.32 | 601.19 | 632.5 |
EPS Pre
0.00%
EPS Post
0.00%
P/E Pre
0.00
P/E (Post Issue)
0.00x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROE % | 0 | 0 | 0 |
| ROCE % | 13.62 | 12.64 | 8.64 |
| Debt / Equity | 7.4 | 9.11 | 14.64 |
| RoNW % | 30.11 | 53.01 | -9.14 |
| PbW | 0 | 0 | 0 |
| Pat Margin % | 5.03 | 7.69 | -0.87 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 25468941 | 49.75 | 0 |
| Non-Institutional | 12734470 | 24.87 | 0 |
| BNII | 8489647 | 16.58 | 0 |
| SNII | 4244823 | 8.29 | 0 |
| Retail Investors | 8489647 | 16.58 | 0 |
| Employees | 926341 | 1.82 | 0 |
| Shareholder Category | 3574588 | 6.98 | 0 |
| Total | 51193987 | 100 | 0 |
Subscription Status ( Mon, 28 Jul 25 01:35 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 25468941 | 138149848 | 5.42x |
| Non-Institutional | 12734470 | 24391708 | 1.92x |
| BNII | 8489647 | 13395370 | 1.58x |
| SNII | 4244823 | 10996338 | 2.59x |
| Retail Investors | 8489647 | 54365498 | 6.4x |
| Employees | 926341 | 868346 | 0.94x |
| Total | 51193987 | 229514588 | 4.48x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Brigade Hotel Ventures Limited | 10 | 0.00 | 0.72 | 0.72 | 30.11 | 2.79 |
| The Indian Hotels Company Limited | 1 | 56.06 | 13.40 | 13.40 | 16.42 | 87.22 |
| Eih Limited | 2 | 32.20 | 11.82 | 11.82 | 16.23 | 75.86 |
| Chalet Hotels Limited | 10 | 136.63 | 6.53 | 6.52 | 4.68 | 139.42 |
| Juniper Hotels Limited | 10 | 99.48 | 3.20 | 3.20 | 2.61 | 122.55 |
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 166 | 14,940.00 |
| Retail (Max) | 13 | 2,158 | 194,220.00 |
| S-HNI (Min) | 14 | 2,324 | 209,160.00 |
| S-HNI (Max) | 66 | 10,956 | 986,040.00 |
| B-HNI (Min) | 67 | 11,122 | 1,000,980.00 |
Registrar
Kfin Technologies Limited
04067162222, 04079611000
reachus@kfintech.com
https://www.kfintech.com
Book Running Lead Managers
- JM Financial Limited
- ICICI Securities Limited
RHP Document
DRHP Document
Anchor Investors
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Brigade Hotel Ventures IPO is a Book-building IPO worth ₹759.6 crores. The price band is ₹85 to 90 per share. The IPO opens on Thu, Jul 24, 2025 and closes on Mon, Jul 28, 2025. It will be listed on BSE and NSE. Kfin Technologies Limited is the registrar.
The Brigade Hotel Ventures IPO opens on Thu, Jul 24, 2025 and closes on Mon, Jul 28, 2025
Brigade Hotel Ventures IPO Price Band is ₹85 to 90.
Brigade Hotel Ventures IPO lot size is 166, and the minimum amount required for application is ₹14940.
The minimum investment for Brigade Hotel Ventures IPO is approximately ₹14940 based on the upper price band.
To apply for the Brigade Hotel Ventures IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Mon, Jul 28, 2025. After submission, funds are blocked until the basis of allotment of Brigade Hotel Ventures IPO is finalised.
Brigade Hotel Ventures IPO issue size is ₹759.6 crores.
Brigade Hotel Ventures IPO allotment date is Sat, Jun 27, 2026.
The registrar for Brigade Hotel Ventures IPO is Kfin Technologies Limited. Investors can go to Kfin Technologies Limited website for IPO allotment status, refund processing, and other queries related to Brigade Hotel Ventures IPO through their official website or helpline.
The Brigade Hotel Ventures IPO GMP (Grey Market Premium) is ₹1 as of Mon, Jul 28, 2025. Based on the upper price band of ₹90 per share, the estimated Brigade Hotel Ventures IPO listing price is ₹91, indicating a potential listing gain of approximately 31% over the issue price.