Brigade Hotel Ventures IPO Details
The Brigade Hotel Ventures IPO is a book build issue with a total issue size of ₹759.6 cr, comprising of fresh issue of 84400000 equity shares. Brigade Hotel Ventures IPO opened for subscription on Jul 24, 2025 and closed on Jul 28, 2025. Brigade Hotel Ventures IPO is set price band at ₹85 to ₹90 per share, with a lot size of 166 shares. Minimum investment for Retail investors was ₹14,940.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Jul 29, 2025, and listed on both the NSE and BSE on Jul 31, 2025.
Kfin Technologies Limited has been appointed as the registrar. JM Financial Limited and ICICI Securities Limited are the Book Running Lead Manager for the issue.
Before investing in the Brigade Hotel Ventures IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 85 – 90
- Lot Size
- 166
- Issue Size
- ₹759.6 Cr
- Minimum Investment
- ₹14940 (166 Shares)
- Listing Date
- 31 July 2025
Current GMP
₹2 (+2.22%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About Brigade Hotel Ventures Limited
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.
Brigade Hotel Ventures IPO Promoters
- Brigade Enterprises Limited
Promoters Holding
Holding Pre Issue
95.26%
Holding Post Issue
74.09%
Brigade Hotel Ventures IPO Objective
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
Book Running Lead Managers
- JM Financial Limited
- ICICI Securities Limited
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 with a total issue size of ₹759.6 crore. The Brigade Hotel Ventures IPO price band is ₹85 to 90 per share. The Brigade Hotel Ventures IPO subscription opens on Thu, Jul 24, 2025, and closes on Mon, Jul 28, 2025. The Brigade Hotel Ventures IPO will be listed on the BSE,NSE. Kfin Technologies Limited is the registrar for the Brigade Hotel Ventures IPO.
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 per share.
Brigade Hotel Ventures IPO lot size is 166 shares, Retail investors need a minimum investment of ₹14940 based on the upper price band
The minimum investment for Brigade Hotel Ventures IPO is ₹14940, based on one lot of 166 shares at the upper price band of ₹90 per share.
Investors can apply for the Brigade Hotel Ventures IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Mon, Jul 28, 2025. The application amount remains blocked until the Brigade Hotel Ventures IPO allotment is finalized.
Brigade Hotel Ventures IPO issue size is ₹759.6 crores.
Brigade Hotel Ventures IPO allotment date is Wed, Jul 1, 2026.
The registrar for Brigade Hotel Ventures IPO is Kfin Technologies Limited. Investors can go to Kfin Technologies Limited website to check Brigade Hotel Ventures IPO allotment status, refund processing, and other IPO-related information.
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 0% over the issue price.