Brigade Hotel Ventures IPO
GMP, Subscription, Price, Dates & Financial Details
Hotel, Resort & Restaurants
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…
Open Date
Thu, 24 Jul 2025
Close Date
Mon, 28 Jul 2025
Price Band
₹ 85 – 90
Lot Size
166
Issue Size
₹ 759.60 Cr
Minimum Investment
₹ 14,940 (166 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Brigade Hotel Ventures IPO has successfully completed its IPO process and is now listed on the NSE and BSE. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹759.60 Crore, comprising a fresh issue of 8.44 Crore equity shares aggregating to ₹759.60 Crore.
The Brigade Hotel Ventures IPO remained open for subscription from July 24, 2025, to July 28, 2025. The basis of allotment was finalized on July 29, 2025, and the company's shares were listed on the NSE and BSE on July 31, 2025.
The company had fixed the price band at ₹85 to ₹90 per share, with a lot size of 166 shares. Retail investors were required to make a minimum investment of ₹14,940 (based on the upper price band) to apply for one lot.
KFin Technologies Limited served as the registrar to the issue. JM Financial Limited, and ICICI Securities Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Brigade Hotel Ventures Limited is now a publicly listed company on the NSE and BSE. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Brigade Hotel Ventures IPO Timeline (Tentative)
- IPO Open Date
- Thu, 24 Jul 25
- IPO Close Date
- Mon, 28 Jul 25
- Basis of Allotment
- Tue, 29 Jul 25
- Initiation of Refunds
- Tue, 29 Jul 25
- Credit of Shares to Demat
- Wed, 30 Jul 25
- Listing Date
- Thu, 31 Jul 25 — NSE & BSE
Open Date
24 July 2025
Close Date
28 July 2025
Basis Of Allotment
29 July 2025
Listing Date
31 July 2025
IPO Subscription
Check Live Subscription →The Brigade Hotel Ventures IPO has received bids for 22,95,14,588 shares against 5,11,93,987 shares offered, resulting in an overall subscription of 4.48x. the NII category is subscribed 1.92x, Retail Investors 6.4x, Employees 0.94x, and QIBs 5.42x. Within the NII category, BNII is subscribed 1.58x, while SNII is subscribed 2.59x.
QIB
5.42x
NII
1.92x
BNII
1.58x
SNII
2.59x
RII
6.4x
EMP
0.94x
Total
4.48x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 84,89,647 shares, representing 16.58% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 2,54,68,941 shares (49.75%), while Non-Institutional Investors (NIIs) receive 1,27,34,470 shares (24.87%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Qualified Institutions | 25,468,941 | 49.75% |
| Non-Institutional | 12,734,470 | 24.87% |
| BNII | 8,489,647 | 16.58% |
| SNII | 4,244,823 | 8.29% |
| Retail Investors | 8,489,647 | 16.58% |
| Employees | 926,341 | 1.82% |
| Shareholder Category | 3,574,588 | 6.98% |
| Total | 51,193,987 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Brigade Hotel Ventures Limited KPI Information
| Particular | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROCE % | 13.62 | 12.64 | 8.64 |
| Debt / Equity | 7.4 | 9.11 | 14.64 |
| RoNW % | 30.11 | 53.01 | -9.14 |
| Pat Margin % | 5.03 | 7.69 | -0.87 |
Peers Comparison
| 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 |
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.
Brigade Hotel Ventures Limited Address / Contact Details
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
Brigade Hotel Ventures IPO Lot Size
The Brigade Hotel Ventures IPO has a lot size of 166 shares. Retail investors require a minimum investment of ₹14,940 by applying for 1 lot (166 shares). The maximum application allowed for the retail category is 13 lots (2,158 shares), requiring an investment of ₹1,94,220.
| 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 |
Issue Reservation
- QIB — 49.75%
- NII — 24.87%
- RII — 16.58%
- EMP — 1.82%
- SHR — 6.98%
Book Running Lead Managers
- JM Financial Limited
- ICICI Securities Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Brigade Hotel Ventures 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.
When will the Brigade Hotel Ventures IPO open for subscription?
The Brigade Hotel Ventures IPO opens on Thu, Jul 24, 2025 and closes on Mon, Jul 28, 2025
What is Brigade Hotel Ventures IPO Price Band?
Brigade Hotel Ventures IPO Price Band is ₹85 to 90 per share.
What is Brigade Hotel Ventures IPO Lot Size?
Brigade Hotel Ventures IPO lot size is 166 shares, Retail investors need a minimum investment of ₹14940 based on the upper price band
What is the minimum investment for Brigade Hotel Ventures IPO?
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.
How to apply for Brigade Hotel Ventures IPO?
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.
What is Brigade Hotel Ventures IPO Issue Size?
Brigade Hotel Ventures IPO issue size is ₹759.6 crores.
What is the Brigade Hotel Ventures IPO Allotment Date?
Brigade Hotel Ventures IPO allotment date is Tue, Jul 29, 2025.
Who is the Brigade Hotel Ventures IPO Registrar?
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.
What is the Brigade Hotel Ventures IPO GMP?
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 1.11% over the issue price.
Who is the Brigade Hotel Ventures IPO Lead Manager?
The book-running lead managers (BRLMs) for the Brigade Hotel Ventures IPO are JM Financial Limited, and ICICI Securities Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Brigade Hotel Ventures IPO Red Herring Prospectus (RHP).