Borana Weaves IPO vs Brigade Hotel Ventures IPO

Comparison between Borana Weaves IPO and Brigade Hotel Ventures IPO.

IPO Details

Borana Weaves IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Brigade Hotel Ventures IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of Borana Weaves IPO is up to ₹144.89 Cr whereas the issue size of the Brigade Hotel Ventures IPO is up to ₹759.60 Cr. The final issue price of Borana Weaves IPO is ₹216.00 per share and of Brigade Hotel Ventures IPO is ₹90.00 per share.

 Borana Weaves IPOBrigade Hotel Ventures IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹205.00 per share₹85.00 per share
Issue Price (Upper)₹216.00 per share₹90.00 per share
Issue Price (Final)₹216.00 per share₹90.00 per share
Discount (Retail)₹0.00 per share
Discount (Employee)₹3.00 per share
Market Lot Size69 shares166 shares
Fresh Issue Size67,08,000 shares8,44,12,565 shares
Fresh Issue Size (Amount)up to ₹144.89 Crup to ₹759.60 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total67,08,000 shares8,44,12,565 shares
Issue Size Total (Amount)up to ₹144.89 Crup to ₹759.60 Cr

IPO Timetable

Borana Weaves IPO opens on May 20, 2025, while Brigade Hotel Ventures IPO opens on Jul 24, 2025. The closing date of Borana Weaves IPO and Brigade Hotel Ventures IPO is May 22, 2025, and Jul 28, 2025, respectively.

 Borana Weaves IPOBrigade Hotel Ventures IPO
Anchor Bid DateMay 19, 2025Jul 23, 2025
Issue OpenMay 20, 2025Jul 24, 2025
Issue CloseMay 22, 2025Jul 28, 2025
Basis Of Allotment (Tentative)May 23, 2025Jul 29, 2025
Initiation of Refunds (Tentative)May 26, 2025Jul 29, 2025
Credit of Share (Tentative)May 26, 2025Jul 30, 2025
Listing date (Tentative)May 27, 2025Jul 31, 2025
Anchor Lockin End date 1Jun 22, 2025Aug 28, 2025
Anchor Lockin End date 2Aug 21, 2025Oct 27, 2025

Financials & KPIs

Borana Weaves IPO P/E ratio is 18.26, as compared to Brigade Hotel Ventures IPO P/E ratio of 112.38.

 Borana Weaves IPOBrigade Hotel Ventures IPO
Financials

Company Financials (Restated)

Period Ended31 Dec 202431 Mar 202431 Mar 202331 Mar 2022
Assets149.67137.0574.9831.90
Total Income215.71199.60135.5342.36
Profit After Tax29.3123.5916.301.80
EBITDA46.0341.1726.065.17
NET Worth76.5547.3924.111.81
Reserves and Surplus56.8747.6624.071.80
Total Borrowing54.0369.1038.8927.31
Amount in ₹ Crore

Company Financials (Restated Consolidated)

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.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets947.57886.78840.67
Total Income470.68404.85356.41
Profit After Tax23.6631.14-3.09
EBITDA166.87144.61113.98
NET Worth78.5858.7433.81
Total Borrowing617.32601.19632.50
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)87.1995.26
Promoter Shareholding (Post-Issue)65.2474.09
P/E Ratio18.26112.38
Market Cap₹575.54 Cr.₹3418.47 Cr.
ROE49.45%
ROCE27.42%13.62%
Debt/Equity7.40
EPS₹11.83₹0.80
RoNW49.77%30.11%

Shares Offered

In the Borana Weaves IPO Retail Individual Investors (RII) are offered 6,70,800 shares while in Brigade Hotel Ventures IPO retail investors are offered 6,70,800 shares. Qualified Institutional Buyers (QIB) are offered 20,12,457 shares in Borana Weaves IPO and 2,40,54,000 shares in Brigade Hotel Ventures IPO.

 Borana Weaves IPOBrigade Hotel Ventures IPO
Anchor Investor Reservation30,18,543 shares3,60,81,000 shares
Market Maker Reservation0 shares
QIB20,12,457 shares2,40,54,000 shares
NII10,06,200 shares1,20,27,000 shares
RII6,70,800 shares80,18,000 shares
Employee8,73,103 shares
Others
Total67,08,000 shares8,44,29,103 shares

Bids Received (Subscription)

Borana Weaves IPO subscribed 147.85x in total, whereas Brigade Hotel Ventures IPO subscribed 4.76x.

 Borana Weaves IPOBrigade Hotel Ventures IPO
QIB (times)85.53x5.74x
NII (times)237.41x2.03x
Big NII (times)239.74x1.67x
Small NII (times)232.75x2.74x
RII (times)200.50x6.83x
Employee (times)0.99x
Other (times)
Total (times)147.85x4.76x

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