Brigade Hotel Ventures IPO vs Crizac IPO

Comparison between Brigade Hotel Ventures IPO and Crizac IPO.

IPO Details

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

Issue Size and Price

The total issue size of Brigade Hotel Ventures IPO is up to ₹759.60 Cr whereas the issue size of the Crizac IPO is up to ₹860.00 Cr. The final issue price of Brigade Hotel Ventures IPO is ₹90.00 per share and of Crizac IPO is ₹245.00 per share.

 Brigade Hotel Ventures IPOCrizac IPO
Face Value₹10 per share₹2 per share
Issue Price (Lower)₹85.00 per share₹233.00 per share
Issue Price (Upper)₹90.00 per share₹245.00 per share
Issue Price (Final)₹90.00 per share₹245.00 per share
Discount (Retail)
Discount (Employee)₹3.00 per share
Market Lot Size166 shares61 shares
Fresh Issue Size8,44,12,565 shares0 shares
Fresh Issue Size (Amount)up to ₹759.60 Crup to ₹0.00 Cr
OFS Issue Size0 shares3,51,02,040 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹860.00 Cr
Issue Size Total8,44,12,565 shares3,51,02,040 shares
Issue Size Total (Amount)up to ₹759.60 Crup to ₹860.00 Cr

IPO Timetable

Brigade Hotel Ventures IPO opens on Jul 24, 2025, while Crizac IPO opens on Jul 02, 2025. The closing date of Brigade Hotel Ventures IPO and Crizac IPO is Jul 28, 2025, and Jul 04, 2025, respectively.

 Brigade Hotel Ventures IPOCrizac IPO
Anchor Bid DateJul 23, 2025Jul 01, 2025
Issue OpenJul 24, 2025Jul 02, 2025
Issue CloseJul 28, 2025Jul 04, 2025
Basis Of Allotment (Tentative)Jul 29, 2025Jul 07, 2025
Initiation of Refunds (Tentative)Jul 29, 2025Jul 08, 2025
Credit of Share (Tentative)Jul 30, 2025Jul 08, 2025
Listing date (Tentative)Jul 31, 2025Jul 09, 2025
Anchor Lockin End date 1Aug 28, 2025Aug 05, 2025
Anchor Lockin End date 2Oct 27, 2025Oct 04, 2025

Financials & KPIs

Brigade Hotel Ventures IPO P/E ratio is 112.38, as compared to Crizac IPO P/E ratio of 28.03.

 Brigade Hotel Ventures IPOCrizac IPO
Financials

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

Company Financials (Proforma Consolidated)

Crizac Ltd.'s revenue increased by 16% and profit after tax (PAT) rose by 29% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets879.62592.91304.99
Total Income884.78763.44517.85
Profit After Tax152.93118.90112.14
EBITDA212.8272.64107.29
NET Worth505.71341.81221.37
Total Borrowing0.080.080.08
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)95.26100
Promoter Shareholding (Post-Issue)74.0979.94
P/E Ratio112.3828.03
Market Cap₹3418.47 Cr.₹4287.07 Cr.
ROE30.24%
ROCE13.62%40.03%
Debt/Equity7.40
EPS₹0.80₹8.74
RoNW30.11%30.24%

Shares Offered

In the Brigade Hotel Ventures IPO Retail Individual Investors (RII) are offered 80,18,000 shares while in Crizac IPO retail investors are offered 80,18,000 shares. Qualified Institutional Buyers (QIB) are offered 2,40,54,000 shares in Brigade Hotel Ventures IPO and 70,20,407 shares in Crizac IPO.

 Brigade Hotel Ventures IPOCrizac IPO
Anchor Investor Reservation3,60,81,000 shares1,05,30,612 shares
Market Maker Reservation0 shares0 shares
QIB2,40,54,000 shares70,20,407 shares
NII1,20,27,000 shares52,65,306 shares
RII80,18,000 shares1,22,85,714 shares
Employee8,73,103 shares
Others
Total8,44,29,103 shares3,51,02,040 shares

Bids Received (Subscription)

Brigade Hotel Ventures IPO subscribed 4.76x in total, whereas Crizac IPO subscribed 62.89x.

 Brigade Hotel Ventures IPOCrizac IPO
QIB (times)5.74x141.27x
NII (times)2.03x80.07x
Big NII (times)1.67x92.95x
Small NII (times)2.74x54.32x
RII (times)6.83x10.74x
Employee (times)0.99x
Other (times)
Total (times)4.76x62.89x

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