Brigade Hotel Ventures IPO vs HDB Financial IPO

Comparison between Brigade Hotel Ventures IPO and HDB Financial IPO.

IPO Details

Brigade Hotel Ventures IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while HDB Financial 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 HDB Financial IPO is up to ₹12,500.00 Cr. The final issue price of Brigade Hotel Ventures IPO is ₹90.00 per share and of HDB Financial IPO is ₹740.00 per share.

 Brigade Hotel Ventures IPOHDB Financial IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹85.00 per share₹700.00 per share
Issue Price (Upper)₹90.00 per share₹740.00 per share
Issue Price (Final)₹90.00 per share₹740.00 per share
Discount (Retail)
Discount (Employee)₹3.00 per share
Market Lot Size166 shares20 shares
Fresh Issue Size8,44,12,565 shares3,37,83,782 shares
Fresh Issue Size (Amount)up to ₹759.60 Crup to ₹2,500.00 Cr
OFS Issue Size0 shares13,51,35,135 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹10,000.00 Cr
Issue Size Total8,44,12,565 shares16,89,18,917 shares
Issue Size Total (Amount)up to ₹759.60 Crup to ₹12,500.00 Cr

IPO Timetable

Brigade Hotel Ventures IPO opens on Jul 24, 2025, while HDB Financial IPO opens on Jun 25, 2025. The closing date of Brigade Hotel Ventures IPO and HDB Financial IPO is Jul 28, 2025, and Jun 27, 2025, respectively.

 Brigade Hotel Ventures IPOHDB Financial IPO
Anchor Bid DateJul 23, 2025Jun 24, 2025
Issue OpenJul 24, 2025Jun 25, 2025
Issue CloseJul 28, 2025Jun 27, 2025
Basis Of Allotment (Tentative)Jul 29, 2025Jun 30, 2025
Initiation of Refunds (Tentative)Jul 29, 2025Jul 01, 2025
Credit of Share (Tentative)Jul 30, 2025Jul 01, 2025
Listing date (Tentative)Jul 31, 2025Jul 02, 2025
Anchor Lockin End date 1Aug 28, 2025Jul 29, 2025
Anchor Lockin End date 2Oct 27, 2025Sep 27, 2025

Financials & KPIs

Brigade Hotel Ventures IPO P/E ratio is 112.38, as compared to HDB Financial IPO P/E ratio of 27.

 Brigade Hotel Ventures IPOHDB Financial 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 (Restated Consolidated)

HDB Financial Services Ltd.'s revenue increased by 15% and profit after tax (PAT) dropped by 12% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets1,08,663.2992,556.5170,050.39
Total Income16,300.2814,171.1212,402.88
Profit After Tax2,175.922,460.841,959.35
EBITDA9,512.378,314.136,251.16
NET Worth14,936.5012,802.7610,436.09
Reserves and Surplus15,023.9712,949.6310,645.57
Total Borrowing87,397.7774,330.6754,865.31
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)95.2694.32
Promoter Shareholding (Post-Issue)74.0974.19
P/E Ratio112.3827
Market Cap₹3418.47 Cr.₹61253.30 Cr.
ROE14.72%
ROCE13.62%
Debt/Equity7.405.85
EPS₹0.80₹27.41
RoNW30.11%

Shares Offered

In the Brigade Hotel Ventures IPO Retail Individual Investors (RII) are offered 80,18,000 shares while in HDB Financial 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 3,03,51,351 shares in HDB Financial IPO.

 Brigade Hotel Ventures IPOHDB Financial IPO
Anchor Investor Reservation3,60,81,000 shares4,55,27,026 shares
Market Maker Reservation0 shares0 shares
QIB2,40,54,000 shares3,03,51,351 shares
NII1,20,27,000 shares2,27,63,514 shares
RII80,18,000 shares5,31,14,865 shares
Employee8,73,103 shares2,70,270 shares
Others
Total8,44,29,103 shares16,89,18,917 shares

Bids Received (Subscription)

Brigade Hotel Ventures IPO subscribed 4.76x in total, whereas HDB Financial IPO subscribed 17.65x.

 Brigade Hotel Ventures IPOHDB Financial IPO
QIB (times)5.74x58.64x
NII (times)2.03x10.55x
Big NII (times)1.67x12.44x
Small NII (times)2.74x6.79x
RII (times)6.83x1.51x
Employee (times)0.99x6.03x
Other (times)4.50x
Total (times)4.76x17.65x

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