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Brigade Hotel Ventures IPO is a book build issue of ₹759.60 crores. The issue is entirely a fresh issue of 8.44 crore shares of ₹759.60 crore.
Brigade Hotel Ventures IPO bidding started from Jul 24, 2025 and ended on Jul 28, 2025. The allotment for Brigade Hotel Ventures IPO was finalized on Jul 29, 2025. The shares got listed on BSE, NSE on Jul 31, 2025.
Brigade Hotel Ventures IPO price band is set at ₹90.00 per share . The lot size for an application is 166. The minimum amount of investment required by an retail is ₹14,940 (166 shares) (based on upper price). The lot size investment for sNII is 14 lots (2,324 shares), amounting to ₹2,09,160, and for bNII, it is 67 lots (11,122 shares), amounting to ₹10,00,980.
The issue includes a reservation of up to 8,73,103 shares for employees offered at a discount of ₹3.00 to the issue price.
JM Financial Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Brigade Hotel Ventures IPO RHP for detailed Information.
| IPO Date | July 24, 2025 to July 28, 2025 |
| Listing Date | July 31, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹85 to ₹90 per share |
| Issue Price Final | ₹90 per share |
| Lot Size | 166 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 8,44,12,565 shares (aggregating up to ₹759.60 Cr) |
| Employee Discount | ₹3.00 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 29,54,30,000 shares |
| Share Holding Post Issue | 37,98,42,565 shares |
Brigade Hotel Ventures IPO offers total 8,44,29,103 shares. Out of which 6,01,35,000 (71.23%) allocated to QIB, 2,40,54,000 (28.49%) allocated to QIB (Ex- Anchor), 1,20,27,000 (14.25%) allocated to NII, 80,18,000 (9.50%) allocated to RII and 3,60,81,000 (42.74%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 6,01,35,000 (71.23%) | NA |
| − Anchor Investor Shares Offered | 3,60,81,000 (42.74%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 2,40,54,000 (28.49%) | NA |
| NII (HNI) Shares Offered | 1,20,27,000 (14.25%) | NA |
| − bNII > ₹10L | 80,18,000 (9.50%) | 3,450 |
| − sNII < ₹10L | 40,09,000 (4.75%) | 1,725 |
| Retail Shares Offered | 80,18,000 (9.50%) | 48,301 |
| Employee Shares Offered | 8,73,103 (1.03%) | NA |
| Shareholders Shares Offered | 33,76,000 (4.00%) | NA |
| Total Shares Offered | 8,44,29,103 (100.00%) |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only shareholder | Up to Rs 2 Lakhs | Allowed only if bidding amount is upto Rs 2 lakhs |
| Only employee | Up to Up to Rs 5 Lakhs | Yes |
| Employee + Shareholder |
|
Yes |
| Employee + Shareholder + RII/NII |
|
Yes for shareholder/employee/RII |
| Shareholder + RII/NII |
|
Yes for shareholder/RII |
| Employee + RII/NII |
|
Yes for shareholder/RII |
Note: To be eligible for the Shareholder Quota, you must hold shares in one of the following companies:
Brigade Hotel Ventures IPO raises ₹324.73 crore from anchor investors. Brigade Hotel Ventures IPO Anchor bid date is July 23, 2025. Brigade Hotel Ventures IPO Anchor Investors list
| Bid Date | July 23, 2025 |
| Shares Offered | 3,60,81,000 |
| Anchor Portion Size (In Cr.) | 324.73 |
| Anchor lock-in period end date for 50% shares (30 Days) | August 28, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | October 27, 2025 |
Brigade Hotel Ventures IPO opens on July 24, 2025, and closes on July 28, 2025.
| IPO Open Date | Thu, Jul 24, 2025 |
| IPO Close Date | Mon, Jul 28, 2025 |
| Tentative Allotment | Tue, Jul 29, 2025 |
| Initiation of Refunds | Tue, Jul 29, 2025 |
| Credit of Shares to Demat | Wed, Jul 30, 2025 |
| Tentative Listing Date | Thu, Jul 31, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Jul 28, 2025 |
Investors can bid for a minimum of 166 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 166 | ₹14,940 |
| Retail (Max) | 13 | 2,158 | ₹1,94,220 |
| S-HNI (Min) | 14 | 2,324 | ₹2,09,160 |
| S-HNI (Max) | 66 | 10,956 | ₹9,86,040 |
| B-HNI (Min) | 67 | 11,122 | ₹10,00,980 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Brigade Hotel Ventures Limited is the owner and developer of hotels in key cities in India, primarily across South India. The company is a wholly-owned subsidiary of BEL, which is one of the leading Indian real estate developers in India.
The company owns chain-affiliated hotels and rooms in South India (comprising the states of Kerala, Andhra Pradesh, Tamil Nadu, Karnataka, Telangana, and the Union territories Lakshadweep, Andaman and Nicobar Islands and Pondicherry) among major private hotel asset owners (i.e., owning at least 500 rooms pan India) as of March 31, 2025.
The hotels provide a comprehensive customer experience, including fine dining and specialty restaurants, venues for meetings, incentives, conferences, and exhibitions (“MICE”), lounges, swimming pools, outdoor spaces, spas, and gymnasiums.
The company have a portfolio of nine operating hotels across Bengaluru (Karnataka), Chennai (Tamil Nadu), Kochi (Kerala), Mysuru (Karnataka) and the GIFT City (Gujarat) with 1,604 keys. The company's hotels are operated by global marquee hospitality companies such as Marriott, Accor and InterContinental Hotels Group.
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 Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 947.57 | 886.78 | 840.67 |
| Total Income | 470.68 | 404.85 | 356.41 |
| Profit After Tax | 23.66 | 31.14 | -3.09 |
| EBITDA | 166.87 | 144.61 | 113.98 |
| Net Worth | 78.58 | 58.74 | 33.81 |
| Total Borrowing | 617.32 | 601.19 | 632.50 |
| Amount in ₹ Crore | |||
The market capitalization of Brigade Hotel Ventures IPO is ₹3418.47 Cr.
KPI as of Mon, Mar 31, 2025.
| KPI | Values |
|---|---|
| ROCE | 13.62% |
| Debt/Equity | 7.40 |
| RoNW | 30.11% |
| PAT Margin | 5.03% |
| EBITDA Margin | 35.45% |
| Price to Book Value | 32.26 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 0.80 | 0.62 |
| P/E (x) | 112.38 | 144.48 |
The Company Brigade Hotel Ventures IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Repayment/ prepayment, in full or in part, of certain outstanding borrowings availed by the company and Material Subsidiary, namely, SRP Prosperita Hotel Ventures Limited | 468.14 |
| 2 | Payment of consideration for buying of undivided share of land from the Promoter, BEL | 107.52 |
| 3 | Pursuing inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes | 130.86 |
[Dilip Davda] BHVL is engaged in owning and developing hotels, with prime focus on Southern region. It has carried forward loss of Rs. 196.05 cr. as of March 31, 2025. The company turned the corner from FY24 and posted profitable workings. Based on recent financials, the issue prima facie appears aggressively priced. Considering its ongoing expansions and bright prospects, well-informed investors may park funds for long term. Read detail review...
| Listing Date | July 31, 2025 |
| BSE Script Code | 544457 |
| NSE Symbol | BRIGHOTEL |
| ISIN | INE03NU01014 |
| Final Issue Price | ₹90 per share |
| NSE Listing Group | EQ (Rolling) |
| BSE Listing Group | B |
Brigade Hotel Ventures Ltd.
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/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: einward.ris@kfintech.com
Website: https://ipostatus.kfintech.com/
Brigade Hotel Ventures IPO is a main-board IPO of 8,44,12,565 equity shares of the face value of ₹10 aggregating up to ₹759.60 Crores. The issue is priced at ₹90 per share. The minimum order quantity is 166.
The IPO opens on July 24, 2025, and closes on July 28, 2025.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Brigade Hotel Ventures IPO using UPI as a payment gateway. Zerodha customers can apply in Brigade Hotel Ventures IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Brigade Hotel Ventures IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Brigade Hotel Ventures IPO opens on July 24, 2025 and closes on July 28, 2025.
Brigade Hotel Ventures IPO lot size is 166, and the minimum amount required for application is ₹14,940.
You can apply in Brigade Hotel Ventures IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Brigade Hotel Ventures IPO will be done on Tuesday, July 29, 2025, and the allotted shares will be credited to your demat account by Wednesday, July 30, 2025. Check the Brigade Hotel Ventures IPO allotment status.
The Brigade Hotel Ventures IPO listing date is on Thursday, July 31, 2025.
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