Bookbuilding IPO | ₹760 Cr | Listed at BSE, NSE | Thu, Jul 24, 2025 - Mon, Jul 28, 2025
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 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 Open
Thu, Jul 24, 2025
IPO Close
Mon, Jul 28, 2025
Issue Price
₹90 per share
Market Cap (Pre-IPO)
₹3,418.47 Cr
| IPO Date | 24 to 28 Jul, 2025 |
| Listed on | Thu, Jul 31, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹85 to ₹90 |
| Issue Price | ₹90 per share |
| Lot Size | 166 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Employee Discount | ₹3.00 |
| Total Issue Size | 8,44,12,565 shares (agg. up to ₹760 Cr) |
| Fresh Issue | 8,44,12,565 shares (agg. up to ₹760 Cr) |
| Share Holding Pre Issue | 29,54,30,000 shares |
| Share Holding Post Issue | 37,98,42,565 shares |
| BSE Script Code / NSE Symbol | 544457 / BRIGHOTEL |
| ISIN | INE03NU01014 |
Brigade Hotel Ventures IPO comprises a total issue size of 8,44,29,103 shares. The net offer to the public is 8,01,80,000 shares, after excluding 42,49,103 shares under a preferential allotment. Of the Net offer 6,01,35,000 (75.00%) are allocated to QIB, 1,20,27,000 (15.00%) allocated to NII 80,18,000 (10.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 6,01,35,000 | 75.00% | 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 | 15.00% | 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 | 10.00% | 9.50% | 48,301 |
| Preferential Reservations | ||||
| 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% | 100.00% | |
Investors can bid for a minimum of 166 shares and in multiples thereof.
| 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 |
Brigade Hotel Ventures IPO raises ₹324.73 crore from anchor investors. Brigade Hotel Ventures IPO Anchor bid date is July 23, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Wed, Jul 23, 2025 |
| Shares Offered | 3,60,81,000 |
| Anchor Portion (₹ Cr.) | 324.73 |
| Anchor lock-in period end date for 50% shares (30 Days) | Thu, Aug 28, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Mon, Oct 27, 2025 |
| Category | Limit | Cut-off |
|---|---|---|
| RII | Up to ₹2 Lakhs | Yes |
| sNII | ₹2 Lakhs – ₹10 Lakhs | No |
| bNII | Above ₹10 Lakhs | No |
| Shareholder (SH) | Up to ₹2 Lakhs | Yes |
| Employee (EMP) | Up to ₹5 Lakhs | Yes |
| Employee + Shareholder | Up to ₹2 Lakhs (SH) + Up to ₹5 Lakhs (EMP) | Yes |
| Shareholder + RII/NII | Up to ₹2 Lakhs (SH) + RII/NII limits | Yes (SH/RII) |
| Employee + RII/NII | Up to ₹5Lakhs (EMP) + RII 'OR' NII limits | Yes (EMP/RII) |
| Employee + Shareholder + RII/NII | Upto ₹2 Lakhs (SH) + Upto ₹5 Lakhs (EMP) + RII 'OR' NII limits | Yes (SH/EMP/RII) |
Note: To be eligible for the Shareholder Quota, you must hold shares in one of the following companies:
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.
| 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 Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 |
| KPI | Mar 31, 2025 |
|---|---|
| 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 (₹) | 0.80 | 0.62 |
| P/E (x) | 112.38 | 144.48 |
| Promoter Holding | 95.26% | 74.09% |
| Market Cap | ₹3,418.47 Cr. |
The Brigade Hotel Ventures IPO IPO subscription status. Full data available on IPOMatrix.com.
| Category | Subscription (times) | Shares Offered | Shares bid for | |
|---|---|---|---|---|
| Total | 4.26 | 8,44,29,103 | 35,95,01,084 | |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | BRLMs’ fees and commissions (including underwriting commission, brokerage and selling commission) | 20.17 |
| 2 | Commission/ processing fee for SCSBs and Bankers to the Issue and fees payable to the Sponsor Banks for Bids made by UPI Bidders. Brokerage, selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDP(2)(3)(4)(5) | 0.85 |
| 3 | Fees payable to the Registrar to the Issue | |
| 4 | Fees payable to Auditors | 4.00 |
| 5 | Fee payable to industry experts | 0.34 |
| 6 | Fee payable to legal counsel | 8.07 |
| 7 | Others | 2.26 |
| 8 | Listing fees, SEBI filing fees, upload fees, BSE and NSE processing fees, book building software fees and other regulatory expenses | 4.62 |
| 9 | Printing and stationery | 1.52 |
| 10 | Advertising and marketing expenses | 6.70 |
| 11 | Miscellaneous | 4.55 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹90.00 | ₹90.00 |
| Open | ₹82.00 | ₹81.10 |
| Low | ₹81.49 | ₹81.10 |
| High | ₹87.80 | ₹87.84 |
| Last Trade | ₹85.40 | ₹85.32 |
Lead Manager Reports
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 ₹760 Crores. The issue is priced at ₹90 per share. The minimum order quantity is 166.
The IPO opens on Thu, Jul 24, 2025, and closes on Mon, Jul 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 Thu, Jul 24, 2025 and closes on Mon, Jul 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 Wed, Jul 30, 2025. Check the Brigade Hotel Ventures IPO allotment status.
The Brigade Hotel Ventures IPO listing date is on Thu, Jul 31, 2025.
