Brigade Hotel Ventures IPO: Date, Price Band, Lot Size & Key Details
The Brigade Hotel Ventures IPO is a book-built issue aimed at raising βΉ759.60 crore through a fresh issue of 8.44 crore equity shares. This IPO marks a significant milestone for the company as it looks to strengthen its position in the hospitality sector.
The IPO will open for subscription on July 24, 2025, and close on July 28, 2025. Share allotment is expected to be finalized on Tuesday, July 29, 2025, and the IPO is scheduled to be listed on BSE and NSE on Thursday, July 31, 2025.
The price band has been set at βΉ85 to βΉ90 per share. For retail investors, the minimum investment is βΉ14,110, representing one lot of 166 shares. In the sNII (small non-institutional investor) category, the minimum application size is 14 lots (2,324 shares), totaling βΉ2,09,160. For bNII (big non-institutional investors), itβs 67 lots (11,122 shares), which amounts to βΉ10,00,980.
Investors eyeing this IPO should evaluate the companyβs financials, industry outlook, and listing potential before making an application. The Brigade Hotel Ventures IPO is expected to attract attention from both retail and institutional participants.
Brigade Hotel Ventures IPO Details
| General | Details |
|---|---|
| IPO Date | July 24, 2025 to July 28, 2025 |
| Listing Date | [.] |
| Face Value | βΉ10 per share |
| Issue Price Band | βΉ85 to βΉ90 per share |
| Lot Size | 166 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 8,44,00,000 shares (aggregating up to βΉ759.60 Cr) |
| Employee Discount | βΉ3.00 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 29,54,30,000 shares |
| Share Holding Post Issue | 37,98,30,000 shares |
Brigade Hotel Ventures IPO Lot Size
Investors can place bids starting from a minimum of 166 shares, and in multiples thereafter. The table below outlines the minimum and maximum investment limits for both Retail Individual Investors (RIIs) and High Net-Worth Individuals (HNIs), detailing the number of shares and corresponding investment amounts.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 166 | βΉ14,940 |
| Retail (Max) | 13 | 2,158 | βΉ1,94,220 |
| S-HNI (Min) | 14 | 2,324 | βΉ2,09,160 |
| S-HNI (Max) | 66 | 10,956 | βΉ9,86,040 |
| B-HNI (Min) | 67 | 11,122 | βΉ10,00,980 |
Brigade Hotel Ventures IPO Promoter Holding
| Share Holding Pre Issue | 95.26% |
| Share Holding Post Issue | 74.09% |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
Brigade Hotel Ventures IPO Timeline
| IPO Timeline | Dates |
|---|---|
| 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 July 28, 2025 |
Brigade Hotel Ventures IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not less than 75% of the Offer size |
| Retail Shares Offered | Not more than 10% of the Offer |
| NII Shares Offered | Not more than 15% of the Offer |
Investor Category Reservations
| 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 | Shareholder limit: Up to Rs 2 Lakhs Employee limit: Up to Rs 5 Lakhs. (In certain cases, employees are given discount if bidding amount is upto Rs. 2 lakhs) | Yes |
| Employee + Shareholder + RII/NII | Shareholder limit: Up to Rs 2 LakhsEmployee limit: Up to Rs 5 Lakhs (In certain cases, employees are given discount if bidding amount is upto Rs. 2 lakhs)If applying as RII: Upto Rs. 2 lakhsIf applying as NII: sNII > Rs. 2 lakhs and upto Rs. 10 lakhs and bNII > Rs. 10 lakhs | Yes for shareholder/employee/RII |
| Shareholder + RII/NII | Shareholder limit: Upto Rs. 2 lakhsIf applying as RII: Upto Rs. 2 lakhsIf applying as NII: sNII > Rs. 2 lakhs and upto Rs. 10 lakhs and bNII > Rs. 10 lakhs | Yes for shareholder/RII |
| Employee + RII/NII | Employee limit: Up to Rs 5 Lakhs (In certain cases, employees are given discount if bidding amount is upto Rs. 2 lakhs)If applying as RII: Upto Rs. 2 lakhsIf applying as NII: sNII > Rs. 2 lakhs and upto Rs. 10 lakhs and bNII > Rs. 10 lakhs | Yes for shareholder/RII |
Note: To qualify for the Shareholder Quota, investors must hold shares in one or more of the following companies:
About Brigade Hotel Ventures IPO
Brigade Hotel Ventures Ltd. is a subsidiary of the Brigade Group, one of Indiaβs leading real estate and hospitality developers. Incorporated to handle the hospitality vertical, Brigade Hotel Ventures focuses on the development, ownership, and operation of hotels, serviced apartments, and convention centres. The company began its journey with a vision to offer premium hospitality experiences under trusted global and in-house brands.
Over the years, the company has partnered with several international hotel chains such as Marriott, IHG, and Accor, bringing global standards to Indian hospitality. Brigade Hotel Ventures Ltd. currently owns and operates multiple properties across South India, including in major cities like Bangalore, Chennai, Mysore, and Kochi. Its diversified portfolio includes business hotels, luxury hotels, and branded serviced residences, catering to a wide range of customer segments.
As of 2025, the company has shown steady financial growth backed by consistent occupancy rates and revenue per available room (RevPAR). Its strong pipeline of upcoming projects ensures long-term expansion. The Brigade Hotel Ventures IPO is being seen as a strategic move to raise capital for future development, repay debts, and strengthen its balance sheet. The company is expected to leverage its IPO proceeds to scale operations and invest in tech-driven guest services.
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The Brigade Hotel Ventures IPO marks the groupβs entry into the capital market with a fresh issue of βΉ759.60 crore. This IPO has attracted attention due to the brandβs established presence and strong promoter background. With a proven track record in the hospitality sector and a focus on operational excellence, Brigade Hotel Ventures Ltd. is positioned to benefit from the rebound in travel and tourism post-pandemic.
In addition to operating its own properties, the company also manages hotel assets and mixed-use developments for other entities. This asset-light approach helps improve margins and scalability. The Brigade Hotel Ventures IPO will further fuel the companyβs capacity to expand its hotel footprint and enhance service offerings across India. Investors looking at long-term hospitality plays may find this IPO a compelling option.
With the upcoming Brigade Hotel Ventures IPO, the brand plans to invest in green hospitality, smart hotel technologies, and partnerships with emerging lifestyle brands. The IPO is also expected to boost brand visibility and improve corporate governance. Brigade Hotel Ventures Ltd. continues to evolve with changing consumer expectations and aims to be a top-tier player in India’s growing hospitality landscape.
Products
- Business Hotels under Holiday Inn, Four Points by Sheraton, and other premium brands
- Luxury Hotels in partnership with Grand Mercure and Sheraton
- Branded Serviced Apartments under Brigadeβs Signature Series
- Convention & Event Centres in Bangalore and Chennai
- Hospitality Asset Management for external investors
- Food & Beverage outlets and banquet spaces
- Mixed-use development with hospitality-retail integrations
Company Strengths
- Strong parentage of Brigade Group with real estate and hospitality expertise
- Established brand tie-ups with global hospitality leaders
- Diverse portfolio covering all segments from budget to luxury
- Presence in high-demand cities, driving occupancy and RevPAR
- Experienced management with operational excellence
- Sustainable design and green building certifications
- Robust pipeline of future hotel and convention centre projects
Company Financials
Brigade Hotel Ventures IPO Financial Information
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 947.57 | 886.78 | 840.67 |
| Revenue | 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 βΉ Crore | |||
Key Performance Indicator (KPI)
The market capitalization of the Brigade Hotel Ventures IPO is estimated at βΉ3,418.47 crore.
| 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) | 0.72 | |
| P/E (x) | 125 |
- Note:
- The Pre-IPO EPS is calculated based on the pre-issue shareholding as per the data available in the Red Herring Prospectus (RHP) and the latest financial year earnings as of March 31, 2025.
- The Post-Issue EPS is derived using the post-issue shareholding structure and the annualized earnings for the same period, as disclosed in the RHP.
Objects of the Issue
| S.No. | Objects of the Issue | Expected Amount (βΉ 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 |
Brigade Hotel Ventures IPO Contact Details
Brigade Hotel Ventures Ltd. Contact Details
- 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/
Brigade Hotel Ventures IPO Registrar
- Kfin Technologies Limited
- Phone: 04067162222, 04079611000
- Email: einward.ris@kfintech.com
- Website: https://kosmic.kfintech.com/ipostatus/
- Fresh Issue: βΉ759.60 crore (8.44 crore equity shares)
- No Offer for Sale (OFS) component
- IPO Opens: July 24, 2025
- IPO Closes: July 28, 2025
- Allotment Date: July 29, 2025
- Listing Date (Tentative): July 31, 2025
- Price Band: βΉ85 to βΉ90 per share
- Lot Size: 166 shares
- Minimum Retail Investment: βΉ14,110
- Retail: 1 lot (166 shares) β βΉ14,110
- sNII: 14 lots (2,324 shares) β βΉ2,09,160
- bNII: 67 lots (11,122 shares) β βΉ10,00,980
- Pre-IPO EPS is based on pre-issue shareholding and FY 2025 earnings (as of March 31, 2025)
- Post-IPO EPS is calculated on post-issue shareholding and annualized FY 2025 earnings
- All EPS figures are disclosed in the Red Herring Prospectus (RHP)
- Fresh issue: βΉ360.11 crore (1.81 crore equity shares)
- Offer for Sale (OFS): None
- IPO Opens: July 25, 2025
- IPO Closes: July 29, 2025
- Allotment Date: July 30, 2025
- Listing Date (Tentative): August 1, 2025
- Price Band: βΉ189 to βΉ199 per share
- Lot Size: 75 shares
- Minimum Retail Investment: βΉ14,175
- Setting up a new manufacturing unit in Jaipur
- Working capital requirements
- Repayment of certain borrowings
- General corporate purposes
- Retail Investors: Minimum 1 lot (75 shares) β βΉ14,175
- sNII (Small HNI): Minimum 14 lots (1,050 shares) β βΉ2,08,950
- bNII (Big HNI): Minimum 68 lots (5,100 shares) β βΉ10,14,900
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