BRIGADE HOTEL VENTURES LIMITED
₹ 85 - ₹ 90
24-Jul-2025 - 28-Jul-2025
₹ 14940.00

/ 166 Shares

BRIGADE HOTEL VENTURES LIMITED

24-Jul-2025 - 28-Jul-2025

₹ 85 - ₹ 90

Price Band

₹ 14940.00

Minimum Investment

166

Bid Lot

84,429,102

Shares

  • Face Value - ₹ 10/- Per Share

  • Listing at BSE, NSE

  • 48,301 Application Required in Retail for 1 Time.

  • Registrar : KFin Technologies Limited

IPO Details

Fresh Issue of Equity Shares aggregating up to Rs. 759.60 Cr

Category % Shares/Amount
QIB 75% 60,135,001 Shares Rs. 541.22 CR
HNI 1 5% 4,008,999 Shares Rs. 36.08 CR @ 1725 FORM 1X
HNI 2 10% 8,018,000 Shares Rs. 72.16 CR @ 3450 FORM 1X
Retail 10% 8,017,999 Shares Rs. 72.16 CR @ 48301 FORM 1X
Employee 0% 873,103 Shares RS.7.60 CR
ShareHolder 0% 3,376,000 Shares RS.30.38 CR

BRLMs: JM Financial, ICICI Securities

Application Require for 1 Time

Retail (Upto 2 Lakh) HNI (2 Lakh to 10 Lakh) HNI (Above 10 Lakh)
48301 FORM 1X 1725 FORM 1X 3450 FORM 1X

IPO Lot Size

Category Lots Shares Amount
Retail (Upto 2 Lakh) 1 166 ₹ 14,940
Retail (Upto 2 Lakh) 13 2158 ₹ 194,220
S-HNI (2 Lakh to 10 Lakh) 14 2324 ₹ 209,160
S-HNI (2 Lakh to 10 Lakh) 66 10956 ₹ 986,040
B-HNI (Above 10 Lakh) 67 11122 ₹ 1,000,980

IPO Timeline

  • Open Date

    24-Jul-2025

  • Close Date

    28-Jul-2025

  • Basis of Allotment Date

    29-Jul-2025

  • Initiation of Refunds

    29-Jul-2025

  • Credit Shares to Demat A/c

    30-Jul-2025

  • IPO Listing Date

    31-Jul-2025

About Company

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.

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Strengths

Company Promoters

Company Financials

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 ? Crore

Objects of the Issue

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  

How to Apply

Apply for IPO in few simple steps.

  • Step 01 :

    Once you create your account, Login to Us.

  • Step 02 :

    Under IPO Section, you will be able to see a list of Ongoing IPOs, where you can click on apply button.

  • Step 03 :

    Add quantity of shares to apply – Maximum 3 bids are allowed (For retail category – max amount Rs.2,00,000/-).

  • Step 04 :

    Enter your UPI ID and you will receive mandate on your UPI App.

  • Step 05 :

    Once you accept the mandate, Application is submitted successful.

  • Applying for an IPO is easier than ever with Us, in just a few clicks your application is processed. You can bid for any IPO through Us, the bidding process is simple and hassle free. Every company has a lot size decided & you can buy in multiples of the decided lot.
  • If lot size is 15, then you have to bid for multiples of 15 share like 30,45,60 and so on.
  • The maximum subscription amount for retail investors is 2 lakh.
  • Any bid can be at a desired price or cut off price given by the company.

  • Enter the number of shares you wish to buy, as per the lot size.
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  • Maximum three bids will be accepted.
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  • You will immediately get a fund blocked request on your UPI for the submitted IPO application.
  • The funds will be blocked in your bank account until allotment when it is debited.
  • The limit for IPO application is Rs 2 lakh per transaction on UPI.
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