Brigade Hotel Ventures IPO is a bookbuilding of ₹759.60 crores. The issue is entirely a fresh issue.
Brigade Hotel Ventures IPO opens for subscription on July 24, 2025 and closes on July 28, 2025. The allotment for the Brigade Hotel Ventures IPO is expected to be finalized on Tuesday, July 29, 2025. Brigade Hotel Ventures IPO will be list on BSE, NSE with a tentative listing date fixed as Thursday, July 31, 2025.
Brigade Hotel Ventures IPO price bands are yet to be announced.
Jm Financial Limited is the book-running lead manager of the Brigade Hotel Ventures IPO, while Kfin Technologies Limited is the registrar for the issue.
Brigade Hotel Ventures IPO Details
| IPO Date | July 24, 2025 to July 28, 2025 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | [.] to [.] per share |
| Lot Size | |
| Sale Type | Fresh Capital |
| Total Issue Size | [.] shares (aggregating up to ₹759.60 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 29,54,30,000 shares |
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 |
| Yes |
| Employee + Shareholder + RII/NII |
| Yes for shareholder/employee/RII |
| Shareholder + RII/NII |
| Yes for shareholder/RII |
| Employee + RII/NII |
| Yes for shareholder/RII |
Brigade Hotel Ventures IPO Timeline (Tentative Schedule)
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 July 28, 2025 |
Brigade Hotel Ventures IPO Promoter Holding
| Share Holding Pre Issue | 95.26% |
| Share Holding Post Issue |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
About Brigade Hotel Ventures Ltd.
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 June 30, 2024.
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.
Company Financials
Brigade Hotel Ventures Ltd. Financial Information (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 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 | |||
Key Performance Indicator (KPI)
| KPI | Values |
|---|---|
| ROCE | 13.62% |
| Debt/Equity | 7.40 |
| RoNW | 30.11% |
| PAT Margin | 5.03% |
| EBITDA Margin | 35.45% |
Objects of the Issue (Brigade Hotel Ventures IPO Objectives)
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 |
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/