IPO Issue Details
Issue Price / Price Band₹90 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size166 Shares per Lot
Total Issue Size8,44,12,565 shares (aggregating up to ₹759.60 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenThu, 24 Jul 2025
Subscription CloseMon, 28 Jul 2025
Anchor AllotmentWed, 23 Jul 2025
Basis of AllotmentTue, 29 Jul 2025
Initiation of RefundsTue, 29 Jul 2025
Credit of Shares to DematWed, 30 Jul 2025
Listing DateThu, 31 Jul 2025
UPI Mandate Deadline2025-07-28
Application & Investment Details
Retail — Min (1 Lots)₹14,940 — 166 shares
Retail — Max (13 Lots)₹194,220 (13 Lots)
HNI — Min (14 Lots)₹2,09,160 — 2,324 shares
EPS (Pre-IPO)₹0.80
EPS (Post-IPO)₹0.62
P/E Ratio (Pre-IPO)112.38x
P/E Ratio (Post-IPO)144.48x
Pre-IPO Promoter Holding29,54,30,000 shares
Post-IPO Promoter Holding37,98,42,565 shares
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 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.
Objects of the Issue
Brigade Hotel Ventures Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
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
2 Payment of consideration for buying of undivided share of land from the Promoter, BEL
107.52
3
3 Pursuing inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes
130.86
Shareholding & Lock-in
Pre-IPO Promoter Holding
29,54,30,000 shares
Post-IPO Promoter Holding
37,98,42,565 shares
Lock-in Period (30%)August 28, 2025
Lock-in Period (50%)October 27, 2025