Brigade Hotel Ventures Limited
Book Built Issue IPO · NSE, BSE
- Price band
- ₹85 - ₹90
- Lot size
- 166 shares
- Issue amount
- ₹759.6 cr
- Total subscription
- 4.49×
- Opens
- 24 Jul 2025
- Closes
- 28 Jul 2025
- Allotment
- 29 Jul 2025
- Listing
- 31 Jul 2025
Offer at a glance
Issue overview
- Issue size
- 8,44,00,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹14,110
- Fresh issue
- ₹759.6 cr
- Offer for sale
- ₹0 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,940
- Issue type
- Book Built Issue IPO
- Shares before issue
- 29,54,30,000
- Shares after issue
- 37,98,30,000
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 166 | ₹14,940 |
| sHNI | 14 | 2,324 | ₹2,09,160 |
| bHNI | 67 | 11,122 | ₹10,00,980 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| RETAIL | 48,301 | 3,27,503 |
| HNIs(10L +) | 3,450 | 5,764 |
| HNIs (2-10L) | 1,725 | 4,732 |
| Shareholder | 0 | 18,611 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 216.49 | 1,243.35 |
| RETAIL | 72.16 | 489.29 |
| NIB | 108.24 | 219.53 |
| HNIs 2+ | 36.08 | 98.97 |
| HNIs 10+ | 72.16 | 120.56 |
| EMPLOYEES | 7.86 | 7.82 |
| Shareholder | 30.38 | 105.65 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Jun-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | -0.17 | 0.88 | -0.14 |
| ROE | 0 | 0 | 0 |
| ROCE | 2.83 | 12.64 | 8.64 |
| RONW | -10.74 | 53.01 | -9.14 |
| PRE IPO(PE) | 0 | 0 | 0 |
| POST IPO(PE) | 0 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
The company is the owner and developer of chain-affiliated hotels, mainly operating in South India. It functions as a wholly-owned subsidiary of Brigade Enterprises Limited (BEL), a prominent real estate developer in India. It currently owns and manages nine hotels, offering a total of 1,604 rooms, located in cities such as Bengaluru, Mysuru, Chennai, Kochi, and GIFT City in Gujarat. The company has partnered with renowned global hospitality brands including Marriott, Accor, and IHG. As of June 30, 2024, it is considered one of the major private hotel asset owners in South India, with over 500 rooms across India. The hotels provide full-service offerings such as fine dining, specialty restaurants, venues for meetings and events (MICE), lounges, swimming pools, spas, fitness centers, and outdoor spaces. The brand emphasizes delivering a complete guest experience aligned with international hospitality standards.
Strengths
- Strategic Market Presence: award-winning hotels in key South Indian cities ensure high demand and strong visibility
- Efficient Asset Use: operational focus aimed at boosting profitability and efficiency
- Strong ESG Commitment: emphasis on environmental, social, and governance practices enhances sustainability and brand value
Risk factors
- Revenue Concentration Risk: over 60% of revenue depends on a few hotels and Marriott-operated properties
- Geographic Dependency: Bengaluru hotels contributed 62.91% of FY24 revenue, increasing exposure to local disruptions
- Operator Agreement Uncertainty: ending or non-renewal of deals with Marriott, Accor, or IHG may impact business performance
Registrar & documents
Lead manager
ICICI Securities Limited, Jm Financial Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
29 th & 30 th Floor, World Trade Center, Brigade Gateway Campus, 26/1, Dr. Rajkumar Road, Malleswaram Rajajinagar Bengaluru, Karnataka, 560055
+91 80 4137 9200
[email protected]Company website ↗Understanding BRIGHOTEL IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.