Brigade Hotel Ventures IPO

Brigade Hotel Ventures Limited, a wholly-owned subsidiary of Brigade Enterprises Limited, develops and owns hotels across South India. As of March 31, 2025, it is among the top private hotel asset owners in the region with over 1,604 rooms. The company operates nine hotels in cities like Bengaluru, Chennai, Kochi, Mysuru, and GIFT City. Partnering with global brands like Marriott, Accor, and IHG, these hotels offer premium amenities including restaurants, MICE venues, spas, pools, and fitness centres.

Brigade Hotel Ventures Limited IPO Overview

The Brigade Hotel Ventures IPO is a book-built issue with a total size of ₹759.60 crores, comprising entirely of a fresh issue of 8.44 crore equity shares. The IPO will open for subscription on July 24, 2025, and close on July 28, 2025. The basis of allotment is expected to be finalised on Tuesday, July 29, 2025, and the shares are likely to be listed on both the BSE and NSE on Thursday, July 31, 2025.

The price band for the IPO is set at ₹85 to ₹90 per share. Investors can apply in lots of 166 shares, with the minimum investment for retail investors amounting to ₹14,110. For non-institutional investors, the minimum application for sNII (small NII) is 14 lots or 2,324 shares, requiring an investment of ₹2,09,160. For bNII (big NII), the minimum is 67 lots or 11,122 shares, translating to ₹10,00,980.

JM Financial Limited is acting as the book-running lead manager for the issue, and Kfin Technologies Limited has been appointed as the registrar

Brigade Hotel Ventures IPO Details

Particulars	Details
IPO Date	24 July 2025 to 28 July 2025
Listing Date	31 July 2025
Face Value	₹10 per share
Issue Price Band	₹85 to ₹90 per share
Lot Size	166 Shares
Total Issue Size	8,44,00,000 shares (₹759.60 Cr)
Fresh Issue	8,44,00,000 shares (₹759.60 Cr)
Offer for Sale	NA
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 Reservation

Investor Category	Shares Offered
QIB	Not less than 75% of the Offer size
Retail	Not more than 10% of the Offer
NII (HNI)	Not more than 15% of the Offer

Brigade Hotel Ventures IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	1	166	₹14,940
Retail (Max)	13	2,158	₹1,94,220
S-HNI (Min)	14	2,324	₹2,09,160
S-HNI (Max)	66	10,956	₹9,86,040
B-HNI (Min)	67	11,122	₹10,00,980

Brigade Hotel Ventures IPO Promoter Holding

Shareholding Status	Percentage
Pre-Issue	95.26%
Post-Issue	74.09%

Objectives of the Proceeds

• Repayment or prepayment of borrowings – ₹468.14 Crore

• Purchase of undivided land share from BEL – ₹107.52 Crore

• Inorganic growth and general corporate purposes – Amount not specified

Key Financials (in ₹ Crore)

Particulars	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
Net Worth	78.58	58.74	33.81
Total Borrowings	617.32	601.19	632.50

Brigade Hotel Ventures IPO Valuation Overview

KPI	Value
EPS (Pre-IPO)	₹0.72
P/E Ratio	125
RoNW (%)	30.11%
ROCE (%)	13.62%
PAT Margin (%)	5.03%
EBITDA Margin (%)	35.45%
Debt/Equity Ratio	7.40
Price/Book Value	32.26