BRIGADE HOTEL VENTURES IPO is a fully book-built issue with a total IPO size of ₹759.60 crores. The entire offering is a **fresh issue** worth ₹759.60 crores (no offer-for-sale).
The dates for the BRIGADE HOTEL VENTURES IPO have been announced. The IPO will open on July 24, 2025 and close on July 28, 2025. Anchor investor bidding will be on July 23, 2025.
The allotment process is expected to be finalized by July 29, 2025. The BRIGADE HOTEL VENTURES IPO is scheduled to list on BSE and NSE, with a tentative listing date of July 31, 2025.
The price band for the BRIGADE HOTEL VENTURES IPO has been set at ₹85 to ₹90 per share. The lot size is 166 shares (approx. ₹14,110–₹14,940 per lot).
Registrar for this IPO is KFin Technologies Limited and lead managers are JM Financial Limited and ICICI Securities Limited.
Explore more upcoming IPOs in India for comparison and investment planning.
IPO Schedule
| IPO Open Date | Thursday, 24 Jul, 2025 |
|---|---|
| IPO Close Date | Monday, 28 Jul, 2025 |
| IPO Allotment Date | Tuesday, 29 Jul, 2025 |
| Refund Initiation | Tuesday, 29 Jul, 2025 |
| Share credit in Demat | Wednesday, 30 Jul, 2025 |
| Listing Date | Thursday, 31 Jul, 2025 |
Key Details
| Price Band | ₹85 to ₹90 Per Share |
|---|---|
| Lot Size | 166 Shares |
| Face Value | ₹10 Per Equity Share |
| Total Issue Size | ₹759.00 Crores |
| Fresh Issue | - |
| Employee Discount | ₹3 Per Share |
| Issue Type | fresh issue |
| Listing At | BSE, NSE |
Share Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB | 75% |
| Retail | 10% |
| NII/HNI | 15% |
Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 166 | 14,940 |
| Retail (Max) | 13 | 2158 | 194,220 |
| S-HNI (Min) | 14 | 2324 | 209,160 |
| S-HNI (Max) | 66 | 10956 | 986,040 |
About Brigade Hotel Ventures Limited Company
Brigade Hotel Ventures Limited (BHVL) is a leading owner and developer of hotels primarily across South India. As of June 30, 2024, BHVL is the second-largest owner of chain-affiliated hotels and rooms in South India among major private hotel asset owners, with at least 500 rooms pan India. BHVL operates a portfolio of nine hotels with 1,604 keys across Bengaluru, Chennai, Kochi, Mysuru, and GIFT City, partnering with global hospitality companies like Marriott, Accor, and InterContinental Hotels Group.
BHVL benefits from its association with Brigade Enterprises Limited (BEL), leveraging BEL's brand reputation and real estate expertise. Hotels are strategically located in high-demand areas near commercial centers and IT hubs. BHVL's revenue from operations for the year ended March 31, 2024, reached ₹401.7 crore. The company is planning to expand further into a luxury beach resort at ECR in Chennai and two upper midscale hotels in Bengaluru, with the total luxury projects costing between ₹16 to ₹30 million per key, upper upscale at ₹11.5 to ₹14 million per key and upscale projects costing ₹8 million to ₹11 million per key.
The average occupancy rate for Fiscal Year 2024 was 73.29%, surpassing the industry average. BHVL closely monitors hotel performance and aims to optimize expenses through various efficiency initiatives. As of for the year ended March 31, 2024, Net Borrowings stood at ₹5,809.3 million.
Brigade Hotel Ventures Limited Financial Details
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 906.37 | 886.78 | 840.67 | 869.09 |
| Revenue | 101.80 | 401.70 | 350.22 | 146.48 |
| Profit After Tax | -5.78 | 31.14 | -3.09 | -82.72 |
| Net Worth | 73.23 | 79.01 | 47.80 | 45.06 |
| Reserves and Surplus | -220.81 | -215.89 | -240.82 | -242.79 |
| Total Borrowing | 609.08 | 601.19 | 632.50 | 685.45 |
₹ In Crore
Key Performance Indicator
| Basic EPS (in ₹) | Return on Net Worth (RoNW) | Net Asset Value (NAV) | Debt-Equity Ratio | Return on Equity (ROE) | Return on Capital Employed (ROCE) |
|---|---|---|---|---|---|
| 0.88 | 53.01% | 2.09 |
Offer Objectives
This document outlines the details related to the offer objects of the company's IPO. The primary shareholder is BEL, holding 28.143 Crore Equity Shares, representing 100% of both the pre-issue and post-issue equity share capital.
Several individuals, including Nirupa Shankar, Vineet Verma, Mysore Ramachandrasetty Jaishankar, Pradyumna Krishnakumar, Suresh Yadwad, and Pavitra Shankar, each hold 50 Equity Shares, but the beneficial interest rests with BEL. These holdings are considered negligible in percentage.
The company intends to utilize the net proceeds from the IPO for several key purposes:
- Repayment or prepayment of outstanding borrowings of the company and its material subsidiary, SRP Prosperita Hotel Ventures Limited. An estimated ₹412 Crore and ₹69 Crore, respectively, aggregating to ₹481 Crore, is allocated for this purpose.
- Payment of consideration for acquiring an undivided share of land from BEL, amounting to ₹107.519 Crore.
- Pursuing inorganic growth through acquisitions and other strategic initiatives, along with general corporate purposes.
Company Details
Address:
29th & 30th Floor, World Trade Center, Brigade Gateway Campus, 26/1, Dr. Rajkumar Road, Malleswaram Rajajinagar, Bengaluru 560 055, Karnataka, India
Phone: +91 80 4137 9200
Email: [email protected]
Website: https://bhvl.in
IPO Registrar Details
KFin Technologies Limited
Phone: +91 40 6716 2222, 180 0309 4001
Email: [email protected]
Website: http://www.kfintech.com
Offer Prospectus & Documents
Lead Managers
- JM Financial Limited
- ICICI Securities Limited
