The Brigade Hotel Ventures IPO is creating buzz in the market, with investors eagerly awaiting its subscription window. This fresh issue offers a unique opportunity for both retail and institutional investors. In this article, we’ll cover the Brigade Hotel Ventures IPO date and all the essential details you need to know before you invest.
Brigade Hotel Ventures IPO Date
The Brigade Hotel Ventures IPO is a bookbuilding issue worth ₹759.60 crores, with the entire offering being a fresh issue of 8.44 crore shares.
The IPO will be open for subscription from July 24, 2025, to July 28, 2025. The allotment of shares is expected to be finalized on Tuesday, July 29, 2025, and the shares are set to be listed on both BSE and NSE with a tentative listing date of Thursday, July 31, 2025.
The price band for the IPO is set between ₹85 and ₹90 per share. The minimum lot size for retail investors is 166 shares, requiring an investment of ₹14,110. For sNII (small and medium institutional investors), the lot size is 14 lots (2,324 shares), requiring an investment of ₹2,09,160, and for bNII (big institutional investors), the lot size is 67 lots (11,122 shares), requiring an investment of ₹10,00,980.
JM Financial Limited is the book-running lead manager for the IPO, and Kfin Technologies Limited will act as the registrar for the issue.
Brigade Hotel Ventures IPO Details
The Brigade Hotel Ventures IPO is set to open for subscription from July 24, 2025, to July 28, 2025. This fresh issue consists of 8.44 crore shares, aggregating up to ₹759.60 crores. The price band for the IPO has been set between ₹85 to ₹90 per share, with a lot size of 166 shares. The issue will be listed on both BSE and NSE, with a tentative listing date on July 31, 2025. Employees of Brigade Hotel Ventures will also receive a ₹3 discount per share. Here's a summary of the key details:
Key Details of Brigade Hotel Ventures IPO:
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IPO Subscription Dates: July 24, 2025, to July 28, 2025
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Listing Date: July 31, 2025 (Tentative)
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Face Value: ₹10 per share
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Issue Price Band: ₹85 to ₹90 per share
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Lot Size: 166 shares
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Sale Type: Fresh Capital
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Total Issue Size: 8,44,00,000 shares (aggregating up to ₹759.60 Cr)
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Employee Discount: ₹3.00 per share
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Issue Type: Bookbuilding IPO
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Listing At: BSE, NSE
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Shareholding Pre-Issue: 29,54,30,000 shares
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Shareholding Post-Issue: 37,98,30,000 shares
Brigade Hotel Ventures IPO Timeline
| 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 GMP
As of July 23, 2025, the Brigade Hotel Ventures IPO has a Grey Market Premium (GMP) of ₹16. With a price band set at ₹90 per share, the estimated listing price for the IPO is expected to be around ₹106, which reflects a potential gain of 17.78% per share.
For retail investors, the Brigade Hotel Ventures IPO is subject to a Sauda of ₹2,000, while Small HNI investors have a Sauda of ₹28,000.
The GMP is updated daily based on the grey market’s performance. Currently, the GMP trend is upward, indicating a strong listing for the IPO. Over the past six sessions, the lowest GMP recorded was ₹0, while the highest has been ₹17. Stay tuned for daily updates on the GMP and the expected listing price of the Brigade Hotel Ventures IPO.
Brigade Hotel Ventures IPO Reservation
The Brigade Hotel Ventures IPO reservation is divided among different investor categories as follows:
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QIB (Qualified Institutional Buyers): They will be offered no less than 75% of the total offer size.
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Retail Investors: They will be offered no more than 10% of the total offer size.
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NII (Non-Institutional Investors): They will be allocated no more than 15% of the total offer size.
Brigade Hotel Ventures Ltd: Company Overview
Brigade Hotel Ventures Ltd is a prominent player in the Indian hospitality sector, specializing in the ownership and development of hotels, primarily in key cities across South India. It holds the position of being the second-largest owner of chain-affiliated hotels and rooms in the region. The company operates hotels under well-known global brands such as Marriott, Accor, and InterContinental Hotels Group, with properties in the upper upscale, upscale, upper-midscale, and midscale segments.
The company’s journey into the hospitality business began in 2004 when its promoter, Brigade Enterprises Limited (BEL), developed its first hotel, Grand Mercure Bangalore, which started operations in 2009. As of the latest information, Brigade Hotel Ventures Ltd owns a portfolio of nine operating hotels across Bengaluru, Chennai, Kochi, Mysuru, and the GIFT City in Gujarat, with a total of 1,604 keys.
Industry Outlook and Company Information
The demand for chain-affiliated hotels in India has seen significant growth over the years. From 61,000 rooms per day in Fiscal 2015, it has increased to 116,000 rooms per day in Fiscal 2024 and is expected to reach 127,000 rooms per day by the end of Fiscal 2025. This growth represents a 9.9% CAGR between Fiscal 2001 and Fiscal 2025, with a slightly lower 7.6% CAGR from Fiscal 2015 to Fiscal 2025. In the last three years, the growth rate has been 5.6% CAGR between Fiscal 2023 and Fiscal 2025.
The travel and tourism sector plays a significant role in India’s economy, with its contribution reaching ₹15.7 trillion in 2022 and ₹19.1 trillion in 2023. According to the World Travel & Tourism Council (WTTC), the sector’s contribution is estimated to grow to ₹21.2 trillion in 2024 and is forecasted to reach ₹43.3 trillion by 2034, growing at a 7.4% CAGR from 2024 to 2034.
Strengths and Risks of Brigade Hotel Ventures IPO: Key Factors to Know
Strengths:
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Strategically Located Award-Winning Hotels: The company operates award-winning hotels in key South Indian cities, catering to diverse customer needs.
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Focus on Asset Management: Emphasis on efficient asset management enhances operational performance.
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Commitment to ESG: Brigade focuses on sustainable and eco-friendly practices, enhancing its reputation.
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Strong Parentage of Brigade Group: Backed by the financially stable Brigade Enterprises, ensuring long-term growth.
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Positioned to Leverage Industry Trends: The company is well-placed to capitalize on the booming travel and tourism industry in India.
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Experienced Management Team: Brigade benefits from a knowledgeable and experienced management team.
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Solid Financial Track Record: Brigade has shown consistent financial growth, providing investor confidence.
Risks:
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Dependence on Third-Party Hotel Operators: Relying on third-party operators like Marriott and Accor exposes the company to operational risks.
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Revenue Concentration Risk: A large portion of revenue comes from just a few hotels, risking financial stability if any face issues.
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Risks from Delays in Hotel Developments: Delays in developing new hotels could hurt the company’s expansion and financial results.
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Past Losses and Potential Future Losses: Previous losses and future risks may affect financial performance.
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High Workforce Attrition: Employee turnover could impact service quality and operational efficiency.
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Dependence on Food and Beverage Revenue: Heavy reliance on food and beverage income could pose financial risks if demand fluctuates.
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Land Acquisition and Project Execution Risks: Challenges in land acquisition or project delays could affect business outcomes.
FAQ
What are the IPO dates for Brigade Hotel Ventures?
The Brigade Hotel Ventures IPO will open on July 24, 2025, and close on July 28, 2025.
What is the price band for the Brigade Hotel Ventures IPO?
The price band for the IPO is set between ₹85 and ₹90 per share.
How many shares are being offered in the Brigade Hotel Ventures IPO?
A total of 8.44 crore shares are being offered in the IPO, aggregating up to ₹759.60 crores.
When will the allotment for the Brigade Hotel Ventures IPO be finalized?
The allotment is expected to be finalized on July 29, 2025.
When will Brigade Hotel Ventures IPO be listed?
The tentative listing date for the IPO is July 31, 2025, on BSE and NSE.
Disclaimer
The information provided in this article is for informational purposes only and does not constitute investment advice or an endorsement of the Brigade Hotel Ventures IPO. Investors are advised to conduct their own research or consult with a financial advisor before making any investment decisions. The IPO details, including dates, price band, and other specifics, are subject to change based on the company's final prospectus and regulatory approvals. Always verify the latest updates from secondary sources.
