Brigade Hotel Ventures, a subsidiary of Bengaluru-based Brigade Enterprises, will launch its ₹760 crore IPO on July 24. The issue closes on July 28 and is entirely a fresh equity offering aimed at reducing debt and expanding growth.
Brigade Hotel Ventures, a subsidiary of Brigade Enterprises Limited (BEL), is set to open its Initial Public Offering (IPO) on July 24, 2025, with a price band of ₹85 to ₹90 per equity share. The Bengaluru-based hospitality arm of BEL owns and operates premium hotels across South Indian cities and plans to raise approximately ₹760 crore through this IPO, which will close on July 28, 2025.
The IPO consists entirely of a fresh issue of 8.44 crore shares, with no offer-for-sale (OFS) component. According to the Red Herring Prospectus, the net proceeds will be used for debt repayment, land acquisition from its parent company BEL, and future strategic expansions including acquisitions.
As of March 31, 2025, Brigade Hotel Ventures stood as the second-largest owner of chain-affiliated hotels in South India, with revenue growing 16.6% YoY to ₹468.3 crore, despite a 24% decline in profit to ₹23.7 crore.
Grey market signals a ₹11 premium, implying a potential listing at a 12% premium over the issue price.
IPO Key Details:
- Issue Dates: July 24 to July 28
- Lot Size: 166 shares; retail investors can apply for up to 13 lots
- Listing Date: Expected on July 31, 2025, on BSE and NSE
- Allotment Date: Finalisation by July 29, 2025; credit to demat by July 30, 2025
- Lead Manager: JM Financial
- Registrar: KFin Technologies
- Reservation: QIB (75%), NII (15%), Retail (10%)
Brigade Hotel Ventures aims to further solidify its presence in the fast-growing Indian hospitality sector, leveraging the strength of its parent, Brigade Enterprises, a leading real estate player based in Karnataka.
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