Brigade Hotel Ventures IPO
Bookbuilding IPO | ₹760.00 Cr | Listing at BSE, NSE
IPO Open
Thu, Jul 24, 2025
IPO Close
Mon, Jul 28, 2025
Price Band
₹85.00 to ₹90.00
Market Cap (Pre-IPO)
₹3,418.47 Cr
IPO Details
| IPO Date | Jul 24, 2025 to Jul 28, 2025 |
| Listing Date | Tentative: Jul 31, 2025 |
| Face Value | ₹10.00 per share |
| Price Band | ₹85.00 to ₹90.00 |
| Lot Size | 166 Shares (Minimum: ₹14,940.00) |
| Sale Type | Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Issue Size | ₹760.00 Crores |
| Total Shares Offered | 84,412,565 shares |
| Offer For Sale | 84,412,565 shares |
Subscription Data
| Category | Times Subscribed |
|---|---|
| QIB | 5.74x |
| NII | 2.03x |
| RII | 6.83x |
| Total | 6.83x |
Brigade Hotel Ventures IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | 6,01,35,000 (71.23%) |
| Retail Shares Offered | 80,18,000 (9.50%) |
| NII Shares Offered | 1,20,27,000 (14.25%) |
Brigade Hotel Ventures IPO Lot Size
Investors can bid for a minimum of 166 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 166 | ₹14,940 |
| Retail (Max) | 13 | 2,158 | ₹194,220 |
| S-HNI (Min) | 14 | 2,324 | ₹209,160 |
| S-HNI (Max) | 66 | 10,956 | ₹986,040 |
| B-HNI (Min) | 67 | 11,122 | ₹1,000,980 |
Brigade Hotel Ventures Financial Information (Restated Consolidated)
Brigade Hotel Ventures Ltd.'s revenue increased by 16% and profit after tax (PAT) dropped by 24% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 947.57 | 886.78 | 840.67 |
| Total Income | 470.68 | 404.85 | 356.41 |
| Profit After Tax | 23.66 | 31.14 | -3.09 |
| EBITDA | 166.87 | 144.61 | 113.98 |
| NET Worth | 78.58 | 58.74 | 33.81 |
| Reserves and Surplus | 0.00 | 0.00 | 0.00 |
| Total Borrowing | 617.32 | 601.19 | 632.50 |
Amount in ₹ Cr
Key Performance Indicators
As of Monday, March 31, 2025| KPI | Values |
|---|---|
| ROE (Return on Equity) | 0.00% |
| ROCE (Return on Capital Employed) | 13.62% |
| Debt/Equity | 7.40 |
| RoNW (Return on Net Worth) | 30.11% |
| PAT Margin (Profit After Tax Margin) | 5.03% |
| EBITDA Margin | 35.45% |
| Price to Book Value | 32.26 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 0.80 | 0.62 |
| P/E (x) | 112.38 | 144.48 |
| Promoter Holding | 95.26% | 74.09% |
Company Promoters
- Brigade Enterprises Limited is the promoter of the company
Company Overview
Brigade Hotel Ventures Limited is the owner and developer of hotels in key cities in India, primarily across South India. The company is a wholly-owned subsidiary of BEL, which is one of the leading Indian real estate developers in India.
The company owns chain-affiliated hotels and rooms in South India (comprising the states of Kerala, Andhra Pradesh, Tamil Nadu, Karnataka, Telangana, and the Union territories Lakshadweep, Andaman and Nicobar Islands and Pondicherry) among major private hotel asset owners (i.e., owning at least 500 rooms pan India) as of March 31, 2025.
The hotels provide a comprehensive customer experience, including fine dining and specialty restaurants, venues for meetings, incentives, conferences, and exhibitions (“MICE”), lounges, swimming pools, outdoor spaces, spas, and gymnasiums.
The company have a portfolio of nine operating hotels across Bengaluru (Karnataka), Chennai (Tamil Nadu), Kochi (Kerala), Mysuru (Karnataka) and the GIFT City (Gujarat) with 1,604 keys. The company's hotels are operated by global marquee hospitality companies such as Marriott, Accor and InterContinental Hotels Group.
Use of Proceeds
| 1) | Repayment/ prepayment, in full or in part, of certain outstanding borrowings availed by the company and Material Subsidiary, namely, SRP Prosperita Hotel Ventures Limited | 468.14 |
| 2) | Payment of consideration for buying of undivided share of land from the Promoter, BEL | 107.52 |
| 3) | Pursuing inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes | 130.86 |
Objectives
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Brigade Hotel Ventures IPO Peer Comparison
Brigade Hotel Ventures peer comparison with similar listed entities. (As on March 31, 2026)| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Brigade Hotel Ventures Limited | 0.72 | 0.72 | 2.79 | 125.00 | 30.11 | - | Consolidated |
| The Indian Hotels Company Limited | 13.40 | 13.40 | 87.22 | 56.06 | 16.42 | - | Consolidated |
| Eih Limited | 11.82 | 11.82 | 75.86 | 32.20 | 16.23 | - | Consolidated |
| Chalet Hotels Limited | 6.53 | 6.52 | 139.42 | 136.63 | 4.68 | - | Consolidated |
| Juniper Hotels Limited | 3.20 | 3.20 | 122.55 | 99.48 | 2.61 | - | Consolidated |
| Lemon Tree Hotels Limited | 2.48 | 2.48 | 22.59 | 62.04 | 13.59 | - | Consolidated |
| Samhi Hotels Limited | 3.88 | 3.84 | 51.63 | 62.75 | 62.75 | - | Consolidated |
| Apeejay Surrendra Park Hotels Limited | 3.92 | 3.92 | 60.17 | 42.05 | 6.51 | - | Consolidated |
| Ventive Hospitality Limited | 6.83 | 6.83 | 252.88 | 115.58 | 0.82 | - | Consolidated |
| Itc Hotels Limited | 3.05 | 3.05 | 51.55 | 78.20 | 5.94 | - | Consolidated |
| Schloss Bangalore Limited | 1.97 | 1.97 | 107.95 | 229.34 | 1.32 | - | Consolidated |
Quick Info
| Sector | Brigade Hotel Ventures |
| Exchange | BSE, NSE |
| Market Cap (Pre-IPO) | ₹3,418.47 Cr |
| GMP | 0.00 |
Important Dates
| IPO Open | Jul 24, 2025 |
| IPO Close | Jul 28, 2025 |
| Allotment Date | Jul 29, 2025 |
| Credit to Demat | Jul 28, 2025 |
| Listing Date | Tentative: Jul 31, 2025 |
Lead Manager(s)
JM Financial Ltd.
Registrar
Kfin Technologies Ltd.
04067162222, 04079611000
Description
- Brigade Hotel Ventures IPO is a book build issue of ₹759.60 crores. The issue is entirely a fresh issue of 8.44 crore shares of ₹759.60 crore.
- Brigade Hotel Ventures IPO bidding started from Jul 24, 2025 and ended on Jul 28, 2025. The allotment for Brigade Hotel Ventures IPO was finalized on Jul 29, 2025. The shares got listed on BSE, NSE on Jul 31, 2025.
- Brigade Hotel Ventures IPO price band is set at ₹90.00 per share . The lot size for an application is 166. The minimum amount of investment required by an retail is ₹14,940 (166 shares) (based on upper price). The lot size investment for sNII is 14 lots (2,324 shares), amounting to ₹2,09,160, and for bNII, it is 67 lots (11,122 shares), amounting to ₹10,00,980.
- The issue includes a reservation of up to 8,73,103 shares for employees offered at a discount of ₹3.00 to the issue price.