Brigade Hotel Ventures IPO will open on July 24, 2025 (Thursday) and close on July 28, 2025 (Monday). The basis of allotment will be declared on July 29, 2025 (Tuesday), refunds will be processed on July 30, 2025 (Wednesday), and shares will be credited to Demat accounts on the same day. The IPO is planned to list on BSE and NSE on July 31, 2025 (Thursday).
Brigade Hotel Ventures IPO is a Book Build Issue of around ₹759.60 crores, fully a fresh issue of 8.44 crore shares with a face value of ₹10 per share and price band fixed at ₹85 to ₹90 per share. The lot size for retail investors is 166 shares requiring a minimum investment of ₹14,110, for sNII it is 14 lots (2,324 shares) costing ₹2,09,160, and for bNII it is 67 lots (11,122 shares) costing ₹10,00,980.
The IPO quota division is Retail 10%, QIB 75%, and HNI 15%. The company reported revenue of ₹404.85 crores in FY 2024 against ₹356.41 crores in FY 2023 and turned from a loss of ₹3.09 crores in FY 2023 to a profit of ₹31.14 crores in FY 2024. Looking at the financial performance, experts suggest this IPO is good for long-term investment.
Overview of Contents
About Brigade Hotel Ventures IPO
Brigade Hotel Ventures Limited is a well-known hotel owner and developer in India, mainly focused in South Indian cities like Bengaluru, Mysuru, Chennai, Kochi, and also in GIFT City, Gujarat. The company is a wholly-owned subsidiary of Brigade Enterprises Limited (BEL), which is one of India’s top real estate developers. As of March 31, 2025, the company is counted among the major private hotel owners in India with more than 500 rooms across the country. Brigade Hotel Ventures owns nine operating hotels with a total of 1,604 keys.
Their hotels are managed by world-famous hospitality brands like Marriott, Accor, and InterContinental Hotels Group (IHG). These hotels provide full services to customers, including fine dining restaurants, lounges, swimming pools, spas, gymnasiums, outdoor spaces, and facilities for meetings, conferences, exhibitions (MICE), and other events.
As of June 30, 2024, Brigade Hotel Ventures has its presence across South Indian states like Kerala, Andhra Pradesh, Tamil Nadu, Karnataka, Telangana, and Union Territories like Lakshadweep, Andaman & Nicobar Islands, and Pondicherry. The company focuses on offering a complete luxury experience through its chain-affiliated hotels to meet both business and leisure travel needs.
Brigade Hotel Ventures IPO Overview
| Particulars | Details |
|---|---|
| IPO Listing on | BSE, NSE |
| Face Value per Share | ₹10 Each |
| Price Band (Per Share) | ₹85 to ₹90 |
| Minimum Lot Size | 166 Shares |
| Total Equity Shares Offered | 8,44,00,000 Shares |
| Total Issue Size (Approx.) | ₹759.60 Crores |
| Offer Structure | 100% Fresh Issue |
| Issue Type | Bookbuilding Process |
| Employee Discount | ₹3 Per Share |
| Pre-Issue Share Capital | 29,54,30,000 Shares |
| Post-Issue Share Capital | 37,98,30,000 Shares |
| Retail Portion | Not More Than 10% |
| QIB Portion | Not More Than 75% |
| NII Portion | Not More Than 15% |
Brigade Hotel Ventures IPO Prospectus
| DRHP | Click here |
| RHP | Click here |
Brigade Hotel Ventures IPO Lot Size
| Category | Lots | Shares | Amount (Approx.) |
|---|---|---|---|
| Retail (Min) | 1 | 166 | ₹14,940 |
| Retail (Max) | 13 | 2,158 | ₹1,94,220 |
| sHNI (Min) | 14 | 2,324 | ₹2,09,160 |
| sHNI (Max) | 66 | 10,956 | ₹9,86,040 |
| bHNI (Min) | 67 | 11,122 | ₹10,00,980 |
Objects of the Issue (Purpose of IPO Funds)
- Repayment / Prepayment (Full or Partial) of certain outstanding borrowings availed by:
- The Company
- Its Material Subsidiary, SRP Prosperita Hotel Ventures Limited
- Payment for Purchase of undivided share of land from the Promoter (BEL)
- Funding Inorganic Growth through potential acquisitions and other strategic initiatives
- General Corporate Purposes
Brigade Hotel Ventures IPO Dates
| Event | Date & Day |
|---|---|
| IPO Open Date | July 24, 2025 (Thursday) |
| IPO Close Date | July 28, 2025 (Monday) |
| Basis of Allotment | July 29, 2025 (Tuesday) |
| Refunds Initiation | July 30, 2025 (Wednesday) |
| Credit to Demat A/c | July 30, 2025 (Wednesday) |
| IPO Listing Date | July 31, 2025 (Thursday) |
Brigade Hotel Ventures IPO Promoter Holding
Brigade Enterprises Limited is the promoter of Brigade Hotel Ventures Limited. The promoter’s shareholding will reduce from 95.26% before the IPO to 74.09% after the IPO.
Peer Group Comparison
| Company Name | Total Income (₹ Cr.) | EPS (₹) | NAV (₹) | RoNW (%) | P/E Ratio (x) |
|---|---|---|---|---|---|
| Apeejay Surendra Park Hotels | 1,717.83 | 3.92 | 60.17 | 6.51% | 42.05 |
| Ventive Hospitality | 2,078.40 | 6.83 | 252.88 | 0.82% | 115.58 |
| ITC Hotels | 3,559.81 | 3.05 | 51.55 | 5.94% | 78.20 |
| Schloss Bangalore | 1,300.57 | 1.97 | 107.95 | 1.32% | 229.34 |
Brigade Hotel Ventures Financial Performance
Brigade Hotel Ventures Ltd. has shown steady growth in revenue, rising by 16% from FY 2024 to FY 2025. However, the profit after tax (PAT) declined by 24% during the same period. Below is the key financial summary for the last three financial years.
| Financial Year Ending | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|
| Total Assets (₹ Cr.) | 947.57 | 886.78 | 840.67 |
| Total Revenue (₹ Cr.) | 470.68 | 404.85 | 356.41 |
| Profit After Tax (₹ Cr.) | 23.66 | 31.14 | -3.09 |
| EBITDA (₹ Cr.) | 166.87 | 144.61 | 113.98 |
| Net Worth (₹ Cr.) | 78.58 | 58.74 | 33.81 |
| Total Borrowings (₹ Cr.) | 617.32 | 601.19 | 632.50 |
Brigade Hotel Ventures IPO Review
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Brigade Hotel Ventures IPO Valuation – FY 2025
Here are the key valuation metrics of Brigade Hotel Ventures Ltd. for FY 2025, including EPS, RoNW, NAV, and other important financial ratios to help understand the company’s financial position at the time of IPO.
| Key Metrics | Values |
|---|---|
| Earnings Per Share (EPS) | ₹0.72 (Basic) |
| Net Asset Value (NAV) | ₹2.79 |
| Return on Net Worth (RoNW) | 30.11% |
| Return on Capital Employed (ROCE) | 13.62% |
| EBITDA Margin | 35.45% |
| PAT Margin | 5.03% |
| Debt-to-Equity Ratio | Not Available |
| Price-to-Earnings (P/E) Ratio | N/A |
| Return on Equity (ROE) | Not Available |
Brigade Hotel Ventures IPO Registrar
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: einward.ris@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
IPO Lead Managers aka Merchant Bankers
- Jm Financial Limited
- ICICI Securities Limited
Company Address
Brigade Hotel Ventures Ltd.
29 th & 30 th Floor, World Trade Center, Brigade
Gateway Campus, 26/1, Dr. Rajkumar Road,
Malleswaram Rajajinagar
Bengaluru, Karnataka, 560055
Phone: +91 80 4137 9200
Email: investors@bhvl.in
Website: https://bhvl.in/
Brigade Hotel Ventures IPO FAQs
What are the IPO open and close dates for Brigade Hotel Ventures?
The IPO will open on July 24, 2025 (Thursday) and will close on July 28, 2025 (Monday).
When is the allotment date for Brigade Hotel Ventures IPO?
The allotment is expected on July 29, 2025 (Tuesday).
When will refunds be initiated for Brigade Hotel Ventures IPO?
Refunds will start from July 30, 2025 (Wednesday).
When will the shares be credited to Demat accounts?
Shares will be credited on July 30, 2025 (Wednesday).
What is the IPO listing date for Brigade Hotel Ventures?
The company’s shares are expected to be listed on July 31, 2025 (Thursday) on BSE and NSE.
What is the price band of Brigade Hotel Ventures IPO?
The IPO price band is ₹85 to ₹90 per share.
What is the face value of Brigade Hotel Ventures shares?
The face value of each share is ₹10.
What is the size of Brigade Hotel Ventures IPO?
The IPO size is approximately ₹759.60 crores through a fresh issue.
How much is the minimum investment required for retail investors?
Retail investors need to apply for at least 1 lot (166 shares) which requires ₹14,940 investment.