Brigade Hotel Ventures IPO GMP, Price, Date, Allotment Status

Brigade Hotel Ventures Limited is a wholly-owned subsidiary of Brigade Enterprises Limited which is a prominent hotel owner and developer focused on South India now they came for Initial Public Offering (IPO) to raise ₹759.60 Crores through a fresh issue of 84.4 million equity shares.

In this article, let’s understand the Brigade Hotel Ventures IPO, covering its Grey Market Premium (GMP), key timeline, price band, allotment details, financial performance, and a step-by-step guide on how to apply.

About Brigade Hotel Ventures Limited

Brigade Hotel Ventures Limited was incorporated in 2004. It is a Bengaluru-based hospitality company and a leading hotel owner and developer in South India. As of March 31, 2025, it is the second-largest owner of chain-affiliated hotels and rooms in South India among private hotel asset owners with over 500 keys.

Brigade operates 9 hotels with 1,604 keys across Bengaluru, Mysuru, Chennai, Kochi, and GIFT City, managed by global hospitality giants like Marriott, Accor, and InterContinental Hotels Group. With an average occupancy rate of 64.5% in FY 2025, Brigade Hotel Ventures outperforms the industry average of 64%.

The company uses BEL’s real estate expertise to focus on cost-efficient hotel development and strategic location selection.

What is Brigade Hotel Ventures IPO?

The Brigade Hotel Ventures IPO is a book-built issue aiming to raise ₹759.60 Crores through a fresh issue of 84.4 million equity shares with a face value of ₹10 each. Approved by SEBI, the IPO opening for subscription to retail public on July 24, 2025, and will be closed on July 28, 2025, with a tentative listing on BSE and NSE on July 31, 2025 10:00 AM.

Brigade Hotel Ventures IPO Key Timeline

Key IPO Details

• IPO Open Date: July 24, 2025
• IPO Close Date: July 28, 2025
• Issue Size: ₹759.60 Crores (84.4 million shares)
• Fresh Issue: ₹759.60 Crores (84.4 million shares)
• Offer for Sale: “0”
• Face Value: “₹10” per equity share
• Price Band: ₹85 to ₹90 per share
• Lot Size: 166 shares
• Minimum Investment (Retail): ₹14,940 (166 shares)
• Minimum Investment (sHNI): ₹2,09,160 (2,324 shares, 14 lots)
• Minimum Investment (bHNI): ₹10,00,980 (11,122 shares, 67 lots)
• Market Maker Portion: Not applicable; hence it was a mainboard IPO
• IPO Reservation:
  • Qualified Institutional Buyers (QIB): Not Less than 75%
  • Non-Institutional Investors (NII/HNI): Not More than 15%
  • Retail Investors: Not More than 10%
  • Shareholder Quota: ₹30.38 Crores (for Brigade Enterprises shareholders)
  • Employee Quota: ₹7.6 Crores
• UPI Mandate Confirmation Cut-off: 5:00 PM on July 28, 2025
• Lead Manager: JM Financial Limited, ICICI Securities Limited
• Registrar: KFin Technologies Limited

IPO Strategic Objectives

The ₹759.60 Crores funds which are planning to raise will be utilised for the following purposes.

• Repayment/prepayment of certain outstanding borrowings of the company and its material subsidiary, SRP Prosperita Hotel Ventures Limited.
• Payment for the acquisition of an undivided share of land from the promoter, Brigade Enterprises Limited.
• Pursuing inorganic growth through unidentified acquisitions and strategic initiatives and General corporate purposes.

Brigade Hotel Ventures Business Overview

• Service Portfolio: Operates a portfolio of nine hotels with 1,604 keys across midscale to upper-upscale segments, catering to business and leisure travellers in key South Indian cities and newly announced GIFT City.
• Global Partnerships: Brigade Hotels collaborated with global hospitality chains like 
  1) Marriott
  2) Accor 
  3) InterContinental Hotels Group
  For ensuring high operational standards and brand recognition in globally.
• Infrastructure: Benefits from BEL’s integrated real estate expertise, enabling cost-efficient hotel development and strategic location selection.
• Market Positioning: Brigade Hotels was the second-largest private hotel asset owner in South India with over 500 keys, with an occupancy rate of 64.5% in FY 2025, surpassing the industry average.

Key Highlights

• Market Leadership: One of South India’s leading hotel owners, with a strong presence in key cities and partnerships with global hospitality majors.
• High Occupancy: Brigade Hotels had achieved the 64.5% occupancy in FY 2025, which outperformed the industry average of 64%.
• Strategic Growth: Backed by BEL’s real estate expertise, the company focuses on cost-efficient development and strategic acquisitions.
• Financial Turnaround: Turned profitable in Financial Year 2024 after carrying forward losses, with improved financial performance in Financial Year 2025.

Strengths and Challenges of Brigade Hotel Ventures

Brigade Hotel Ventures was a globally established company. It has many strengths, and it was facing the following challenges in its business.

Strengths:

• Strong Percentage: Brigade Hotels Ventures was backed by Brigade Enterprises Limited, which was a patient company and a leading Indian real estate developer, enhancing credibility and operational expertise.
• High Occupancy Rates: Outperforms industry averages, reflecting strong demand for its properties.
• Global Partnerships: Brigade Hotels was collobrated with Marriott, Accor, and IHG ensure operational excellence and brand visibility and to capture global market share.
• Scalable Model: Leverages BEL’s real estate expertise for cost-efficient development and strategic growth.

Challenges:

• Carried Forward Losses: As of March 31, 2025, Brigade Hotels has a carried forward loss of ₹196.05 Crores.
• Aggressive Pricing: The IPO’s valuation may be considered high based on recent financials provided in the DHRP which was submitted to SEBI.
• Market Competition: The hospitality sector faces intense competition, requiring continuous investment in quality and innovation.
• Economic Sensitivity: The hospitality industry is sensitive to economic downturns and external factors like travel restrictions.

Financial Performance

Brigade Hotel Ventures IPO GMP Today

The Grey Market Premium (GMP) for Brigade Hotel Ventures IPO today is approximately ₹10 per share, indicating a potential listing price of ₹99 per share (10.00% above the upper price band of ₹90).

Things to Consider Before Applying for Brigade Hotel Ventures IPO:

• Carried Forward Losses: Brigade Hotels has a ₹196.05 Cr in carried forward losses in their books as of March 31, 2025 as per the DRHP filled with SEBI.
• Aggressive Valuation: The issue appears to be priced aggressively based on recent financials.
• Sensitivity of Sector: The hospitality sector is very vulnerable to economic downturns and external disruptions.
• GMP Volatility: Modest GMP and potential oversubscription may limit short-term listing gains.

How to Apply for Brigade Hotel Ventures IPO?

Investors can apply for the Brigade Hotel Ventures IPO through the following methods:

Online ASBA:

Step 1: Log in to your registered bank’s net banking portal.
Step 2: Navigate to the IPO section in the Net Banking application.
Step 3: Select “Brigade Hotel Ventures IPO” from the dropdown of IPOs.
Step 4: Fill the bidding details like lot size (quantity) and the price.
Step 5: Submit and complete the payment process and wait for the allotment.

UPI:

Step 1: Log in to your stockbroker’s app or website.
Step 2: Head to the IPO section and select “Brigade Hotel Ventures IPO” for the list of given IPOs.
Step 3: Enter bid details like Lot size and the Price.
Step 4: Enter the registered bank’s UPI ID and submit the application.
Step 5: Confirm the UPI mandate before 5:00 PM on July 28, 2025.

Offline:

• Download the IPO application form from NSE, BSE, or your stockbroker.
• Fill in personal and bid details.
• Submit the form to your stockbroker.
• Receive the application number and await allotment results.

Brigade Hotel Ventures IPO Allotment Status

The IPO allotment status for the Brigade Hotel Ventures IPO will be available on the KFin Technologies Limited website on July 29, 2025. Follow the below mentioned steps to check your allotment status online:

Step 1: Visit the KFin Technologies website via mobile or desktop.
Step 2: Head to the “IPO allotment status check” section.
Step 3: Select “Brigade Hotel Ventures Limited” from the dropdown.
Step 4: Click on any option PAN, application number, or DP/Client ID.
Step 5: Enter the required details for verification.
Step 6: Click “Search” to view your allotment status.

Note: Allotment status can also be checked through NSE, BSE, or your stockbroker once results are finalised.

Company Contact Details

Company Details:

Name: Brigade Hotel Ventures Ltd.
Address: 29th & 30th Floor, World Trade Centre, Brigade Gateway Campus, 26/1, Dr. Rajkumar Road, Malleswaram Rajajinagar, Bengaluru, Karnataka, 560055, India.
Phone: +91 80413 79200.
Email: investors@brigadegroup.com

Registrar:

Name: KFin Technologies Limited
Address: Selenium, Tower B, Plot No. 31 & 32, Financial District, Nanakramguda, Serilingampally, Hyderabad, Telangana – 500032, India
Phone: +91 40 6716 2222
Email: brigade.ipo@kfintech.com

Conclusion

The Brigade Hotel Ventures IPO opens for subscription on July 24, 2025, morning at 10:00 AM and closes on July 28, 2025, at 5:00 PM. Allotments are expected to be finalised on July 29, 2025, with the listing scheduled for July 31, 2025, at 10:00 AM on BSE and NSE. With a GMP of ₹16, the IPO offers moderate listing gain potential, but investors should weigh the company’s carried forward losses and sector risks against its strong parentage and growth prospects.

Disclaimer: The information provided in this article is only for educational purposes and should not be treated as investment advice. Investors are advised to conduct their own research and consult SEBI-registered financial advisors before making investment decisions.

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