Brigade Hotel Ventures Sets Sail: IPO Price Band, Dates & Insights

The Story of Brigade Hotel Ventures’ IPO

In the heart of India’s bustling hospitality landscape, a new chapter begins for Brigade Hotel Ventures Limited—a subsidiary of the renowned Brigade Enterprises Ltd. The company invites investors to join its journey as it launches its much-anticipated initial public offering (IPO).

The IPO Saga Unfolds

Set against the vibrant backdrop of India’s resurgent travel and business sectors, Brigade Hotel Ventures has fixed its IPO price band between ₹85 and ₹90 per equity share, each with a face value of ₹10. The subscription window opens on Thursday, July 24, and concludes on Monday, July 28, 2025. Preceding this, anchor investors will receive their allocation on July 23, 2025.

The IPO’s lot size is 166 equity shares, and retail investors can apply in multiples thereof. The offering comprises solely a fresh issue—no offer-for-sale component—amounting to ₹759.60 crore.

Allotment Structure

• Qualified Institutional Buyers (QIBs): At least 75% of the issue is earmarked for this group
• Non-Institutional Investors (NII): Not more than 15% reserved
• Retail Investors: Not more than 10% of the offer
• Special Reservations: Equity shares worth up to ₹75.96 million set aside for employees, and up to ₹303.84 million for shareholders of Brigade Enterprises Limited

IPO Timeline

Event	Date
Anchor Allocation	July 23, 2025
Open for Subscription	July 24, 2025
Close of Subscription	July 28, 2025
Basis of Allotment	July 29, 2025
Refunds Initiated	July 29, 2025
Shares Credited to Demat	July 29, 2025
Listing on BSE & NSE	July 31, 2025

Proceeds & Purpose

The narrative of this IPO is written with a clear purpose:

• Repayment of Debt: ₹468.14 crore to be used for bringing down the company’s debt
• Acquisition of Land: ₹107.52 crore dedicated to securing an undivided share of land from the parent, BEL
• Strategic Initiatives: The remainder will fuel acquisitions, expansion, and corporate growth plans

Company at a Glance

Born from the vision of Brigade Enterprises Ltd Brigade Hotel Ventures began its hospitality journey in 2004. Its inaugural hotel, Grand Mercure Bangalore, welcomed guests in 2009—a milestone that set the tone for years to come.

Today, the company proudly owns and operates nine distinguished hotels across Bengaluru, Chennai, Kochi, Mysuru, and GIFT City (Gujarat). Together, these properties host an impressive 1,604 rooms, managed by global giants such as Marriott, Accor, and InterContinental Hotels Group.

Grey Market Premium (GMP)

As of July 22, 2025, the IPO’s grey market premium stands at ₹14, signaling optimistic market sentiment.

For current financials, booking trends, and sector comparisons, explore leading market platforms and IPOWatch.

Key Features at a Glance

• Price Band: ₹85-₹90 per share
• Lot Size: 166 equity shares
• Total Issue Size: ₹759.60 crore (fresh issue only)
• Listing: BSE, NSE on July 31, 2025
• QIB/NII/Retail Reservation: 75% / 15% / 10%
• GMP (as of July 22): ₹14
• Portfolio: 9 hotels, 1,604 rooms, managed by international hospitality leaders