IPO Check-In: Brigade Hotel Ventures Books Its Spot with ₹85–₹90 Price Band

Brigade Hotel Ventures Limited, the second-largest chain-affiliated hotel owner in South India, is launching its initial public offer (IPO) on July 24, 2025, at a price band of ₹85 to ₹90 per equity share. The issue will close on July 28 and will raise ₹759.6 crore through a fresh issue of equity shares.

Main points of the IPO:

The IPO is book-built issue with no offer-for-sale element

Minimum lot size 166 shares and a retail investment of ₹14,940 at the higher price band

Completion of allotment on 29th July, listing on NSE and BSE on or before 31st July

Investor cap: 75% for QIBs, 15% for HNIs, and 10% for retail investors

Company profile and finances:

Nine hotels in Bengaluru, Chennai Kochi, Mysuru, and GIFT City with 1,604 keys are operated by Brigade Hotel Ventures.

They are managed by global hospitality brands like Marriott, Accor, and IHG

Revenue for FY25 was ₹470.68 crore, with net profit of ₹23.66 crore

EBITDA margin was 35.45%, and RoNW was 30.11%, which indicated good operation efficiency

Application of proceeds:

Repayment of borrowings of the Company and its subsidiary SRP Prosperita Hotel Ventures

Purchase of undivided share of land from promoter Brigade Enterprises Limited

Strategic acquisitions and business goals overall

Sources: Money Mint Idea, Zee Business, IPO Watch, Kotak Securities, ET Now, IPO360, Business Standard, Economic Times, Tofler India, ICICI Securities, JM Financial