Brigade Hotel Ventures
July 24, 2025 – July 28, 2025
| Price | ₹85 - ₹90 |
| Premium | ₹4 |
|---|---|
| Lot size | 166 |
| Allotment | Jul 29, 2025 |
| Listing | Jul 31, 2025 |
Brigade Hotel Ventures Subscription
Last updated on 25-Jul-2025 19:59:19
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIBs | 24054000 | 2062384 | 0.09 |
| HNIs | 12027000 | 12425266 | 1.03 |
| HNIs 10+ | 8018000 | 5916074 | 0.74 |
| HNIs 2+ | 4009000 | 6509192 | 1.62 |
| Retail | 8018000 | 39805140 | 4.96 |
| Employees | 873103 | 535350 | 0.61 |
| Shareholders | 3376000 | 6477154 | 1.92 |
| Total | 48348103 | 61305294 | 1.27 |
| Category | Reserved | Applied | Times |
|---|---|---|---|
| HNIs (10L+) | 3450 | 509 | 0.15 |
| HNIs (2-10L) | 1725 | 2530 | 1.47 |
| Retail | 48301 | 199545 | 4.13 |
| Shareholder | - | 9753 | - |
| Employee | - | 2058 | - |
Total Applications: 214395
| Category | Offered (₹ Cr) | Demand (₹ Cr) | Times |
|---|---|---|---|
| QIBs | 216.49 | 18.56 | 0.09 |
| FIIs | - | 0 | - |
| DIIs | - | 0 | - |
| Mutual funds | - | 0 | - |
| Others | - | 18.56 | - |
| HNIs | 108.24 | 111.83 | 1.03 |
| HNIs 10+ | 72.16 | 53.24 | 0.74 |
| HNIs 2+ | 36.08 | 58.58 | 1.62 |
| Retail | 72.16 | 358.25 | 4.96 |
| Employees | 7.86 | 4.82 | 0.61 |
| Shareholders | 30.38 | 58.29 | 1.92 |
| Total | 435.13 | 551.75 | 1.27 |
QIB Interest Cost per Share (7 Days)
@7% ₹0 @8% ₹0 @9% ₹0 @10% ₹0 @11% ₹0 @12% ₹0
Brigade Hotel Ventures About
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 166 | 14940 | 48301 |
| sHNI | 14 | 2324 | 209160 | 1725 |
| bHNI | 67 | 11122 | 1000980 | 3450 |
IPO Details
Total Issue Size: 84,400,000 Equity Shares aggregating up to 759.6 crore
Fresh Issue Size: 84,400,000 Equity Shares aggregating up to 759.6 crore
Issue Type: Book Built Issue
Listing At: NSE, BSE
Shareholding Pre Issue: 295,430,000 Shares
Shareholding Post Issue: 37,98,30,000 shares
IPO Reservation
QIB: Not more than 75% of the Offer size
Retail: Not less than 10% of the Offer
NII: Not less than 15% of the Offer
Shareholder Quota: ₹30.38 Crores
Key Performance Indicator
| KPI | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| RONW | 30.11% | 53.01% | -9.14% |
| EPS (basic) | 0.72 | 0.88 | -0.14 |
| P/E Pre IPO | 125 | - | - |
Financial Details (₹ Cr)
| Period Ended | Mar-25 | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|---|
| Assets | 947.6 | 886.8 | 840.7 | 869.1 |
| Revenue | 470.6 | 404.9 | 356.4 | 152.0 |
| Profit After Tax | 23.66 | 31.1 | -3.1 | -82.7 |
| Net Worth | 53.1 | 58.7 | 33.8 | 31.8 |
| Total Borrowing | 617.2 | 601.2 | 632.5 | 685.5 |
Brigade Hotel Ventures – Company Overview
Brigade Hotel Ventures Ltd is a premier hospitality venture in India and a wholly-owned subsidiary of Brigade Enterprises Limited (BEL)—one of the country’s top real estate developers. The company owns and manages a robust portfolio of internationally branded hotels with a strong presence across Southern India.
Business Footprint
Brigade Hotel Ventures currently operates 9 upscale hotels with a total of 1,604 keys, strategically located in:
→ Bengaluru
→ Mysuru
→ Chennai
→ Kochi
→ GIFT City (Gujarat)
The company partners with top global hotel brands including:
→ Marriott International
→ Accor Hotels
→ InterContinental Hotels Group (IHG)
As of June 30, 2024, it is recognized as one of the largest privately-owned hotel asset companies in South India, operating 500+ rooms across India.
Service Offerings
Brigade Hotel Ventures delivers premium full-service experiences, featuring:
→ Fine dining restaurants and multi-cuisine outlets
→ Signature specialty restaurants
→ Conference and event (MICE) facilities
→ Lounges, bar spaces, and social hubs
→ Fitness centers, swimming pools, and spas
→ Outdoor landscaped relaxation zones
The focus remains on offering international-grade guest experiences tailored to both leisure and business travelers.
Key Strengths
→ Prime Locations: Hotels are located in high-demand, urban markets across South India
→ Operational Efficiency: Strong emphasis on profitability and scalable processes
→ ESG Commitment: Active integration of environmental, social, and governance standards to boost sustainability and brand credibility
Identified Weaknesses
→ Revenue Dependence on Select Assets: Over 60% of income is derived from a few hotels, particularly Marriott-run properties
→ Geographic Concentration in Bengaluru: Bengaluru properties alone contributed 62.91% of FY24 revenue, exposing the business to regional fluctuations
→ Operator Reliance Risk: Heavy dependence on third-party operator agreements (Marriott, Accor, IHG), where non-renewal or termination could significantly impact business continuity
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