Brigade Hotel Ventures IPO

4.64x

subscribed

Brigade Hotel Ventures IPO

Hotel
listed
₹14,110Min. investment
  1. Pre-apply
    22 Jul
  2. Bid start
    24 Jul
  3. Bid end
    28 Jul
  4. Allotment
    29 Jul
  5. Release of funds
    29 Jul
  6. Demat transfer
    30 Jul
  7. Listing
    31 Jul

About Brigade Hotel Ventures Limited

SectorHotel
Price range₹85.00 – ₹90.00
IPO type
Regular
Lot size166 shares
Issue size₹759Cr
Red Herring Prospectus
Read
Market Cap
₹3,418.47CrHigher than sector avg
RevenueApr 2024 - Mar 2025
₹468.25CrHigher than sector avg
Growth rate3Y CAGR
15.63%Higher than sector avg

Brigade Hotel Ventures Limited IPO Overview

Brigade Hotel Ventures Limited IPO Date

Brigade Hotel Ventures IPO will open for subscription on July 24, 2025, and the closing date for the IPO is July 28, 2025. After this, investors are expected to be updated about the allotment status on Tuesday, July 29, 2025.

Investors who have been allotted shares can expect them to be credited to their demat account on July 30, 2025. The shares will be listed on the NSE and the BSE on Thursday, July 31, 2025.

Brigade Hotel Ventures Limited IPO Price Band

The IPO includes fresh issue of shares only. The IPO price band has been set between ₹85 to ₹90 per share. Interested investors can choose a price within this band to apply for the IPO.

The IPO is a book-building issue, comprising a fresh issue of ₹759.60 crore.

The Brigade Hotel Ventures IPO listing price will be determined on July 31, 2025. The listing price is the price at which a company’s shares debut on the stock exchanges.

Brigade Hotel Ventures Limited IPO Lot Size

The Brigade Hotel Ventures IPO details have been declared. The minimum lot size for an application is 166 shares, and the investor would have to apply for a minimum of 1 lot. Meanwhile, the IPO issue size is approximately ₹759.60 crore.

Checklist

Quality analysis
Revenue growth
Company valuation
Earnings expansion
Risk analysis
Debt to Equity ratio
Promoter holdings
Shares pledged
The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

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Revenue
Higher revenue means strong sales and good market demand
This IPO
₹468.25Cr
This sector
₹271.36Cr
Compare with companies
3Y growth
Strong 3-year growth shows consistent progress and potential
This IPO
15.63%
This sector
0.01%
Compare with companies
PAT
Higher PAT means strong profitability and efficient cost management
This IPO
₹23.66Cr
This sector
₹43.44Cr
Compare with companies
Market cap
Higher market cap means strong confidence but may suggest overvaluation
This IPO
₹3,418.47Cr
This sector
₹3,215.69Cr
Compare with companies
P/E ratio
Lower ratio usually means stock is undervalued
This IPO
125.00
This sector
31.38
Compare with companies
D/E ratio
Lower ratio usually means fewer liabilities
This IPO
7.40
This sector
0.70
Compare with companies

Objectives

Repayment or prepayment of borrowings
61.63%
Capital expenditure requirements
14.15%
Inorganic growth and general corporate purposes
Not assigned

Strength and Weakness

Strategic hotel locations across key cities

The company owns and operates a diversified portfolio of 9 hotels with 1,604 keys as of the RHP date, located in demand-driven micro-markets across Bengaluru, Chennai, Kochi, Mysuru, and GIFT City. Their properties benefit from proximity to IT hubs, business centres, airports, and tourist attractions, ensuring a steady flow of both business and leisure travellers.

Brand tie-ups with global hospitality giants

The company operates hotels under reputed global brands like Marriott, Accor, and InterContinental Hotels Group. These alliances not only boost brand equity but also ensure consistent customer experience, operational efficiency, and marketing reach.

Expansion into underserved high-growth locations

The company plans to add 5 new hotels by FY29, taking its total inventory from 1,604 keys to ~2,560 keys, a 59.6% increase. These markets show a favourable demand-supply gap, especially Bengaluru and Hyderabad, with demand CAGR at 10.1% and 8.3%, respectively, outpacing supply CAGR at 7.3% in Bengaluru and 4.8% in Hyderabad until FY30.

Strong food & beverage and MICE revenue contribution

The company’s F&B (including MICE) revenue grew from INR 109.62 crore in FY23 to INR 155.33 crore in FY25, a CAGR of ~19.3%. Contribution to total revenue rose from 31.30% in FY23 to 32.75% in FY25. The company's strategic upgrades and expansion in dining and event spaces (2.15 lakh sq. ft. MICE area and 30 F&B outlets) ensure continued growth in non-room revenues.

Backed by the Brigade Group’s credibility and expertise

Brigade Hotels is a subsidiary of Brigade Enterprises Ltd. (BEL), a listed and established real estate developer with multi-asset expertise. This relationship provides the company with access to synergies in land acquisition, brand credibility, corporate clientele, and financial strength.

About Brigade Hotel Ventures Limited

Incorporated in 2016, Brigade Hotel Ventures Limited is an owner and developer of hotels in key cities in India, primarily across South India, operating as a subsidiary of Brigade Enterprises Limited (BEL), a prominent real estate developer. The company is the second largest owner of chain-affiliated hotels and hotel rooms in South India among major private hotel asset owners with at least 500 rooms pan India as of March 31, 2025.
The company operates 9 hotels across Bengaluru (Karnataka), Chennai (Tamil Nadu), Kochi (Kerala), Mysuru (Karnataka), and GIFT City (Gujarat) with a total of 1,604 keys as of the RHP date. These hotels are operated by global marquee hospitality companies, including Marriott, Accor, and InterContinental Hotels Group, spanning upper upscale, upscale, upper-midscale, and midscale segments. The hotels offer comprehensive customer experiences, including fine dining, speciality restaurants, MICE venues, lounges, swimming pools, spas, and gymnasiums.
The company achieved an average room rate of ₹6,693.59 and Revenue per Available Room (RevPAR) of ₹5,138.18 for the year ended March 31, 2025, showing improvement from previous years. The staff-to-room ratio stood at 0.74, indicating efficient operational management across the portfolio.
The company plans to develop 5 additional hotels, including a luxury beach resort at ECR in Chennai under the 'Grand Hyatt' brand through a management agreement with Hyatt, 2 upper midscale hotels in Bengaluru under the 'Fairfield by Marriott' brand, and a luxury hotel in Hyderabad under the InterContinental brand. Additionally, the company intends to develop a wellness resort on 14.70 acres in Vaikom, Kerala, under 'The Ritz-Carlton' brand, with construction of the Chennai and Bengaluru hotels expected by FY28 and the remaining projects by FY29. (RHP page no 189). The Indian economy’s steady GDP growth (~6.4%-6.8%), rising urban population (projected to be 67.5 crore by 2035), and burgeoning middle class (expected to reach 100 crore by FY47) are driving lifestyle upgrades and discretionary spending. With increasing aspirations and travel consciousness among the youth (median age 28.1 years), demand for experience-led and quality hospitality offerings is on the rise. The company operates in markets that will see limited new supply, with only a 12.3% share of new supply between April 1, 2025, and March 31, 2030, in select markets where the company operates.
FTA in India rebounded to 0.97 crore in CY24, up 1.4% YoY from 0.92 crore in CY23, after dipping during the pandemic. Long-term FTA projections are robust, with 3 crores by CY37 and 10 crores by CY47. Additionally, domestic visits rose from 170 crore in CY22 to 251 crores in CY23, a 45% YoY increase. The number of domestic visits is expected to reach 500 crores by CY30, driven by rising incomes and young demographics. The resurgence in FTAs, particularly in the upper upscale and luxury segments and strategic locations in Bengaluru, Mysuru, Kochi, and Chennai, will benefit the company in tapping this rising trend.
Now, Brigade Hotel Ventures Limited is launching its initial public offering (IPO), which consists of a fresh issue worth up to ₹759.60 crore. The total issue size of the IPO is ₹759.60 crore. Its shares will be listed on the NSE and BSE.

IPO Analysis

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IPO Subscription Status

Date
QIB
NII
Retail
Total
24-Jul-25
0.08 times (X)
0.41 times (X)
2.55 times (X)
0.62 times (X)
25-Jul-25
0.08X
0.95X
4.72X
1.16X
28-Jul-25
5.42X
1.86X
6.44X
4.64X

Latest News on IPO

news logo
Brigade Hotel Ventures Ltd, owner and developer of hotels in South India, has filed draft papers with capital markets regulator Sebi to raise Rs 900 crore through an initial public offering (IPO).The proposed IPO is entirely a fresh issue of equity shares with no Offer-for-Sale (OFS) component, according to the draft red herring prospectus (DRHP).
news logo
Brigade Hotel Ventures IPO: The ₹759.60 crore initial share sale, with a price band of ₹85 to ₹90 per share, is a fresh issuance of 8.44 crore shares. There is no offer for sale (OFS) component.

2 min read

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Brigade Hotel Ventures IPO is solely a fresh issuance of 8.44 crore shares aggregating to ₹759.60 crore without an offer-for-sale (OFS) component.

2 min read

news logo
Brigade Hotel Ventures IPO: The ₹759.60 initial share sale is exclusively a fresh issuance of 8.44 crore shares. Its price band is fixed at ₹85 to ₹90 per share, and a lot consists of 122 shares.

3 min read

news logo
Brigade Hotel Ventures IPO allotment: The initial share sale, with a price band of ₹85 to ₹90 per share, was a fresh issue valued at ₹759.6 crore without an offer for sale component.

3 min read

Frequently asked questions

How to invest in the IPO?

Investors can apply for the IPO through their Demat account via the stock exchange or through their broker.

What is the issue size of Brigade Hotel Ventures IPO ?

The issue size of the Brigade Hotel Ventures IPO is 759 Cr.

What is 'pre-apply' for Brigade Hotel Ventures IPO ?

Pre-applying for an IPO allows you to submit your application before the official subscription period begins.

Which exchanges will Brigade Hotel Ventures IPO shares list on?

The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.