Brigade Hotel Ventures IPO booked over 2 times so far on day 3; check allotment steps

Brigade Hotel Ventures IPO: The initial public offering of Brigade Hotel Ventures secured 2.04 times subscription so far on the final day of bidding on Monday, July 28.

The initial share sale received bids for 10,44,55,334 shares against 5,11,93,987 shares on offer, according to consolidated data available on the NSE until 1:54 pm.

The retail individual investors (RIIs) category got booked 5.89 times, while the part for non-institutional investors (NII) received 1.54 times subscription. The qualified institutional buyers (QIBs) quota fetched 99% subscription.

The ₹759.60 IPO 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.

Proceeds from the issue will be utilised for the payment of debt, purchase of an undivided share of land from the promoter Brigade Enterprises, and support acquisitions and general corporate purposes.

Brigade Hotel Ventures IPO allotment is likely to be finalised on Tuesday, July 29, and details will be out on the NSE, the BSE, and KFin Technologies.

How to check Brigade Hotel Ventures IPO allotment on NSE

• Go to URL: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• Then, select 'Equity & SME IPO bid details'
• Select 'Brigade Hotel Ventures' under the symbol 'BRIGHOTEL'
• Enter application number and PAN
• Enter 'submit'

Brigade Hotel Ventures IPO allotment on BSE: Check complete steps

• Visit this URL: https://bseindia.com/investors/appli_check.aspx.
• Keep issue type as 'Equity'
• From the IPO names, Select 'Brigade Hotel Ventures'
• Enter any one: PAN or IPO application number
• Enter the ‘Search’ button

Steps to check Brigade Hotel Ventures IPO allotment on KFin Technologies

• Go to KFin Technologies' portal: https://ris.kfintech.com/ipostatus/
• From five links, click on any one
• From the IPO names dropdown list, pick 'Brigade Hotel Ventures'
• Enter your IPO application number, PAN or Demat account number
• After CAPTCHA verification, click on 'Submit'

Brigade Hotel Ventures IPO GMP

The company's shares will list on stock exchanges on July 31.

Brigade Hotel Ventures Ltd owns and develops hotels in key cities, primarily across South India.