Brigade Hotel Ventures IPO Day 1: Check GMP, Subscription Status & Key Highlights
Brigade Hotel Ventures is the second-largest owner of chain affiliated hotels and rooms in South India. The Brigade Hotel Ventures IPO opened today on July 24, 2025 for public subscription. The bidding window will remain open till July 28, 2025. The allotment process is expected to be finalised on Tuesday, July 29, 2025. Brigade Hotel Ventures IPO will be listed on BSE and NSE, with a tentative listing date fixed as Thursday, July 31, 2025.
Brigade Hotel Ventures IPO Details
Brigade Hotel Ventures IPO is a bookbuilding IPO with a total issue size of ₹759.60 crores. It is entirely a fresh issue of 8.44 crore shares. The issue price band is set at ₹85 – ₹90 per share. The minimum lot size of the issue is 166, with a minimum investment of ₹14,110.
Jm Financial Limited is the book-running lead manager of the Brigade Hotel Ventures IPO, while Kfin Technologies Limited is the registrar for the issue.
Brigade Hotel Ventures Day 1 Subscription Status
(July 24, 2025, 5:07 PM)
On Day 1, Brigade Hotel Ventures IPO was subscribed 0.67 times. The public issue subscribed 2.66 times in the retail category, 0.08 times in QIB, and 0.45 times in the NII category.
Utilisation of Proceeds
The Company will utilise the net proceeds of the issue for the following purposes:
- Repayment/ prepayment, in full or in part, of certain outstanding borrowings availed by the company and Material Subsidiary, namely, SRP Prosperita Hotel Ventures Limited.
- Payment of consideration for buying of undivided share of land from the Promoter, BEL.
- Pursuing inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes.
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GMP Details
According to Livemint, the Grey Market Premium (GMP) of Brigade Hotel Ventures stood at ₹8 as of July 24, 2025, 12:33 p.m. This indicates that the estimated listing price of the shares can be around ₹198, based on the upper end of the price band at ₹90. The expected gain per share is 8.89%.
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Source: Livemint Media Report dated July 24, 2025 Disclaimer: The GMP (Grey Market Premium) price is an unauthenticated market related news and has no discernible basis. The same quoted above is as per news appeared in the media report and is for information purposes only. The investor shall do their own study/research before using the same for taking any decision to invest. We neither engage in, trade, or deal in the grey market nor we recommend or endorse trading in the grey market. |
About Brigade Hotel Ventures Limited
Brigade Hotel Ventures Ltd is the hospitality arm of real estate giant Brigade Enterprises Ltd, founded in 2004 and based in Bengaluru. It owns a portfolio of nine operating hotels with 1,604 keys across key cities including Bengaluru, Chennai, Kochi, Mysuru, and GIFT City, Gujarat. These properties are operated under global hospitality brands such as Marriott, Accor, and InterContinental, spanning midscale to upper-upscale segments. As of June 2024, it was the second-largest private chain-affiliated hotel owner in South India.
In FY24, the company reported a revenue of ₹401.7 crore and a net profit of ₹31.14 crore.
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