Brigade Hotel Ventures IPO
Brigade Hotel Ventures IPO — date, price band, lot size & details 2025
Brigade Hotel Ventures listed on 31 Jul 2025 at ₹81.1, 9.9% below the ₹90 issue price.
Brigade Hotel Ventures owns and develops chain-affiliated hotels, mainly in South India. It was a wholly-owned subsidiary of Brigade Enterprises and had nine operating hotels on 31 March 2025.
Stock price
Brigade Hotel Ventures is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 10 November.
- Open 24 Jul 2025
- Close 28 Jul 2025
- Allotment 29 Jul 2025
- Refund/credit 29 Jul 2025
- Listing 31 Jul 2025
Issue summary
The terms of the offer, as filed.
| IPO Dates | 24 to 28 Jul, 2025 |
|---|---|
| Price Band | ₹85 – ₹90 |
| Face Value | ₹10 |
| Lot Size | 166 Shares |
| Issue Size | ₹759.6 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Employee Discount | Rs 3.00 per share |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 14,940 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 166 shares at the ₹90 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 166 | ₹14,940 |
| Retail (max) | 13 | 2,158 | ₹1,94,220 |
| S-HNI (min) | 14 | 2,324 | ₹2,09,160 |
| S-HNI (max) | 66 | 10,956 | ₹9,86,040 |
| B-HNI (min) | 67 | 11,122 | ₹10,00,980 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Total income rose from Rs 356.41 crore in FY2023 to Rs 470.68 crore in FY2025.
- 02EBITDA rose from Rs 113.98 crore in FY2023 to Rs 166.87 crore in FY2025, and the EBITDA margin was 35.45%.
- 03The whole Rs 759.6 crore issue was fresh capital.
- 04Rs 468.14 crore of the proceeds was for repaying debt, which stood at Rs 617.32 crore on 31 March 2025.
- 05The company moved from a loss of Rs 3.09 crore in FY2023 to a profit of Rs 23.66 crore in FY2025.
Risks · 7
- 01The P/E was 144.48 at the upper band of Rs 90, based on post-issue EPS of Rs 0.62.
- 02Total borrowing of Rs 617.32 crore on 31 March 2025 was far higher than net worth of Rs 78.58 crore.
- 03Debt to equity was 7.40 on the figures at the source.
- 04Profit after tax fell from Rs 31.14 crore in FY2024 to Rs 23.66 crore in FY2025.
- 05Rs 130.86 crore of the proceeds was for unidentified acquisitions, so that use was not fixed at the time of the issue.
- 06Shares listed at Rs 81.1 against the issue price of Rs 90.
- 07Promoter holding fell from 95.26% before the issue to 74.09% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Brigade Hotel Ventures offer document.
| Metric | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 947.57 | 886.78 | 840.67 |
| Total Income | 470.68 | 404.85 | 356.41 |
| Profit After Tax | 23.66 | 31.14 | -3.09 |
| EBITDA | 166.87 | 144.61 | 113.98 |
| NET Worth | 78.58 | 58.74 | 33.81 |
| Total Borrowing | 617.32 | 601.19 | 632.50 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Brigade Hotel Ventures RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Brigade Hotel Ventures IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Pre-Issue | Post-Issue |
|---|---|---|
| EPS (₹) | ₹0.80 | ₹0.62 |
| P/E Ratio (x) | 112.38 | 144.48 |
| Market Cap at Offer Price (₹ Cr) | ₹2,661.75 | ₹3,434.52 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹90 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹759.60 Cr of the issue is earmarked to named objects.
Brigade Hotel Ventures IPO Anchor Investors
17 anchor investors across 10 fund houses committed ₹324.73 Cr a day before the issue opened.
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
The hotels carry chain affiliations and offer dining, meeting and conference venues, lounges, pools, spas and gyms.
The company had a portfolio of nine operating hotels on 31 March 2025, including hotels in Bengaluru and Chennai.
The IPO was a fresh issue of Rs 759.6 crore. Rs 468.14 crore was planned for repaying borrowings and Rs 107.52 crore for buying an undivided share of land.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Brigade Hotel Ventures IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
JM Financial Ltd.
53 issues handledBest listing: Tempsens Instruments (India) (+111.3%). Weakest: Turtlemint Fintech Solutions (-10.4%).
ICICI Securities
34 issues handledBest listing: Tempsens Instruments (India) (+111.3%). Weakest: Turtlemint Fintech Solutions (-10.4%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Brigade Hotel Ventures?
The current Grey Market Premium is ₹0.
What is the Brigade Hotel Ventures IPO price band?
₹85 to ₹90, on a face value of ₹10.
When is the allotment?
The basis of allotment is 29 July 2025, with listing on 31 July 2025.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
