Brigade Hotel Ventures IPO will open for subscription on July 24, 2025, and closes on July 28, 2025. Brigade Hotel Ventures Limited is a well-established hospitality player, focused on developing and owning hotel properties across prominent locations in South India. The company functions as a wholly-owned subsidiary of Brigade Enterprises Limited (BEL), one of India’s reputed real estate developers.
This blog will further explore Brigade Hotel Ventures IPO details, such as issue size, price band, business model overview, financial highlights, and its strategic positioning in the Indian hospitality market.
Brigade Hotel Ventures IPO Date
The key pointers for the Brigade Hotel Ventures IPO dates are:
- Bidding Opening Date: July 24, 2025
- Bidding Closing Date: July 28, 2025
- Allotment Date: July 29, 2025
- Initiation of Refunds (in case of less or no allotment): July 29, 2025
- Shares Credited to Your Demat Account: July 30, 2025
- IPO Listing Date: July 31, 2025
- Listing on Exchange: BSE and NSE
WHY SMC
- 20 Lac+ unique clients
- 33+ Years of Serving
- Advance Technical Analysis
- Free Demat Account
Brigade Hotel Ventures: IPO Issue Size
Brigade Hotel Ventures’ IPO valuation, as denoted by the market capitalization, stood at ₹3,418.47 crores. Here are the important Brigade Hotel Ventures IPO details:
- Brigade Hotel Ventures IPO Price Band: ₹85 to ₹90 per share
- Lot Size: 166 Shares
- Issue Size and Amount: 8.44 crore shares (aggregating up to ₹759.60 Cr)
- Fresh Issue Size and Amount: 8.44 crore shares (aggregating up to ₹759.60 Cr)
Brigade Hotel Ventures IPO Proceeds Usage
Brigade Hotel Ventures IPO proceeds will be used for the following purposes:
- Clearing existing debt: An estimated ₹468.14 crores will be used to repay or prepay certain outstanding borrowings taken by the company and its material subsidiary, SRP Prosperita Hotel Ventures Limited.
- Land acquisition from promoter: ₹107.52 crores will go towards purchasing an undivided share of land from the promoter entity, Brigade Enterprises Limited (BEL).
- Expansion and strategic plans: A portion of the funds will be used for future acquisitions, strategic initiatives, and general corporate purposes.
Brigade Hotel Ventures IPO Reservations
Brigade Hotel Ventures’ IPO reservations to different investors are:
- For QIBs: Not less than 75% of the Offer size
- For NIIs: Not more than 15% of the Offer
- For Retail Investors: Not more than 10% of the Offer
- Brigade Hotel Ventures IPO Shareholder Quota: The BEL shareholders’ reservation portion is 10% of the issue size.
Brigade Hotel Ventures IPO Lot Size
Brigade Hotel Ventures IPO lot size is 166 shares, wherein bidding can be done in multiples. The minimum amount that each category of investor needs to bid in this IPO is:
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail | 1 | 166 | ₹14,940 |
| S-HNI | 14 | 2,324 | ₹2,09,160 |
| B-HNI | 67 | 11,122 | ₹10,00,980 |
Brigade Hotel Ventures IPO: Company Overview
Brigade Hotel Ventures Limited is engaged in owning and developing hotels across India, with a strong presence in South India. It operates as a wholly-owned subsidiary of Brigade Enterprises Limited (BEL), a leading name in the Indian real estate sector.
As of March 31, 2025, the company is counted among the major private hotel asset owners in the country. Its portfolio spans across Kerala, Andhra Pradesh, Tamil Nadu, Karnataka, Telangana, and union territories such as Pondicherry, Andaman and Nicobar Islands, and Lakshadweep.
The company’s hotels offer a full-service guest experience, including fine dining and specialty restaurants, venues for MICE (Meetings, Incentives, Conferences, and Exhibitions), as well as lounges, spas, fitness centres, swimming pools, and outdoor event areas.
Currently, Brigade Hotel Ventures operates nine hotels across key cities like Bengaluru, Chennai, Kochi, Mysuru, and GIFT City in Gujarat, comprising a total of 1,604 keys. These hotels are managed by internationally renowned hospitality brands, including Marriott, Accor, and InterContinental Hotels Group.
Brigade Hotel Ventures IPO: Financial Performance
Brigade Hotel Ventures Limited’s key financials for different periods are as follows:
| Particulars (in ₹ Cr) | 31 Mar 2025 | 31 Mar 2024 | YoY Change |
|---|---|---|---|
| Revenue from Operations | 468.25 | 401.70 | 17% |
| Profit After Tax | 23.66 | 31.14 | -24% |
| EBITDA | 166.87 | 144.61 | 15% |
| Net Worth | 78.58 | 58.74 | 34% |
| Total Assets | 947.57 | 886.78 | 7% |
| Total Borrowing | 617.32 | 601.19 | 3% |
WHY SMC
- 20 Lac+ unique clients
- 33+ Years of Serving
- Advance Technical Analysis
- Free Demat Account
- Brigade Hotel Ventures’ operating revenue grew by 17% YoY to ₹468.25 crores in FY25, showing steady top-line growth.
- Net profit declined by 24% YoY, falling from ₹31.14 crores in FY24 to ₹23.66 crores in FY25.
- EBITDA improved by 15%, reaching ₹166.87 crores, which reflects a healthy operational performance.
- The company’s net worth rose by 34% YoY, indicating stronger financial stability and retained earnings.
- Total assets increased by 7%, showing consistent capital investments and asset base expansion.
- Borrowings saw a marginal rise of 3%, reaching ₹617.32 crores in FY25, indicating controlled leverage.
Brigade Hotel Ventures IPO Risk Factors
Brigade Hotel Ventures IPO GMP is ₹14.5 as of July 22, 2025 (at 15:01). It is expected to list at a 16.11% gain at a price of ₹104.5. However, GMP is not a safe or assured criterion to bid for an IPO.
Brigade Hotel Ventures Limited is exposed to various risk factors that can eventually affect its business and investors’ perception:
- High Dependence on Hotel Chains: A large part of the company’s revenue comes from partnerships with Marriott, Accor, and InterContinental Hotels Group. Any disruption or non-renewal of these agreements could impact revenues.
- Geographical Concentration: Four hotels in Bengaluru contribute significantly to the overall income. Regional issues or operational disruptions at these locations may affect performance.
- Revenue Reliance on Select Properties: A significant chunk of revenue is earned from three specific hotels. Operational issues at these properties could harm financial outcomes.
- Past Losses Due to Tax Adjustments: The company has reported losses in earlier years, primarily from the reversal of deferred tax assets.
- F&B Segment Exposure: Food and beverage services account for a notable share of revenue. Any drop in service quality could affect customer satisfaction and earnings.
- Reliance on Third-Party Bookings: A sizeable portion of bookings is generated via travel agents and intermediaries. Greater control by these platforms could reduce margins.
- Seasonal Business Fluctuations: The company experiences higher demand in the second half of the year. Inability to manage this seasonality may affect overall stability.
- Legal Proceedings: Ongoing cases involving the company, its promoters, and subsidiaries could pose reputational or financial risks if outcomes are unfavourable.
- Corporate Customer Dependency: A significant portion of earnings is linked to corporate clients. A loss or slowdown in this segment could hurt revenue and cash flow.
Brigade Hotel Ventures IPO Details: Contact Details
Here are details of the registered address and registrar name of Brigade Hotel Ventures Limited:
- Registered Office Address: 29th & 30th Floor, World Trade Centre, Brigade Gateway Campus, 26/1, Dr. Rajkumar Road, Malleswaram Rajajinagar, Bengaluru, Karnataka, 560055
- Email: investors@bhvl.in
- Website: https://bhvl.in/
- Registrar Name: Kfin Technologies Limited
For all the insights on Brigade Hotel Ventures IPO and detailed expert advice, you can download the SMC ACE App or visit the SMC Telegram channels. Take smart decisions and apply for Brigade Hotel Ventures IPO easily on the SMC ACE Apply by opening free demat account now.
Frequently Asked Questions – FAQs
1. When is the Brigade Hotel Ventures IPO scheduled to open and close for subscription?
The IPO will open for subscription on July 24, 2025, and close on July 28, 2025.
2. What is the price band and minimum lot size for applying to the Brigade Hotel Ventures IPO?
The IPO has a price band of ₹85 to ₹90 per share. The minimum lot size is 166 shares, with the minimum investment amount being ₹14,940 for retail investors.
3. How will the IPO proceeds be utilised by Brigade Hotel Ventures?
The net proceeds will be used for repaying existing debt (₹468 crores), purchasing land from the promoter (₹108 crores), and funding strategic acquisitions and general corporate purposes.
4. What are the key risks associated with Brigade Hotel Ventures’ business?
Some key risks include high dependency on hotel chains like Marriott and Accor, concentration of revenue from Bengaluru hotels, exposure to seasonal demand, past financial losses, and ongoing legal proceedings involving the company and promoters.
References:
https://live.jmfl.com/od/UploadedFiles/2F50C04C-0E10-44C6-B545-C2A9D9344B54.pdf
https://www.investorgain.com/gmp/brigade-hotel-ventures-ipo-gmp/1334/
Author: All Content is verified by SMC Global Securities.
WHY SMC
- 20 Lac+ unique clients
- 33+ Years of Serving
- Advance Technical Analysis
- Free Demat Account
