Brigade Hotel Ventures Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 60,135,000 (71%) | — | ₹54,122 Cr |
| NII (HNI) | — | 12,027,000 (14%) | — | ₹10,824 Cr |
| Retail | — | 8,018,000 (10%) | — | ₹722 Cr |
| Employee | — | 873,103 (1%) | — | ₹79 Cr |
| Σ Total | — | 84,429,103 (100%) | — | ₹759,862 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 166 | ₹14,940 |
| Retail (Max) | 13 | 2,158 | ₹194,220 |
| S-HNI (Min) | 14 | 2,324 | ₹209,160 |
| B-HNI (Min) | 67 | 11,122 | ₹1,000,980 |
Financial Statements Amount in Crore
| Metric | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue | 471 | 405 | 356 |
| EBITDA | 167 | 145 | 114 |
| Profit After Tax | 24 | 31 | -3 |
| Net Worth | 79 | 59 | 34 |
| Total Assets | 948 | 887 | 841 |
| Total Borrowing | 617 | 601 | 633 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Repayment/ prepayment, in full or in part, of certain outstanding borrowings availed by the company and Material Subsidiary, namely, SRP Prosperita Hotel Ventures Limited – 468.14
- 2 Payment of consideration for buying of undivided share of land from the Promoter, BEL – 107.52
- 3 Pursuing inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes – 130.86
Company Overview
Brigade Hotel Ventures Limited is the owner and developer of hotels in key cities in India, primarily across South India. The company is a wholly-owned subsidiary of BEL, which is one of the leading Indian real estate developers in India.
The company owns chain-affiliated hotels and rooms in South India (comprising the states of Kerala, Andhra Pradesh, Tamil Nadu, Karnataka, Telangana, and the Union territories Lakshadweep, Andaman and Nicobar Islands and Pondicherry) among major private hotel asset owners (i.e., owning at least 500 rooms pan India) as of March 31, 2025.
The hotels provide a comprehensive customer experience, including fine dining and specialty restaurants, venues for meetings, incentives, conferences, and exhibitions (“MICE”), lounges, swimming pools, outdoor spaces, spas, and gymnasiums.
The company have a portfolio of nine operating hotels across Bengaluru (Karnataka), Chennai (Tamil Nadu), Kochi (Kerala), Mysuru (Karnataka) and the GIFT City (Gujarat) with 1,604 keys. The company's hotels are operated by global marquee hospitality companies such as Marriott, Accor and InterContinental Hotels Group.