Brigade Hotel Ventures IPO Goes Live Tomorrow; GMP Hints at 12% Jump; Strong Listing Hopes?

Brigade Hotel Ventures IPO will open for public subscription tomorrow, July 24, and will close on July 28. Before the bidding window opens, the IPO is already drawing huge attention in the grey market, where the GMP was last reported at Rs. 11 on July 23. Investors can enjoy a 12.22% gain over the upper end of the price band with a potential listing price of Rs. 101 per share.

With a price band of Rs. 85 to Rs. 90 per share, the Brigade Hotel Ventures IPO is expected to list on both BSE and NSE on July 31 after final allotment, which is scheduled for next week, July 29.

Brigade Hotel Ventures IPO Details

The price band of Brigade Hotel Ventures IPO is fixed at Rs. 85 to Rs. 90 per share, with investors required to apply for a minimum lot size of 166 shares. The total issue size is pegged at Rs. 759.60 crore, and it comprises a 100% fresh issue of 8.44 crore equity shares, meaning all proceeds will go directly to the company to fund its growth plans.

Should you subscribe?

One of the reviewers of the IPO, Capital Market, has taken a neutral stance on the Brigade Hotel Ventures IPO, citing high valuation as a concern. In FY2025, the company's total sales rose by 16.6% to Rs. 468.25 crore, mainly due to better hotel occupancy (76.76%) and higher average room rent (Rs. 6,693), as per the report. Despite better revenue, net profit fell by 24% to Rs. 23.66 crore, compared to Rs. 31.14 crore in FY2024, due to higher tax, interest, and depreciation costs.

About Brigade Hotel Ventures

Brigade Hotel Ventures Limited is a leading hotel owner and developer focused mainly in South India. The company is a wholly-owned subsidiary of Brigade Enterprises, one of India's top real estate developers. The hotel business spans key South Indian cities and Union Territories, including Karnataka, Tamil Nadu, Kerala, Andhra Pradesh, Telangana, Lakshadweep, Andaman & Nicobar Islands, and Puducherry. As of March 31, 2025, Brigade Hotel Ventures is among the top private hotel asset owners in India with at least 500 rooms. These properties offer a premium guest experience, including fine dining restaurants, MICE venues (Meetings, Incentives, Conferences, and Exhibitions), spas, gyms, pools, lounges, and other luxury amenities.

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