Brigade Hotel Ventures IPO: Price Band, issue size, subscription dates, and other details
Published on 20/07/2025 01:06 PM
Brigade Hotel Ventures IPO: Brigade Hotel Ventures is set to launch its initial public offering (IPO) next week to raise up to Rs 759.6 crore from the capital markets. The issue will open for public subscription on July 24 and close on July 28, as per the company’s red herring prospectus (RHP).
The IPO comprises a fresh issue of equity shares with a face value of Rs 10 each. There is no offer for sale (OFS) component, which means that the entire proceeds from the offering will go directly to the company for its business objectives.
The company is expected to announce the official price band and lot size for the IPO on Monday, July 21, during its scheduled press conference.
The company plans to utilise the net proceeds of the IPO and the pre-IPO placement funds for:
As of May 31, 2025, Brigade Hotel Ventures had total consolidated borrowings of Rs 619 crore.
BRLMs
JM Financial and ICICI Securities are acting as the book-running lead managers to the IPO.
About Brigade Hotel Ventures
Brigade Hotel Ventures is the owner and developer of hotels in key Indian cities, with a footprint across South India. It is a wholly-owned subsidiary of Brigade Enterprises Ltd. (BEL), a leading real estate developer in India.
The company owns a portfolio of chain-affiliated hotels and rooms across the southern states of Karnataka, Kerala, Tamil Nadu, Andhra Pradesh, Telangana, and union territories including Puducherry, Lakshadweep, and the Andaman & Nicobar Islands.
As of June 30, 2024, Brigade Hotel Ventures was among the major private hotel asset owners in South India, with ownership of at least 500 rooms pan-India.
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