Brigade Hotel Ventures IPO: Price band set at ₹85-90 per share; check GMP, issue details, more

Brigade Hotel Ventures Limited IPO price band has been fixed in the range of ₹85 to ₹90 per equity share of the face value of ₹10. The Brigade Hotel Ventures IPO date of subscription is scheduled for Thursday, July 24, and will close on Monday, July 28. The allocation to anchor investors for the Brigade Hotel Ventures IPO is scheduled to take place on Wednesday, July 23.

The floor price and the cap price are 8.5 times and 9.0 times the face value of the equity shares, respectively. The Brigade Hotel Ventures IPO lot size is 166 equity shares and in multiples of 166 equity shares thereafter.

Brigade Hotel Ventures IPO has reserved not less than 75% of the shares in the public issue for qualified institutional buyers (QIB), not more than 15% for non-institutional Institutional Investors (NII), and not more than 10% of the offer is reserved for retail investors. The employee portion has been reserved equity shares aggregating upto ₹75.96 million. The Brigade Enterprises Ltd shareholders are reserved equity shares up to ₹303.84 million.

(more to come)

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