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Brigade Hotel Ventures Ltd. IPO Details

Initial Public Offerings (IPOs) allow you to invest in companies going public. Brigade Hotel Ventures Ltd. goes public when it first sells its shares after being listed on BSE or NSE.

Brigade Hotel Ventures Ltd.
IPO Date: Jul 24 to Jul 28 2025
Listing Date: Jul 31 2025
Objective
1. Repayment/ prepayment, in full or in part, of certain outstanding borrowings availed by our:(i) Company; and(ii) Material Subsidiary, namely, SRP Prosperita Hotel Ventures Limited;
2. Payment of consideration for buying of undivided share of land from our Promoter, BEL; and
3. Pursuing inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes.
IPO Details
Face Value ₹ 10.00 Per Share
Issue Size ₹ 435.15 - 460.75 Cr
Price Band ₹ 85.00 - ₹ 90.00 Per Share
Market LOT 166 shares
Issue Type Book building
Business Description
We are an owner and developer of hotels in key cities in India primarily across South India. We are the second largest owner of chain-affili

...

ated 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 June 30, 2024 (Source: Horwath HTL Report). Our Promoter, Brigade Enterprises Limited (“BEL”) entered into the hospitality business in 2004 with the development of our first hotel Grand Mercure Bangalore, which commenced operations in 2009. As of the date of this Draft Red Herring Prospectus, we 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. Our hotels are operated by global marquee hospitality companies such as Marriott, Accor and InterContinental Hotels Group and are in the upper upscale, upscale, upper-midscale, and midscale segments (Source: Horwath HTL Report). Our 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. Our hotels have been recognized for their quality and have received several awards. For example, our hotel Sheraton Grand Bangalore at Brigade Gateway was awarded the ‘City Hotel of the Year 2022-2023’ at the Luxury Travel Guide Globe Awards, our hotel Holiday Inn Chennai OMR IT Expressway was awarded the ‘Best Five Star Hotel of the year’ for 2019 by Tamil Nadu Tourism and our hotel Four Points by Sheraton Kochi Infopark was awarded the ‘Vajra Award of the Year’ in 2023 by the Department of Labour and Skills, Government of Kerala in recognition of the highest category ranking for overall performance in labour relations and compliance. Read More
Address
Address 29th & 30th Floor, World Trade Center Brigade Gateway Campus, 26/1, Dr. Rajkumar Road Malleswaram Rajajinagar
City Bengaluru
State Karnataka
Pincode 560055
Phone 080 41379200
Email investors@bhvl.in
Website https://bhvl.in
About IPO
Listed At NSE/BSE
Lead Manager ICICI Securities Ltd
Promoters
Brigade Enterprises Ltd.
Registrar

K FIN Technologies Ltd.-(Karvy Fintech Pvt Ltd.)

040 - 67162222/18003094001
einward.ris@kfintech.com
www.kfintech.com
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Frequently asked questions

What is an IPO?

An Initial Public Offering (IPO) is when a private company sells shares to the public for the first time, enabling investors to purchase these shares and gain partial ownership in the business. For instance, if a well-known tech firm wants to grow and requires additional funds, it might choose to go public through an IPO. During this process, investors can buy shares, and the company’s stock starts trading on the stock exchange on the day of the IPO listing.

Investors can apply for an IPO through their bank or brokerage account. Many trading platforms have a specific section for IPOs where users can submit their applications online.

The primary market is where shares are offered to the public for the first time via an IPO. After the IPO, shares are traded on the secondary market (stock exchange), where existing shareholders can sell to new buyers.

Investing in an IPO offers the opportunity to become an early investor in companies with high growth potential, at a price which may be lower than their post-listing market value. It provides a chance to participate in the company's growth journey from its early stages. However, IPO investments also come with inherent risks, such as market volatility and uncertainties about the company's future performance.

The price of an IPO is established through a systematic process known as "book building." In this method, investors bid within a given price range, and the final price is set based on demand and market conditions. Several factors play a crucial role in determining the IPO price, including:

  • Past Financial Performance: Evaluating the company's revenue, profits, and financial stability over time
  • Growth Potential: Assessing future prospects based on the company's business model and market opportunities
  • Industry Peers: Comparing valuation metrics with similar companies in the same sector
  • Larger Industry Picture: Analysing overall industry trends and economic conditions that could impact the company's performance

The lock-in period for IPO shares refers to a duration during which specific investors are restricted from selling their shares post-listing. This period varies based on the type of investor:

  • Promoters: The lock-in period for promoters ranges from 6 months to 18 months, ensuring their commitment to the company's long-term growth
  • Anchor Investors: Typically, anchor investors face a shorter lock-in period of 30 to 90 days, depending on regulatory norms and the specific IPO

IPOs can be volatile and may not perform as expected in the short term. Investors risk losing capital if the stock price drops after listing, especially if the company does not meet its growth projections.

Information on upcoming IPOs is often available through brokerage platforms, financial news sites, and regulatory bodies like SEBI, which publishes details on companies going public. You can also get these details under the upcoming IPO section on Bajaj Markets.

Eligibility for an IPO typically includes:

  • Retail Investors: Individuals who invest in smaller amounts, usually under the “retail investor” category, with certain limits
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Investors must have a Demat and trading account to apply, and in some cases, certain financial or residency qualifications may apply depending on local regulations.

SME (Small and Medium Enterprise) IPOs generally carry higher risk but may provide significant growth potential. Investors should research the company’s stability, financials, and sector risks, as SME stocks can be more volatile compared to large-cap companies.

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