Brigade Hotel Ventures Limited IPO will open for subscription from July 24, 2025 to July 28, 2025. This IPO of ₹759.60 crore consists of fresh issues only. This company is a subsidiary of Brigade Enterprises Limited, one of the well-known real estate companies in India. Brigade Hotel Ventures has hotels spread across South India and operates in partnership with global brands such as Marriott, Accor and IHG. This IPO can be a good opportunity for investors who want to invest in the hospitality sector.
Brigade Hotel Ventures IPO Particulars
| Particulars | Details |
| IPO Opening Date | July 24, 2025 |
| IPO Closing Date | July 28, 2025 |
| Price Band | ₹85 to ₹90 per share |
| Lot Size | 166 Shares |
| Issue Size | ₹759.60 Cr (8.44 Cr shares) |
| Face Value | ₹10 per share |
| Type of Issue | Book Building – Fresh Issue Only |
| Tentative Allotment | July 29, 2025 |
| Refunds Initiation | July 30, 2025 (Tentative) |
| Shares Credited to Demat | July 30, 2025 (Tentative) |
| Listing At | BSE & NSE (Expected: July 31, 2025) |
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About Brigade Hotel Ventures Ltd
Brigade Hotel Ventures Limited is a wholly-owned subsidiary of Brigade Enterprises Limited, one of India’s leading real estate companies. The company owns and operates premium hotels primarily in key cities across South India.
Partnerships with Renowned International Brands : Brigade Hotel Ventures’ hotels are partnered with international brands such as Marriott, Accor, and IHG. This provides guests with a world-class experience, including luxurious rooms, fine dining, business conference facilities (MICE), spas, pools, and gyms.
Current Hotel Portfolio : The company currently has 9 hotels located in Bengaluru, Chennai, Mysore, Kochi, and GIFT City in Gujarat. In total, it has a portfolio of 1,604 rooms (Keys), making it one of India’s leading private hotel owners.
Customer Experience and Expansion Plans : Brigade Hotel Ventures offers an engaging experience not only to tourists but also to business travelers. The company is planning further expansion in the coming time which can strengthen its business.
The company is emerging as a strong player in the hospitality sector and its focus is on quality service and international standards.
Financial Performance
| Period Ended | Revenue (₹ Cr ) | Profit After Tax (₹ Cr) | EBITDA Margin (%) |
| 31 Mar 2025 | 470.68 | 23.66 | 166.87 |
| 31 Mar 2024 | 404.85 | 31.14 | 144.61 |
| 31 Mar 2023 | 356.41 | -3.09 | 113.98 |
Objective of the Brigade Hotel Ventures IPO
| Purpose | Estimated Amount (₹ in Crores) |
| Repayment or prepayment of certain outstanding borrowings of the company and its material subsidiary (SRP Prosperita Hotel Ventures Ltd.) | ₹468.14 Cr |
| Payment of consideration for purchase of undivided share of land from the Promoter (Brigade Enterprises Ltd.) | ₹107.52 Cr |
| Pursuing inorganic growth through acquisitions and other strategic initiatives, and general corporate purposes | Remaining proceeds |
Brigade Hotel Ventures IPO Reservation Details
| Investor Category | Reservation % of Net Offer |
| Qualified Institutional Buyers (QIB) | Not less than 75% |
| Non-Institutional Investors (NII – HNIs) | Not more than 15% |
| Retail Individual Investors (RII) | Not more than 10% |
Special Quota Eligibility
| Category | Eligibility & Benefits |
| Shareholder Quota | Investors holding shares of Brigade Enterprises Ltd. eligible up to ₹2 lakhs |
| Employee Quota | Eligible employees can apply up to ₹5 lakhs with a ₹3 discount per share |
| Retail Investors | Minimum investment is ₹14,110 for 166 shares (1 lot) |
| sNII (Small HNI) | Bidding amount between ₹2 lakhs to ₹10 lakhs; cut-off bidding not allowed |
| bNII (Big HNI) | Bidding amount above ₹10 lakhs; cut-off bidding not allowed |
Competitive Strengths of Brigade Hotel Ventures Ltd
Support of a trusted parent company : Brigade Hotel Ventures Limited gets the direct support of Brigade Enterprises Limited, a big and trusted name in the real estate industry. This partnership gives the company the trust of investors as well as strength in the business.
Alliance with international hotel brands : The company’s hotels are not run by any local operator, but in collaboration with renowned international brands like Marriott, Accor and IHG. This not only increases the level of operations but also provides a great experience to the customers.
Strong presence in tier-1 cities : Presence in high-growth cities like Bengaluru, Chennai, Kochi, Mysore and GIFT City in Gujarat gives Brigade Hotel Ventures the benefit of both corporate and tourism customers. These cities will grow even faster in the future, which can give the company a good opportunity for further growth.
Experience is not just a room, it is a complete package : Brigade Hotel Ventures not only offers accommodation, but each hotel is an experience designed with great restaurants, MICE facilities (conference, events), pool, spa and fitness centre. The company is not focused only on revenue but also on customer satisfaction.
Efficiency in operations and stability in earnings : The company’s EBITDA margin has been above 35% in recent times, which shows that it is managing its expenses well and is able to generate strong earnings from operations.
Clear land and expansion strategy : The company already has land in some of the best locations, and after the IPO, it intends to pursue new acquisitions and expansion plans. This is likely to increase its value further in the coming times.
Potential Risks Associated with Investing
The company is under heavy debt pressure : The company currently has a debt of more than ₹600 crore. Yes, a part of the money raised from the IPO will be used to repay this debt, but still such a huge liability can force investors to think. In the long run, it can affect the company’s profits.
Decline in profit, which is a matter of concern : The company’s profit has decreased by about 24% as of March 2025 compared to the previous financial year. It is clear from this that the revenue has increased, but the profit has decreased – that is, costs are either increasing or margins are decreasing.
Competition is very tough in the hotel industry : Big names like Taj, Oberoi, ITC are already present in India. Apart from this, many international hotel brands are also growing rapidly in the market. In such a situation, Brigade Hotel Ventures will have to perform better continuously, otherwise the attention of both customers and investors may be diverted.
This business also depends on the season : The common problem of the hotel industry is that the business is not the same throughout the year. There is a lot of dependence on tourist season, festivals, or corporate events. If there is a decline in travel or tourism due to any reason, then the company’s revenue can be directly affected.
Government policies can change anytime : The rules and regulations in the hospitality and real estate sector keep changing from time to time. Any change in tax structure, hotel licensing or zoning laws can directly affect the company’s operations and profits.
Brigade Hotel Ventures IPO Grey Market Premium (GMP)
The GMP of Brigade Hotel Ventures IPO is giving strong indications so far. As of 2:29 pm on 22 July 2025, the latest GMP of this IPO has been recorded at ₹ 14.5. The company has launched the issue with an upper price band of ₹ 90 per share, which makes the estimated listing price ₹ 104.5. That is, if this trend continues, then a potential profit of about 16.11% can be obtained on listing.
Sub2 Sauda rates are also encouraging
- Sub2 Sauda for retail investors is ₹ 1800
- For small HNI investors (sHNI), this rate has reached ₹ 25,200
These figures show that the mood of investors in the gray market is currently positive about this IPO.
GMP trend upwards : GMP has gradually gone up in the last five sessions. Its lowest GMP has been ₹0 while the highest so far has been ₹17. With this rising trend, it is expected that Brigade Hotel Ventures may perform strongly on the listing day.
Note: The above GMP and Subject-to-Sauda rates are completely based on the unofficial grey market. These are for information only. Our platform neither trades in these rates nor advises anyone to invest in the grey market.
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Final Thoughts
Brigade Hotel Ventures Ltd. IPO is witnessing a good buzz in the market, especially considering its brand association and hotel portfolio. The company is focused on premium locations in South India, and its grey market trend also looks positive at the moment. However, certain aspects like debt and decline in profit cannot be ignored. This IPO has brought interesting buzz in the hospitality sector, but investors should proceed after understanding all the aspects.
Q1. What is the opening date of Brigade Hotel Ventures IPO?
Brigade Hotel Ventures IPO will open on 24 July 2025.
Q2. What is the price band of Brigade Hotel Ventures IPO?
The price band of Brigade Hotel Ventures IPO has been fixed at ₹85 to ₹90 per share.
Q3. What is the lot size for Brigade Hotel Ventures IPO?
There are 166 shares in 1 lot in Brigade Hotel Ventures IPO.
Q4. When will Brigade Hotel Ventures IPO be listed?
The expected listing of Brigade Hotel Ventures IPO is on 31 July 2025.
Q5. What is the latest GMP of Brigade Hotel Ventures IPO?
The latest GMP of Brigade Hotel Ventures IPO is ₹14.5 (as of 22 July 2025).
Q6. How much is required to apply in Brigade Hotel Ventures IPO for retail?
Retail investors need to invest at least ₹14,110 in Brigade Hotel Ventures IPO.
Q7. Is there a shareholder quota in Brigade Hotel Ventures IPO?
Yes, there is a quota available for shareholders of Brigade Enterprises Ltd. in Brigade Hotel Ventures IPO.
Q8. What type of issue is Brigade Hotel Ventures IPO?
Brigade Hotel Ventures IPO is a completely fresh issue, i.e. there is no offer for sale in it.