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Brigade Hotel Ventures Ltd IPO

The Company is an owner and developer of hotels in key cities in India primarily across South India. As of the date of this 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. Its hotels are operated by global marquee hospitality companies such as Marriot, Accor and InterContinental Hotels Group and are in the upper upscale, upscale, upper-midscale and midscale segments (Source: Horwath HTL Report). Its hotels provide a comprehensive customer experience including fine dining and specialty restaurants, venues for meetings, incentives, conferences, and exhibitions, lounges, swimming pools, outdoor spaces, spas, and gymnasiums.

Brigade Hotel Ventures Ltd IPO Details

Total Shares Offered

₹ 8,44,00,000

Offer to Public

TBA

Retail Max (Shares)

₹ 80,18,000

Pre Issue Promoters Holding

₹ 28,14,30,000

Exchange

BSE

Issue size

₹ 759.6 Cr

IPO Open Date

Jul 24, 2025

Close Date

Jul 28, 2025

Lot Size

166

Min Investment

₹ 14,110

Issue Type

Book Building

Listing Date

Jul 31, 2025

Brigade Hotel Ventures Ltd IPO Dates

Jul 24, 2025

Opening date

Jul 28, 2025

Closing date

Jul 29, 2025

Basis of Allotment

Jul 29, 2025

Initiation of Refunds

Jul 30, 2025

Credit of Shares

Jul 31, 2025

Listing date

Details

Sector	Type
Sector	Hotels
Sub Sector	NA
Issue Type	Book Building

Subscription Status

*Values are in Lakhs

Investor Type	Subscription Times	Shares Offered*	Shares Bid*
QIB	2.3x	60135000	138149848
NII	2.03x	12027000	24391708
Retail	6.78x	8018000	54365498
Employee	1.03x	844000	868346
Total	2.72x	84400000	229514588

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

2.3x

2.03x

6.78x

1.03x

2.72x

60135000

12027000

8018000

844000

84400000

138149848

24391708

54365498

868346

229514588

Brigade Hotel Ventures Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	401.70	350.22	-51.45
EBITDA	97.90	74.01	-3.76
PAT	18.60	-4.60	-70.27
Total Assets	179.25	196.37	164.35
Share Capital	281.43	281.43	1.00
Total Borrowings	542.34	583.69	534.14
Operating Activities (Net Cash)	54.64	35.68	-22.58
Investing Activities (Net Cash)	19.18	61.18	66.58
Financing Activities (Net Cash)	542.34	583.69	534.14
Net Cashflow	19.03	29.95	31.47

About Brigade Hotel Ventures Ltd

The Company was incorporated as `Brigade Hotel Ventures Limited' at Bengaluru, Karnataka as a public limited company under the Companies Act, 2013, and a certificate of incorporation was granted by the Deputy Registrar of Companies, Central Registration Centre, on behalf of the jurisdictional Registrar of Companies on August 24, 2016.

According to the Horwath HTL Report, future demand in the hospitality industry sector will be driven by diverse domestic and inbound travel needs - business, leisure, MICE, weddings, social events, pilgrimages and other personal travels, political and business delegations and airline crew. As per the World Travel & Tourism Council (WTTC), the travel and tourism sector's contribution to India's economy was Rs. 15.7 trillion in calendar year 2022 and Rs. 19.1 trillion in calendar year 2023. Further, as per the WTCC Economic Impact Factsheet released on June 28, 2024, the travel and tourism sector's contribution to India's economy was estimated at Rs. 21.2 trillion for calendar year 2024, and is forecasted at Rs. 43.3 trillion for calendar year 2034, growing at 7.4% CAGR from calendar year 2024 to calendar year 2034 (Source: Horwath HTL Report). Additionally, the Hotel Association of India (HAI) estimates foreign tourist arrivals (FTA) to cross 30 million in India by calendar year 2037 and Booking.com and McKinsey estimates around 5 billion domestic visits by calendar year 2030. Further, HAI forecasts 15 billion domestic visits and 100 million FTAs for calendar year 2047. The growth in FTAs is expected to strengthen hotel average daily rates, particularly for upper-tier hotels.

Peer Comparison:

The Indian Hotels Company Limited
EIH Limited
Chalet Hotels Limited
Juniper Hotels Limited
Lemon Tree Hotels Limited
Samhi Hotels Limited
Apeejay Surendra Park Hotels Limited
Ventive Hospitality
ITC Hotels
Schloss Bangalore Limited

Brigade Hotel Ventures Ltd Key Points

Strengths

Strategically located award winning hotels with diversified offerings in the key cities primarily in South India.

Focus on asset management resulting in operating efficiencies.

Focus on environmental, social and governance.

Strong parentage of Brigade Group.

Well positioned to leverage industry tailwinds.

Risk

The company has entered into hotel operator services agreements and other related agreements with Marriott, Accor and InterContinental Hotels Group to receive operating and marketing services for its hotels. In Fiscal 2025, two of its hotels which are operated by Marriott contributed 43.81% of the company revenue from operations. If these agreements are terminated or not renewed, its business, results of operations, financial condition and cash flows may be adversely affected.

A significant portion of its revenues is derived from the company four hotels located in Bengaluru (Karnataka) (63.21% of revenue from operations in Fiscal 2025 was from its hotels located in Bengaluru (Karnataka)). Further, the company derives a significant portion of its revenues from the company hotels Sheraton Grand Bangalore at Brigade Gateway, Holiday Inn Chennai OMR IT Expressway and Holiday Inn Bengaluru Racecourse (62.02% of the revenue from operations was from these hotels in Fiscal 2025). Any adverse developments affecting such hotels or locations could have an adverse effect on its business, financial condition, cash flows and results of operations.

The company intend to develop five additional hotels and if the company is unable to develop these hotels in a timely manner, its business, results of operations, financial condition and cash flows will be adversely affected.

Strategy

Expand Operations by Developing New Hotels at Select Locations.

Focus on Improving Operating Efficiencies and Increase Revenues.

Expand Portfolio by Way of Opportunistic and Accretive Acquisitions.

How To Apply for Brigade Hotel Ventures Ltd IPO Online?

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FAQs on IPO (Initial Public Offering)

What is the issue size of the Brigade Hotel Ventures Ltd IPO?

Brigade Hotel Ventures Ltd's IPO offers shares for up to 759.6 It begins on Jul 24, 2025 and ends on Jul 28, 2025.

What is the price of the Brigade Hotel Ventures Ltd IPO?

The price of Brigade Hotel Ventures Ltd IPO ranges between ₹85 to ₹90 per share.

What are the open and close dates for the Brigade Hotel Ventures Ltd IPO?

The Brigade Hotel Ventures Ltd IPO opens on Jul 24, 2025 and closes on Jul 28, 2025.

When will the Brigade Hotel Ventures Ltd IPO be allotted?

The allotment for the Brigade Hotel Ventures Ltd IPO will be finalised on Jul 29, 2025. The shares will be listed on BSE and NSE on Jul 31, 2025.

What is the minimum lot size required for Brigade Hotel Ventures Ltd IPO?

The minimum lot size for Brigade Hotel Ventures Ltd IPO is 166 shares, priced between ₹85 to ₹90 per share.

What is the GMP of Brigade Hotel Ventures Ltd IPO?

The GMP (Grey Market Premium) of Brigade Hotel Ventures Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Brigade Hotel Ventures Ltd IPO?

To check the allotment status of Brigade Hotel Ventures Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Brigade Hotel Ventures Ltd IPO getting listed?

The Brigade Hotel Ventures Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Jul 24, 2025, and closes on Jul 28, 2025. The allotment is finalised on Jul 29, 2025.

How do you apply for the Brigade Hotel Ventures Ltd IPO?

To apply for the Brigade Hotel Ventures Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.