Brigade Hotel Ventures Ltd IPO
Open Demat Account
Brigade Hotel Ventures Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| TBA | TBA | TBA | ₹ 2,814.3 L | BSE | ₹ 759.6 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 24 Jul, 25 | 28 Jul, 25 | TBA | TBA | Book Building | 31 Jul, 25 |
Brigade Hotel Ventures Ltd IPO Dates
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 | 0x | 0 | 0 |
| NII | 0x | 0 | 0 |
| Retail | 0x | 0 | 0 |
| Employee | 0x | 0 | 0 |
| Total | 0x | 0 | 0 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Brigade Hotel Ventures Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 350.22 | -51.45 | -100.05 |
| EBITDA | 74.01 | -3.76 | -42.68 |
| PAT | -4.60 | -70.27 | -126.81 |
| Total Assets | 176.71 | 164.35 | 133.17 |
| Share Capital | 1.00 | 1.00 | 281.43 |
| Total Borrowings | 455.45 | 534.14 | 521.13 |
| Operating Activities (Net Cash) | 35.68 | -22.58 | -69.44 |
| Investing Activities (Net Cash) | 61.18 | 66.58 | 59.99 |
| Financing Activities (Net Cash) | 455.45 | 534.14 | 521.13 |
| Net Cashflow | 29.95 | 31.47 | 23.90 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Brigade Hotel Ventures Ltd
Our 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.
We are 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. Our 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). Our 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.
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 IPO 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
- We have entered into hotel operator services agreements and other related agreements with Marriott, Accor and InterContinental Hotels Group to receive operating and marketing services for our hotels. In Fiscal 2025, two of our hotels which are operated by Marriott contributed 43.81% of our revenue from operations. If these agreements are terminated or not renewed, our business, results of operations, financial condition and cash flows may be adversely affected.
- A significant portion of our revenues is derived from our four hotels located in Bengaluru (Karnataka) (63.21% of revenue from operations in Fiscal 2025 was from our hotels located in Bengaluru (Karnataka)). Further, we derive a significant portion of our revenues from our 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 our business, financial condition, cash flows and results of operations.
- We intend to develop five additional hotels and if we are unable to develop these hotels in a timely manner, our 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.
- 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.
How To Apply for Brigade Hotel Ventures Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.
