All details for Brigade Hotel Ventures IPO: Dates, price, subscription, financials, objectives, KPIs, registrar, and company overview.
Fresh Issue ₹759.60 Cr | Allotment July 29 | Listing July 31, 2025
Brigade Hotel Ventures IPO: At a Glance
IPO Timeline
| IPO Activity | Date |
|---|---|
| IPO Open Date | July 24, 2025 |
| IPO Close Date | July 28, 2025 |
| Tentative Allotment | July 29, 2025 |
| Refunds Initiation | July 29, 2025 |
| Credit of Shares to Demat | July 30, 2025 |
| IPO Listing Date | July 31, 2025 |
IPO Price & Lot Size
| Issue Price Band | To be announced |
|---|---|
| Market Lot | To be announced |
Company Financials (₹ Crore)
Bar Chart: Revenue, PAT & Net Worth
Line Chart: Revenue, PAT & Net Worth
| Period Ended | Assets | Revenue | Profit After Tax | EBITDA | Net Worth | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 2025 | 947.57 | 470.68 | 23.66 | 166.87 | 78.58 | 617.32 |
| 31 Mar 2024 | 886.78 | 404.85 | 31.14 | 144.61 | 58.74 | 601.19 |
| 31 Mar 2023 | 840.67 | 356.41 | -3.09 | 113.98 | 33.81 | 632.50 |
Key Performance Indicators (KPI)
| KPI | Values |
|---|---|
| ROCE | 13.62% |
| Debt/Equity | 7.40 |
| RoNW | 30.11% |
| PAT Margin | 5.03% |
| EBITDA Margin | 35.45% |
Objects of the Issue
| S.No. | Objects | Expected Amount (₹ Cr) |
|---|---|---|
| 1 | Repayment/ prepayment, in full or in part, of certain outstanding borrowings availed by the company and Material Subsidiary, namely, SRP Prosperita Hotel Ventures Limited | 468.14 |
| 2 | Payment of consideration for buying of undivided share of land from the Promoter, BEL | 107.52 |
| 3 | Pursuing inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes | — |
About Brigade Hotel Ventures Ltd.
Business: Owner and developer of hotels in key South Indian cities; wholly-owned subsidiary of Brigade Enterprises Limited (BEL).
Portfolio: Nine operating hotels (Bengaluru, Chennai, Kochi, Mysuru, GIFT City) with 1,604 keys.
Hotel Operators: Marriott, Accor, InterContinental Hotels Group.
Presence: Kerala, Andhra Pradesh, Tamil Nadu, Karnataka, Telangana, Lakshadweep, Andaman & Nicobar Islands, Pondicherry.
Customer Experience: Fine dining, specialty restaurants, MICE venues, lounges, pools, spas, gyms, outdoor spaces.
Promoter: Brigade Enterprises Limited (BEL)
Competitive Strengths:
- Leading private hotel asset owner in South India (1,604 rooms as of June 2024)
- Portfolio operated by global hospitality brands
- Comprehensive guest experience (dining, events, wellness)
- Strategic locations in major South Indian cities
Contact Details
29th & 30th Floor, World Trade Center, Brigade Gateway Campus,
26/1, Dr. Rajkumar Road, Malleswaram Rajajinagar,
Bengaluru, Karnataka, 560055
Phone: +91 80 4137 9200
Email: investors@bhvl.in
Website: https://bhvl.in/
Frequently Asked Questions (FAQ)
The price band for Brigade Hotel Ventures IPO has not been announced yet. It will be determined through the book-building process and announced closer to the IPO date in the Red Herring Prospectus (RHP).
The IPO will open for subscription on July 24, 2025, and close on July 28, 2025, as per the announced timeline.
The minimum investment amount will depend on the final price band and lot size, which are yet to be announced. Typically, for mainboard IPOs, the minimum investment for retail investors is around ₹14,000–₹15,000 for one lot of shares.
You can apply for the IPO through:
- Your bank's net banking platform (ASBA facility)
- Brokerage accounts (online or offline)
- Registered investment platforms
- Designated branches of syndicate banks
The exact application process will be detailed in the RHP when the IPO dates are confirmed.
Brigade Hotel Ventures Ltd. owns and develops hotels in key South Indian cities. Their revenue sources include:
- Room revenues from nine operating hotels with 1,604 keys
- Food and beverage sales from fine dining and specialty restaurants
- MICE (Meetings, Incentives, Conferences, and Exhibitions) venue bookings
- Ancillary services like spas, gyms, and lounges
The company partners with global hospitality brands like Marriott, Accor, and InterContinental Hotels Group.
Key risks to consider include:
- Market risk: Sensitivity to hospitality industry demand and economic cycles
- Debt risk: High debt-to-equity ratio of 7.40
- Competition: Intense competition in the hospitality sector
- Regulatory risks: Compliance with hospitality and environmental regulations
- Operational risks: Dependence on third-party hotel operators and brand reputation
Investors should review the risk factors in the RHP before investing.
As per the DRHP, the net proceeds from the IPO (₹759.60 Cr) will be used for:
- Repayment/prepayment of certain outstanding borrowings of the company and its material subsidiary, SRP Prosperita Hotel Ventures Limited (₹468.14 Cr)
- Payment for an undivided share of land from the promoter, Brigade Enterprises Limited (₹107.52 Cr)
- Pursuing inorganic growth through acquisitions and general corporate purposes
Specific allocations will be detailed in the RHP.
Brigade Hotel Ventures has:
- Nine operating hotels with 1,604 keys across Bengaluru, Chennai, Kochi, Mysuru, and GIFT City
- Revenue growth from ₹356.41 Cr (FY23) to ₹470.68 Cr (FY25)
- PAT improvement from a loss of ₹3.09 Cr (FY23) to a profit of ₹23.66 Cr (FY25)
- Net worth growth from ₹33.81 Cr (FY23) to ₹78.58 Cr (FY25)
- Presence in multiple states and union territories, managed by global hospitality brands
The company focuses on strategic locations and premium guest experiences for growth.
As of March 31, 2025:
- Total borrowings: ₹617.32 crore
- Debt-to-equity ratio: 7.40
- EBITDA: ₹166.87 Cr, supporting debt servicing capacity
Part of the IPO proceeds will be used to repay or prepay borrowings to improve the capital structure.
The book running lead managers for Brigade Hotel Ventures IPO are not specified in the provided data. They will be announced in the RHP and are responsible for managing the IPO process, including investor roadshows, price discovery, and allocation.
