Brigade Hotel Ventures Ltd

Brigade Hotel Ventures Ltd is into hospitality services in South India and currently has a portfolio of over 500 hotel rooms across India. These hotels are a full package offering fine dining, speciality restaurants, meetings, conferences, functions, exhibitions, and all other facilities. It has 9 hotels across Bengaluru, Kochi, Mysuru, and GIFT City with 1,604 keys. Its hotels are operated by globally acclaimed names like Accor, Marriott, and Intercontinental. 

The fresh funds will be used for repayment of loans of the parent and subsidiary; buying land parcels from Brigade Enterprises Ltd (BEL), and for inorganic growth. The promoters of Brigade Hotel Ventures Ltd (Brigade Enterprises Ltd) is a listed company. The IPO will be lead managed by JM Financial and ICICI Securities Ltd; while KFIN Technologies Ltd will be the IPO registrar. The company is headquartered in Bengaluru in Karnataka. 

Highlights Of The IPO Issue Of Brigade Hotel Ventures Ltd

Here are the key highlights of the public issue of Brigade Hotel Ventures Ltd. 

1. The IPO of will be open from July 24th, 2025 to July 28th, 2025. It  has a face value of ₹10 per share and the IPO price band is set in the range of ₹85 to ₹90 per share.
2. The IPO of Brigade Hotel Ventures Ltd will be entirely a fresh issue of shares with no offer for sale (OFS) component.
3. The fresh portion of the IPO comprises the issue of 8,44,00,000 shares (844.00 lakh shares), which at the upper price band of ₹90 per share translates into ₹759.60 crore.
4. Since there is no OFS, the overall IPO will also comprise of 8,44,00,000 shares (844.00 lakh shares) worth ₹759.60 crore at the upper band price of ₹90 per share. 

The IPO of Brigade Hotel Ventures Ltd will be listed on the NSE and the BSE on the IPO mainboard. 

Key Dates, Investor Allocation, And Lot Sizes

Here are the key dates pertaining to the IPO of Brigade Hotel Ventures Ltd 

Data Source: Company RHP 

Investors can apply either through their existing trading account or the ASBA application can be directly logged through the internet banking account. This can only be done through the authorized list of self-certified syndicate banks (SCSB).  

The table below captures the gist of the allocation to various categories. 

Data Source: Security Parameters Filing (NSE) 

The anchor portion, is carved out of the QIB portion and the QIB portion available in the IPO offer has been reduced proportionately. Please note that the above shares are final and may differ marginally from the original announcement. Here is a quick look at the lot sizes applicable for the IPO of Brigade Hotel Ventures Ltd for various categories of investors. 

It may be noted here that for the B-HNI category and for the QIB (qualified institutional buyer) category, there are no upper limits applicable. (1 Lot = 166 shares) 

Financial Highlights Of Brigade Hotel Ventures Ltd

The table captures the key financials of Brigade Hotel Ventures Ltd for last 3 financial years.  

Data Source: Company RHP filed with SEBI (FY refers to Apr-Mar period) 

The company has seen steady growth in top line and the net profits have just turned around to profits last year. The PAT margins have been volatile in the last 3 years, but that would be meaningful after the profits stabilize. The company has reported ROE of around 23-37% range in the last 2 years. The hotels business is a long gestation and high capital intensive business, so a lot will depend on how the repeat business comes in. 

Valuation Metrics Of The Brigade Hotel Ventures Ltd IPO

If one considers the latest year EPS of ₹0.72 per share, the P/E ratio works out to 125X on the IPO price of ₹90 per share. However, as stated earlier, hotels is a capital intensive and a long gestation business with most of the gains coming in the long term from repeat business and average room rent growth. However, ROE has been fairly attractive for BHVL. 

Brigade Hotel Ventures Ltd also has some intangibles favouring them. Its properties are located in high growth cities like Bengaluru, Kochi, and Mysuru, which are seeing rising incomes, business travel, and leisure travel pick up in a big way. Their tie-ups with global hospitality brands like Accor and Marriott assures them global clientele, as they focus on managing assets. Investors must remember that for any rapidly growing economy, hotels always have strong macro tailwinds. That is what IPO investors should be betting on. 

A Brief On The Anchor Allocation Of Brigade Hotel Ventures Ltd

The anchor issue of Brigade Hotel Ventures Ltd saw a relatively strong response on 23rd July 2025 with 41.34% of the IPO size absorbed by anchors. Out of 8,72,74,987 shares (872.75 lakh shares) on offer, anchors picked up 3,60,81,000 shares (360.81 lakh shares) accounting for 41.34% of the total IPO size. The entire anchor allocation was made at the upper end of the price band of ₹90 per share. This includes the face value of ₹10 per share plus a share premium of ₹80 per share. The anchor bidding opened and closed on 23rd July 2025.  

Key Points To Note In The Anchor Allocation Process

Here are the key details pertaining to the anchor bidding of Brigade Hotel Ventures Ltd 

An anchor investor in an IPO is a qualified institutional buyer (QIB) like a foreign portfolio investor or mutual fund or insurance company or a sovereign fund which invests before the IPO is made available to the public as per SEBI regulations. It helps in price discovery. 

Anchor Allocation Investors In Brigade Hotel Ventures Ltd

On 23rd July 2025, Brigade Hotel Ventures Ltd allotted 3,60,81,000 shares to 17 anchor investors. The allocation was done at the upper IPO price band of ₹90 per share which resulted in overall anchor allocation of ₹324.73 crore. The anchors have already absorbed 41.34% of the total issue size of ₹785.47 crore. Listed below are top-10 anchor investors in the IPO who accounted for anchor collection of ₹292.78 crore or 90.16% of total anchor allocation. 

Data Source: BSE Filings (Value Allocated in ₹ in Crore) 

The detailed and comprehensive report on the anchor allocation with the mutual fund portion separated can be accessed on BSE by clicking on the link below. 

https://www.bseindia.com/markets/MarketInfo/DownloadAttach.aspx?id=20250723-48&attachedId=5b5dd40b-f4f1-4886-9dbb-837b366df7c9 

Out of the 3,60,81,000 shares allocated to the anchors in the IPO, a total of 2,54,88,636 shares were allocated to domestic mutual funds registered with SEBI. This allocation was spread across 12 mutual fund schemes belonging to 6 asset management company (AMCs). The mutual fund allocation in the anchor portion amounted to 70.64% of total anchor size. 

Next Steps In The Brigade Hotel Ventures Ltd IPO

Post the closure of the IPO subscription on 28th July 2025, the basis of allotment will be finalized on 29th July 2025 and the refunds will be initiated on 30th July 2025. In addition, the demat credits are expected to also happen on 30th July 2025 and the stock will list on 31st July 2025 on the NSE and the BSE. The credits to the demat account to the extent of shares allotted will happen by the close of 30th July 2025 under ISIN (INE03NU01014). 

Brigade Hotel Ventures Ltd - IPO Subscription Status On Day-1

As of 5.45 pm on 24th July 2025, out of the 511.94 lakh shares on offer in the IPO (excluding anchor portion), Brigade Hotel Ventures Ltd saw bids for 320.22 lakh shares. This implies an overall subscription of 0.63X at a macro level. The granular break-up of subscriptions as of the close of the first day of the IPO of Brigade Hotel Ventures Ltd was as under: 

The subscriptions were led by the Retail investors followed by the HNI / NII investors and QIB investors in that order. QIB bids and NII bids typically gather most of the momentum on the last day, and that would be the case in this issue also in the case of QIB bids. Both the QIB and the NII bids pick momentum on the last day since that is when the bulk HNI funding bids, corporate bids and the bulk QIB bids come in. BEL shareholder quota refers to the reservation for shareholders of parent company, Brigade Enterprises Ltd. Here is the category-wise subscription. The overall subscription ratio excludes anchor portion. 

Data Source: NSE / BSE (as of close of Day-1 of the IPO) 

The IPO is open up to June 28, 2024, at which point we will know the final subscription status of the IPO. 

Next Steps In The Brigade Hotel Ventures Ltd IPO

The basis of allotment will be finalized on 29th July 2025 and the refunds will be initiated on 30th July 2025. In addition, the demat credits are expected to also happen on 30th July 2025 and the stock will list on 31st July 2025 on the NSE and the BSE. Credits to demat account will happen by the close of 30th July 2025 under ISIN (INE03NU01014). 

Brigade Hotel Ventures Ltd - Ipo Subscription Status On Day-2

As of 5.55 pm on 25th July 2025, out of the 511.94 lakh shares on offer in the IPO (excluding anchor portion), Brigade Hotel Ventures Ltd saw bids for 609.56 lakh shares. This implies an overall subscription of 1.19X at a macro level. The granular break-up of subscriptions as of the close of the first day of the IPO of Brigade Hotel Ventures Ltd was as under: 

The subscriptions were led by the Retail investors followed by the HNI / NII investors and QIB investors in that order. QIB bids and NII bids typically gather most of the momentum on the last day, and that would be the case in this issue also in the case of QIB bids. Both the QIB and the NII bids pick momentum on the last day since that is when the bulk HNI funding bids, corporate bids and the bulk QIB bids come in. BEL shareholder quota refers to the reservation for shareholders of parent company, Brigade Enterprises Ltd. Here is the category-wise subscription. The overall subscription ratio excludes anchor portion. 

Data Source: NSE / BSE (as of close of Day-2 of the IPO) 

The IPO is open up to June 28, 2024, at which point we will know the final subscription status of the IPO. 

Next Steps In The Brigade Hotel Ventures Ltd IPO

The basis of allotment will be finalized on 29th July 2025 and the refunds will be initiated on 30th July 2025. In addition, the demat credits are expected to also happen on 30th July 2025 and the stock will list on 31st July 2025 on the NSE and the BSE. Credits to demat account will happen by the close of 30th July 2025 under ISIN (INE03NU01014). 

Brigade Hotel Ventures Ltd - IPO Subscription Status On Day-3

As of 7.10 pm on 28th July 2025, out of the 511.94 lakh shares on offer in the IPO (excluding anchor portion), Brigade Hotel Ventures Ltd saw bids for 2,295.15 lakh shares. This implies an overall subscription of 4.48X at a macro level. The granular break-up of subscriptions as of the close of Day-3 of the IPO of Brigade Hotel Ventures Ltd was as under: 

The subscriptions were led by Retail investors followed by QIB investors and HNI / NII investors in that order. QIB bids and NII bids typically gather most of the momentum on the last day, and while that was the case with the QIB bids on the last day of the IPO, the same cannot be said about the HNI / NII bids, which hardly saw traction. Generally, QIB and NII bids pick up momentum on the last day, when bulk HNI funding bids, corporate bids and major QIB bids come in. BEL quota refers to reservation for shareholders of parent, Brigade Enterprises Ltd. Here is the category-wise subscription, excluding the anchor portion. 

Data Source: NSE / BSE (as of close of Day-3 of the IPO) 

The IPO has closed as of July 28, 2024, and the above table represents the final subscription numbers for the IPO. 

Next Steps In The Brigade Hotel Ventures Ltd IPO

The basis of allotment will be finalized on 29th July 2025 and the refunds will be initiated on 30th July 2025. In addition, the demat credits are expected to also happen on 30th July 2025 and the stock will list on 31st July 2025 on the NSE and the BSE. Credits to demat account will happen by the close of 30th July 2025 under ISIN (INE03NU01014). 

Checking Allotment Status On BSE Website

This is a common link for all mainboard IPOs. Click on BSE link for IPO allotment as below.  

https://www.bseindia.com/investors/appli_check.aspx 

Once you reach the page, here are the steps to follow. 

1. Under Issue Type – Select Equity Option 
2. Under Issue Name – Select Brigade Hotel Ventures   from the drop down box.
3. Enter the Application Number / CAF exactly as in the acknowledgement slip .OR. 
4. Enter your PAN (10-digit alphanumeric) number 
5. Once this is done, you need to click on the Captcha to verify you are not a robot 
6. Finally click on the Search Button 

You can use either of the parameters to query; Application / CAF number or Investor PAN. 

The allotment status will be displayed on the screen in front of you informing about the number of shares of Brigade Hotel Ventures allotted. You can save a screenshot of the allotment status output for tallying with the demat account credits. 

Checking Allotment Status On NSE Website

This is a common link for all IPOs. Click on NSE link for IPO allotment as below.  

https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids 

Once you reach the page, here are the steps to follow. 

1. Under Issue Type – Select Equity & SME IPO Details Option 
2. Under SELECT SYMBOL – Select BRIGHOTEL from the drop down box 
3. Enter the Application Number / CAF exactly as in the acknowledgement slip .AND. 
4. Enter your PAN (10-digit alphanumeric) number 
5. Once both are entered, click on the Submit Button 

You must input the Application / CAF number and the Investor PAN (both are required). 

The allotment status will be displayed on the screen in front of you informing about the number of shares of Brigade Hotel Ventures allotted against your application. You can save a screenshot of the allotment status output for tallying with the demat account credits. 

Checking Allotment Status On KFIN Technologies Ltd

Visit the website of KFIN Technologies Ltd, which has been appointed as the registrar for the issue. You can access their website for IPO status by clicking on the link below: 

https://kosmic.kfintech.com/ipostatus/ 

KFIN Technologies Ltd provides details of IPOs managed by them and where allotment status is finalized. Radio buttons allow you to opt to see all IPOs or just recent IPOs. The latter option reduces the list of IPOs to search. Once you click on Recent IPOs, dropdown shows recent active IPOs, where allotment status is finalized. Select Brigade Hotel Ventures.  

THERE ARE 3 WAYS TO QUERY ALLOTMENT STATUS ON KFIN TECHNOLOGIES LTD 

To Query by Application Number, check the appropriate box and follow these steps. 

1. Enter the Application Number as it is 
2. Enter the 6-digit Captcha Code 
3. Click on Submit button 
4. Allotment Status gets displayed on screen 

Unlike in the past, now you do not have to select ASBA versus Non-ASBA option. 

To Query by Demat Account, check the appropriate box and follow these steps. 

1. First select the depository (NSDL / CDSL) 
2. Enter the DP-ID (Alphanumeric for NSDL and Numeric for CDSL) 
3. Enter the Client-ID in the second box 
4. For NSDL, the Demat account is 2 strings; for CDSL it is just 1 string 
5. Enter the 6-digit Captcha Code 
6. Click on Submit button 
7. Allotment Status gets displayed on screen 

To Query by PAN, check the appropriate box and follow these steps. 

1. Enter the 10-Character PAN number, available on your PAN card 
2. After you enter the PAN number, Enter the 6-digit numeric Captcha Code 
3. Click on Submit button 
4. Allotment status gets displayed on screen 

If captcha code is not clear; toggle for more options. Retain a screenshot of the allotment status output for future reference. This can be tallied with demat credit post allotment.  

Next Steps In The Brigade Hotel Ventures Ltd IPO

The basis of allotment will be finalized on 29th July 2025, by late evening, and the refunds will be initiated on 30th July 2025. In addition, the demat credits are expected to also happen on 30th July 2025 and the stock will list on 31st July 2025 on the NSE and the BSE. The credits to the demat account to the extent of shares allotted will happen by the close of 30th July 2025 under ISIN (INE03NU01014). 

Tepid Listing For Brigade Hotel Ventures Ltd

Brigade Hotel Ventures Ltd had a tepid listing on 31st July 2025. On the NSE, the stock of Brigade Hotel Ventures Ltd listed at ₹81.10, a discount of -9.89% to the IPO price of ₹90 per share. The issue was subscribed just 4.48 times overall at the close of the IPO, so opening sentiments being tepid is not surprising. However, Trump sentiments also played a part. 

On the BSE also, the listing of Brigade Hotel Ventures Ltd was quite tepid . Against the issue price of ₹90 per share, the stock listed at ₹82, a discount of -8.89% to the issue price. The stock of Brigade Hotel Ventures Ltd is on T+1 rolling settlement system. 

How The Stock Of Brigade Hotel Ventures Ltd Moved During The Day?

After opening lower at ₹81.10 per share on the NSE, the stock stayed below the IPO price through the trading day. During the day, the stock of Brigade Hotel Ventures Ltd touched a high of ₹87.84 and an intraday low of ₹81.10. On the NSE, the upper circuit band of the stock is set at ₹97.32 while the lower circuit band is set at ₹81.10 per share. 

What about the BSE? After opening lower at ₹82 per share on the BSE, the stock stayed below the IPO price through the day. During the day, the stock of Brigade Hotel Ventures Ltd touched a high of ₹87.80 and an intraday low of ₹81.49. On the BSE, the upper circuit band of the stock is set at ₹98.40 while the lower circuit band is set at ₹65.60 per share. 

How Did The Stock Of Brigade Hotel Ventures Ltd Close On Listing Day?

Here is how the stock of Brigade Hotel Ventures Ltd closed on the NSE. The closing price of ₹85.15 per share is at a discount of -5.39% to the IPO issue price but a premium of +4.99% to the listing price of ₹81.10 per share on the NSE. The company had a market cap of ₹3,234 crore at close. During the day, the stock of Brigade Hotel Ventures Ltd traded 211.20 lakh shares on the NSE, with total traded value of ₹179.92 crore. Deliveries were 39.3% on NSE 

Here is how the stock of Brigade Hotel Ventures Ltd closed on the BSE. The closing price of ₹85.40 per share is at a discount of -5.11% to the IPO issue price but a premium  of +4.15% to the listing price of ͭ₹82 on the BSE. The company had a market cap of ₹3,244 crore as of close. During the day, the stock of Brigade Hotel Ventures Ltd traded 21.35 lakh shares on the BSE, having a total traded value of ₹18.21 crore. Deliveries were 39.2% on the BSE. 

The stock trades under the codes: NSE (BRIGHOTEL), BSE (544457), ISIN (INE03NU01014).