- Issue price
- ₹90per share
- Issue size
- ₹759.6 Cr8,44,29,103 shares
- Face value
- ₹10per equity share
- Lot size
- 166 sharesMin. ₹14,940 at the upper price
- Anchor biddingWed, 2025
- OpensThu, 2025
- ClosesMon, 2025
- AllotmentTue, 2025Refunds same day
- ListingThu, 2025
Dates marked in the offer document as tentative. Times in IST.
Information only, not investment advice. This page provides information compiled from official offer documents for information purposes only. It is not investment advice or a recommendation to apply for, buy or sell any security. We are not a SEBI-registered investment adviser or research analyst. Investments in IPOs are subject to market risks; read the offer document carefully before investing.
Issue details
- Issue type
- Book built, fresh issue
- Fresh issue
- 8,44,29,103 shares (₹759.6 Cr)
- Offer for sale
- None
- Total issue
- 8,44,29,103 shares (₹759.6 Cr)
- Face value
- ₹10
- Listing at
- NSE, BSE
- Promoter holding
- 95.26% → 74.09%
Source: ProspectusUpdated
Reservation
Share of the total issue- Anchor59.8%
- NII19.9%
- Retail13.3%
- Shareholders5.6%
- Employees1.4%
| Category | Shares | Of net offer | Stated in RHP |
|---|---|---|---|
| Retail individual investors | 80,18,000 | 13.28% | 10% |
| Non-institutional investors (NII) | 1,20,27,000 | 19.92% | 15% |
| Qualified institutional buyers (QIB) | 6,01,35,000 | 99.60% | 75% |
| Anchor investors | 3,60,81,000 | 59.76% | — |
| Employees | 8,73,103 | 1.45% | — |
| Shareholders | 33,76,000 | 5.59% | — |
| Market maker | — | — | — |
Source: ProspectusUpdated
Lot size
Amounts at ₹90 per share| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail individual investors | 1 | 166 | ₹14,940 |
Source: ProspectusUpdated
Special quotas
- Employees
- ₹3 discount per share
Source: ProspectusUpdated
Subscription
Category-wise subscription is published by the exchanges while the issue is open. It appears here once the figures are added.
Valuation
FY 2024-25, pre-issue- EPS (basic)
- ₹0.72
- EPS (diluted)
- ₹0.72
- RoNW
- 30.11%
- NAV per share
- ₹2.79
- P/E (FY 2024-25 at Cap Price)
- 125.00×
- ROCE
- 13.62%
- EBITDA margin
- 35.45%
- Debt to equity
- 5.81
Source: ProspectusUpdated
Financials
Consolidated, restated · ₹ crore| Period ended | 31 Mar 2025FY 2024-25 | 31 Mar 2024FY 2023-24 | 31 Mar 2023FY 2022-23 |
|---|---|---|---|
| Revenue from operations | 468.25 | 401.70 | 350.22 |
| Total income | 470.68 | 404.85 | 356.41 |
| EBITDA | 166.87 | 144.61 | 113.98 |
| Profit after tax | 23.66 | 31.14 | -3.09 |
| Net worth | 78.58 | 58.74 | 33.81 |
| Total assets | 947.57 | 886.78 | 840.67 |
| Total borrowing | 617.32 | 601.19 | 632.50 |
FY 2024-25 vs FY 2023-24: revenue +16.6%, profit after tax −24.0%.
Source: ProspectusUpdated
About the company
The company owns and develops hotels in key cities mainly in South India and runs nine operating hotels operated under global brands. Its promoter is Brigade Enterprises Limited, a real estate developer.
- Incorporated
- 2016
- Industry
- Hospitality
- CIN
- U74999KA2016PLC095986
- Website
- bhvl.in
Source: ProspectusUpdated
Promoters and shareholders
| Name | Before issue | After issue |
|---|---|---|
| Brigade Enterprises Limited | 95.26% | 74.09% |
Source: ProspectusUpdated
Objects of the issue
₹ crore| Purpose | Amount |
|---|---|
| Repayment or prepayment of certain borrowings of the company and its material subsidiary | 468.14 |
| Payment for purchase of undivided share of land from the promoter | 107.52 |
| Unidentified inorganic acquisitions, other strategic initiatives and general corporate purposes | 130.86 |
Source: ProspectusUpdated
Peer comparison
As listed in the offer document| Company | EPS | P/E | RoNW | NAV per share |
|---|---|---|---|---|
| The Indian Hotels Company Limited | ₹13.4 | 56.06× | 16.42% | ₹87.22 |
| EIH Limited | ₹11.82 | 32.20× | 16.23% | ₹75.86 |
| Chalet Hotels Limited | ₹6.53 | 136.63× | 4.68% | ₹139.42 |
| Juniper Hotels Limited | ₹3.2 | 99.48× | 2.61% | ₹122.55 |
| Lemon Tree Hotels Limited | ₹2.48 | 62.04× | 13.59% | ₹22.59 |
| Samhi Hotels Limited | ₹3.88 | 62.75× | 7.49% | ₹51.63 |
| Apeejay Surrendra Park Hotels Limited | ₹3.92 | 42.05× | 6.51% | ₹60.17 |
| Ventive Hospitality | ₹6.83 | 115.58× | 0.82% | ₹252.88 |
| ITC Hotels | ₹3.05 | 78.20× | 5.94% | ₹51.55 |
| Schloss Bangalore Limited | ₹1.97 | 229.34× | 1.32% | ₹107.95 |
| Brigade Hotel Ventures LimitedIssuer | ₹0.72 | 125.00× | 30.11% | ₹2.79 |
Source: ProspectusUpdated
Strengths and risks
Our summary of what the offer document statesStrengths
- Owns and develops nine operating hotels in key South Indian and Gujarat cities under global hotel brands.
- Operated by established international hotel operators such as Marriott, Accor and InterContinental Hotels Group.
- Backed by promoter Brigade Enterprises, a real estate developer, for brand and development support.
- Revenue from operations grew steadily over FY 2023 to FY 2025.
- Pipeline of five additional hotels planned for development by Fiscal 2029.
Risks
- Two Marriott-operated hotels contributed about 43.81% of FY 2025 revenue from operations, so loss of those agreements would hurt results.
- Heavy revenue concentration in Bengaluru hotels, with about 63% of FY 2025 revenue from the city.
- High leverage, with net borrowings to total equity of 5.81 times in FY 2025.
- Restated net worth and profit history is modest, with a loss in FY 2023 and low book value per share.
- The company did not meet the net tangible assets monetary-assets requirement, so the issue was made under Regulation 6(2).
Source: ProspectusUpdated
Documents
Contacts
Source: ProspectusUpdated
Allotment status
Check whether shares were allotted on the official pages below, using your PAN, application number or DP/client ID. Results appear once the basis of allotment is finalised.
- Allotment
- Refunds
- Demat credit
- Listing
Source: ProspectusUpdated
After listing
Listing price, day-one high and low, and the change from the issue price (₹90) appear here after the shares list on NSE and BSE.
Work out the gain or loss on allotted shares after charges and tax →
Frequently asked questions
When does the Brigade Hotel Ventures IPO open and close?
According to the Prospectus, the issue opens on Thursday, 24 July 2025 and closes on Monday, 28 July 2025.
What is the Brigade Hotel Ventures IPO price band?
The final issue price is ₹90 per share.
What is the lot size of the Brigade Hotel Ventures IPO?
One lot is 166 shares, which is ₹14,940 at ₹90 per share.
Where will Brigade Hotel Ventures shares list?
On NSE and BSE. The tentative listing date is Thursday, 31 July 2025.
Who is the registrar of the issue?
KFin Technologies Limited (SEBI registration INR000000221). Allotment status is checked on the registrar's website.
How do I check the Brigade Hotel Ventures IPO allotment status?
The basis of allotment is expected to be finalised on Tuesday, 29 July 2025. After that, search by PAN, application number or DP/client ID on the registrar's website (KFin Technologies Limited), the NSE website or the BSE website. Shares that are allotted are credited to your demat account; for an application that is not allotted, the blocked amount is released.
How will the money raised be used?
₹468.14 Cr for repayment or prepayment of certain borrowings of the company and its material subsidiary, ₹107.52 Cr for payment for purchase of undivided share of land from the promoter, ₹130.86 Cr for unidentified inorganic acquisitions, other strategic initiatives and general corporate purposes.
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