Brigade Hotel Ventures IPO

About Brigade Hotel Ventures IPO

Brigade Hotel Ventures IPO is a book-built issue worth ₹759.60 crore. The IPO consists entirely of a fresh issue of 8.44 crore equity shares. The issue opens for subscription on July 24, 2025, and closes on July 28, 2025. The allotment is expected to be finalised on July 29, 2025, with tentative listing on BSE and NSE scheduled for July 31, 2025.

The IPO is priced in a band of ₹85 – ₹90 per share. Retail investors must apply for a minimum of 1 lot comprising 166 shares, requiring an investment of ₹14,940 at the upper end of the price band. sNII applicants must bid for a minimum of 14 lots (2,324 shares), amounting to ₹2,09,160, while bNII applicants must bid for at least 67 lots (11,122 shares), requiring an investment of ₹10,00,980.

JM Financial Limited is the book-running lead manager to the issue, and KFin Technologies Limited is the registrar.

For detailed information on company financials, business profile, and risk factors, investors are advised to refer to the Brigade Hotel Ventures IPO RHP.

Industry Outlook

1. India’s hospitality sector is undergoing a robust resurgence, underpinned by rising domestic travel, increasing foreign tourist arrivals, and a growing appetite for premium accommodation experiences. The industry is being shaped by diverse travel needs—business, leisure, MICE (meetings, incentives, conferences, and exhibitions), weddings, pilgrimages, and personal travel—each contributing to a broad-based demand recovery.
2. According to the Horwath HTL Report, the travel and tourism sector contributed ₹19.1 trillion to India’s economy in calendar year 2023, with projections estimating a rise to ₹21.2 trillion in 2024 and a further increase to ₹43.3 trillion by 2034, reflecting a compound annual growth rate (CAGR) of 7.4%. This growth is expected to be led by upper-tier hotels, which are likely to benefit from strengthening average daily rates and occupancy levels.
3. The sector’s long-term outlook is further bolstered by favourable demographic trends, rising disposable incomes, and government initiatives aimed at enhancing tourism infrastructure. The Hotel Association of India forecasts foreign tourist arrivals to exceed 30 million by 2037, while domestic visits are expected to reach 5 billion by 2030 and 15 billion by 2047.
4. The competitive landscape remains vibrant, with global hospitality brands such as Marriott, Accor, and InterContinental Hotels Group expanding their footprint in India. Simultaneously, domestic hotel developers are leveraging strategic partnerships and brand affiliations to enhance service offerings and operational efficiency. Brand positioning, customer experience, and location remain key differentiators in this fragmented yet opportunity-rich market.

Brigade Hotel Ventures IPO Objectives

The company proposes to utilise the net proceeds from the IPO for the following objectives:

1. A substantial portion of the proceeds will be directed towards the repayment or prepayment, in full or in part, of outstanding borrowings availed by the company and its material subsidiary, SRP Prosperita Hotel Ventures Limited. This initiative aims to strengthen the company’s balance sheet, reduce interest obligations, and enhance financial flexibility for future growth.
2. The company intends to acquire an undivided share of land from its promoter, Brigade Enterprises Limited, located in Kokapet Village, Telangana. This parcel will be utilised for the construction of a new hotel property, forming part of a larger commercial development. The investment includes payment of consideration and associated costs such as stamp duty and registration charges.
3. A portion of the proceeds will be allocated towards pursuing inorganic growth through acquisitions and other strategic initiatives. These may include identifying and acquiring hospitality or commercial assets, expanding the company’s operational footprint, and supporting general corporate purposes such as brand development, administrative overheads, and operational enhancements.
4. The public listing of Brigade Hotel Ventures Limited is expected to elevate its brand visibility, improve corporate governance standards, and facilitate access to capital markets. This move is anticipated to foster investor confidence and support long-term strategic partnerships and expansion opportunities.

About Brigade Hotel Ventures Limited

Brigade Hotel Ventures Limited was incorporated as a public limited company on 24 August 2016 under the Companies Act, 2013. The company’s registered office is located at the 29th and 30th floors of the World Trade Center, Brigade Gateway Campus, Dr Rajkumar Road, Malleswaram–Rajajinagar, Bengaluru, Karnataka.

The company is engaged in the ownership and development of hotels across key cities in India, primarily in the southern region. As of the date of the Red Herring Prospectus, Brigade Hotel Ventures operates a portfolio of nine hotels located in Bengaluru, Chennai, Kochi, Mysuru, and GIFT City, Gujarat. These properties are managed under globally recognised hospitality brands including Marriott, Accor, and InterContinental Hotels Group.

Brigade Hotel Ventures focuses on strategically selecting locations with high demand potential, such as premium neighbourhoods, commercial hubs, IT corridors, and leisure destinations. Notable properties include Sheraton Grand Bangalore at Brigade Gateway, Grand Mercure Bangalore in Koramangala, and Holiday Inn Bengaluru Racecourse Road, which is one of the largest upper-midscale hotels in its micro-market.

The company is a subsidiary of Brigade Enterprises Limited, a prominent real estate developer in India. The hotel business was originally part of Brigade Enterprises and was transferred to Brigade Hotel Ventures pursuant to a Scheme of Arrangement to enable focused management and operational efficiency.

How To Check the Allotment Status of the Brigade Hotel Ventures IPO?

Steps to check IPO allotment status on Angel One’s app:

1. Log in to the Angel One app.
2. Go to the IPO Section and then to IPO Orders.
3. Select the individual IPO that you had applied for and check the allotment status.
4. Angel One will notify you of your IPO allotment status via push notification and email.

How To Apply for Brigade Hotel Ventures IPO Online?

1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
3. Select IPO: Find and select the Brigade Hotel Ventures IPO from the list of open IPOs.
4. Enter the Lot Size: Specify the number of lots you want to bid for.
5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

Contact Details of Brigade Hotel Ventures IPO

Registered Office: 29th & 30th Floor, World Trade Center, Brigade Gateway Campus, 26/1, Dr. Rajkumar Road, Malleswaram–Rajajinagar, Bengaluru – 560 055, Karnataka, India.

Phone: + +91 80 4137 9200

E-mail: investors@bhvl.in