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Brigade Hotel Ventures IPO
Price Band
₹85.0–90.0
Issue Size
₹759.6 Cr
Lot Size
166 shares
Min Investment
₹14,940
GMP
—
Issue Price
₹90.0
Brigade Hotel Ventures IPO AI Summary
- Brigade Hotel Ventures IPO is listed on BSE, NSE in the Hotels & Resorts sector.
- Price band: ₹85.0–₹90.0 per share, lot size 166 shares (min. investment ₹14,940).
- Subscription window: 24 Jul–28 Jul 2025, listing on 31 Jul 2025.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Brigade Hotel Ventures IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 28 Jul 2025 — not a current signal.
12 of 15 reviewers say Positive
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Brigade Hotel Ventures IPO Grey Market Premium (GMP) Today
GMP not available yet
Grey Market Premium is updated daily. Check back closer to the listing date.
About the Company
Brigade Hotel Ventures Limited is the owner and developer of hotels in key cities in India, primarily across South India. The company is a wholly-owned subsidiary of BEL, which is one of the leading Indian real estate developers in India. The company owns chain-affiliated hotels and rooms in South India (comprising the states of Kerala, Andhra Pradesh, Tamil Nadu, Karnataka, Telangana, and the Union territories Lakshadweep, Andaman and Nicobar Islands and Pondicherry) among major private hotel asset owners (i.e., owning at least 500 rooms pan India) as of March 31, 2025. The hotels provide a comprehensive customer experience, including fine dining and specialty restaurants, venues for meetings, incentives, conferences, and exhibitions (“MICE”), lounges, swimming pools, outdoor spaces, spas, and gymnasiums. The company 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. The company's hotels are operated by global marquee hospitality companies such as Marriott, Accor and InterContinental Hotels Group.
Company Financials (₹ Cr)
As of 2025-03-31
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 947.57 | 886.78 | 840.67 |
| Total Income | 470.68 | 404.85 | 356.41 |
| Profit After Tax | 23.66 | 31.14 | -3.09 |
| EBITDA | 166.87 | 144.61 | 113.98 |
| NET Worth | 78.58 | 58.74 | 33.81 |
| Total Borrowing | 617.32 | 601.19 | 632.50 |
Key Ratios
EPS
₹0.80
NAV
₹2.79
ROCE
13.62%
RoNW
30.11%
P/B Value
32.26
P/E Ratio
112.38
Market Cap
₹3418.47 Cr
PAT Margin
5.03%
Debt/Equity
7.40
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Schloss Bangalore Limited | 107.95 | 1.32% | 229.34 | 1.97 | 1.97 |
| Itc Hotels Limited | 51.55 | 5.94% | 78.2 | 3.05 | 3.05 |
| Ventive Hospitality Limited | 252.88 | 0.82% | 115.58 | 6.83 | 6.83 |
| Apeejay Surrendra Park Hotels Limited | 60.17 | 6.51% | 42.05 | 3.92 | 3.92 |
| Samhi Hotels Limited | 51.63 | 7.49% | 62.75 | 3.88 | 3.84 |
| Lemon Tree Hotels Limited | 22.59 | 13.59% | 62.04 | 2.48 | 2.48 |
| Juniper Hotels Limited | 122.55 | 2.61% | 99.48 | 3.2 | 3.2 |
| Chalet Hotels Limited | 139.42 | 4.68% | 136.63 | 6.53 | 6.52 |
| Eih Limited | 75.86 | 16.23% | 32.2 | 11.82 | 11.82 |
| The Indian Hotels Company Limited | 87.22 | 16.42% | 56.06 | 13.4 | 13.4 |
| Brigade Hotel Ventures Limited This IPO | 2.79 | 30.11% | 125 | 0.72 | 0.72 |
Promoters
Brigade Enterprises Ltd.
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ 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 Ltd. 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 130.86 4 Issue Expenses 53.08 Total 759.60
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Revenue was ₹356.41 Cr in the year ending 31 Mar 2023, rising to ₹404.85 Cr by 31 Mar 2024, and further increasing to ₹470.68 Cr by 31 Mar 2025.
Profit Trend
The company reported a loss of ₹3.09 Cr in the year ending 31 Mar 2023, which improved to a profit of ₹31.14 Cr by 31 Mar 2024. By 31 Mar 2025, the profit after tax was ₹23.66 Cr.
Valuation
The company's implied P/E at the issue price is 125, while peers are trading at a P/E range of 32.2 to 229.34.
Grey Market Premium, Explained
The grey market refers to the unofficial trading of IPO shares before they are listed on the stock exchange. The Grey Market Premium (GMP) is the premium at which the shares are traded in this market, indicating the expected listing price compared to the issue price. A high GMP may suggest strong demand for the IPO, while a low or negative GMP may indicate weak interest.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against the company's growth potential, industry trends, and financial health. Consideration of the company's revenue and profit trajectory is also important.
Who May Want to Wait
Investors with a low risk tolerance or those seeking quick returns may want to avoid this IPO, as the hotel sector can be influenced by economic fluctuations and changing travel trends.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make when the shares of an IPO are listed on the stock exchange and traded at a higher price than the issue price. However, these gains are not guaranteed and can be affected by market conditions, investor sentiment, and company performance post-listing.
This evaluation is generated from Brigade Hotel Ventures's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is the price band of Brigade Hotel Ventures IPO?
The price band of Brigade Hotel Ventures IPO is ₹85.0–₹90.0 per share.
When does Brigade Hotel Ventures IPO open and close?
Brigade Hotel Ventures IPO opens on 24 July 2025 and closes on 28 July 2025.
When does Brigade Hotel Ventures IPO list on the stock exchange?
Brigade Hotel Ventures IPO listed on 31 July 2025 at ₹90.0.
What is the lot size for Brigade Hotel Ventures IPO?
The lot size for Brigade Hotel Ventures IPO is 166 shares, requiring a minimum investment of ₹14,940.
What is the lot size for Brigade Hotel Ventures IPO?
The lot size for the Brigade Hotel Ventures IPO is 166 shares.
What is the minimum investment required for this IPO?
The minimum investment required for the Brigade Hotel Ventures IPO is ₹14,940.
What is the price band for the IPO?
The price band for the Brigade Hotel Ventures IPO is ₹85.0 to ₹90.0.
When does the IPO open and close?
The IPO opens on July 24, 2025, and closes on July 28, 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the price at which shares are traded in the grey market before the official listing.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
24 Jul 2025
Close
28 Jul 2025
Allotment
29 Jul 2025
Listing
31 Jul 2025
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