Brigade Hotel Ventures IPO: Allotment status likely today, here's how to check
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How to check Brigade Hotel Ventures IPO allotment status
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About the Company
The allotment status of Brigade Hotel Ventures IPO is likely to be finalized today following the conclusion of bidding on July 28. The Rs 760 crore issue received an overall subscription of 4.48 times, with retail investors leading the charge, subscribing their quota 6.4 times.Qualified institutional buyers (QIBs) bid 5.42 times their reserved portion, while non-institutional investors (NIIs) subscribed 1.92 times. The shareholder category saw a decent response at 3.28 times, but the employee segment remained undersubscribed at 0.94x.The IPO comprised a fresh issue of 8.44 crore shares in the price band of Rs 85-90, with a minimum application size of 166 shares (Rs 14,940 at the upper end). The registrar for the IPO is KFin Technologies , and the company is scheduled to list on the BSE and NSE on July 31.Registrar Website ( https://ris.kfintech.com/ipostatus Select 'Brigade Hotel Ventures IPO' from the dropdownEnter PAN, Application Number, or DP Client IDClick on 'Submit' to view the statusBSE Website ( https://www.bseindia.com/investors/appli_check.aspx Select 'Equity', choose the issue name, and enter application detailsInvestors who are allotted shares will see credits in their demat accounts by July 30. Refunds for unsuccessful applicants will also be processed by then.Brigade Hotel is a wholly-owned subsidiary of Brigade Enterprises , operating a portfolio of nine premium hotels with 1,604 keys across Bengaluru, Chennai, Kochi, Mysuru, and GIFT City. These are operated under global hospitality brands including Marriott, Accor, and IHG.Despite a 16% revenue growth in FY25 to Rs 471 crore, net profit declined 24% to Rs 23.66 crore, reflecting higher costs and operational expansion. GMP for the IPO currently stands at zero, indicating a flat listing is expected.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
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