Latest news with #Bengaluru-based
News18
2 hours ago
- Business
- News18
Brigade Hotel Ventures Rs 750-cr IPO to open on Jul 24
New Delhi, Jul 20 (PTI) Brigade Hotel Ventures Ltd, owner and developer of hotels in South India, is set to launch its Rs 749.6-crore initial public offering (IPO) on July 24. The IPO is scheduled to close on July 28, and the one-day bidding for the anchor investor will open on July 23, according to the red herring prospectus (RHP). Brigade Hotel Ventures' IPO is entirely a fresh issue of equity shares with no offer-for-sale (OFS) component. Of the total issue proceeds, Rs 468.14 crore will be used for debt payment, Rs 107.52 crore will be utilised for the purchase of an undivided share of land from the promoter, BEL, and the remaining funds will support acquisitions, other strategic initiatives, and general corporate purposes. Earlier this month, Brigade Hotel Ventures raised Rs 126 crore by selling equity shares to 360 ONE Alternates Asset Management. Brigade Hotel Ventures Ltd is a subsidiary of Bengaluru-based real estate company Brigade Enterprises Ltd (BEL). BEL entered into the hospitality business in 2004 with the development of its first hotel, Grand Mercure Bangalore, which commenced operations in 2009. The company has a portfolio of nine operating hotels across Bengaluru (Karnataka), Chennai (Tamil Nadu), Kochi (Kerala), Mysuru (Karnataka) and GIFT City (Gujarat) with 1,604 keys. These hotels are operated by global marquee hospitality companies, such as Marriott, Accor and InterContinental Hotels Group. JM Financial and ICICI Securities are the book-running lead managers to the issue. Shares of the company are expected to list on the bourses on July 31. PTI SP BAL BAL (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: July 20, 2025, 17:00 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Mint
3 hours ago
- Business
- Mint
IPO-bound Indiqube Spaces FY25 net loss at ₹140 cr, revenue rises 27 pc to ₹1,103 cr
New Delhi, Jul 20 (PTI) Coworking firm Indiqube Spaces Ltd, which will soon launch an initial public offering (IPO), has posted a net loss of ₹ 139.61 crore during the last fiscal on higher expenses. The net loss of Indiqube Spaces, which provides managed office spaces to corporates, stood at ₹ 341.50 crore during the 2023-24 fiscal. Its total income rose to ₹ 1,102.93 crore in 2024-25 from ₹ 867.66 crore in the preceding year, according to its red herring prospectus (RHP) filed with Sebi. Indiqube Spaces said the company has incurred losses during the last three fiscal years. Indiqube Spaces manages a portfolio of 115 centres across 15 cities, covering 8.40 million square feet of area under management with a total seating capacity of 1,86,719 as of March 31, 2025. Bengaluru-based Indiqube Spaces will hit the capital market on July 23 to raise up to ₹ 700 crore through its IPO. The company has fixed a price band of ₹ 225 to ₹ 237 per share for its IPO that closes on July 25. The company is raising ₹ 650 crore through the issuance of fresh issue and promoters will offload shares worth ₹ 50 crore under the offer for sale (OFS). Out of the total net proceeds of the IPO, Indiqube Spaces will utilise ₹ 462.6 crore towards funding capex for setting up new centres, ₹ 93 crore for repayment and the rest for general corporate purposes. The company, which was incorporated in 2015, had raised ₹ 324 crore in two funding rounds during 2018 and 2022. Amid the rising demand for flexible workspaces, co-working operators are looking to expand their business across major cities in India. They lease office spaces from landlords and then sub-lease the areas to corporates of all sizes. To support their expansion plan, they are looking to raise funds through various routes, including an IPO. Already, Awfis and Smartworks have listed their companies on stock exchanges, while WeWork India recently received Sebi nod to launch its IPO.
Time of India
4 hours ago
- Business
- Time of India
BM Property: Property market gains investor confidence again
rental yields Knight Frank In an era of volatile markets and economic uncertainty, one asset remains resilient—real estate. From first-time buyers to seasoned investors, property is increasingly seen as a reliable, long-term investment. Real estate has long been valued as a tangible asset that appreciates over time. In India, growing urbanisation, improved infrastructure, and rising disposable incomes are driving sustained demand and boosting investor Bengaluru-based software engineer Shruthi Rao, buying her first apartment wasn't just about owning a home—it was about securing her future. 'I looked at mutual funds and stocks, but nothing gave me the kind of peace of mind real estate did,' she says. 'Even if prices fluctuate in the short term, property always gains value over time.'Property developers echo this sentiment. Rajiv Mehta, a city-based builder known for mid-segment and luxury projects, believes real estate remains one of the most stable long-term investments. 'Unlike equity or gold, real estate not only appreciates in value but also provides consistent rental income,' he explains. 'We've seen clients buying second or third homes purely for investment purposes.'In cities like Bengaluru, Hyderabad, and Pune, the boom in IT and startup culture has driven a surge in property demand. This trend is further supported by government initiatives like PMAY (Pradhan Mantri Awas Yojana), RERA reforms, and increased investment in infrastructure. Real estate also offers a strong emotional and cultural sense of security. 'Land is still seen as a family asset in Indian households—something we pass on to the next generation,' says Anil Kumar, a retired banker and proud owner of a plot on the outskirts of Mysuru. 'I bought it 10 years ago for `5 lakh. Today, it's worth `40 lakh. No other investment delivered that kind of growth.'Withof 2–4% and strong appreciation potential in suburban pockets, many millennials are entering the real estate market early. Investors are also exploring tier-2 cities for better returns. However, experts urge caution. 'Check legal status, RERA registration, builder track record, and infrastructure plans,' says consultant Anusha Nair.'A wise choice can outperform traditional investments.'For NRIs and global investors, Indian real estate remains appealing due to favourable exchange rates and emotional ties to the homeland. Even post-pandemic, the housing market shows resilience. Areport notes a 21% year-on-year rise in housing sales in Q1 2025, reflecting strong buyer confidence in long-term, tangible property say that while financial markets may swing, property offers a sense of stability, utility, and long-term wealth creation. As more buyers begin to view homes not just as places to live but as avenues of growth, real estate continues to prove itself as one of the smartest investments for the In cities like Bengaluru, Hyderabad, and Pune, the IT and startup boom has fuelled property demand—further boosted by government initiatives such as PMAY, RERA reforms, and increased investment in infrastructure development across urban regionsPic caption: Housing sales up 21% in Q1 2025, signalling strong buyer confidence
Mint
5 hours ago
- Business
- Mint
IPO-bound Indiqube Spaces FY25 net loss at ₹140 cr, revenue rises 27 pc to ₹1,103 cr
New Delhi, Jul 20 (PTI) Coworking firm Indiqube Spaces Ltd, which will soon launch an initial public offering (IPO), has posted a net loss of ₹ 139.61 crore during the last fiscal on higher expenses. The net loss of Indiqube Spaces, which provides managed office spaces to corporates, stood at ₹ 341.50 crore during the 2023-24 fiscal. Its total income rose to ₹ 1,102.93 crore in 2024-25 from ₹ 867.66 crore in the preceding year, according to its red herring prospectus (RHP) filed with Sebi. Indiqube Spaces said the company has incurred losses during the last three fiscal years. Indiqube Spaces manages a portfolio of 115 centres across 15 cities, covering 8.40 million square feet of area under management with a total seating capacity of 1,86,719 as of March 31, 2025. Bengaluru-based Indiqube Spaces will hit the capital market on July 23 to raise up to ₹ 700 crore through its IPO. The company has fixed a price band of ₹ 225 to ₹ 237 per share for its IPO that closes on July 25. The company is raising ₹ 650 crore through the issuance of fresh issue and promoters will offload shares worth ₹ 50 crore under the offer for sale (OFS). Out of the total net proceeds of the IPO, Indiqube Spaces will utilise ₹ 462.6 crore towards funding capex for setting up new centres, ₹ 93 crore for repayment and the rest for general corporate purposes. The company, which was incorporated in 2015, had raised ₹ 324 crore in two funding rounds during 2018 and 2022. Amid the rising demand for flexible workspaces, co-working operators are looking to expand their business across major cities in India. They lease office spaces from landlords and then sub-lease the areas to corporates of all sizes. To support their expansion plan, they are looking to raise funds through various routes, including an IPO. Already, Awfis and Smartworks have listed their companies on stock exchanges, while WeWork India recently received Sebi nod to launch its IPO. Gross leasing of office spaces across India's top 8 cities is expected to cross 90 million square feet in 2025, beating last year's record demand of around 89 million square feet, according to Cushman & Wakefield.
Hans India
6 hours ago
- Hans India
Now, India's first structured certified naturalist course on offer
Bengaluru: Fornearly a decade, Siddesh Shekar (33) has been learning how to be a naturalist on the job, from private wildlife tour operators to national parks like the Jim Corbett National the three-and-half months he spent learning for Certified Naturalist (CNAT) Course, first structured programme in India -- which is certified by the government, and offers formal certification for nature guides, wildlife interpreters, and eco-tourism professionals -- Shekar said he learnt to look beyond tiger tourism. 'We picked up a lot of cognitive skills, and learnt about everything -- birds, reptiles and mammals -- during the course of three-and-half months,' said Shekar to PTI. While historically, people like Charles Darwin are tagged as naturalists, modern-day naturalists would include scientists, park rangers, and nature educators, who contribute to our understanding and conservation of the natural world. Shekar, for instance, wants to become an ethical tourism professional, designing his own tours across the national parks of India. He was one of the first batch students of the course being offered by Bengaluru-based The Naturalist School, a social enterprise. The course is designed to create meaningful career pathways in the growing fields of conservation, nature education, and sustainable tourism, said Prakruthi Subramanya, Program Director at The Naturalist School. 'The naturalists have largely been operating from a very informal space. Usually, they are motivated by a passion for wildlife. Sometimes, local youth living in and around forests would double as naturalists,' said Subramanya. Shekar recalled how as a young boy, he fell in love with wildlife after watching David Attenborough documentaries and wanted to do something with nature for a living. 'It helped that I was living near Mysuru Zoo, and that my mom, who was from Coorg, was a science teacher. I ended up having this fascination for forests, particularly for the biodiversity of Western Ghats,' said Shekar, who is working as a nature guide at the government-owned Jungle Lodges and Resorts, Kabini, perched at the edge of Nagarhole forest in Karnataka. It was around 2021-22 that the CNAT Course was accredited by the National Council for Vocational Education and Training (NCVET) and aligned with the Skill India Mission, offering a formal pathway into the growing sectors of conservation education and sustainable tourism. 'Before then, Skill India Mission had many courses for chefs and housekeeping, but none for nature guide and nature interpretation,' added Subramanya. The third batch of the course began their three-and-half month (750-hour) long journey into being a naturalist from July 19 at Bannerghatta Nature Camp, Jungle Lodges and Resorts in Bengaluru. The course, with a fee of Rs 1.5 lakh, is based on experiential learning, said Subramanya. 'Among other things, they will also learn how to communicate to a layperson. Much of it is pegged on building curiosity and storytelling. We have also collaborated with the Red Cross to give them a detailed first-aid course,' said Subramanya. The students will stay at Bannerghatta Nature Camp for four weeks initially and then again two weeks towards the end of the course. 'They are expected to attend online classes for four weeks, working on assigned projects. There will also be on-the-job training – they will intern in one of the nature camps,' added Subramanya.
