Latest news with #BrigadeHotelVentures
Mint
8 hours ago
- Business
- Mint
Brigade Hotel Ventures IPO to list on Thursday; GMP signals muted debut, price and details here
The IPO of Brigade Hotel Ventures, which concluded recently, is set to debut on the Indian stock exchanges on Thursday, July 31. The issue received a healthy response during its bidding period between July 24 and July 28, resulting in an overall subscription of 4.76 times. The IPO received total bids for 22.9 crore shares against 4.83 crore shares offered. The retail investors' portion was subscribed 6.83 times, while the NII and QIB portions were booked 2.03 times and 5.74 times, respectively. Also Read | Indiqube Spaces share price slips further 7% after weak listing As the bidding period has ended, investor focus has now shifted to potential listing gains, typically gauged by the grey market premium (GMP). According to market sources, the company's shares are quoting at ₹0 in the grey market, indicating that the shares might list at the same price as the issue price or at a slight discount. The grey market premium reflects investors' willingness to pay a premium over the IPO price. If the GMP is trading at 0 ahead of the listing, it typically suggests that the stock might have a muted debut on the exchanges. The mainboard IPO, valued at ₹759 crore, is entirely a fresh issue of 8.44 crore shares. The company shares are to be listed on both NSE and BSE exchanges, and it proposed to utilize the proceeds from the IPO for repayment or prepayment, in full or in part, of certain outstanding borrowings availed by the company and its material subsidiary, SRP Prosperita Hotel Ventures Limited. Also Read | Sri Lotus Developers raises ₹237 crore worth shares via anchor book The company said it will also use the funds to pay for the purchase of an undivided share of land from the promoter, pursue inorganic growth through unidentified acquisitions and other strategic initiatives, and cover general corporate purposes. About Brigade Hotel Ventures 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, and Telangana and the Union territories of 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. Also Read | Brigade Hotel IPO allotment date likely today. Steps to check status online 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. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
Business Standard
a day ago
- Business
- Business Standard
Brigade Hotel Ventures IPO ends with 4.48x subscription
The offer received bids for 22.95 crore shares as against 5.11 crore shares on offer. The initial public offer of Brigade Hotel Ventures received bids for 22,95,14,588 shares as against 5,11,93,987 shares on offer. The issue was subscribed 4.48 times. The Non-Institutional Investors (NIIs) category was subscribed 6.40 times. The Qualified Institutional Buyers (QIBs) category was subscribed 5.42 times. The Retail Individual Investors (RIIs) category was subscribed 1.92 times. The issue opened for bidding on 24 July 2025 and it closed on 28 July 2025. The price band of the IPO is fixed between Rs 85 and 90 per share. The IPO comprised a fresh issue of Rs 759.6 crore. Of the proceeds, Rs 468.14 crore will be used for repayment, prepayment, or redemption (in full or in part) of certain borrowings availed by the company and its material subsidiary, SRP Prosperita Hotel Ventures Limited. An amount of Rs 107.52 crore will be utilized for the purchase of an undivided share of land from the companys promoters (BEL), while the remaining funds will be allocated for general corporate purposes. Brigade Hotel Ventures (BHVL), a wholly owned subsidiary of Brigade Enterprises (BEL), is a leading hotel owner and developer in South India. The company operates nine hotels with 1,604 keys across key cities like Bengaluru, Chennai, Kochi, Mysuru, and GIFT City, in partnership with global hospitality brands such as Marriott, Accor, and IHG. BHVL plans to expand its portfolio with new luxury and upper midscale properties under brands like Grand Hyatt, Fairfield by Marriott, InterContinental, and The Ritz-Carlton, targeting completion between FY28 and FY29. Ahead of the IPO, Brigade Hotel Ventures on Wednesday, 23 July 2025, raised Rs 324.72 crore from anchor investors. The board allotted 3.60 crore shares at Rs 90 each to 17 anchor investors.
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Business Standard
2 days ago
- Business
- Business Standard
Brigade Hotel Ventures IPO allotment today; check status, GMP, listing date
Brigade Hotel Ventures IPO allotment status: The basis of allotment of the shares of the initial public offering of Brigade Hotel Ventures (Brigade Hotel Ventures IPO) is likely to be finalised today, Tuesday, July 29, 2025. The public offering closed for subscription on Monday, July 28. Brigade Hotel Ventures IPO received strong demand among investors, getting oversubscribed by nearly 4.48 times by the close. Here's how to check Brigade Hotel Ventures IPO online - direct links The investors who have applied for the Brigade Hotel Ventures IPO can check the allotment status online by visiting the official websites of BSE, NSE, or Kfin Technologies, the registrar for the issue, once the allotment of shares gets finalised. Alternatively, investors can follow these direct links to check the Brigade Hotel Ventures IPO allotment status directly: Check Brigade Hotel Ventures IPO allotment status on BSE: Brigade Hotel Ventures IPO final subscription status Brigade Hotel Ventures IPO, valued at around ₹759.60 crore, was offered at a price band of ₹85–90 with a lot size of 166 shares. The public issue received bids for 22,95,14,588 shares against the 5,11,93,987 shares offered. This led to an oversubscription of 4.48 times by the end of the subscription period, according to data available on the BSE. Brigade Hotel Ventures IPO witnessed the highest demand among the retail investors, who subscribed 6.40 times the portion reserved for them. This was followed by qualified institutional buyers (QIBs), at 5.42 times, and non-institutional investors (NIIs), who oversubscribed their category by 1.92 times. Brigade Hotel Ventures IPO grey market premium (GMP) today The unlisted shares of Brigade Hotel Ventures were trading flat at around ₹90 per share, which is also the upper end of the IPO price, according to sources tracking unofficial market activities. Thus, the grey market premium (GMP) for Brigade Hotel Ventures IPO remains Nil on Tuesday, July 29. Brigade Hotel Ventures IPO likley listing date Shares of Brigade Hotel Ventures are scheduled to list on the BSE and NSE on Thursday, July 31, 2025. The current GMP trends indicate a flat listing for the company's shares. However, these estimates may vary, as the grey market is unregulated, and GMP should not be considered a reliable indicator of performance. About Brigade Hotel Ventures Brigade Hotel Ventures owns and develops hotels in key Indian cities, primarily in South India. The company is a wholly-owned subsidiary of Brigade Enterprises, a leading Indian real estate developer. Brigade Hotel Ventures operates nine hotels across Bengaluru, Chennai, Kochi, Mysuru, and GIFT City, with a total of 1,604 keys. Its hotels are managed by global hospitality companies like Marriott, Accor, and InterContinental Hotels Group.
Mint
2 days ago
- Business
- Mint
Brigade Hotel Ventures IPO allotment date likely today. GMP, steps to check share allotment status online
Brigade Hotel Ventures IPO Allotment: The initial public offering (IPO) of hotels developer Brigade Hotel Ventures Ltd received decent response from investors. As the bidding period has now ended, focus now shifts towards Brigade Hotel Ventures IPO allotment date, which is expected to be soon. The public offering was open from July 24 to 28. Brigade Hotel Ventures IPO allotment date is likely today, 29 July 2025, and the tentative IPO listing date is July 31. Brigade Hotel Ventures is the hospitality arm of Brigade Enterprises, a Bengaluru-headquartered real estate developer. The company will finalise the basis of Brigade Hotel Ventures IPO allotment status soon. Once the Brigade Hotel Ventures IPO allotment status is fixed, the company will then credit the equity shares into the demat accounts of the eligible allottees on July 30, and initiate refunds to unsuccessful bidders on the same day. Investors can check Brigade Hotel Ventures IPO allotment status online through the websites of BSE and NSE, along with the official portal of the IPO registrar. Kfin Technologies is the Brigade Hotel Ventures IPO registrar. In order to check Brigade Hotel Ventures IPO allotment status online, investors must follow a few simple steps mentioned below: Step 2] Select 'Equity' in the Issue Type Step 3] Choose 'Brigade Hotel Ventures Limited' in the Issue Name dropdown menu Step 4] Enter either Application No. or PAN Step 5] Verify by ticking on 'I am not robot' and click on 'Search' Your Brigade Hotel Ventures IPO allotment status will be displayed on the screen. Step 2] Select 'Equity and SME IPO bids' Step 3] Choose 'Brigade Hotel Ventures Limited' from the Issue Name dropdown menu Step 4] Enter your PAN and Application Number Your Brigade Hotel Ventures IPO allotment status will be displayed on the screen. Step 1] Visit IPO registrar's website on this link - Step 2] Choose 'Brigade Hotel Ventures Limited' in the Select IPO dropdown menu Step 3] Select either Application No, Demat Account, or PAN Step 4] Enter the details as per the option selected Step 5] Enter the Captcha code and click on Submit Your Brigade Hotel Ventures IPO allotment status will be displayed on the screen. Brigade Hotel Ventures shares are showing a muted trend in the unlisted market, with no grey market premium (GMP). According to stock market experts, Brigade Hotel Ventures IPO GMP today is ₹ 0 per share. This indicates that in the grey market, Brigade Hotel Ventures shares are trading without any premium or discount to the issue price. Considering the Brigade Hotel Ventures IPO GMP today, the estimated listing price of Brigade Hotel Ventures shares would be ₹ 90 apiece, which is equivalent to its IPO price of ₹ 90 per share. The bidding for the issue commenced on Thursday, July 24, and concluded on Monday, July 28. Brigade Hotel Ventures IPO allotment date is likely today, 29 July 2025, while the IPO listing date is likely July 31. Brigade Hotel Ventures shares will be listed on both the stock exchanges - BSE and NSE. Brigade Hotel Ventures IPO price band was set at ₹ 85 to ₹ 90 per share. The company raised ₹ 759.60 crore from the book-building issue which was entirely a fresh issue of 8.44 crore equity shares. Brigade Hotel Ventures IPO has been subscribed 4.48 times in total, according to NSE data. The public issue was booked 6.40 times in the retail category, and 5.42 times in the Qualified Institutional Buyers (QIBs) category. The Non Institutional Investors (NII) segment received 1.92 times subscription. JM Financial is the book-running lead manager of the Brigade Hotel Ventures IPO, while Kfin Technologies is the IPO registrar. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Economic Times
2 days ago
- Business
- Economic Times
Brigade Hotel Ventures IPO: Allotment status likely today, here's how to check
Brigade Hotel Ventures IPO allotment is expected today. The IPO saw a subscription of 4.48 times. Retail investors subscribed the most at 6.4 times. Qualified institutional buyers bid 5.42 times. Non-institutional investors subscribed 1.92 times. The company will list on BSE and NSE on July 31. Allotment status can be checked on KFin Technologies and BSE websites. Tired of too many ads? Remove Ads How to check Brigade Hotel Ventures IPO allotment status Tired of too many ads? Remove Ads 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 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 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 Website ( Select 'Brigade Hotel Ventures IPO' from the dropdownEnter PAN, Application Number, or DP Client IDClick on 'Submit' to view the statusBSE Website ( 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 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 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)
