Latest news with #BrigadeHotelVentures
Mint
2 hours ago
- Business
- Mint
IPO GMPs: Brigade Hotel Ventures IPO vs IndiQube Spaces IPO vs GNG Electronics IPO — What grey market hints at?
This week is lively with IPO activities, as GNG Electronics IPO, Indiqube Spaces IPO, and Brigade Hotel Ventures IPO have already entered the Indian stock market, while Shanti Gold International IPO is scheduled to enter the primary market tomorrow, Friday, July 25. The GNG Electronics IPO and Indiqube Spaces IPO have both achieved full subscriptions on their second day, whereas Brigade Hotel Ventures IPO has not yet reached that milestone on its first day. Mohit Gulati, the CIO and managing partner of ITI Growth Opportunities Fund, said that in comparing the GNG Electronics, Indiqube Spaces, and Brigade Hotel Ventures IPOs, retail investors face a challenging decision amid shifting Indian macroeconomic conditions. Although GNG Electronics shows initial subscription strength, its stretched valuations and working capital concerns raise red flags. Indiqube Spaces presents a high-growth narrative in flexible workspaces but remains loss-making with limited retail allocation, increasing its risk profile. Brigade Hotel Ventures, backed by stable hospitality assets, offers relative defensiveness though the sector is cyclical and currently under pressure. Gulati believes that given ongoing inflationary pressures, slowing economic growth, and reduced market depth, the risk-reward ratio for subscribing to these IPOs has worsened significantly. The current environment does not favor aggressive investments in highly valued or early-stage issues. 'While the broader Indian IPO market shows resilience and a strong pipeline, retail investors should exercise caution and prefer a selective, wait-and-watch approach until macro conditions stabilize and liquidity improves. Ultimately, none of these IPOs stand out as a clear winner for retail subscription under prevailing market dynamics,' advised Mohit Gulati. Let's take a look at the grey market premium trends: IndiQube Spaces IPO grey market premium is +14. This indicates IndiQube Spaces share price is trading at a premium of ₹ 14 in the grey market, according to Considering the upper end of the IndiQube Spaces IPO price band and the current premium in the grey market, the estimated listing price of IndiQube Spaces share price is indicated at ₹ 251 apiece, which is 5.91% higher than the IPO price of ₹ 237. Analysing the grey market activities from the last eight sessions, the current GMP ( ₹ 14) indicates a trend towards decline. The lowest GMP recorded is ₹ 0.00, and the highest is ₹ 40, as per insights from experts. GNG Electronics IPO grey market premium is +100. This indicates GNG Electronics share price is trading at a premium of ₹ 100 in the grey market, according to Considering the upper end of the GNG Electronics IPO price band and the current premium in the grey market, the estimated listing price of GNG Electronics shares is ₹ 337 apiece, which is 42.19% higher than the IPO price of ₹ 237. Following the last seven sessions of grey market activities, the current IPO GMP is showing an upward trend, indicating a robust listing anticipated. The minimum GMP recorded is ₹ 71.00, whereas the maximum GMP is ₹ 105, as per insights from experts. Brigade Hotel IPO GMP is +8. This indicates Brigade Hotel Ventures share price is trading at a premium of ₹ 8 in the grey market, according to Considering the upper end of the Brigade Hotel IPO price band and the current premium in the grey market, the estimated listing price of Brigade Hotel Ventures share price is indicated at ₹ 98 apiece, which is 8.89% higher than the IPO price of ₹ 90. According to the grey market activities observed over the last seven sessions, the current GMP ( ₹ 8) indicates a trend toward declining values. The lowest GMP recorded is ₹ 0.00, while the highest stands at ₹ 17, as per experts from 'Grey market premium' indicates investors' readiness to pay more than the issue price. Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision.
Mint
6 hours ago
- Business
- Mint
Brigade Hotel Ventures IPO: Hospitality firm raises ₹325 crore from anchor investors ahead of opening of public issue
Brigade Hotel Ventures Ltd, a hotel owner and developer in South India, has raised ₹ 324.7 crore from anchor investors ahead of its IPO opening for public subscription. According to the exchange filing, notable investors like SBI Mutual Fund, 360 One MF, Axis MF, Motilal Oswal MF, Bandhan MF, Edelweiss MF, and Nuvama MF participated in the anchor book. The company allocated over 3.6 crore shares to 17 institutional investors at ₹ 90 each, totaling ₹ 324.72 crore. Out of the total allocation of 3.6 crore equity shares to the Anchor Investors, 2,54,88,636 Equity Shares (i.e. 70.64% of the total allocation to Anchor Investors) were allocated to 6 domestic mutual funds through a total of 12 schemes. Brigade Hotel Ventures IPO will open on Thursday and close on July 28, with a price band of ₹ 85– ₹ 90 per share. At the upper price band, the company's valuation stands at over ₹ 3,400 crore. This IPO is a completely fresh issue worth ₹ 759.6 crore, with no offer-for-sale component. Of the proceeds, ₹ 468.14 crore will go toward debt repayment, ₹ 107.52 crore will be used to buy a share of land from promoter Brigade Enterprises Ltd (BEL), and the rest will support acquisitions, strategic growth, and general corporate purposes. Earlier in the month, Brigade Hotel Ventures also raised ₹ 126 crore through a stake sale to 360 ONE Alternates Asset Management. Brigade Hotel Ventures, a subsidiary of Bengaluru-based BEL, entered the hospitality sector in 2004 and began operations with its first hotel, Grand Mercure Bangalore, in 2009. Today, it operates nine hotels with 1,604 rooms across cities like Bengaluru, Chennai, Kochi, Mysuru, and GIFT City, managed by global chains such as Marriott, Accor, and IHG. For the IPO, 75% of the shares are reserved for qualified institutional buyers, 15% for non-institutional investors, and 10% for retail investors. JM Financial and ICICI Securities are the lead managers, and the stock is expected to debut on the exchanges on July 31.
Mint
8 hours ago
- Business
- Mint
Brigade Hotel Ventures IPO Day 1 Live: Check GMP, review, subscription status, more
24 Jul 2025, 08:48 AM IST Tentatively, Brigade Hotel Ventures IPO basis of allotment of shares will be finalised on Tuesday, July 29 and the company will initiate refunds on Tuesday, July 29 while the shares will be credited to the demat account of allottees on the same day following refund. Brigade Hotel Ventures share price is likely to be listed on BSE and NSE on Thursday, July 31. 24 Jul 2025, 08:48 AM IST Brigade Hotel Ventures IPO has reserved not less than 75% of the shares in the public issue for qualified institutional buyers (QIB), not more than 15% for non-institutional Institutional Investors (NII), and not more than 10% of the offer is reserved for retail investors. The employee portion has been reserved equity shares aggregating upto ₹ 75.96 million. The Brigade Enterprises Ltd (BEL) shareholders are reserved equity shares up to ₹ 303.84 million. 24 Jul 2025, 08:43 AM IST Brigade Hotel Ventures Ltd, which owns and develops hotels in southern India, secured ₹ 325 crore from anchor investors on Wednesday, a day prior to the opening of its initial public offering for public subscriptions. The anchor book attracted participation from investors such as SBI Mutual Fund (MF), 360 One MF, Axis MF, Motilal Oswal MF, Bandhan MF, Edelweiss MF, and Nuvama MF, as detailed in a circular posted on the BSE's website. According to the circular, Brigade Hotel Ventures has issued more than 3.6 crore equity shares to 17 funds at a price of ₹ 90 each, bringing the total amount raised to ₹ 324.72 crore. 24 Jul 2025, 08:37 AM IST Brigade Hotel Ventures IPO GMP is +8. This indicates Brigade Hotel Ventures share price is trading at a premium of ₹ 8 in the grey market, according to Considering the upper end of the Brigade Hotel IPO price band and the current premium in the grey market, the estimated listing price of Brigade Hotel Ventures share price is indicated at ₹ 98 apiece, which is 8.89% higher than the IPO price of ₹ 90. According to the grey market activities observed over the last seven sessions, the current GMP ( ₹ 8) is indicating a trend towards decreasing. The minimum GMP recorded is ₹ 0.00, while the maximum GMP stands at ₹ 17, as per the insights from experts. 'Grey market premium' indicates investors' readiness to pay more than the issue price. 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.
Mint
8 hours ago
- Business
- Mint
Brigade Hotel Ventures IPO: Hospitality firm raises ₹325 crore from anchor investors ahead of opening of public issue
Brigade Hotel Ventures Ltd, a hotel owner and developer in South India, has raised ₹ 324.7 crore from anchor investors ahead of its IPO opening for public subscription. According to the exchange filing, notable investors like SBI Mutual Fund, 360 One MF, Axis MF, Motilal Oswal MF, Bandhan MF, Edelweiss MF, and Nuvama MF participated in the anchor book. The company allocated over 3.6 crore shares to 17 institutional investors at ₹ 90 each, totaling ₹ 324.72 crore. Out of the total allocation of 3.6 crore equity shares to the Anchor Investors, 2,54,88,636 Equity Shares (i.e. 70.64% of the total allocation to Anchor Investors) were allocated to 6 domestic mutual funds through a total of 12 schemes. Brigade Hotel Ventures IPO will open on Thursday and close on July 28, with a price band of ₹ 85– ₹ 90 per share. At the upper price band, the company's valuation stands at over ₹ 3,400 crore. This IPO is a completely fresh issue worth ₹ 759.6 crore, with no offer-for-sale component. Of the proceeds, ₹ 468.14 crore will go toward debt repayment, ₹ 107.52 crore will be used to buy a share of land from promoter Brigade Enterprises Ltd (BEL), and the rest will support acquisitions, strategic growth, and general corporate purposes. Earlier in the month, Brigade Hotel Ventures also raised ₹ 126 crore through a stake sale to 360 ONE Alternates Asset Management. Brigade Hotel Ventures, a subsidiary of Bengaluru-based BEL, entered the hospitality sector in 2004 and began operations with its first hotel, Grand Mercure Bangalore, in 2009. Today, it operates nine hotels with 1,604 rooms across cities like Bengaluru, Chennai, Kochi, Mysuru, and GIFT City, managed by global chains such as Marriott, Accor, and IHG. For the IPO, 75% of the shares are reserved for qualified institutional buyers, 15% for non-institutional investors, and 10% for retail investors. JM Financial and ICICI Securities are the lead managers, and the stock is expected to debut on the exchanges on July 31. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
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Business Standard
9 hours ago
- Business
- Business Standard
Brigade Hotel Ventures IPO opens today; GMP up 9%; should you subscribe?
Brigade Hotel Ventures IPO opens for public subscritpion: Hotels chain operator Brigade Hotel Ventures is set to launch its initial public offering (IPO) today, July 24, 2025. At the upper end, the company seeks to raise ₹759.60 crore from the public issue, which comprises an entirely fresh issue of 84.4 million equity shares. Brigade Hotel Ventures has announced that it has already raised ₹324.72 crore from the anchor investors on the bidding concluded on July 23. The anchor book saw participation from investors, including SBI Mutual Fund (MF), 360 One MF, Axis MF, Motilal Oswal MF, Bandhan MF, Edelweiss MF, and Nuvama MF. The brokerages remain optimistic on the public offering of Brigade Hotel Ventures for the long-term investment outlook, citing the company's expansion and improving financial performance. Here are the key details of Brigade Hotel Ventures IPO: Brigade Hotel Ventures IPO price band, lot size Brigade Hotel Ventures IPO is being offered at a price band of ₹85–90 per share, and a lot size of 166 shares. Thus, the investors can bid for a minimum of 166 shares and in multiples thereof. A retail investor would require ₹14,940 to bid for one lot or 166 shares of Brigade Hotel Ventures IPO. A retail investor can, however, bid for a maximum of 13 lots or 2,158 shares of Brigade Hotel Ventures IPO with an investment of ₹1,94,220. Brigade Hotel Ventures IPO grey market premium (GMP) The unlisted shares of Brigade Hotel Ventures were commanding a decent premium in the grey markets ahead of the opening of their public issue on Thursday. Sources tracking unofficial market activity revealed that Brigade Hotel Ventures shares were trading at ₹98 apiece, reflecting a grey market premium (GMP) of ₹8 or 8.89 per cent over the upper price band of ₹90. Brigade Hotel Ventures IPO timelines The three-day subscription window to bid for the Brigade Hotel Ventures IPO is likely to close on Monday, July 28, 2025. Following that, the basis of allotment of Brigade Hotel Ventures IPO shares is expected to be finalised on Tuesday, July 29, 2025, and shares will be credited to successful allottees' demat accounts on Wednesday, July 30, 2025. Shares of Brigade Hotel Ventures are set to make their D-Street debut tentatively on Thursday, July 31, 2025. Brigade Hotel Ventures IPO registrar, lead manager Kfin Technologies serves as the registrar for the Brigade Hotel Ventures IPO, while JM Financial is the sole book-running lead manager for the issue. Brigade Hotel Ventures IPO objectives The company proposes to utilise the proceeds from the public issue for the repayment or prepayment, either in full or in part, of certain outstanding borrowings availed by the company and its material subsidiary, SRP Prosperita Hotel Ventures Limited. A portion of the proceeds will also be used for the payment of consideration towards the purchase of an undivided share of land from the Promoter, BEL. Additionally, the funds will support the company's inorganic growth plans through potential unidentified acquisitions and other strategic initiatives. The remaining proceeds will be allocated towards general corporate purposes. Should you subscribe to Brigade Hotel Ventures IPO? Canara Bank Securities – Subscribe for long-term Analysts at Canara Bank Securities have recommended that investors bid for the Brigade Hotel Ventures IPO with a long-term outlook. "Its high occupancy, strategic alliances with global hotel chains, strong brand equity, and premium location focus enhance its long-term prospects." Brigade Hotel Ventures IPO is valued at a steep P/E of 125x and P/B of 32.26x (FY25), which the analysts said is well above the industry averages of 92.53x and 4.95x respectively. "We recommend a Subscribe rating only for well-informed investors with a long-term outlook, given the company's aggressive expansion, improving financial performance, and strategic advantage in high-growth hospitality corridors," wrote the analysts in their report. SBI Securities – Subscribe for long term Brokerage firm SBI Securities has also recommended investors to subscribe to the issue at the cut-off price for the long term. The brokerage, in its report, highlighted that the company has demonstrated strong financial growth, with a CAGR of 15.6 per cent in revenue, 30 per cent in Ebitda, and 73.2 per cent in PAT over FY23–FY25. However, it also noted that the company has a negative Reserves & Surplus of ₹196 crore as of March 2025, owing to accumulated losses in the past. "Out of the total IPO proceeds of ₹760 crore, BHVL will utilise approximately ₹468 crore towards debt repayment, which will lead to a reduction in the debt-to-equity ratio to below 1.0x from the current 7.1x, and an improvement in profitability as interest cost savings of ₹45 crore will flow through the P&L. Going forward, trends in occupancy levels and average room rates (ARR) of the company will be key monitorables," said the brokerage in its report. "At the upper price band of ₹90, BHVL is valued at a FY25 EV/Ebitda of 19.8x. We recommend subscribing at the cut-off price for the long term." About Brigade Hotel Ventures Brigade Hotel Ventures Limited is an owner and developer of hotels in key Indian cities, with a primary focus on South India. The company is the second-largest owner of chain-affiliated hotels and hotel rooms in South India—including the states of Karnataka, Tamil Nadu, Kerala, Andhra Pradesh, Telangana, and the Union Territories of Lakshadweep, Andaman and Nicobar Islands, and Puducherry—among major private hotel asset owners (defined as investors owning at least 500 rooms across India).
