Latest news with #BrigadeHotelVenturesLtd
Mint
a day 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.
News18
2 days ago
- Business
- News18
Brigade Hotel Ventures IPO subscribed 4.48 times on last day of bidding
Last Updated: New Delhi, Jul 28 (PTI) The initial share sale of Brigade Hotel Ventures Ltd fetched 4.48 times subscription on the closing day of bidding on Monday. The initial public offering (IPO) received bids for 22,95,01,142 shares against 5,11,93,987 shares on offer, according to data available with the NSE. Retail Individual Investors (RIIs) category attracted 6.40 times subscription while the quota for Qualified Institutional Buyers (QIBs) got subscribed 5.42 times. The portion for non-institutional investors received 1.92 times subscription. Brigade Hotel Ventures Ltd had on Wednesday raised Rs 325 crore from anchor investors. The price band has been fixed at Rs 85-90 per share. At the upper end of the price band, the company is valued at over Rs 3,400 crore. Brigade Hotel Ventures' IPO is entirely a fresh issue of equity shares worth Rs 759.6 crore with no offer-for-sale (OFS) component. Proceeds from the issue to the tune of Rs 468.14 crore will be used for the payment of debt, 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. The company has a portfolio of nine operating hotels across Bengaluru, Chennai, Kochi, Mysuru, and the GIFT City (Gujarat) with 1,604 keys. The 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. PTI SUM TRB (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: July 28, 2025, 18:15 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.
Time of India
4 days ago
- Business
- Time of India
Brigade Hotel Ventures' IPO subscribed 1.19 times on day 2 of offer
NEW DELHI: The initial share sale of Brigade Hotel Ventures Ltd received 1.19 times subscription on the second day of bidding on Friday. The company's initial public offering (IPO) got bids for 6,09,28,972 shares against 5,11,93,987 shares on offer, according to data available with the NSE. Retail Individual Investors (RIIs) part got subscribed 4.65 times while the portion for non-institutional investors received 98 per cent subscription. The Qualified Institutional Buyers (QIBs) category fetched 8 per cent subscription. Brigade Hotel Ventures Ltd on Wednesday raised Rs 325 crore from anchor investors. The IPO will conclude on July 28. The price band has been fixed at Rs 85 to Rs 90 per share. At the upper end of the price band, the company is valued at over Rs 3,400 crore. Brigade Hotel Ventures' IPO is entirely a fresh issue of equity shares worth Rs 759.6 crore with no offer-for-sale (OFS) component. Proceeds from the issue to the tune of Rs 468.14 crore will be used for the payment of debt, 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. 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 the GIFT City (Gujarat) with 1,604 keys. The 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.
News18
5 days ago
- Business
- News18
Brigade Hotel Ventures IPO subscribed 1.19 times on day 2 of offer
Last Updated: New Delhi, Jul 25 (PTI) The initial share sale of Brigade Hotel Ventures Ltd received 1.19 times subscription on the second day of bidding on Friday. The company's initial public offering (IPO) got bids for 6,09,28,972 shares against 5,11,93,987 shares on offer, according to data available with the NSE. Retail Individual Investors (RIIs) part got subscribed 4.65 times while the portion for non-institutional investors received 98 per cent subscription. The Qualified Institutional Buyers (QIBs) category fetched 8 per cent subscription. Brigade Hotel Ventures Ltd on Wednesday raised Rs 325 crore from anchor investors. The IPO will conclude on July 28. The price band has been fixed at Rs 85 to Rs 90 per share. At the upper end of the price band, the company is valued at over Rs 3,400 crore. Brigade Hotel Ventures' IPO is entirely a fresh issue of equity shares worth Rs 759.6 crore with no offer-for-sale (OFS) component. Proceeds from the issue to the tune of Rs 468.14 crore will be used for the payment of debt, 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. 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 the GIFT City (Gujarat) with 1,604 keys. The 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. PTI SUM SUM SHW (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: July 25, 2025, 18:15 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
6 days ago
- Business
- Mint
Brigade Hotel Ventures IPO: This small fish knows how to hunt in a big pond
After a muted start to 2025, India's IPO party is back in full swing. The stellar ₹12,500-crore offering of HDB Financial Services — the largest IPO of the year so far — has boosted investors' confidence and reignited their appetite for public issues. With more than $30 billion expected to be raised in the next 12 months, India's IPO pipeline is bursting with high-value deals and strong institutional interest. This week, Dalal Street will see 10 IPOs ready for launch and three companies gearing up to list. Among the most anticipated offerings is that of Brigade Hotel Ventures. Here's all you need to know about the IPO. What is Brigade Hotel Ventures? Brigade Hotel Ventures Ltd develops and owns hotels in cities, primarily across south India. The company is a wholly owned subsidiary of Brigade Enterprises Ltd, a leading Indian real estate developer. The company owns chain-affiliated hotels and rooms in Kerala, Andhra Pradesh, Tamil Nadu, Karnataka and Telangana, as well as the Union Territories of Lakshadweep, Andaman and Nicobar Islands, and Pondicherry. Its hotels provide a comprehensive experience, including fine dining and specialty restaurants, venues for meetings, incentives, conferences, and exhibitions (the 'MICE' market), lounges, swimming pools, outdoor spaces, spas and gymnasiums. Brigade Enterprises Limited (BEL), ventured into hospitality in 2004 by launching Grand Mercure Bangalore, which began operations in 2009. What sets this IPO apart? How is the IPO structured? The IPO offering consists solely of new equity shares with no offer-for-sale (OFS) component. How does Brigade Hotel Ventures plan to use the proceeds? What's the grey market premium? As of 22 July the grey market premium (GMP) for Brigade Hotel Ventures stood at ₹17, implying a listing price of ₹107, an 18.9% premium to the issue's upper band. The GMP has been trending upward in recent sessions, signalling expectations of a firm listing. Brigade Hotel Ventures vs its peers Brigade Hotel Ventures is a relatively small player in the hospitality space, with revenue of ₹401.7 crore, far lower than that of giants such as Indian Hotels (Taj) and EIH (Oberoi). However, has an exceptionally high return on net worth (RoNW) of 53.01%, significantly higher than all its listed peers, indicating strong capital efficiency. Its basic earnings per share (EPS) of ₹0.88 is modest but positive, unlike that of loss-making players such as Samhi Hotels. While its net worth of ₹58.74 crore is the lowest in the group, the company benefits from brand partnerships with global hospitality majors such as Marriott and Accor. What are the financials like? Revenue grew steadily from ₹840.67 crore in FY23 to ₹947.57 crore in FY25, while Ebitda rose from ₹113.98 crore to ₹166.87 crore. After a loss in FY23, the company turned profitable in FY24 with a profit after tax (PAT) of ₹31.14 crore. PAT came in at ₹23.66 crore in FY25. Net worth also improved significantly to ₹78.58 crore in FY25. Over the past three years, the company has delivered a revenue CAGR of 6.2%. What are the risks? What's next for Brigade Hotel Ventures? The company's expansion strategy focuses on high-growth regions with demand, in line with its long-term strategic objectives. It plans to develop three luxury properties, including the Intercontinental Hyderabad at Brigade Neopolis, the Grand Hyatt Resort on East Coast Road (ECR) in Chennai, and a luxury resort at Vaikom Island, Kerala. It also aims to complete the construction of a luxury beach resort in Chennai and the two upper-midscale hotels in Bengaluru FY28, and another two hotels by FY29. Conclusion The India's hotel industry is entering an exciting phase. With more people travelling for leisure, religious tourism, and business, over one lakh new rooms are expected to be added by 2029. From improved infrastructure to rising incomes, everything's pointing to one thing: a travel boom that's here to stay. For Brigade Hotel Ventures, this comes at just the right time. With a presence in major cities and growing destinations such as Mysuru and GIFT City, it's already where the action is shifting. Happy investing! Disclaimer: This article is for information purposes only. It is not a stock recommendation and should not be treated as such. This article is syndicated from
