Latest news with #BrigadeHotelVenturesLtd
Mint
9 hours ago
- Business
- Mint
Brigade Hotel Ventures IPO day 1: GMP, review, subscription status, other details. Apply or not?
Brigade Hotel Ventures IPO: The initial public offering (IPO) of Brigade Hotel Ventures Ltd. opened today. Bidding for the public issue will open at 10:00 AM today and will end on 28 July 2025 at 5:00 PM. The hospitality company has declared the Brigade Hotel Ventures IPO price band at ₹ 85 to ₹ 90 per equity share. The book-build issue is proposed for listing on the BSE and the NSE. The mainboard IPO aims to raise ₹ 759.60 crore by issuing fresh shares. Ahead of the Brigade Hotel Ventures IPO subscription opening, company shares have become available in the grey market. According to market observers, shares of Brigade Hotel Ventures Ltd. are available at a premium of ₹ 16 in the grey market today. This means Brigade Hotel Ventures IPO GMP today is ₹ 16, which signals an around 18% listing gain for potential investors. Bidding for the public issue will open at 10:00 AM today and will end on 28 July 2025 at 5:00 PM. 1] Brigade Hotel Ventures IPO GMP today: According to market observers, the company's shares are trading at a premium of ₹ 16 in the grey market today. 2] Brigade Hotel Ventures IPO price: The hospitality company has declared a price band of ₹ 85 to ₹ 90 per share for the public offer. 3] Brigade Hotel Ventures IPO date: The initial offer has opened today and will remain open until 28 July 2025. 4] Brigade Hotel Ventures IPO size: The hospitality company aims to raise ₹ 759.60 crore by issuing fresh shares. 5] Brigade Hotel Ventures IPO lot size: A bidder can apply in lots, and one lot of the IPO will comprise 166 company shares. 6] Brigade Hotel Ventures IPO allotment date: The most likely date for finalising share allocation is 29 July 2025. 7] Brigade Hotel Ventures IPO registrar: KFin Technologies Limited has been appointed the official registrar of this mainboard IPO. 8] Brigade Hotel Ventures IPO lead managers: JM Financial and ICICI Securities have been appointed lead managers of the book build issue. 9] Brigade Hotel Ventures IPO listing date: The most likely date for share listing is 31 July 2025. 10] Brigade Hotel Ventures IPO review: Ventura has assigned a 'subscribe' tag to the public issue saying, "By combining brand-driven hospitality with real estate development expertise from its parent BEL, Brigade Hotel Ventures is positioning itself to capture demand in India's growing premium and business hotel segments, while strengthening its balance sheet and operational footprint through this IPO. We recommend subscribing to Brigade Hotel Ventures Ltd." Assigning a 'subscribe' tag for medium to long-term, Kunvarji Finstock said, "We recommend subscribing to this IPO with a medium to long-term view. The company's financials are growing consistently in its topline numbers. With a strong presence in the southern part of India, there is further scope for geographical expansion. The Indian tourism industry is growing rapidly, driven by rising disposable incomes and a booming travel culture." In addition to these brokerages, Bajaj Broking, SBI Capital Securities, Canara Bank Securities, etc., have also assigned a 'subscribe' tag to this mainboard IPO. Disclaimer: The views and recommendations made above are those of individual analysts or brokerage companies and not of Mint. We advise investors to check with certified experts before making any investment decisions.
News18
3 days ago
- Business
- News18
Brigade Hotel Ventures fixes price band at Rs 85-90/share for Rs 760-cr IPO
New Delhi, Jul 21 (PTI) Brigade Hotel Ventures Ltd, which is launching its Rs 760 crore public issue this week, has fixed a price band of Rs 85-90 per share. Brigade Hotel Ventures Ltd, a subsidiary of Bengaluru-based real estate company Brigade Enterprises Ltd, has nine hotels in South India comprising 1,604 keys. It has posted a revenue of Rs 468.25 crore during the 2024-25 financial year. On Monday, the company fixed a price band of Rs 85-90 per share for its initial public offering (IPO), which will be open from July 24-28. At the upper end of the price band, the company is valued at over Rs 3,400 crore. Brigade Hotel Ventures plans to raise up to Rs 759.60 crore through its IPO, which is entirely a fresh issue of equity shares. As per the red herring prospectus filed with Sebi, the company will use Rs 468.14 crore for payment of debt, while Rs 107.52 crore will be utilised for purchase of an undivided share of land from promoter firm Brigade Enterprises. The remaining funds will be deployed to 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 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 hospitality companies such as Marriott, Accor and InterContinental Hotels Group. India's hospitality sector has revived strongly since the COVID-19 pandemic, which had adversely affected the hotel industry. Schloss Bangalore, which operates Leela Palaces Hotels and Resorts, has recently been listed on the stock exchanges. Bengaluru-based Prestige Estates has filed the draft red herring prospectus (DRHP) with markets regulator Sebi to launch its IPO. PTI SP MJH MJH SHW view comments First Published: July 21, 2025, 14:00 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.
Economic Times
3 days ago
- Business
- Economic Times
Brigade Hotel Ventures sets IPO price band at Rs 85-90/share
Brigade Hotel Ventures Ltd owner and developer of hotels in South India on Monday fixed a price band of Rs 85-90 per share for its Rs 749.6-crore upcoming Initial Public Offering (IPO). ADVERTISEMENT At the upper end of the price band, the company is valued at over Rs 3,400 crore. The IPO is scheduled to open on July 24 and close on July 28. The one-day bidding for the anchor investor will open on July 23, the company announced. Brigade Hotel Ventures' IPO is entirely a fresh issue of equity shares with no Offer For Sale (OFS) component. Proceeds from the issue to the tune of Rs 468.14 crore will be used for payment of debt; Rs 107.52 crore be utilised for 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. ADVERTISEMENT 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. ADVERTISEMENT 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. ADVERTISEMENT The company announced that 75 per cent of the offer size has been set aside for qualified institutional buyers, 15 per cent for non-institutional investors and the remaining 10 per cent for retail investors. 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. (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
3 days ago
- Business
- Time of India
Brigade Hotel Ventures sets IPO price band at Rs 85-90/share
Brigade Hotel Ventures Ltd owner and developer of hotels in South India on Monday fixed a price band of Rs 85-90 per share for its Rs 749.6-crore upcoming Initial Public Offering (IPO). At the upper end of the price band, the company is valued at over Rs 3,400 crore. Explore courses from Top Institutes in Select a Course Category by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Bargain Prices on Unsold Container Houses in National Capital Region - Check Them Out! Shipping Container Homes | Search Ads Search Now Undo The IPO is scheduled to open on July 24 and close on July 28. The one-day bidding for the anchor investor will open on July 23, the company announced. Brigade Hotel Ventures' IPO is entirely a fresh issue of equity shares with no Offer For Sale (OFS) component. Proceeds from the issue to the tune of Rs 468.14 crore will be used for payment of debt; Rs 107.52 crore be utilised for 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. Live Events 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 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. The company announced that 75 per cent of the offer size has been set aside for qualified institutional buyers, 15 per cent for non-institutional investors and the remaining 10 per cent for retail investors. 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.
Time of India
4 days ago
- Business
- Time of India
Brigade Hotel Ventures' ₹750-crore IPO to open on July 24
NEW DELHI: 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.
