The Initial Public offer of Brigade Hotel Ventures Ltd. will officially close today July 28, 2025. The IPO has seen mixed interest across diverse categories of investors and is oversubscribed on Day 3, till now the subscription went up to 2.04 times.
The ₹760 crore offering was opened on July 24, 2025.
The company is operational in Southern part of India and is involved in developing and owning the hotels across cities. The price band of the IPO was ₹85 to ₹90 per share with a minimum investment of ₹14,940 for the retail investors.
This IPO includes a fresh issue of 84.4 million equity shares and has no offer-for-sale (OFS) component. The retail category saw strong demand, oversubscribing by 5.89 times, while non-institutional investors (NIIs) participated at 1.54 times. However, qualified institutional buyers (QIBs) have shown minimal interest of 0.99 times of their allocated portion.
Check the below mentioned details, if you really don’t want to miss it:
• Issue Opens: July 24, 2025
• Issue Closes: July 28, 2025
• Allotment Date: July 29, 2025
• Price Band: ₹85 to ₹90 per share
• Minimum Investment: ₹14,940
• Maximum Amount: ₹2,00,000
• Maximum Lot Size: 33 shares
• Issue Size: ₹760 crore
The Consolidated Bid Details for the IPO is:
(Data: 14:10 PM today)
This indicates a moderate response, particularly from retail investors who have shown significant trust in the company. Despite the retail enthusiasm, Non-institutional Investors, Qualified Institutional Investor’s interest remains submissive. It’s showing their cautious sentiment around the hospitality sector’s recovery post-pandemic.
Brigade Hotel Ventures Ltd: About the Company
The company develop and owns Hotels, majorly in South Indian cities. The company has a portfolio of nine operating hotels, across Bangalore, Chennai, Kochi, Mysuru, and the Gift City of Gujarat (As per the Red Hearing Prospects).
Their hotels provide fine dining, restaurants, meeting venues, conferences space, exhibitions centres, lounges, outdoor spaces, and gymnasiums.
(Disclaimer: This article is for informational purposes only and should not be considered financial advice. Investors are advised to read the prospectus carefully and consult their financial advisor before making investment decisions.)
Also Read: NSDL IPO Alert: All You Need To Know, And Can’t Afford To Miss!
Ankur Mishra is a journalist who covers an extensive range of news, from business, stock markets, IPOs to geopolitics, world affairs, international crises, and general news. With over a decade of experience in the business domain, Ankur has been associated with some of the reputed media brands. Through a sharp eye on global marketplaces along with deep insights and analysis of business strategies, Ankur brings simplicity to the complex economic matrix to decode market trends and empower people.
He is committed to entrenched data, facts, research, solutions, and a dedication to value-based journalism. He has covered trade tariff wars, international alliances, corporate policies, government initiatives, regulatory developments, along with micro- and macroeconomic shifts impacting global fiscal dynamics.
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