Brigade Hotel Ventures' ₹750-cr IPO to open on Jul 24

By Admin

21 Jul, 2025

Brigade Hotel Ventures Ltd, a prominent owner and developer of hotels in South India, is all set to launch its ₹749.6-crore initial public offering (IPO) on July 24, 2025. The company aims to bolster its financial standing and fund strategic expansion initiatives through this public issue.

IPO Details and Timeline

According to the Red Herring Prospectus (RHP), the IPO will remain open for subscription until July 28, 2025. The one-day bidding window for anchor investors is slated to open a day earlier, on July 23. Notably, the entire IPO is a fresh issue of equity shares, with no offer-for-sale (OFS) component. This indicates that the company will directly benefit from the funds raised, rather than existing shareholders selling their stake.

Utilisation of Funds

The IPO proceeds will be allocated across several strategic areas:

• ₹468.14 crore will go towards repayment of existing debt, reducing the company's financial burden.
  
  

• ₹107.52 crore will be used to purchase an undivided share of land from its promoter, Brigade Enterprises Ltd (BEL).
  
  

• The remaining amount will be used to fund acquisitions, drive strategic initiatives, and for general corporate purposes.
  
  

Recent Developments and Promoter Background

Earlier this month, Brigade Hotel Ventures secured ₹126 crore through a pre-IPO placement by selling equity shares to 360 ONE Alternates Asset Management.

The company is a subsidiary of Brigade Enterprises Ltd (BEL), a leading real estate firm based in Bengaluru. BEL made its foray into the hospitality sector in 2004 and launched its first hotel, Grand Mercure Bangalore, in 2009.

Robust Hospitality Portfolio

Today, Brigade Hotel Ventures boasts a strong presence in the hospitality sector, with a portfolio of nine operational hotels spread across Bengaluru, Chennai, Kochi, Mysuru, and GIFT City. Collectively, these properties offer 1,604 keys. These hotels are managed in partnership with renowned global hospitality brands such as:

• Marriott
  
  

• Accor
  
  

• InterContinental Hotels Group (IHG)
  
  

IPO Lead Managers and Listing Date

JM Financial and ICICI Securities are the book-running lead managers to the IPO. Following the subscription period, shares of Brigade Hotel Ventures are expected to be listed on the stock exchanges on July 31, 2025.

With this IPO, Brigade Hotel Ventures aims to strengthen its balance sheet and continue its growth trajectory in the Indian hospitality space, leveraging its partnerships with global hotel operators and the backing of its parent company, BEL.