Archive · 24 Jul 2025
Brigade Hotel Ventures IPO Receives Mixed Response on Day 1
Brigade Hotel Ventures, a hotel company, is offering shares to the public through an IPO.
On the first day, people showed interest, especially retail investors who wanted to buy the shares.
The company hopes to collect about ₹759.60 crore, which will be used to pay off debts, buy land, and expand.
Shares are priced between ₹85 and ₹90 each.
If all goes as planned, the shares will start trading on the stock exchange around July 31.
The 'grey market' suggests the shares might initially trade at a small premium above the offering price.
Brigade Hotel Ventures' IPO was subscribed 0.67 times on its first day.
Retail investors showed strong interest, with their portion oversubscribed 2.66 times.
The IPO aims to raise ₹759.60 crore through a fresh issue of 8.44 crore shares.
The price band for the IPO is set between ₹85 and ₹90 per share.
The company plans to use IPO proceeds for debt repayment, land purchase, and growth.
- Who
- Brigade Hotel Ventures, a hotel owner and developer.
- What
- Initial Public Offering (IPO) of Brigade Hotel Ventures.
- When
- The IPO's first day of bidding.
- Where
- NSE and BSE, in India.
- Why
- To raise funds for debt repayment, land purchase, and future growth initiatives.
Investors
Company
Subscription Levels
Investors
Concerned about overall subscription numbers
Company
Encouraged by the retail investor interest.
- IPO Subscription (Day 1)
- 0.67 times
- Retail Subscription (Day 1)
- 2.66 times
- Total Shares Offered
- 8.44 crore
- Price Band
- ₹85 - ₹90 per share
- IPO Proceeds Target
- ₹759.60 crore
- Listing Date (Tentative)
- July 31, 2025
- GMP
- ₹9 per share