Archive · 28 Jul 2025
Brigade Hotel Ventures IPO Opens at ₹85-90 Price Band
Imagine a hotel company, Brigade Hotel Ventures, is selling shares so people can invest, like buying a small piece of the hotel.
They're selling these shares for a price between ₹85 and ₹90.
Before you could buy, big investors already bought a large chunk.
The money raised will pay off debts, buy land, and possibly acquire more hotels.
The company already runs hotels in South India and plans to expand by adding new hotels.
This IPO helps them get the money to grow.
Brigade Hotel Ventures' IPO opened for public subscription with a price band of ₹85-90.
The IPO is a fresh issue of equity shares worth ₹759.6 crore.
The company raised ₹325 crore from anchor investors, including SBI Mutual Fund and others.
Proceeds will be used for debt repayment, land purchase, acquisitions, and other strategic initiatives.
Brigade Hotel Ventures, a subsidiary of Brigade Enterprises Ltd, owns and develops hotels in South India.
- Who
- Brigade Hotel Ventures, a subsidiary of Brigade Enterprises Ltd.
- What
- Initial Public Offering (IPO) of Brigade Hotel Ventures.
- When
- The IPO opened for public subscription on July 24, 2024.
- Where
- The hotels are located in South India; the IPO is taking place through public subscription.
- Why
- To raise capital for debt repayment, land purchase, acquisitions and other strategic initiatives.
- IPO Amount
- ₹760 crore
- Price Band
- ₹85-90
- Issue Type
- Fresh issue
- Market Lot
- 166 shares
- Anchor Investment
- ₹325 crore
- Listing Date (Expected)
- July 31
- Use of Proceeds
- Debt repayment, land purchase, acquisitions, strategic initiatives